Satellite IoT Market worth $2.9 billion by 2027 – Exclusive Report by MarketsandMarkets™

June 23, 2023 ⚊ 1 Min read ⚊ Views 37 ⚊ NEWS

The Global Satellite IoT Market is expected to grow from USD 1.1 billion in 2022 to USD 2.9 billion by 2027, at a CAGR of 21.9% during the forecast period, according to a new report by MarketsandMarkets™. Direct-to-satellite is a reliable solution in times of disasters or natural calamities in areas where fast deployments are required, and not much hardware is available or possible to arrange, driving the growth of satellite IoT market.

Read details: https://www.prnewswire.com/news-releases/satellite-iot-market-worth-2-9-billion-by-2027---exclusive-report-by-marketsandmarkets-301755228.html

Tags: Satellite IoT Market

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