Operator revenue from IoT roaming will grow from US$1.1 billion in 2024 to US$2.2 billion in 2029, according to a study by Juniper Research. It predicts that 5G IoT devices will be instrumental in dri…Operator revenue from IoT roaming will grow from US$1.1 billion in 2024 to US$2.2 billion in 2029, according to a study by Juniper Research. It predicts that 5G IoT devices will be instrumental in dri… Read More iot
It predicts that 5G IoT devices will be instrumental in driving this increase. 5G IoT will account 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.
Operators will implement pricing for these connections when 5G-enhanced roaming will be required for mission-critical service delivery.
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.”
The report also found that introducing 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,” Juniper Research said in a statement.
“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,” Juniper Research author Alex Webb remarked.
