Predictions Show the Market for Satellite Broadband will Reach $20 Billion by 2030
Juniper Research, a global technology strategy firm, has conducted a study that has found that the worldwide satellite broadband segment will generate revenues for providers of this service of about $20 billion in 2030. The revenue prediction for 2025 stands at $10 billion, signifying a two-fold growth expectation in the coming half-decade. The researchers expect this growth in revenue to be fueled by increasing investments in LEO (low-earth orbit) technology. This technology offers providers several advantages, such as cost reductions when launching satellites and improved latency. The researchers pointed out that their projections focused on the use of satellites to…
