Analysts say the smallsat IoT business is on the way to becoming a $1 billion market in the next 10 years. New Space startups in this area are increasing their momentum building constellations and developing technologies to connect devices in remote areas outside the bounds of terrestrial networks.
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The IoT Low-Earth services are contributing to the acceleration of satellite connectivity. And I would not be surprised if the number of IoT devices connected by satellites would exceed 100 million devices before the end of the decade.