Development And Evaluation Of A Business Concept For The Galileo Based Time Synchronisation Services

Authors : Fatih Mehmet ÖZEL

Pages : 15-26

View : 13 | Download : 6

Publication Date : 2021-03-31

Article Type : Research Paper

Abstract :Galileo is the EU´s GNSS providing accurate timing and positioning information. As GNSS timing and synchronisation is at the core of several critical infrastructures which currently rely on GPS in Europe, using Galileo for time synchronisation is a strategic objective for the EU. Therefore, a business concept for a Galileo based time synchronisation service was developed and evaluated. In this regard, firstly, a service concept for users requiring the accurate synchronisation of remote devices was proposed and assessed. Next, the business logic of the concept was developed and refined by implementing the business model canvas methodology. Finally, a cost-benefit analysis was conducted to determine the conditions under which the service could be financially sustainable. It was found that the service might be both technically feasible and commercially viable. However, the number of service providers in the European market depends on pricing scheme as well as the market penetration rates.
Keywords : Galileo, commercial service, time synchronisation, business model canvas, cost benefit analysis