A quick peek into the report
Table of Contents
1.1 Industry Outlook
1.1.1 Satellite-Based Cloud Computing Market: An Overview
1.1.2 Terrestrial Cloud Computing Services Market
1.1.3 Emerging Satellite Constellations for Space-Based Cloud Computing Solutions, 2023-2032
1.1.4 Current and Future Technological Trends
1.1.4.1 Grid Computing
1.1.4.2 Solid-State Drive (SSD)
1.1.4.3 Smart Satellites
1.1.4.4 Software-Defined Satellites
1.1.4.5 AI-Based Sensors
1.1.4.6 Single-Board Computer (SBC) for Space Missions
1.1.5 Pricing Analysis: Terrestrial vs. Satellite-Based Cloud Computing
1.1.6 Evolving End-User Requirements
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Rising Concern around End-User Data and Privacy
1.2.1.2 Increased Migration of Applications to the Cloud
1.2.1.3 Increasing Adoption of Technologies such as Artificial Intelligence, Machine Learning, 5G, and IoT
1.2.1.4 Increasing Need for Accessing Data Anytime and Anywhere
1.2.2 Business Challenges
1.2.2.1 Delay in Deployment of Constellation
1.2.2.2 Existing User Experience with Terrestrial Cloud Computing Will Keep End Users Away from Using Satellite-Based Cloud Computing
