More Satellite IoT Stats - Market To Top 26M Connections, $4Bn Value By 2030
RCRWirelessNews, Wednesday, August 7th, 2024
More satellite IoT stats; following on from yesterday's post, reporting on Juniper Research figures, that the total number of IoT satellites will grow by 150 percent over the next five years, from 10,000 in 2024 to 24,000 in 2029, another analyst group has stuck its finger in the air to say the market will pass 26 million IoT connections by 2030, and top $4 billion in market value in the process.
ABI Research said the satellite IoT market is seeing 'remarkable transformation' because of 'technological advancements' and 'demand for global connectivity'. A new study, available here, claims opportunities in agriculture, energy and utilities, fisheries (and 'aquaculture'), and environmental monitoring industries - basically anywhere not covered by terrestrial IoT networks.