The world of connectivity is evolving, and satellite Internet of Things (IoT) is at the forefront. Businesses today depend on satellite-enabled IoT to bridge gaps where terrestrial networks falter. Remote farms, ocean-bound cargo, and rugged industrial sites are just a few examples of operations that struggle to maintain uninterrupted connectivity with cellular-only solutions. Satellite-supported IoT devices can even extend beyond traditional enterprise applications, as evidenced by the use of Globalstar’s satellite transmitter chip for animal monitoring.

According to ABI Research's Satellite Communications: IoT Deployments & Subscriptions market data, the total number of satellite IoT connections will nearly triple from 10 million in 2024 to 28 million in 2030. The majority of these deployments are in GEO constellations, although LEO is going to account for 40% of deployments by the decade's end. 

The year 2024 provided numerous technology trends shaping the future of nearly every industry. ABI Research analysts have been covering these developments for some time, and now it’s time to reflect upon our studies in our annual trends whitepaper. Before we dive into the list, here’s a statement from Stuart Carlaw, Chief Research Officer:

Fleet management has experienced transformational advancements in digitalization over the past 2 decades. Primordial applications like vehicle tracking have evolved into real-time performance monitoring and video telematics. Current technology providers are continuing to push the innovation envelope, driving fleet management into another era of transformation.

IoT Market Size Is Forecast to Nearly Double by 2030

Working in a competitive industry demands that you become a data-driven organization. As a technology solution provider, effectively leveraging data can unlock significant advantages, such as driving market expansion and fostering innovation. Unfortunately, all too many companies lack an analytical approach to decision-making.

The business case for 4G/5G private wireless networks has been established across the Industrial Internet of Things (IIoT) markets, evidenced by increased adoption in recent years. Private cellular network operators offer mobile services and technical specifications focused on specific industries and regions, resulting in more tailored network deployments than what you might get with a consumer-focused operator.

Numerous types of Internet of Things (IoT) connectivity technologies exist, some well-established and others just emerging in the market. Choosing a wireless solution is one of the most important decisions a company makes when deploying IoT devices. The network capabilities of the many wireless technologies can vary greatly, making it imperative to ensure the right solution is being selected for your unique IoT environment. At the same time, wireless connectivity vendors must understand how their solution(s) hold up against the competition.

Few technologies receive as much attention today as the Internet of Things (IoT). IoT adoption goes hand-in-hand with a company’s digitization efforts, providing actionable insight and real time data into operations. IoT devices and service use cases continue to expand and offer organizations essential data to improve how they do business. As solution providers compete with one another to differentiate their offerings, several IoT trends are emerging. Here are five of those key trends to track in 2024, as reported in ABI Research’s 82 Technology Trends That Will—And Will Not—Shape 2024. Before we look into our analysts’ future predictions, let’s review some of the most notable IoT statistics our analysts have compiled.

If your business uses a video surveillance system, it’s likely deployed on-premises. I also bet that your company outsources installation and maintenance services to a System Integrator (SI). If this sounds like your company, you’re not alone; most businesses today operate surveillance operations this way. However, cloud video surveillance solutions are reshaping the commercial surveillance industry. Cloud-based camera solutions allow Small and Medium Enterprises (SMEs) to leverage advanced surveillance features conveniently and cost-effectively. Security and business outcomes once unimaginable for smaller companies are now within arm’s reach.

For the past 2 decades, the video surveillance market has seen a swift migration from analog and Closed-Circuit Television (CCTV) cameras to Internet Protocol (IP) cameras. Today’s IP cameras are cheaper, more powerful, and have greater intelligence than legacy cameras, providing significant value to security departments and business units. Now a staple in commercial surveillance, video analytics extends beyond its historical home in security departments. Thanks to advancements in Artificial Intelligence (AI) and edge computing, customers can leverage a new and improved form of this technology, often called intelligent video analytics. Intelligent video analytics software leverages AI and Computer Vision (CV) to detect objects, people, activities, etc. This is a game-changer for businesses, as it transforms their camera platforms into data-gathering Internet of Things (IoT) devices that send alerts and notifications, which can then be turned into actionable insight.