1.2.2.3 Vulnerability of End Users to Losing Access to the Service
1.2.2.4 Impact of Latency on Satellite Communication
1.2.3 Business Opportunities
1.2.3.1 Investment Opportunity for Tech Investors
1.2.3.2 Solution Scaling Up Opportunities for Terrestrial CSPs
1.3 Business Strategies
1.3.1 Partnerships, Collaborations, Agreements, and Contracts
1.3.2 Mergers and Acquisitions
2.1 Global Satellite-Based Cloud Computing Market (by End User)
2.1.1 Overview
2.1.2 Commercial
2.1.3 Civil Government
2.1.4 Defense
2.2 Global Satellite-Based Cloud Computing Market (by Application)
2.2.1 Overview
2.2.1.1 Demand Analysis of Satellite-Based Cloud Computing Market (by Application)
2.2.2 Secured Data Services
2.2.3 Government/Military
2.2.4 Entertainment
2.2.5 Meeting Platforms
2.2.6 Social Media Platforms
2.2.7 Management Information Systems
2.2.8 E-Commerce Platforms
2.2.9 Healthcare
2.2.10 Software-as-a-Service (SaaS)
2.2.11 Infrastructure-as-a-Service
2.2.12 Platform-as-a-Service
3.1 Global Satellite-Based Cloud Computing Market (by Product)
3.1.1 Market Overview
3.1.1.1 Demand Analysis of Satellite-Based Cloud Computing Market (by Product)
3.1.2 Data Handling Unit
4.1 Global Satellite-Based Cloud Computing Market (by Region)
4.2 North America
4.2.1 Market
4.2.1.1 Key Cloud Service Providers in North America
4.2.2 Application
4.2.2.1 North America Satellite-Based Cloud Computing Market (by End User)
4.2.3 Product
4.2.3.1 North America Satellite-Based Cloud Computing Market (by Product)
4.2.4 North America (by Country)
4.2.4.1 U.S.
4.2.4.1.1 Market
4.2.4.1.1.1 Key Satellite Operators and Cloud Service Providers in the U.S.
4.2.4.1.2 Application
4.2.4.1.2.1 U.S. Satellite-Based Cloud Computing Market (by End User)
4.2.4.1.3 Product
4.2.4.1.3.1 U.S. Satellite-Based Cloud Computing Market (by Product)
4.3 Europe
4.3.1 Market
4.3.1.1 Key Satellite Operators and Cloud Service Providers in Europe
4.3.2 Application
4.3.2.1 Europe Satellite-Based Cloud Computing Market (by End User)
4.3.3 Product
4.3.3.1 Europe Satellite-Based Cloud Computing Market (by Product)
4.3.4 Europe (by Country)
4.3.4.1 U.K.
4.3.4.1.1 Market
4.3.4.1.1.1 Key Satellite Operators and Cloud Service Providers in the U.K.
4.3.4.1.2 Application
4.3.4.1.2.1 U.K. Satellite-Based Cloud Computing Market (by End User)
4.3.4.1.3 Product
4.3.4.1.3.1 U.K. Satellite-Based Cloud Computing Market (by Product)
4.3.4.2 Germany
4.3.4.2.1 Market
4.3.4.3 France
4.3.4.3.1 Market
4.3.4.3.1.1 Key Satellite Operators and Cloud Service Providers in France
4.3.4.4 Rest-of-Europe
4.3.4.4.1 Market
4.3.5 Product
4.3.5.1 Rest-of-the-Europe Satellite-Based Cloud Computing Market (by Product)
4.4 Asia-Pacific
4.4.1 Market
4.4.2 Market
4.4.2.1 Key Satellite Operators and Cloud Service Providers in Asia-Pacific
4.4.3 Application
4.4.3.1 Asia-Pacific Satellite-Based Cloud Computing Market (by End User)
4.4.4 Product
4.4.4.1 Asia-Pacific Satellite-Based Cloud Computing Market (by Product)
4.4.5 Asia-Pacific (by Country)
4.4.5.1 China
4.4.5.1.1 Market
4.4.5.1.1.1 Key Satellite Operators and Cloud Service Providers in China
4.4.5.1.2 Application
4.4.5.1.2.1 China Satellite-Based Cloud Computing Market (by End User)
4.4.5.1.3 Product
4.4.5.1.3.1 China Satellite-Based Cloud Computing Market (by Product)
4.4.5.2 India
4.4.5.2.1.1 Key Satellite Operators and Cloud Service Providers in India
4.4.5.3 Rest-of-Asia-Pacific
4.4.5.3.1 Market
4.4.5.3.2 Application
4.4.5.3.2.1 Rest-of-Asia-Pacific Satellite-Based Cloud Computing Market (by End User)
4.4.5.3.3 Product
4.4.5.3.3.1 Rest-of-Asia-Pacific Satellite-Based Cloud Computing Market (by Product)
4.5 Rest-of-the-World
4.5.1 Market
5.1 Competitive Benchmarking
5.2 Key Satellite-Based Cloud Service Providers
5.2.1 Cloud Constellation Corporation (SpaceBelt)
5.2.1.1 Company Overview
5.2.1.1.1 Role of Cloud Constellation Corporation in the Global Satellite-Based Cloud Computing Market
5.2.1.1.2 Service Portfolio
5.2.1.2 Business Strategies
5.2.1.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.1.3 Analyst View
5.2.2 LEOcloud, Inc.
5.2.2.1 Company Overview
5.2.2.1.1 Role of LEOcloud, Inc. in the Global Satellite-Based Cloud Computing Market
5.2.2.1.2 Service Portfolio
5.2.2.2 Business Strategies
5.2.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.2.3 Analyst View
5.2.3 Ramon.Space
5.2.3.1 Company Overview
5.2.3.1.1 Role of Ramon.Space in the Global Satellite-Based Cloud Computing Market
5.2.3.1.2 Product Portfolio
5.2.3.2 Business Strategies
5.2.3.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.2.3.3 Analyst View
5.3 Key Satellite Operators (Constellation)
5.3.1 Aistech Space
5.3.1.1 Company Overview
