Artificial Intelligence
Satellite Data Services Market worth $20.9 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Feb. 14, 2024 /PRNewswire/ — The Satellite Data Services Market is valued at USD 9.3 billion in 2023 and is projected to reach USD 20.9 billion by 2028, at a CAGR of 17.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The satellite data services market encompasses the provision of geospatial information and imagery through satellite-based platforms.
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Browse in-depth TOC on “Satellite Data Services Market” 300 – Tables70 – Figures350 – Pages
Satellite Data Services Market Report Scope:
Report Coverage
Details
Market Revenue in 2023
$ 9.3 billion
Estimated Value by 2028
$ 20.9 billion
Growth Rate
Poised to grow at a CAGR of 17.5%
Market Size Available for
2019–2028
Forecast Period
2023–2028
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Vertical, End-Use, Service, Deployment and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Concern over space debris
Key Market Opportunities
Increased government investment in space agencies
Key Market Drivers
Significant advancements in geospatial imagery analytics with the introduction of AI and big data vehicles
This market involves the collection, processing, analysis, and dissemination of data captured by satellites orbiting the Earth. The market is experiencing rapid growth driven by technological advancements, increasing demand for geospatial data, and expanding applications across diverse sectors. Satellite data services cater to a wide range of applications across various sectors, including agriculture, forestry, environmental monitoring, urban planning, infrastructure development, defense, and disaster management. Key drivers propelling market growth include continuous advancements in satellite technology, which enable higher resolution imagery and enhanced data analytics capabilities. Additionally, the rising demand for geospatial information for decision-making, resource management, and strategic planning fuels market expansion. Prominent players in the satellite data services market include industry leaders such as Maxar Technologies, Airbus, Planet Labs, and L3Harris Technologies, Inc, alongside emerging startups and innovative technology firms. However, despite the significant growth opportunities, the market faces challenges related to data privacy and security concerns. Ensuring the confidentiality, integrity, and availability of satellite data amidst increasing cybersecurity threats poses a notable challenge for industry stakeholders. Overcoming these challenges while capitalizing on the growing demand for satellite data services will be crucial for sustaining market growth and fostering innovation in the years ahead.
Based on the vertical, the Defense & Security segment by vertical is estimated to have the highest market share in 2023.
Based on the vertical, the Defense & Security segment is estimated to lead the Satellite Data Services Market from 2023 to 2028. The defense & security segment is further sub-segmented into maritime and land surveillance activities, critical infrastructure protection, crime mapping, and monitoring of airfields. Defense and security represent crucial sectors leveraging geospatial technologies in operational endeavors. Within these domains, tools such as Geographic Information Systems (GIS), Global Positioning System (GPS), Internet of Things (IoT), and remote sensing play integral roles. These technologies are instrumental in various defense operations, including command and control, force protection and security, intelligence gathering, surveillance, military engineering, mission planning, data modeling, simulation, training exercises, terrain analysis, visualization, and naval operations. Geospatial technologies enhance situational awareness, facilitate decision-making, and optimize resource allocation, thereby significantly contributing to the effectiveness and efficiency of defense and security operations. National security and defense organizations rely on monitoring human and geographic movement in near real-time for effective mission execution, maintaining national security, and fostering collaboration with other governments. Utilizing satellite data and imagery plays a crucial role in tracking movement patterns as they unfold. Satellite Imagery solutions on AWS provide a means to swiftly access evolving satellite data, empowering national security, defense, and law enforcement entities to enhance decision-making processes. This rapid access to information contributes to the safety and security of global populations.
Based on the end-use, commercial segment is estimated to have the highest market share in 2023.
In 2023, the commercial segment is anticipated to dominate the Satellite Data Services market, holding the largest market share. This segment encompasses geological, mapping, and cartographic companies; mining, oil, and gas companies; transport, construction, and infrastructure companies; satellite operators/owners; media and entertainment; and other entities. Others include insurance companies, utility companies, and emergency response companies. Commercial small satellite data is now accessible to all NASA-funded researchers through the Commercial Smallsat Data Acquisition (CSDA) program. Notably, data providers Planet and Spire have recently broadened their End User License Agreements with NASA, making their data freely available to all U.S. government-funded researchers.
