M2M Satellite Communication Market Growth Analysis 2022-28
The global m2m satellite communication market size was valued at USD 3,359 billion in 2021 and is poised to grow at a significant CAGR of 9.4% during the forecast period 2022-28. Machine to machine, or M2M, satellite communication is defined as the transmission of data from remote locations via satellite networks and delivery to the user, who can then respond to the information received. M2M satellite communication can help with distant asset communication. The service makes use of a sensor network and is extremely dependable and cost-effective while also providing widespread coverage.