5.3.1.1.1 Role of Aistech Space in the Global Satellite-Based Cloud Computing Market
5.3.1.1.2 Solution Portfolio
5.3.1.2 Analyst View
5.3.2 Astrocast
5.3.2.1 Company Overview
5.3.2.1.1 Role of Astrocast in the Global Satellite-Based Cloud Computing Market
5.3.2.1.2 Product Portfolio
5.3.2.2 Business Strategies
5.3.2.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.2.3 Analyst View
5.3.3 BlackSky Technology Inc.
5.3.3.1 Company Overview
5.3.3.1.1 Role of BlackSky Technology Inc. in the Global Satellite-Based Cloud Computing Market
5.3.3.1.2 Product Portfolio
5.3.3.2 Business Strategies
5.3.3.2.1 New Product Launches
5.3.3.3 Analyst View
5.3.4 Capella Space
5.3.4.1 Company Overview
5.3.4.1.1 Role of Capella Space in the Global Satellite-Based Cloud Computing Market
5.3.4.1.2 Product Portfolio
5.3.4.2 Business Strategies
5.3.4.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.4.3 Analyst View
5.3.5 Starlink (Space Exploration Technologies Corporation)
5.3.5.1 Company Overview
5.3.5.1.1 Role of Starlink in the Global Satellite-Based Cloud Computing Market
5.3.5.1.2 Product Portfolio
5.3.5.2 Business Strategies
5.3.5.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.5.3 Analyst View
5.3.6 Kuiper Systems LLC
5.3.6.1 Company Overview
5.3.6.1.1 Role of Kuiper Systems LLC in the Global Satellite-Based Cloud Computing Market
5.3.6.1.2 Product Portfolio
5.3.6.2 Analyst View
5.3.7 OneWeb
5.3.7.1 Company Overview
5.3.7.1.1 Role of OneWeb in the Global Satellite-Based Cloud Computing Market
5.3.7.1.2 Product Portfolio
5.3.7.2 Business Strategies
5.3.7.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.7.3 Analyst View
5.3.8 Planet Labs PBC
5.3.8.1 Company Overview
5.3.8.1.1 Role of Planet Labs PBC in the Global Satellite-Based Cloud Computing Market
5.3.8.1.2 Product Portfolio
5.3.8.2 Business Strategies
5.3.8.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.8.3 Analyst View
5.3.9 Satellogic
5.3.9.1 Company Overview
5.3.9.1.1 Role of Satellogic in the Global Satellite-Based Cloud Computing Market
5.3.9.1.2 Product Portfolio
5.3.9.2 Business Strategies
5.3.9.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.9.3 Analyst View
5.3.10 Spire Global, Inc.
5.3.10.1 Company Overview
5.3.10.1.1 Role of Spire Global, Inc. in the Global Satellite-Based Cloud Computing Market
5.3.10.1.2 Product Portfolio
5.3.10.2 Business Strategies
5.3.10.2.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
5.3.10.3 Analyst View
5.4 Key Terrestrial Cloud Service Providers (TCSPs)
5.4.1 Amazon Web Services, Inc.
5.4.1.1 Company Overview
5.4.1.1.1 Role of Amazon Web Services, Inc. in the Global Satellite-Based Cloud Computing Market
5.4.1.1.2 Solution Portfolio
5.4.1.2 Analyst View
5.4.2 Microsoft Azure
5.4.2.1 Company Overview
5.4.2.1.1 Role of Microsoft Azure in the Global Satellite-Based Cloud Computing Market
5.4.2.1.2 Product Portfolio
5.4.2.2 Analyst View
5.4.3 Google Cloud Platform
5.4.3.1 Company Overview
5.4.3.1.1 Role of Google Cloud Platform in the Global Satellite-Based Cloud Computing Market
5.4.3.1.2 Product Portfolio
5.4.3.2 Analyst View
6.1 Factors for Data Prediction and Modeling
7.1 Growth Opportunity 1: Investment Opportunity for Satellite-Based Cloud Computing Market
7.1.1 Recommendation
7.2 Growth Opportunity 2: Market Expansion for Terrestrial-Based Cloud Computing Providers
7.2.1 Recommendation
7.3 Growth Opportunity 3: Market Expansion for Terrestrial Server Farm Hardware Suppliers
7.3.1 Recommendation
Table 1: Emerging Satellite Constellations for Space-Based Cloud Computing
Table 2: Satellite-Based Cloud Computing, Price per GB ($Million), 2021
Table 3: Terrestrial-Based Cloud Computing, Price per GB ($), 2021
Table 4: Partnerships, Collaborations, Agreements, and Contracts, January 2020-November 2022
Table 5: Mergers and Acquisitions, January 2020-November 2022
Table 6: Global Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 7: Global Satellite-Based Cloud Computing Market (by Product), 2021-2032
Table 8: Global Satellite-Based Cloud Computing Market (by Region), $Million, 2021-2032
Table 9: North America Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 10: North America Satellite-Based Cloud Computing Market (by Product), $Million, 2021-2032
Table 11: U.S. Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 12: U.S. Satellite-Based Cloud Computing Market (by Product), $Million, 2021-2032
Table 13: Europe Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 14: Europe Satellite-Based Cloud Computing Market (by Product), $Million, 2021-2032
Table 15: UK Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 16: U.K. Satellite-Based Cloud Computing Market (by Product), $Million, 2021-2032
Table 17: Future Satellite Launches by SES S.A.
