Satellite-based IoT Growth Opportunities Report 2024 - Competitive Data Service Costs, Low-power Wide-area Network Integration, and Ecosystem Consolidation to Drive the Satellite IoT Ecosystem

Dublin, June 25, 2024 (GLOBE NEWSWIRE) -- The "Satellite-based IoT Growth Opportunities" report has been added to's offering.

The Satellite-based IoT sector is poised for unprecedented growth, driven by technological advancements and increasing demand for global connectivity. This study explores the pivotal growth opportunities within the sector, highlighting how innovations in satellite technology, strategic industry convergence, and emerging market dynamics are shaping the future landscape of IoT applications.

As satellite technology becomes more accessible and cost-effective, the expansion of IoT connectivity has reached a critical juncture. Innovations such as low-earth orbit (LEO) satellites and advanced onboard processing capabilities are drastically reducing latency and improving the bandwidth available for IoT communications. This enhancement is crucial for supporting various applications, including precision agriculture, smart city infrastructure, global supply chain management, and remote asset monitoring.

Furthermore, integrating technologies such as Artificial Intelligence (AI) and Machine Learning (ML) are transforming data processing within satellite networks, enabling more efficient handling of the vast data volumes generated by IoT devices. This capability improves the operational efficiency of satellite networks and empowers businesses to derive actionable insights more swiftly, enhancing decision-making processes and operational agility.

Looking ahead, the convergence of satellite IoT with traditional terrestrial networks and the adoption of next-generation connectivity standards like 5G, driven by 3GPP Release 17, are forecasted to further fuel the growth of the satellite IoT sector. These developments enhance the reliability, speed, and cost-efficiency of IoT solutions, offering far-reaching implications for industries looking to expand their digital footprint globally.

As the sector evolves, stakeholders must navigate a complex regulatory landscape and address pressing challenges, such as cybersecurity and data privacy, to fully capitalize on these emerging opportunities.

Key Topics Covered:

Growth Opportunity Analysis

  • Growth Metrics
  • Advancements Driving the Growth of Satellite-based IoT
  • Growth Driver Analysis
  • Growth Restraints Analysis
  • IoT Industrial Application Revenue Forecast
  • IoT Industrial Application Revenue Forecast Analysis
  • Regional Industry Insights
  • Regulatory & Policy Landscape
  • IoT Competitive Environment
  • IoT Service Providers by Frequency Band
  • IoT Industrial Application
  • IoT Satellite Connectivity Subscriptions

Growth Opportunity Universe

  • Growth Opportunity 1: IT/OT Convergence
  • Growth Opportunity 2: Generative AI Integration
  • Growth Opportunity 3: Energy Management
  • Growth Opportunity 4: Hardware Security

List of Exhibits

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