As reported by NSR (Cloud Computing via Satellite Report), cloud services delivery in communication via satellite is seen to have the greatest revenue potential of up to US$1.6 billion by 2029 starting from US$200 million in 2019. Cooperation between cloud providers and satellite service providers in recent years has been increasing where integration of cloud.
NSR’s Cloud computing via satellite report cited in SatMagazine’s article on the future of Satcom.The satellite-to-cloud market offers great potential and the tech giants are looking to realize significant gains from this technology. Cloud computing via satellite is projected to drive 52 exabytes of traffic by 2029, generating a potential $16 billion in revenue from.
Since then, cloud players have emerged as a key segment to watch out for in the satellite business, first through direct peering partnerships such as Azure ExpressRoute and IBM Direct Link, and more recently, through high profile dedicated business units as in the case of AWS Aerospace and Satellite Solutions and Azure Space.
NSR’s Satellite-Based Earth Observation, 12th Edition (EO12), released today, finds a limited impact from COVID-19 on the EO market, with the sale of EO data and derived products to reach $8.1 billion annually by 2029. Revenues will be driven by government, military, and financial service-based customers, owing to strong demand and diversity need.
Cloud services ranging from IaaS and edge computing to virtualization and SaaS applications are not new to the IT industry; they have been well-known for years and are traditional concepts in most sectors. Not so in the satellite sector though, where a surge in the adoption of cloud-based technologies is underway.