Based on the service, the data analytics segment is estimated to have the highest market share in 2023.
The data analytics segment is further sub-segmented into image data processing, feature extraction, digital models, and classification. The proliferation of satellite constellations and advancements in sensor technology have led to a significant increase in the volume and variety of satellite data available. This abundance of data provides opportunities for data analytics companies to develop innovative solutions for extracting valuable insights and intelligence. Organizations across various sectors, including agriculture, urban planning, environmental monitoring, and disaster management, require actionable insights derived from satellite data to make informed decisions and solve complex challenges. Data analytics solutions enable users to extract meaningful information from raw satellite imagery, facilitating evidence-based decision-making. The growing recognition of the value of satellite data analytics for decision-making and innovation has led to increased market demand and competition.
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Based on regions, the North America market is estimated to have the highest market share during 2023.
The North America region is expected to have the highest market share in the Satellite Data Services Industry in 2023. North America is a hub for technological innovation, with leading satellite companies and startups continuously developing and deploying advanced satellite technologies. This includes high-resolution imaging sensors, small satellite constellations, and data analytics platforms, driving the growth of satellite data services in the region. Various industries in North America, including agriculture, defense & intelligence, energy, transportation, and environmental monitoring, are increasingly leveraging satellite data services to gain insights, improve decision-making, and drive efficiency. The demand for satellite imagery and analytics solutions across these sectors is fueling market growth. Initiatives such as NASA’s Earth Observation System and the National Geospatial-Intelligence Agency’s commercial imagery programs are driving the adoption of satellite data services in the region. Satellite companies in North America are forming strategic partnerships and collaborations with government agencies, research institutions, and private companies to expand their market reach, develop innovative solutions, and address emerging challenges. These partnerships enhance the capabilities and competitiveness of North American satellite data service providers in the global market.
Key Players
Prominent companies in the Satellite Data Services Companies include Airbus (France), Maxar Technologies (US), L3Harris Technologies, Inc (US), Planet Labs, PBC (US) and ICEYE (Finland). These industry leaders, headquartered in various countries, drive innovation and excellence in satellite data services globally.
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Artificial Intelligence
CYRISMA, a leading Risk Management Platform for MSPs, secures $7 million Growth Equity Financing led by Blueprint Equity
ROCHESTER, N.Y., Oct. 9, 2024 /PRNewswire/ — CYRISMA, an all-in-one risk management platform, announced its Series A financing today. Led by Blueprint Equity, with participation from SaaS Venture and Golden Ventures, the funding will accelerate CYRISMA’s platform development, fuel customer success, and expand sales and marketing initiatives.
CYRISMA accelerates security programs for MSPs by providing a cost-effective, all-in-one solution to identify, prioritize, and remediate vulnerabilities, track compliance requirements, and manage AI security risk.
“In partnering with Blueprint Equity, we are excited to leverage their expertise and resources to further enhance our platform and support our customers,” said Liam Downward, co-founder and CPO of CYRISMA. “This investment will allow us to continue delivering an affordable and comprehensive risk management solution, empowering MSPs to protect their clients effectively. Additionally, it enables us to enter into new markets, expanding our reach and increasing brand awareness.”
Blueprint Equity’s Sheldon Lewis, who will join CYRISMA’s Board of Directors, commented, “With the rise of security threats for SMBs, there’s been an increasing number of businesses outsourcing their cybersecurity to MSPs. This has accelerated demand in the market for strong, multi-tenant cybersecurity solutions for MSPs to best serve their clients.” He added, “We were drawn to the breadth of the CYRISMA platform and their strong customer satisfaction. Oliver Downward, CEO, Liam, and the team have an unparalleled insight into the MSP market, and we’re honored to partner with CYRISMA during their next phase of growth.”
