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.
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.
Cloud computing represents an important technological shift that has been underway across industries since the turn of the century, impacting the bottom lines and business models of various players in the ICT sectors. Over the past decade alone, adoption of “the cloud” has surged forward with major legacy software vendors orchestrating efforts towards the emergence of on-demand self-service, rapidly elastic solutions on the so-called cloud.