The global satellite-enabled IoT services market is expected to grow exponentially in 2021, thanks to the rise of disruptive technologies. One of the key drivers of this growth is the convergence of 5G and IoT, which is proving to be the perfect match for satellite-enabled services.
5G is the fifth generation of mobile networks, offering faster speeds, lower latency, and higher capacity than its predecessors. This technology is set to revolutionize the way we use the internet, enabling new applications and services that were previously impossible. IoT, on the other hand, refers to the network of devices that are connected to the internet, allowing them to communicate with each other and with us.
When these two technologies are combined, they create a powerful platform for satellite-enabled services. Satellites can provide connectivity to remote areas where traditional terrestrial networks are not available, making it possible to connect IoT devices in places that were previously unreachable. This is particularly important for industries such as agriculture, mining, and oil and gas, where IoT devices can be used to monitor and control operations in remote locations.
Satellite-enabled IoT services can also be used to provide connectivity in disaster zones, where terrestrial networks may be damaged or destroyed. In these situations, satellite connectivity can be quickly deployed to provide critical communications and support relief efforts.
Another area where satellite-enabled IoT services are proving to be valuable is in the transportation industry. IoT devices can be used to monitor the condition of vehicles and cargo, providing real-time data on factors such as temperature, humidity, and location. This information can be used to optimize logistics and improve supply chain efficiency, reducing costs and improving customer satisfaction.
The growth of satellite-enabled IoT services is also being driven by the increasing demand for connected devices. According to a report by Ericsson, there will be 29 billion connected devices by 2022, up from 9 billion in 2017. This growth is being fueled by the increasing adoption of smart home devices, wearables, and industrial IoT applications.
Satellite-enabled IoT services are also benefiting from the increasing availability of low-cost, low-power IoT devices. These devices are designed to be used in remote locations and can operate for years on a single battery, making them ideal for use in satellite-enabled applications.
In conclusion, the convergence of 5G and IoT is driving the growth of the global satellite-enabled IoT services market in 2021. This technology is enabling new applications and services that were previously impossible, and is providing connectivity to remote areas where traditional terrestrial networks are not available. As the demand for connected devices continues to grow, we can expect to see even more innovative satellite-enabled IoT services in the years to come.