About CYRISMA
CYRISMA is an all-in-one risk management platform for Managed Service Providers. With the rise in security threats and demand for cybersecurity services, CYRISMA provides MSPs with an effective, all-in-one solution to manage their cybersecurity initiatives for clients in a multi-tenant platform. To schedule a demo of CYRISMA, please visit https://www.cyrisma.com/.
About Blueprint Equity
Blueprint Equity provides expansion capital to high-growth, capital-efficient enterprise software and technology-enabled services businesses worldwide. Blueprint has $275 million of assets under management and is based in La Jolla, CA. For more information, please visit www.onblueprint.com.
Media Contact:Oliver [email protected]
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Artificial Intelligence
Centivax Selects Global CDMO BioCina to Initiate cGMP Manufacturing of Revolutionary Universal Influenza Vaccine
ADELAIDE, South Australia, Oct. 9, 2024 /PRNewswire/ — BioCina Pty Ltd., a global end-to-end biologics Contract Development and Manufacturing Organization (CDMO), announced a new partnership with Centivax, Inc., for a project involving cell line development, cell banking and plasmid DNA manufacture. Centivax is developing Cent-Flu, a universal influenza vaccine, consisting of a proprietary multivalent mixture of 22 unique mRNA transcripts delivered as a lipid nanoparticle (LNP) encapsulated mRNA vaccine. In vivo, the vaccine has been demonstrated to convey protection against current, past, and future influenza strains. BioCina will provide proven expertise in the selection of optimal plasmid manufacturing cell lines, Master Cell Bank (MCB) and plasmid manufacturing, to support Centivax’s progression to First-in-Human clinical trials.
BioCina’s Chief Executive Officer, Mark W. Womack stated, “We’re privileged to support Centivax’s breakthrough approach to sustained flu prevention and we couldn’t be more excited to be their partner of choice to initiate cGMP manufacturing, thus advancing the journey to bring such an important vaccine to market. This is a tremendous opportunity for the BioCina Team to leverage our world-class capabilities in cell line development, cell banking, and cGMP plasmid production.”
Centivax’s Chief Executive Officer, Jacob Glanville, said, “We are thrilled to announce BioCina as our Master Cell Bank manufacturing partner for the first phase of manufacturing our universal influenza vaccine. BioCina’s exemplary expertise and track record in mRNA/LNP MCB, combined with their state-of-the-art facilities, aligns perfectly with Centivax’s commitment to innovation and quality. This partnership enables us to leverage BioCina’s expertise to ensure the highest standards of vaccine production. Together, we’re taking a significant step forward in bringing our universal influenza vaccine to market, with the goal of providing broad, lasting protection against the disease on a global scale.”
About BioCinaBioCina is a global end-to-end biologics Contract Development and Manufacturing Organisation (CDMO), offering highest-quality, cost-effective cell line, process, analytical and formulation development, and cGMP clinical & commercial manufacturing for the microbial, pDNA and mRNA modalities. BioCina’s first facility in Adelaide, South Australia has a rich history of developing and manufacturing both clinical and commercial drug substance, backed by most critical SME’s having an average tenure of 15+ years at the site. BioCina boasts an elite quality record having successfully passed regulatory inspections by the US FDA, EMA, TGA and Health Canada. Through a partnership with NovaCina, BioCina offers clients a highest-quality fill-and-finish solution. BioCina is proud to have clients globally, including the U.S., Europe, and the Asia Pacific. Australia offers one of the most attractive tax incentives globally (up to 48.5% cash refund), and one of the world’s premier trial networks, making it an ideal destination for biologics companies looking to invest in scaling-up and manufacturing products. Visit https://biocina.com.