Table 18: Rest-of-the-Europe Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 19: Rest-of-the-Europe Satellite-Based Cloud Computing Market (by Product), $Million, 2021-2032
Table 20: Asia-Pacific Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 21: Asia-Pacific Satellite-Based Cloud Computing Market (by Product), $Million, 2021-2032
Table 22: China Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 23: China Satellite-Based Cloud Computing Market (by Product), $Million, 2021-2032
Table 24: Rest-of-the-Asia-Pacific Satellite-Based Cloud Computing Market (by Application), $Million, 2021-2032
Table 25: Rest-of-Asia-Pacific Satellite-Based Cloud Computing Market (by Product), $Million, 2021-2032
Table 26: Benchmarking and Weightage Parameters
Table 27: Cloud Constellation Corporation: Service Portfolio
Table 28: Cloud Constellation Corporation: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 29: LEOcloud, Inc.: Service Portfolio
Table 30: LEOcloud, Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 31: Ramon.Space: Product Portfolio
Table 32: Ramon.Space: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 33: Aistech Space: Solution Portfolio
Table 34: Astrocast: Product Portfolio
Table 35: Astrocast: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 36: BlackSky Technology Inc.: Product Portfolio
Table 37: BlackSky Technology Inc.: New Product Launches
Table 38: Capella Space: Product Portfolio
Table 39: Capella Space: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 40: Starlink: Product Portfolio
Table 41: Starlink: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 42: Kuiper Systems LLC: Product Portfolio
Table 43: OneWeb: Product Portfolio
Table 44: OneWeb: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 45: Planet Labs PBC: Product Portfolio
Table 46: Planet Labs PBC: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 47: Satellogic: Product Portfolio
Table 48: Satellogic: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 49: Spire Global, Inc.: Product Portfolio
Table 50: Spire Global, Inc.: Partnerships, Collaborations, Agreements, Investments, and Contracts
Table 51: Amazon Web Services, Inc.: Solution Portfolio
Table 52: Microsoft Azure: Product Portfolio
Table 53: Google Cloud Platform: Product Portfolio
Figure 1: Global Satellite-Based Cloud Computing Market, $Million, 2021-2032
Figure 2: Global Satellite-Based Cloud Computing Market (by Application), $Million, 2021 and 2032
Figure 3: Global Satellite-Based Cloud Computing Market (by Product), $Million, 2021 and 2032
Figure 4: Global Satellite-Based Cloud Computing Market (by Region), $Million, 2032
Figure 5: Global Satellite-Based Cloud Computing Market Coverage
Figure 6: Global Satellite-Based Cloud Computing Market, Business Dynamics
Figure 7: Global Satellite-Based Cloud Computing Market (by End User)
Figure 8: Global Satellite-Based Cloud Computing Market (by Application)
Figure 9: Global Satellite-Based Cloud Computing Market Players, Benchmarking Score, 2021
Figure 10: Research Methodology
Figure 11: Top-Down and Bottom-Up Approach
Figure 12: Assumptions and Limitations
Market Report Coverage
Satellite-Based Cloud Computing Market |
|||
Base Year |
2021 |
Market Size in 2022 |
$368.3 Million |
Forecast Period |
2022-2032 |
Value Projection and Estimation by 2032 |
$472.6 Million |
CAGR During Forecast Period |
2.53% |
Number of Tables |
53 |
Number of Pages |
122 |
Number of Figures |
12 |
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the companies’ coverage, product portfolio, and market penetration.
