NSR’s M2M and IoT via Satellite, 11th Edition (M2M11) report, published today, forecasts $12.4 billion in revenues to be generated over the next 10 years.
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?
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.
Leveraging the power of cloud computing and Big Data, data analytics is expected to add value across a range of applications. Will the drive for digitization spanning these market verticals suffice to meet industry expectations of customer demand?
The adoption of Industrial IoT (IIoT) continues to drive the digitization and automation of the commercial transportation sector, whether it is land, maritime or air transport.