Myriota has successfully expanded its satellite IoT connectivity services into the Middle East after graduating from Saudi Arabia's Communications, Space and Technology Commission's regulatory sandbox program. This program aims to foster innovative technological solutions in collaboration with global entities. Analysts predict substantial growth in the satellite IoT sector, forecasting a rise in global revenue from $2.9 billion in 2024 to $5.8 billion by 2027. This growth is driven primarily by the growing demand for connectivity in remote areas, particularly in industries such as mining and maritime.
The satellite IoT sector has emerged as a key growth area in the space-based communications industry, with predicted revenue rising significantly from 2024 to 2027.
Myriota has expanded its IoT connectivity into the Middle East after graduating from Saudi Arabia's CST's regulatory sandbox, highlighting their leadership in satellite IoT solutions.
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