The Satellite Big Data market is still in its infancy, with the landscape of players ever evolving. The COVID-19 pandemic threw geospatial applications into the spotlight this past year, when most of the world’s workforce went remote, and multiple industries looked towards digitizing their operations.
MSS satellite services, and smallsats are generally the main focus for M2M and IoT nowadays, with narrowband applications being well suited to these technology types. However, NSR also covers the Ku-band and VSAT M2M/IoT markets, which currently take up approximately 21% of overall revenues for satcom M2M/IoT.
M2M and IoT over satellite have mainly been implemented in cargo and transport applications, as well as in energy markets. However, one application (agriculture) is expected to buck the existing trend and achieve outsized returns…how can operators capture this growth, and excel in this increasingly competitive market?
M2M and IoT via satellite has traditionally been dominated by industrial applications, with Transportation, Cargo, Maritime and Energy sectors all primary subscribers to satcom M2M and IoT services.
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.