A new study by Juniper Research, the foremost experts in telecommunications, has found that operator revenue from IoT roaming will grow from $1.1 billion in 2024 to $2.2 billion in 2029. This market-leading study predicts that 5G IoT devices will be instrumental in driving this increase; accounting for more than 40% of total revenue by 2029, despite accounting for fewer than 10% of IoT roaming connections.
The report found that 5G-enhanced roaming services, which provide improved quality of service for 5G IoT use cases, such as Ultra Reliable Low Latency Communications (URLLC) will be key to this revenue growth.
An extract from the new report, Global IoT Roaming Market 2024-2029, is now available as a free download.
Premium Charging for Roaming Access
As 5G-enhanced roaming will be required for mission-critical service delivery, operators will be able to apply premium pricing to these connections. The research identified URLLC connectivity as crucial for success, as it is essential for real-time mission-critical use cases such as IoT-based maintenance in connected vehicles, due to its increased reliability.
Advanced Roaming Steering Key to Revenue Growth
The report also found that the introduction of enhanced connectivity will necessitate the development of roaming steering between network slices. Network slices are logically separated, independent segments of a 5G network, which are often used for a specific use case or set of users. Advanced roaming steering will be necessary to direct IoT connections to the right network slice, based on use case; ensuring optimised quality of service.
Research author Alex Webb remarked: “To effectively meet quality of service requirements, operators must provide enterprises with tools which allow them to input their connectivity requirements; enabling operators to steer IoT roaming connections to the optimal network slice.”
About the Research
The new research suite offers the most comprehensive assessment of the IoT Roaming market to date, including insightful market analysis, a Competitor Leaderboard, and in-depth forecasts for 60 countries. The dataset contains more than 22,000 market statistics over a five-year period.
Juniper Research has, for two decades, provided market intelligence and advisory services to the global telecommunications sector, and is retained by many of the world’s leading network operators and communications platforms.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240923174935/en/
Contacts
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com
