05 Jan 2023
Low-Earth Orbit (LEO) satellite technology is taking centre stage in the growth of the global satellite communications service market, expected to reach US$40 billion by 2030 at an annual growth rate of 7 per cent, and is forecasted to account for 40 per cent of this market. Besides making satcom more affordable, LEO constellations are more efficient. “As the satellites are located closer to Earth, data can pass from one point on the network to another in a shorter amount of time. This is called latency, which is reduced to as little as 40 milliseconds over a LEO network. In the era of digitalisation, this alone sets LEO operators ahead of the competitive curve, as modern cloud-based applications require low latency by default,” says Nabil Ben Soussia, CCO, IEC Telecom Group. Increased connectivity places a greater emphasis on cyber security. The success of cyber security implementation depends on policies which must be custom-made for each specific case. The role of satcom service operators has, thus, shifted from enablers to consultants, helping customers to maximise digitalisation without exposure to cyber attacks. Moreover, data-driven decision-making allows us to make better operational choices, saving on consumable resources and ultimately contributing to lowering emissions, paving the way for a greener future. It is reported that adoption of digital technologies can reduce carbon emissions by 38 per cent, while enhanced connectivity increases profitability by up to 17 per cent. Read more about using digital products for smarter workflow and sustainable processes in the article below.
