Satellite IoT Market May Grow to $2.9 Billion by 2027: Report

The Satellite IoT Market is expected to grow from $1.1 billion in 2022 to $2.9 billion by 2027, at a CAGR of 21.9% during the forecast period, according to a new report by MarketsandMarkets. Direct-to-satellite is a reliable solution in times of disasters or natural calamities in areas where fast deployments are required, and not much hardware is availa…