Industrialized markets such as North America and Europe have become saturated for big tech companies such as Amazon, Facebook, Google, and the likes. There is simply no more room for growth is these developed market.
Yet, the developing markets across South America, Africa, and Asia has a lot of untapped markets. However, the very nature of these big tech companies prevents them from venturing into such markets. That is primarily because developing nations lack efficient infrastructures such as internet access and electricity.
Facebook and Google have in a recent couple of years working to establish reliable high-speed internet access in the developing nations. In areas, they describe as underserved and unserved regions.
Google has its flying balloons and Facebook with its drones. The balloons and drones will be flying at high altitude and beaming down wireless internet connection to the underserved and the unserved communities.
Amazon joins the race
Now, Amazon wants to put its financial and technology might into the venture of providing high-speed broadband internet connection to the underserved and unserved communities.
Dupped Project Kuiper, Amazon is set to send thousands of small satellites into low orbit, from …read more