The global satellite services market size is expected to grow from $78.1bn in 2022 to $203.6bn by 2033, growing at a CAGR of 9.1% from 2023 to 2033.
Internet of Things
The partnership signifies a milestone for Thuraya’s IoT ambitions and will be the company’s first investment in a LEO satellite constellation.
According to the report, business leaders have agreed the Internet of Things is critical to improving ESG outcomes (82%) and improving industry trust (81%).
Tata Communications will bring its Cyber Security Operations Centre and managed security services to bolster the cyber defence of enterprises in the UAE.
As a part of the agreement, du and Huawei will deliver the 5G Campus Network Solution and provide 5G key atomic capabilities to Sinotrans.
Thuraya, Yahsat’s mobility business, has also signed a complementary commercial agreement to develop a next-generation IoT platform with eSAT Global.
The first mission under the agreement will launch no sooner than November 2022 on a SpaceX Falcon 9.
