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.
An NSR Analysis: The growing involvement in SATCOM Satcom IoT is going from strength to strength, and not showing any signs of stopping, with NSR expecting growth to continue over the coming decade across a wide range of 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..
For decades there has been a plethora of ways to connect M2M and IoT devices – satellite, GSM 2G, LTE, NB-IoT and LPWA. Satellite-based M2M has gone from strength to strength throughout the development of all these new forms of IoT connectivity. With a 5G world around the corner, will satellite-based M2M/IoT finally meet its.