Global iot market to surpass $1 trillion mark by 2024 says GlobalData
With IoT technology, we can not only manage our homes, our car or our cities, but also critical elements of our economy such as the global supply chain, our energy grid, our public infrastructure, agriculture, environment monitoring or water management structures..
The internet of things revolution
The Internet of Things (IoT) is a new generation of “smart” technology that is emerging in all sectors in society.
We have IoT in the house like our central heating or the
home security system. We have it in the car to guide us through
Companies, businesses and organizations rely on IoT to track, monitor and manage assets, ensure the safety of their workers, and improve remote operations.
Governments, utility companies, water and energy infrastructure are monitored and managed with IoT.
IoT needs connectivity however and both the wifi/bleuthooth in your house and the terrestrial telecom networks like 2G/3G/4G/5G cellular cover only 10- 15 percent of the planet,
That is were satellite comes in, and with it a new IoT category emerged: satellite IoT.