As the connected device market Smallsat ramps up, IoT companies have moved from design plans to real commercial service in the last couple of years, [NSR] noted. In addition to recent satellite launches, an increasing number of partnerships are targeting specific applications, such as mining and agriculture, are also moving ahead. “With these launches and.
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.
Gradual evolution of the industry will continue, now with smallsats as a significant part of it, with advancement in electric propulsion extending the usage of small satellites in GEO and beyond
With so many small launch startups racing towards success on a global scale, the stakes have never been higher to cut through the noise and evaluate all initiatives for probability of success before committing to a launch partner. Well-informed decisions will be critical to all industry players involved (investors, smallsat operators, brokers, and partners) as they will have far-reaching consequences. So, what factors need to be considered and analyzed to help tip the scales when making these decisions?
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.