Satellite IoT Connections, Revenue Seen Growing Through Decade: ABI

Noting cheaper launches and lower capital costs opening the door to more satellite operators offering IoT services, ABI Research said Wednesday satellite IoT connections are expected to jump from 10.4 million in 2022 to 27 million in 2030. It said satellite IoT connection revenue is likely to grow from $2.2 billion last year to $7.8 billion in 2030.