About CentivaxCentivax is a universal vaccine platform technology company founded and led by experts in vaccinology, vaccine regulatory affairs, immunology, and computational bioengineering. The universal vaccine platform intellectual property has demonstrated unprecedented breadth of protection against influenza and coronaviruses. The platform delivers ultra-broad neutralizing titers, HAI titers and in-vivo protection in ferrets, pigs, rats, mice and human immune organoids. Development of the Centivax platform has been financially supported by the Global Health Investment Corporation (GHIC) BARDA venture arm, NFX, BLUE KNIGHT™ J&J/BARDA program, the Bill and Melinda Gates Foundation, the National Institute of Health (NIH), the Naval Medical Research Center, the Walter Reed Army Institute of Research, the Medical Technology Enterprise Consortium, the Department of Defense, and the National Institute for Innovation in Manufacturing Biopharmaceuticals. Centivax is on a mission to accelerate the world’s transition to a post-pathogen humanity.
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New Carbon Footprint Reporting Delivers Unmatched Insights, Optimizing Sustainability and Performance
VANCOUVER, British Columbia, Oct. 9, 2024 /PRNewswire/ — Hyperview, the leading cloud-based data center infrastructure management (DCIM) platform, today unveiled a suite of groundbreaking features set to transform data center management through detailed measurement and comprehensive sustainability tools.
At the heart of this is Hyperview’s new carbon footprint reporting system, providing granular insights that surpass traditional location-based methods. The initial offering provides location and rack-level carbon footprint reporting, with future releases set to include carbon footprint reporting down to the asset level. This phased approach enables a level of detailed analysis previously unseen in the industry, allowing for more informed, impactful operational decisions. By offering a holistic view of a data center’s environmental impact, from equipment performance to overall energy consumption, Hyperview is setting a new standard for sustainability management in the digital infrastructure sector.
“The timing of this release is crucial”, says President and CEO Jad Jebara. “As the data center industry faces mounting pressure to address its environmental impact. Data centers currently consume 1.5% of the global energy supply and emit 59 million metric tonnes of CO2 annually. Without significant intervention, experts project this consumption could skyrocket to 8% by 2030. Hyperview’s solutions enable targeted reduction strategies, addressing inefficiencies in IT equipment management and providing detailed emissions analysis.”
Key Highlights:
Phased Reporting Implementation: Initial offering includes location and rack-level carbon footprint reporting, with asset-level insights coming in future releases.Asset-Level Analysis: Enables impactful decision-making through detailed equipment, material, and power data.Predictive Capabilities: Offers current data and future predictions, surpassing competitors’ reliance on historical information.Cost-Effective Solution: Eliminates need for additional professional services through automated data collection and presentation.Regulatory Compliance: Assists in navigating evolving regulations (SB 253, CSRD, EED) while improving ESG performance.Comprehensive Sustainability Tools:Carbon footprint tracking and managementUnlocking stranded power and cooling capacityMonitoring energy usage efficiency and kilowatt hours at rack-levelSetting rack-level thresholds for power and temperatureMonitoring temperature, Delta-T, and humidity”Hyperview’s precision in digital infrastructure management is akin to diagnosing a specific medical condition rather than broadly identifying an illness,” continues Jebara “While competitors might broadly identify issues, Hyperview pinpoints specific causes, enabling our clients to make targeted improvements, significantly reducing their carbon footprint and operational costs.”
These features allow clients to gain a detailed understanding of their energy consumption and identify areas for improvement, contributing to significant carbon footprint reductions. The platform’s detailed data helps clients understand their current situation and make accurate future predictions.
With this advanced DCIM suite, Hyperview reaffirms its position as a leader in data center management solutions, offering unparalleled tools for sustainability, efficiency, and regulatory compliance. As the industry evolves, Hyperview remains at the forefront, driving innovation and enabling data centers to meet the challenges of tomorrow.
To experience Hyperview’s Carbon Footprint Reporting firsthand, schedule a demonstration at https://www.hyperviewhq.com/carbon-footprint/
About Hyperview
Hyperview is the leading cloud-based data center infrastructure management (DCIM) platform that empowers enterprises to optimize capacity, reduce power and energy consumption, lower costs, and avoid outages. The powerful and easy-to-use platform includes Asset Management, Energy Management, Power and Environmental Monitoring, Capacity Planning, and 3D Visualization. Learn more at www.hyperviewhq.com.
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