Learn how operators are poised to capitalize on the 5G IoT roaming revolution—a technological breakthrough not to be missed!Learn how operators are poised to capitalize on the 5G IoT roaming revolution—a technological breakthrough not to be missed! Read More iot
Learn how operators are poised to capitalize on the 5G IoT roaming revolution—a technological breakthrough not to be missed!
The IoT Roaming Market: Revenue Potential to Double by 2029
Juniper Research forecasts that revenue from IoT devices in roaming will surge, potentially doubling to $2.2 billion by 2029. This growth is primarily attributed to increased usage of applications requiring enhanced connectivity, according to the analyst report.
The Crucial Role of 5G Connections in IoT Roaming
Despite accounting for less than 10% of total IoT roaming connections in 2029, 5G devices are expected to generate up to 40% of associated revenues. Operators could boost IoT roaming revenue by applying a premium price for enhanced 5G connections that support mission-critical services, suggests Juniper Research.
The Importance of Ultra-Reliable Low-Latency Communication
Ultra-Reliable Low-Latency Communications (URLLC) have been deemed “crucial” for various applications, including IoT-based maintenance in connected vehicles. Alex Webb, author of the study and research analyst at Juniper Research, emphasized that “to effectively meet quality of service requirements, operators must provide businesses with tools to define their connectivity needs, allowing them to steer IoT roaming connections to the optimal network.”
The Need for Enhanced Connectivity in IoT Roaming
The report also highlights that leveraging enhanced connectivity “will require the development of roaming guidance across different network slices” to optimize service quality. This underscores the necessity for operators to invest in advanced technologies and develop innovative solutions to meet the growing demands of the IoT roaming market.
