With only 15% of the world’s surface currently able to access the internet this lack of global connectivity is holding back the growth of the Internet of Things from adding $2-3 trillion to the global GDP over the next ten years, according to research from consultants McKinsey.
Wyld Connect is looking to solve this problem by allowing business and governments to connect their IoT devices anywhere in the world using Low Earth Orbit (LEO) satellites.
Wyld Connect is said to herald a new era in remote connectivity. For example, utility and energy companies can monitor systems and equipment without costly site visits, data can be collected for vital agriculture and environmental management, and goods and assets can be tracked on sea or land across global supply chains.
Commenting CEO of Wyld Networks, Alastair Williamson, said, “Wyld’s satellite IoT network has been the culmination of over three years of continuous development activity. We look forward to delivering connectivity to meet the fast-growing demand in the 85% of the Earth’s surface with little or no current service.”
The satellite connected IoT is seen as being on a significant upward trajectory.
Low earth orbiting satellite constellations have been launched by Wyld Networks’ satellite partners with further satellite launches throughout 2023. Consequently, data from anywhere is becoming a reality - from condition monitoring on remote pipelines to forestry management, soil monitoring for agriculture and container tracking across oceans.
“The launch of the Wyld satellite IoT network service will enable us to connect data at low power to LEO satellites and delivering that data to the customers that need it,” added Williamson.
Improving sustainability and operational efficiency is seen as essential for companies in the business sectors Wyld is targeting, while developments in big data analytics are driving the need for more data from sensors on the ground.
With the launch of the satellite IoT network Wyld is looking to address demand for satellite IoT, which according to a forecast by Rethink IoT (RIoT), could be worth $5.9bn by 2025.
