From LEOs to IoT Solutions: Report Forecasts Satellite Services to Reshape Industries and Connect the Unconnected
DUBLIN, Nov. 3, 2023 /PRNewswire/ -- The "Satellite Services Market by Type (LEO, MEO, and GEO), Communications (Voice and Data), Solutions, Applications, Segments (Consumer, Enterprise, Industrial, and Government), and Industry Verticals 2023 - 2028" report has been added to ResearchAndMarkets.com's offering.
A groundbreaking report has illuminated the path for a revolution in the satellite services market. This comprehensive analysis dives deep into the world of satellite communications and specific solutions, segmenting by consumer, enterprise, industrial, and government customers, as well as by industry verticals. The report covers Internet access, asset tracking, surveillance, and IoT applications, with insights into satellite types (LEO, MEO, and GEO) and business services.
Satellite Broadband: Transforming Connectivity
Satellite broadband technology is on an exponential growth trajectory, offering versatile applications such as:
Internet of Things and People (IoTP) Solution
Satellite services enable the emergence of combined Machine-to-Machine (M2M) and people-oriented services, creating a global-scale IoTP ecosystem. This encompasses interactions between people and things, bridging the physical and cyber worlds.
Business Drivers for Satellite Communications
Satellites offer coverage where terrestrial wireless falls short, with approximately 84% of the globe uncovered by land-based wireless networks. Verticals like maritime and asset management depend on global coverage, vital as shipping transitions to autonomous transport and asset tracking evolves.
Satellite services play a pivotal role in industries requiring continuous network coverage, including oil & gas, hybrid transportation networks, and mission-critical services. They also serve as a backup during terrestrial service outages.
While satellite services have challenges like cost and signal latency, LEO satellites are poised to address latency issues. Smaller, cost-effective LEOs with low latency promise to bridge the digital divide more efficiently than traditional GEO satellites.
The Future of Satellite Services
The satellite services market is on the cusp of transformative growth, with LEOs and innovative solutions reshaping industries, connecting the world's remote regions, and driving economic development.
Key Topics Covered:
1.0 Executive Summary
3.0 Satellite Services Industry
4.0 Satellite Services Case Study
5.0 Satellite Companies
6.0 Satellite Service Market Analysis and Forecasts 2023 - 2028
7.0 Satellites Market for 5G Applications and Services 2023 - 2028
8.0 Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/e7w6df
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