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CAMBRIDGE, Mass., May 28, 2020 (GLOBE NEWSWIRE) -- NSRs Cloud Computing via Satellite report, released today, projects 52 Exabytes of Traffic by 2029, with players in the satellite and space industry contributing cumulative revenue of $16 B from 2019-2029. The market is largely satcom-centric, with a significant portion of the revenue flow going to service providers and satellite operators.

"The transformation brought about by the adoption of Cloud Computing and Big Data Analytics is only beginning to impact the satellite sector," states Shivaprakash Muruganandham, NSR Analyst and report author. 'It ranges from Cloud-hosted applications by end customers to Cloud storage/processing by geospatial analytics providers. For a growing number of satellite operators and service providers, partnering with big IT and Cloud players helps them drive increased bandwidth usage with existing customers.

The primary Cloud verticals, Maritime Offshore and Passenger Cruise, along with Aeronautical satcom, will generate more than $7B cumulatively over the 10-year forecast period. Additionally, Onshore Energy, Gov/Mil, and Retail & Banking satcom markets are set to expand their Cloud-first digitization strategies.

Surprisingly, Muruganandham adds the Earth Observation industry was found to trail behind in terms of raw data traffic downlinked to Cloud servers, while the downstream geospatial analytics segment shows strong signs of growth.

NSR recognizes that Cloud might not be a scalable cost for all, despite its tremendous value add. Still, newer applications such as the use of satellites for Cloud storage and compute capabilities are nascent markets set to grow strongly over the coming decade.

About the ReportNSRs Cloud Computing via Satellite is an industry first report that provides a complete overview and assessment of the impact of Cloud Computing in the satellite industry. It forecasts the global industry outlook in terms of Cloud data traffic/volume and Cloud service revenues across regions and four key application areas. With an analysis of the current state of the market, and in-depth review of the various market segments covered, this report builds upon NSRs leading research into the various satcom and EO markets. For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit http://www.nsr.com or call NSR at +1-617-674-7743.

Companies Mentioned in the ReportAddvalue, Air Asia, Airbus, Alaska Airlines, Amazon, Arabsat, Atlas Space Operations, Bentley, BlackSky Global, BridgeComm, Capella Space, Carnival Cruises, Cloud Constellation, CloudEO, Descartes Labs, Earth-I, Emirates, Eutelsat, Global Eagle, Geely, Globalstar, Gogo, Google, Hughes, IBM, ICEYE, Infostellar, Inmarsat, Intelie, Intelsat, Iridium, JetBlue, Kongsberg, KSAT, KVH Industries, Lufthansa, LyteLoop, Marlink, Maxar, Microsoft, Panasonic, Planet, Princess Cruises, RBC Signals, Resolute Mining, Rezatec, RigNet, RS Metrics, SatSure, SES, SITAONAIR, Southwest Airlines, Spire, SSC, Taqnia Space, Thales, Transocean, United Airlines, Ursa, ViaSat, Wasabii, X2nSat

About NSRNSR is the leading global market research and consulting firm focused on the satellite and space sectors, NSRs global team, unparalleled coverage and anticipation of trends with a high degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries. Contact us at info@nsr.com to discuss how we can assist your business.

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NSR Report: Cloud Computing via Satellite to Drive 52 Exabytes of Traffic by 2029 - GlobeNewswire