A report from analysts at Northern Sky Research (NSR) forecasts that satellite-based 5G access could attract 400 millions of subscribers by 2030. The subscribing numbers will be made up of Smartphones and Internet of Things (IoT) devices.
“Beyond traditional telco areas, multiple segments show accelerated growth from transition to 5G, generating $125.5 billion in cumulative service revenues,” states NSR.
“Direct Satellite to Device communications is a game changer for the industry. It instantly opens the door to a huge addressable market as any Mobile Phone or IoT device can roam to a satellite network when moving outside terrestrial coverage.” explains report author Lluc Palerm. “Standardised service orchestration based on 5G is a tremendous opportunity to make satellite easily adoptable by mainstream telcos.”
Palerm added: “For the first time, satellite was not left behind in the definition of mainstream Telco standards. 5G is a once in a lifetime opportunity for Satcom to become integrable with mainstream networks opening a huge addressable market.”