Global Satellite Enabled IoT Software Market Overview:
Internet of Things is revolutionizing. With IoT, varied devices like smartphones and alternative wearable devices are interconnected with homes, cities, and vehicles to gather a large quantity of information, which is to analyzed and processed for even higher and increased communication. However, devices on the bottom possess restricted capabilities and geographical reach. Mounting demand for connections with remote locations has been instrumental in the development of the satellite-enabled IoT market. The satellite-enabled IoT software system market share conjointly gets a lift from the increasing integration of 5G networks and satellites to facilitate connected environments, machine learning, and blockchain and quantum Solutions for secure satellite IoT operations. Some of the players profiled in the study are Eutelsat Communications SA (France), Kepler Communications, Inc. (Canada), Inmarsat Global Limited (United Kingdom), SES S.A. (Luxembourg), Maxar Technologies (United States), SpaceX (United States), Lockheed Martin Corporation (United States), Thales Group (France), Thuraya Telecommunications Company (UAE) and Northrop Grumman (United States).
On the basis of geography, the market of Satellite Enabled IoT Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Satellites, the sub-segment i.e. GEO Satellite will boost the Satellite Enabled IoT Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. Cloud-Based will boost the Satellite Enabled IoT Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Demand for Connections with Remote Locations through Accessible Devices
- Global Consumer Demand for Lower Data Charges in Order to Access Web Services
Influencing Trend
- Setting Up Satellite-Enabled IoT Solutions To Help Multiple Public Sectors And Enterprises To Access Remote Location Across the Region
Restraints
- Cyber Threats and Physical Damage Risks Involved In Addition To Loss of Power, Aging, and External Attack
Opportunities
- High and Uprising Demand for High-Speed Internet, Secured and Cost-Effective Data Connection
Challenges
- The Loss of Path for Data Transmission due to Longer Coverage Distance
In Feb. 2021, Eutelsat Communications, and TelOne (Pvt) Limited, one of Zimbabwe’s leading web Service suppliers, have signed a master service agreement to bring high-quality satellite broadband to Zimbabwe. Underneath the terms of the multi-year agreement with Eutelsat’s broadband division, Konnect Africa, starting in March 2021, TelOne (Pvt) limited can leverage the operational flexibility and power of the EUTELSAT KONNECT satellite to bring the property to households and businesses situated in remote and rural locations across Zimbabwe.
The Department of Telecommunications (DoT), Referred vide letter dated 23rd November 2020 (Annexure 1), under section 11(1) (a) of the TRAI Act: to furnish Suggestions on the Licensing framework to enable the provisioning of satellite-based low bit-rate applications for both commercials as well as captive usage.
The global market for Satellite Enabled IoT Software is fragmented by key players owing to the growing demand for high-speed internet connectivity, secured data transmission, and widespread coverage. The Emerging player should focus upon the R&D for lowering the cost for efficient services in order to provide and capture the market in remote area network services.
Target Audience:
Satellite Enabled IoT Software Providers, Cloud Service Providers, Software Service Providers, Data Analytics Firms, Research Firms and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Satellite Enabled IoT Software market on the basis of product [C-band, Ku-band and Ka-band] , application [Transport & Logistics, Telecommunications, Military, Aerospace and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Satellite Enabled IoT Software market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Satellite Enabled IoT Software industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are NanoAvionics (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Satellite Enabled IoT Software market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.