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Satellite IoT Market Share
- Report ID: GMI5703
- Published Date: May 2023
- Report Format: PDF
Satellite IoT Market Share
The major companies operating in the satellite IoT market include :
- Vodafone
- Inmarsat Global
- Iridium Communication
- Eutelsat
- Kepler Communication
- I.M.T. Srl
- OQ Technology
- Astrocast
These players are focused on enhancing satellite IoT efficiency across several industries.
Frequently Asked Questions (FAQ) :
Satellite IoT industry size was over USD 900 million in 2022 and will record over 20% CAGR between 2023 and 2032 due to increasing adoption of IoT technology by businesses and organizations.
Large enterprises held more than 70% of the satellite IoT market share in 2022 drive by the growing investments in IoT technology.
Satellite IoT market share from the backhaul segment is expected to record over USD 2 billion by 2032 on account of the rising demand for satellite connectivity to transmit data from remote IoT devices to the cloud.
North America market for satellite IoT will exceed USD 1.5 billion by 2032 owing to the rising adoption in the transportation, energy, and agriculture sectors.
Satellite IoT Market Scope
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