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Satellite IoT Connection Revenue

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Satellite IoT Applications and Services

Report | 2Q 2023 | AN-5815

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ABI Research expects the satellite IoT market to exhibit strong growth over the next few years, with total satellite IoT connection revenue growing from US$2.3 billion to US$9.5 billion between 2022 and 2030 (at a Compound Annual Growth Rate of 19.6%). The main applications identified for satellite IoT in the enterprise domain include fleet management and Condition-Based Monitoring (CBM).