M2M/IoT via Satellite Grows against Terrestrial Competition

Wilmington, DE, November 4, 2014 – NSR’s newly released 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 US$ 2.4 billion by 2023, over double the revenues in 2013 of US$ 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.”

However, the increasing use of deep analytics to drive business optimization globally, especially in the transportation and cargo verticals, will drive users to next generation L-band systems, and to a lesser degree, HTS systems. This will drive key verticals such as Transportation, Cargo and Military, which together account for 80% of the industry’s revenues, corresponding to over $1.8 billion by 2023. However, Green Energy and Civil Government verticals are expected to have the greatest unit growth – both in double-digits.

NSR’s M2M and IoT via Satellite, 5th Edition report provides not only the most comprehensive analysis of this fundamental satellite telecommunications market, but also introduces an assessment of the terrestrial M2M market. M2M/IoT analyses shifts in revenues, changing end-user requirements and the impact that the increasing dominance of terrestrial networks has on the satellite based M2M ecosystem. This reference for the industry displays current and future requirements, by region and by vertical, offering insight for industry players looking to gain insight to allow for more informed business decisions. Market forecasts and trends are outlined in 10 distinct verticals, plus an assessment on the current and future growth of the Internet of Things via Satellite. This report enables M2M and IoT service providers and satellite operators to protect and expand their market position in both existing and new segments that offer long-term revenue potential. 

For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-302-295-4981.