Data to Eclipse Video in Importance to Satcom: Novaspace
Data applications should surpass video services as the chief revenue stream for satellite communications operators by 2033, Novaspace said last week. Data's share of total service revenue is likely to rise from 21% last year to 55% by 2034, it…
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said. That rebalancing of the satellite communications marketplace is being driven by non-geostationary orbit constellations, falling capacity prices and surging demand across data segments, it said. Novaspace projected that satcom revenue will increase from $101 billion in 2024 to $122 billion by 2034, with growth coming from data services, which are expected to triple to $67 billion over the next decade.