Key Companies Profiled
Key Satellite-Based Cloud Service Providers
• Cloud Constellation Corporation (SpaceBelt)
• LEOcloud, Inc.
• Ramon.Space
Key Satellite Operators (Constellation)
• Aistech Space
• Astrocast
• BlackSky Technology Inc.
• Capella Space
• Starlink (Space Exploration Technologies Corporation)
• Kuiper Systems LLC
• OneWeb
• Planet Labs PBC
• Satellogic
• Spire Global, Inc.
Key Terrestrial Cloud Service Providers (TCSPs)
• Amazon Web Services, Inc.
• Microsoft Azure
• Google Cloud Platform
How can this report add value to an organization?
Product/Innovation Strategy: The product segment aids the reader understand the different types of satellite-based cloud computing and their potential globally. Additionally, the study provides the reader a detailed understanding of the different satellite-based cloud computing based on end user (commercial, civil government, defense), application (secured data services, government/military, entertainment, meeting platforms, social media platforms, management information systems, e-commerce platforms, healthcare, software-as-a-service, platform-as-a-service, infrastructure-as-a-service), product (data handling units).
Growth/Marketing Strategy: The global satellite-based cloud computing market has witnessed major development by key players operating in the market, such as business expansion, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracts, enabling them to strengthen their positions in the global satellite-based cloud computing market. For instance, in October 2022, Cloud Constellation Corporation partnered with Addvalue Innovation Pte Ltd to focus on the development of satellite products and services in support of Cloud Constellation’s SpaceBelt data security as a service (DsaaS) cloud service.
Competitive Strategy: The key players in the global satellite-based cloud computing market analyzed and profiled in the study involve satellite-based cloud computing service providers that provide cloud computing services. Moreover, a detailed competitive benchmarking of the players operating in the global satellite-based cloud computing market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Satellite-Based Cloud Computing Industry and Technology Overview
The global satellite-based cloud computing market is estimated to reach $472.6 million in 2032 from $368.3 million in 2022, at a growth rate of 2.53% during the forecast period 2022-2032. The growth in the global satellite-based cloud computing market is expected to be driven by increasing migration of applications to cloud as well as rising concerns around user end data and privacy across the globe. The global space economy has been growing owing to the increasing requirement for satellite-based connectivity services across different applications such as communication, navigation, Earth observation, and internet connectivity. The growing need for fast and accurate hybrid data protection solutions owing to the increase in the number of cyberattacks is propelling the demand for the satellite-based cloud computing market.
Satellite-Based Cloud Computing Market Lifecycle Stage
The market demand for satellite-based cloud computing is expected to propel over the forecast period 2022-2032, owing to an increase in the number of proposed communication satellites and secured data services among end-users. The application of small satellites, such as Earth observations, asset tracking, the Internet of Things (IoT), communications, and space exploration, is increasing the number of satellites launched per year. Cloud computing has emerged as a significant component of digital technology and a pillar of the digital economy. End users are adopting cloud computing services to reduce their IT cost, which includes the cost of IT infrastructure, IT employee salary, and maintenance costs. It improves data privacy and security, reduces latency, and enhances resilience.
