Sovereign verticals to spend 15 billion on lowearth orbit satellite connectivity by 2030 according to <a href="https://laohu8.com/S/TTGT">TechTarget</a> Inc Omdia analysis
TechTarget Inc.'s Omdia has released a new market analysis forecasting that enterprises with critical connectivity needs will spend $15.3 billion on low-earth orbit $(LEO)$ satellite connectivity by 2030. The report identifies "sovereign verticals"-industries like public safety, defense, transportation, and energy with geographically vast and high-dependency networks-as key drivers of this growth. Broadband connectivity is expected to account for 94% of LEO enterprise revenues, while direct-to-device (D2D) subscriptions will make up the remaining 6%. North America, led by the United States, is projected to remain the largest enterprise satellite market through 2030, although significant growth is anticipated in Oceania, Eastern, and Southeastern Asia, especially China. The analysis also notes that while D2D services are not expected to generate significant direct revenues due to limited use cases, most enterprise demand will focus on convergent, dependable connectivity across multiple technologies.
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