NSR found the Land Mobile via satellite will reach an inflection point where the change in the revenue mix will undergo quite a profound shift from narrowband technologies to broadband platforms and use cases. So, what does this mean for satellite operators and services providers?
With small satellite operators continuing to receive new rounds of funding, and small satellite launches continuing, what impact will this have on existing satellite M2M/IoT market and operators?
NSR’s M2M and IoT via Satellite, 10th Edition (M2M/IoT10) report, published today, forecasts $11.6 billion in revenues will be generated over the next 10 years. All M2M and IoT applications will grow, with total retail revenues to rise at 6.6% CAGR over the coming decade, with a 14% CAGR for in-service M2M/IoT units during this same period. And, while significant attention is paid to emerging IoT smallsat constellations, NSR found MSS and VSAT offerings continue to play a solid role in the M2M/IoT growth story.
Satellite Big Data analytics will reach close to a $3.1 billion revenue opportunity by 2028, with 56% from EO applications & the rest, driven by M2M/IoT satcom applications.
M2M and IoT is exhibiting growth across the globe as more and more things are becoming automated, more devices are connecting to the internet and connected things are contributing a greater proportion than ever to increased economic output across a huge range of industries — from agriculture, to transport to energy, and many, many more..