The Internet of Things (IoT) has been recognized as a key driver of 5G wireless communications. However, there are many use cases such as monitoring of remote areas, Internet provisioning to under-served or disrupted regions, or intelligent global transport management, which require a more global, scalable, flexible, and resilient solution.
Only about 25% of the World’s landmass is served by cell towers. The rest of the land, and all of water mass, have no coverage. To enable massive machine to machine (M2M) connectivity, in remote and rural areas, coverage needs to be available beyond cell towers.
The rising demand for higher bandwidth and the increasing data traffic across various business sectors, coupled with congestion in networks, are some of the drivers substantiating the need for network evolution. Moreover, rapid technological advancements in 5G satellite services in industries around the world are expected to drive the market.