Although cloud adoption is decreasing the legacy knowledge requirements for engagement, cost scalability remains a challenge. “The wave of both LEO, MEO and GEO-HTS Satcom services triggers long-term cloud adoption and enhance market engagement opportunity, with 233 exabytes of traffic projected,” according to Cloud Computing via Satellite, 2nd Edition (CCvS2).
Cloud Service Delivery via Satellite to Generate $21 Billion and 233 Exabytes of Traffic by 2030 Cambridge, MA – As adoption of cloud computing continues, NSR’s latest report, Cloud Computing via Satellite, 2nd Edition (CCvS2) forecasts $21 billion cumulative cloud services revenues by 2030 across four key market segments. The impending wave of both LEO, MEO.
NSR said this deal validates the ongoing relationship that Google has with SpaceX, as it has invested in the company in the past. Also, SpaceX’s partnerships with both Google Cloud and Microsoft demonstrate a hybrid, multi-cloud approach from the satellite operator, looking to make its Starlink system interoperable with different systems.
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.