To realise the full benefits of satellite IoT, MNOs (mobile network operators) and SNOs (satellite network operators) must invest in robust cybersecurity solutions that protect network traffic when in transit between satellite and terrestrial technologies, according to a new study from Juniper Research.
Juniper says the study shows that satellite communications add another layer of complexity to IoT solutions with more widely-spread access points to protect; resulting in increased vulnerabilities for network owners.
The study predicts that government and defence will be the market vertical generating the most satellite IoT revenue globally by 2030; accounting for over 20% of revenue.
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“Service providers need to embed cybersecurity over all levels across their networks to safeguard the highly sensitive traffic associated with government and defence. Reinvesting this revenue into advanced network security solutions, such as QKD (quantum key distribution), is essential in attracting a key vertical expected to spend $3.5 billion over the next three years,” stated research author Michelle Joynson.
About the Research
The research suite offers a comprehensive assessment of the satellite IoT market to date, including insightful market analysis and in-depth forecasts for 60 countries. The dataset contains over 143,000 market statistics within a six-year period. It includes a ‘Competitor Leaderboard’ and Country Readiness Index to examine current and future market opportunities.