CAMBRIDGE, Mass., Oct. 14, 2020 (GLOBE NEWSWIRE) — NSR’s M2M and IoT via Satellite, 11th Edition (M2M11) report, published today, forecasts $12.4 billion in revenues to be generated over the next 10 years. Although some M2M and IoT applications will be negatively impacted by COVID-19 in the short term, long term prospects look solid; given the overall value proposition and mission-critical features M2M/IoT services provide.
The future growth story, and game change, rests with Smallsats, taking the industry from steady single-digit growth to highly robust CAGRs. Lower price points will unleash unaddressed use cases. Higher volumes will likewise lead to higher ARPUs, changing the overall demand dynamics of numerous verticals. “That is not to say that MSS and VSAT offerings will lose their competitive edge or role in the marketplace. On the contrary, these longstanding platforms will continue to play an enduring role in the M2M/IoT growth story,” states Alan Crisp, NSR Senior Analyst and report lead author.
In terms of key growth verticals to watch out for, Agriculture and Construction will witness the strongest increases. The more traditional vertical segments, notably Transportation & Cargo, along with Energy and Maritime, provide a solid revenue base.
All verticals have specific requirements, and there is no clear line in the sand relegating one platform as the best fit for particular vertical over another. “The technology mix is evolving where the interplay between MSS, VSATs, and Smallsats lead to a competitive landscape where competition could lead to higher penetration of all platforms as customers are given a diverse toolkit to service various requirements,” adds Crisp.
Not everything is rosy, however. Apart from the challenges posed by COVID-19, funding for Smallsat programs, maturing regional or country markets, regulatory challenges, and other macroeconomic factors can all inhibit market growth. One thing remains certain, M2M/IoT is an integral part of enterprise networks and consumer needs, requiring satellite’s ubiquity, instant infrastructure, and network simplicity advantages as part of its core.
About the Report
NSR’s M2M and IoT via Satellite, 11thEdition (M2M11) the industry’s leading resource for assessing the lucrative M2M/IoT market. M2M11 cuts through the hype of small satellite constellations and provides level-headed actionable insights into the future growth of this new market, providing the reader with the best opportunities for growth, and the impact on existing operators and service providers. The report provides deeper insight into this fast-evolving market, keeping readers abreast of recent market movements and deals. It also enables service providers and satellite operators to navigate the M2M and IoT maze to protect and expand their market position in both existing and new segments that offer long-term revenue potential. For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.
Companies and Organizations Mentioned in NSR’s M2M11
Astrocast, CLS, CNES, CPB, Eutelsat, exactEarth, Globalstar, Inmarsat, Iridium Kineis, Kongsberg Digital, KSAT. KVH, Kymeta, Lacuna Space, Lepton Global Solutions, MiniFarm, Miromico, Myriota, Orbcomm, Optus, Saab, Samsung, Spaceflight, Thuraya
NSR is the leading global market research and consulting firm focused on the satellite and space sectors. NSR’s global team, unparalleled coverage and anticipation of trends with a higher degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.
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