The future of business connectivity is on the brink of a revolutionary change, thanks to advanced satellite technologies like low-Earth orbit (LEO) satellites. Unlike traditional geostationary satellites, LEO satellites are smaller and orbit much closer to Earth, resulting in significantly lower latency and higher throughput. This innovation makes them ideal for critical enterprise applications such as cloud computing, video conferencing, and real-time data transmission.
Leading companies are actively investing in and developing LEO satellite constellations, anticipating substantial market growth. According to a report by MarketsandMarkets, the global LEO satellite market is projected to reach $20.5 billion by 2030. As these technologies continue to evolve, they promise to provide robust, reliable, and future-proof connectivity solutions for enterprises worldwide.
