Satellite Data Drives Growth for Downstream Big Data Analytics

NSRs latest report, Big Data Analytics via Satellite, 3rd Edition (BDvS3) found that downstream big data apps continue to be driven by applications powered by Earth Observation and M2M/IoT satcom data. This growth is predicted to continue through the next decade through 2028. According the report big data analytics via satellite will generate nearly $18 billion in cumulative revenues by 2028. The increase in revenue will be due in part to increased demand from the Enterprise, Transportation and Government/Military sectors.Across all use cases, we expect to see a shift in usage towards data analytics applications, driven in particular by increasing adoption of satellite imagery to meet end user business cases,stated Shivaprakash Muruganandham, NSR Analyst and report author.M2M and IoT communications will continue to drive land/maritime transportation and government/military applications.This demand manifests itself in different ways, be it for fleet management solutions, financial instruments, competitive intelligence or business decision tools.