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The satellite-enabled iot market size is forecast to increase by USD 2.31 billion at a CAGR of 21.92% between 2024 and 2028. The expansion of the market is influenced by several key factors, with the growing reach of the Internet playing a central role in driving connectivity and digital transformation across various industries. The rise of Low Earth Orbit (LEO)-based satellite services is particularly significant in extending Internet access to remote and underserved areas, promoting inclusivity and improving access to information. Additionally, large enterprises are increasingly adopting satellite-enabled Internet of Things (IoT) solutions, which enhance operational efficiency and open new avenues for data-driven decision-making.
This growing reliance on satellite technology highlights its importance in enabling seamless connectivity, allowing businesses to leverage IoT for innovation and growth. As these trends continue to unfold, satellite-based services are expected to have a profound impact on the future of global connectivity and digitalization, shaping industries and economies around the world.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Market Segmentation by Service
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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