The Growing Potential of Satellite IoT in Various Industries
Satellite IoT Market Outlook
ABI Research has issued optimistic projections regarding the satellite IoT market, estimating that it will surpass 26 million connections and reach a value of $4 billion by 2030.
Key Growth Areas
- Farming
- Fisheries
- Utilities
This growth is anticipated in industries like farming, fisheries, and utilities, which often operate in regions not served by traditional terrestrial networks.
Conclusion
The report from ABI Research underscores the unrealized potential of satellite IoT technology in expanding connectivity options for various sectors, presenting a compelling opportunity for investors in this emerging market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.