Rapid digitization is supporting organizations to modernize their infrastructure landscape and application to drive business agility and cost efficiency. By adopting cloud solutions and services, organizations avoid the latency of the network, move business workloads to a cloud platform, and support their key business activities effectively.
Data privacy and security are the key concerns among enterprises wherein data storage and distribution are digitally protected. Satellite-based cloud computing mitigates the challenge of data security and privacy, which enables improved cybersecurity for its end users, prominently the banking, financial services, and insurance (BFSI) sector.
Global Satellite-Based Cloud Computing Market, $Million, 2021-2032
Impact
The global satellite-based cloud computing market is expected to cater to the growing demand for secured data services across several end users. The satellite constellation of communication and IoT applications is anticipated to enter the satellite-based cloud computing market. Terrestrial cloud service providers are expected to enter the satellite-based cloud computing market to enhance their cybersecurity. The use of cloud-based applications ensures that existing business processes are further streamlined. Shifting to the cloud is more of a strategic imperative, with business agility and IT flexibility being prominent drivers of the growing cloud computing market demand. Serverless computing is a cloud model wherein the end user does not have to work with server provisioning and infrastructure management. The cloud provider deals with the underlying infrastructure and allocates resources based on the current requirements. Similarly, in satellite-based cloud computing, service providers will put servers in satellites and will manage the infrastructure, and end user will not have to deal with the server management, reducing IT cost.
North America is a leading region in terms of satellite-based cloud computing manufacturing due to key satellite-based cloud computing providers, terrestrial-based cloud computing providers, satellite manufacturers, and data handling unit manufacturers. This is also aided by the overwhelming space budget of the U.S., rising to around $24 billion for the fiscal year 2022, a 3% increase from the fiscal year 2021. The cloud continues to be a critical resource across several sectors as enterprises are rapidly relying on on-demand IT resources, from accounting software to full-blown IaaS, PaaS, and SaaS solutions. Project Kuiper, Kuiper Systems LLC, a subsidiary of Amazon, is a coming low Earth orbit (LEO) satellite internet service provider that’s set to launch 1,500 satellites over the next five years (2023-2027). Kuiper plans to reach a total of 3,236 satellites to build out its constellation and offer satellite broadband internet across the globe.
Market Segmentation:
Segmentation 1: by End User
• Commercial
• Civil Government
• Defense
Segmentation 2: by Application
• Secure Data Services
• Government/Military
• Entertainment
• Meeting Platforms
• Social Media Platforms
• Management Information Systems
• E-Commerce Platforms
• Healthcare
• Software-as-a-Service (SaaS)
• Infrastructure-as-a-Service
• Platform-as-a-Service
Based on application, the global satellite-based cloud computing market is expected to be dominated by the secured data services segment.
Segmentation 3: by Product
• Data Handling Unit
Segmentation 4: by Region
• North America - U.S.
• Europe - U.K., France, Germany, and Rest-of-Europe
• Asia-Pacific - China, India, and Rest-of-Asia-Pacific
Recent Developments in the Global Satellite-Based Cloud Computing Market
• In November 2022, Eutelsat S.A., a satellite operator, signed a final agreement covering its acquisition of low Earth orbit satellite outfit OneWeb from Bharti, Softbank, Hanwha, and the U.K. government, following approval by its board of directors. The acquisition is still subject to regulatory approval.
• In April 2022, Omnispace and Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), announced that Omnispace Spark-1 was successfully delivered into orbit aboard the SpaceX Transporter-4. The Omnispace Spark program represents phase one in the development and delivery of the world’s first standards-based global hybrid network.
• In March 2022, Microsoft Corporation acquired Nuance Communications Inc., a leader in conversational AI and ambient intelligence across industries including healthcare, financial services, retail, and telecommunications. The acquisition would bring together Nuance’s best-in-class conversational AI and ambient intelligence with Microsoft’s secure and trusted industry cloud offerings.
