Smallsats a Big Change for MSS IoT
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: Satellite M2M/IoT a $11.6 Billion Market Over Next Decade
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.