Virtual satellite operator Wyld Networks have received its first satellite IoT-data from Italy. Moving forward this data is revenue generating. Net Reply are part of the Reply SPA conglomerate focused on network innovation within infrastructure, based in Italy, the UK, and the US with revenues of over Euro 2 billion in 2023.
Revenue in the Italian Internet of Things (IoT) market is expected to show an annual growth rate (CAGR 2024-2028) of 9.34%, resulting in a market volume of US$32.73bn by 2028. However, lack of coverage for sectors such as utilities, energy and agriculture is holding back IoT adoption in non-urban settings. Wyld Networks and Net Reply are addressing this gap by combining Wyld’s satellite IoT connectivity with Net Reply’s extensive IoT ecosystem.
Net Reply develop solutions focussed on network innovations and are based in Italy, the UK and the US.
Tern plc (LON:TERN) backs exciting, high growth IoT innovators in Europe. They provide support and create a genuinely collaborative environment for talented, well-motivated teams. Wyld Networks is uniquely placed to deliver fixed and mobile mesh technology for Smart Cities, Events, Retail, Health and Industrial installations.
