According to Berg Insight (The Satellite IoT Communications Market 3rd Edition(August 2023)), the number of satellite IoTsubscribers will reach 23.9 million units in 2027 for anestimated revenue of 1.25 billion euros. Terrestrial cellularnetworks cover only 10% of the world’s surface, with areas such as mountains,deserts and oceans still inaccessible to mobile operators’ networks.
This is a major obstacle to the mass deployment of international M2M andIoT projects. However, many applications require global coverage, particularlyin the transport and logistics sectors, agriculture and energy infrastructure (oil, gas, solar, wind) and mining.
Read the full article: https://news.satnews.com/2023/09/28/transatel-signs-3-strategic-partnerships-with-stellar-skylo-and-sateliot/