Wyld Networks’ new satellite IoT solutions allows IoT applications to be deployed in remote areas without the need for telecommunications networks.
McKinsey consultants have found that the Internet of Things can only increase global GDP by $2-3 Trillion over the next 10 years, as only 15% of the earth’s surface is now connected to the internet.
Wyld Connect aims to solve this problem by enabling governments and businesses to use Low Earth Orbit satellites (LEOs) to connect their IoT device anywhere in the globe. Wyld Connect is said to be the beginning of a new era in remote communication. Data can be collected for agriculture and environmental management, and commodities and assets on land and at sea can be tracked via global supply chains. Businesses in the utility and energy sectors can monitor equipment and systems without having to spend money on lengthy site visits.
Satellite-connected Internet of Things (IoT), or the Internet of Things, is expected to grow rapidly. Wyld Networks satellite partners have launched constellations of low-earth orbiting satellites, and there are more launches planned for 2023. Data from anywhere has become a reality. This includes forestry management, soil monitoring for agriculture and container tracking across oceans.
While big data analytics is driving the need for more data from sensors, the organisations Wyld targets are focused on improving operational efficiency and sustainability. Wyld hopes that it can meet the increasing demand for satellite Internet of Things, which Rethink IoT estimates will be worth $5.9 billion by 2025.