• In January 2020, CYSEC partnered with Cloud Constellation Corporation to a joint go-to-market strategy that combines the capabilities of ARCA, the Trusted Execution Environment (TEE) by CYSEC, and SpaceBelt data security as a service (DsaaS). Cloud Constellation’s SpaceBelt DsaaS would utilize a constellation of 10 satellites in low Earth orbit (LEO) space-based cloud service for securing high-value, mission-critical, and highly sensitive data assets by providing data storage in space along with global and secure managed network services.
Demand - Drivers and Limitations
Following are the drivers for the global satellite-based cloud computing market:
• Rising Concern around End-User Data and Privacy
• Increased Migration of Applications to the Cloud
• Increasing Adoption of Technologies such as Artificial Intelligence, Machine Learning, 5G, and IoT
• Increasing Need for Accessing Data Anytime and Anywhere
Following are the challenges for the global satellite-based cloud computing market:
• Delay in Deployment of Constellation
• Existing User Experience with Terrestrial Cloud Computing Will Keep End Users Away from Using Satellite-Based Cloud Computing
• Vulnerability of End Users to Losing Access to the Service
• Impact of Latency on Satellite Communication
Following are the opportunities for the global satellite-based cloud computing market:
• Investment Opportunity for Tech Investors
• Solution Scaling Up Opportunities for Terrestrial CSPs
Analyst Perspective
According to Arunkumar Sampathkumar, Principal Analyst, BIS Research, "The global satellite-based cloud computing market is anticipated to propel over the forecast period owing to rapid digitization and increased demand for data privacy and security. Cloud computing provides faster and more efficient ways to run and adapt business operations to changing market requirements, based on behavioral changes among people and shifts in business trends. Terrestrial cloud computing services streamline the consumerization of technology. Cloud computing services have enabled multiple lines of businesses.”
Satellite-Based Cloud Computing Market - A Global and Regional Analysis
Focus on End User, Application, Product, and Country - Analysis and Forecast, 2022-2032
Frequently Asked Questions
Satellite-based cloud computing refers to the cloud computing services provided via satellites orbiting around the Earth. Cloud computing refers to the on-demand availability of computer system resources, prominently data storage and computing power, without direct active management by the user. Large clouds have functions distributed over multiple locations, each of which is a data center. A data center is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunications and storage systems.
The key trends in the global satellite-based cloud computing market include the growing regional threat protection. The improving economic conditions of emerging economies, increasing demand for end-user data and privacy, migration of applications to the cloud, and growing need to access data from anywhere and anytime, are key trends in the global satellite-based cloud computing market.
The global satellite-based cloud computing market has seen major developments by key players operating in the market, such as business expansions, contracts, partnerships, collaborations, mergers and acquisitions, and joint ventures. According to BIS Research, the majority of the companies preferred collaboration, contracts, and agreements as a strategy to further increase their growth in the global satellite-based cloud computing market. Some of the key companies are Cloud Constellation Corporation (SpaceBelt), LEOcloud, Inc., Ramon.Space, Aistech Space, Astrocast, BlackSky Technology Inc., Capella Space, Starlink, Kuiper Systems LLC, OneWeb, Planet Labs PBC, Satellogic, Spire Global, Inc., Amazon Web Services, Inc., Microsoft Azure, Google Cloud Platform.
New entrants in the global satellite-based cloud computing market should focus on offering cloud services at a competitive price and shift clients using terrestrial cloud service users to satellite-based cloud services as a free trial. Secured data services is a key application that new entrants can focus on to stay ahead of the existing competition.
The following can be seen as some of the USPs of the report:
• A dedicated section focusing on the futuristic trends adopted by the key players operating in the global satellite-based cloud computing market
• A dedicated section on growth opportunities and recommendations
• A qualitative and quantitative analysis of satellite-based cloud computing at the region and country level granularity based on application and product segments
Companies that manufacture components and subsystems of satellites and their data handling units, terrestrial-based cloud computing providers, commercial communication satellite operators, and also the satellite manufacturers should buy this report.