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"The IoT market is experiencing high growth with an expected compound annual growth rate of 15.5 percent during 2016-2020," said Digital Transformation Research Analyst Peter Finalle. "Thus, satellite adoption for this application will also grow at a rapid pace, creating new opportunities for satellite operators around the world."
The main challenges for the satellite IoT market revolve around the high upfront and ownership costs, as well as the complexities associated with integrating the network with customers' legacy IT infrastructure. However, robust benefits, including complete geographical coverage and guaranteed communication, even during disasters, network outages, and cellular dead zones, position satellite communications as a reliable alternative to cellular and landline technologies.
"Satellite has the most significant opportunities when complementing terrestrial land-line and cellular networks instead of competing with them," observed Finalle. "Hybrid solutions can leverage the unique benefits of both technologies, allowing satellite to effectively fill in network gaps and service outages to provide consistent IoT implementations."
Global Satellite Internet of Things (IoT) Market, Forecast to 2022 is part of Frost & Sullivan's Digital Transformation Research Growth Partnership Service program.
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Global Satellite Internet of Things (IoT) Market, Forecast to 2022
Corporate Communications – North America
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