M2M/IoT via Satellite Grows against Terrestrial Competition

November 3, 2014

M2M and IoT via Satellite, 5th Edition report finds that despite increasing competition from terrestrial competitors, satellite M2M/IoT revenues will continue to grow strongly. NSR forecasts that revenues will exceed $2.4 billion by 2023, over double the revenues in 2013 of $1.1 billion.

Although there are increasing offerings in the terrestrial M2M/IoT sector, with associations between network operators reducing the friction of offering global solutions – especially in the key transportation and cargo sectors – satellite based M2M/IoT services are finding their niche by offering reliable, global services with a single point of contact worldwide. NSR expects this will remain unmatched by the terrestrial sector for years to come. Nowhere is this more pronounced than in Asia and Latin America where terrestrial networks abound; satellite in-service unit growth is forecasted at 12.6% and 9.9% CAGRs respectively.

“Despite the proliferation of 4G LTE networks and expanded footprints, there is no major game changer foreseen over the forecast period” notes Alan Crisp, the study’s author, Analyst for NSR. “The continued low bandwidth requirements for most of the industry allows narrowband L-band systems to remain dominant for the time being and into the future in the face of terrestrial footprint expansion and increasing available bandwidth.”