New space-as-a-service (SaaS) business models have vastly expanded the market, offering more customers the benefits of space infrastructure without the burdens of satellite manufacturing, launch, regulations or other technical intricacies. SaaS offerings from companies including Spire Global, SSTL, Momentus and Loft Orbital Solutions — which participated in a Northern Sky Research panel for the virtual conference, aim.
In a day and age where every part of the enterprise and government services operations is moving to the era of digitalization, the appearance of software as a dominant driver of changes is making more sense every day. And with this dominance comes new business models that are making their way even into the space.
The rate of technological change in connectivity including software-defined satellite is picking up, suggesting that adaptation points to revenue growth over the long term. The reduced costs of launch represent a key factor in the trend of increasing technology as reusable launch vehicles, NSR commented on these developments..