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Nanosats and new use cases will propel satellite IoT to $5.9bn by 2025

Very small satellites, and new use cases in the Internet of Things (IoT), are creating an expanded role for satellite players in the wireless market. But it may not be the traditional operators which take all the spoils. While cellular and satellite communities bicker over midband spectrum allocations for mobile broadband, in lateral markets like rural backhaul and the IoT, satellite is carving out new service models which will often complement those of the MNOs. The satellite IoT market, according to a forecast by Rethink IoT (RIoT), will be worth $5.9bn by 2025, including hardware and connectivity fees, with a base of 30.3m devices. It will take off in earnest from 2021, but incumbent satellite providers will come under pressure…

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