The global satellite IoT communications market is set to grow at a compound annual growth rate (CAGR) of 39.2%, reaching 26.7 million units by 2028, covering vast areas lacking terrestrial connectivity.
Iridium leads the satellite IoT network operators with a 17% growth, serving 1.8 million subscribers. Orbcomm is transitioning to a solution provider while also partnering with others like Viasat.
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