Basingstoke, UK – 20th November 2023: A new study from Juniper Research, the foremost experts in telecommunications markets, has found there will be over 490 million low-power IoT roaming connections by 2028; growing from 90 million in 2023.
Low-power networks, such as NB-IoT (Narrowband-IoT) and LTE-M (Long-term Evolution for Machines), connect devices and sensors over cellular networks to remotely monitor environments in industries including smart cities, agriculture and manufacturing.
This substantial growth of 560% over the next five years will be driven by increased bilateral roaming agreements that cater specifically to these low-power devices. However, the report warns that operators are still underprepared to capitalise on this market shift and the significant roaming revenue arising.
Find out more about the new report, Global IoT Roaming Market: 2023-2028, or download a free sample.
Sophisticated Detection Crucial to Growing Low-power Revenue
A key technical challenge faced by operators is their inefficiency in detecting low-power devices roaming on their networks; meaning that operators lose potential revenue from these undetected devices. Due to their low data usage and intermittent connectivity, these devices require constant network monitoring to fully maximise roaming revenue. Therefore, the report recommends that operators partner with vendors who can provide AI-based roaming detection services.
These services will automate the continuous assessment of all roaming connections on their network; identifying low-power devices that sporadically roam onto networks.
Research author Alex Webb remarked: “Operators must fully leverage the insights gained from AI‑based detection tools to introduce premium billing of roaming connections to further maximise roaming revenue. This must be done by implementing roaming agreements that price roaming connectivity on network resources used and time connected to the network.”
About the Research Suite
The new research suite offers the most comprehensive assessment of the IoT roaming market to date, including insightful market analysis and in-depth forecasts for 60 countries. The dataset contains over 22,300 market statistics within a five-year period. It includes a ‘Competitor Leaderboard’ and an examination of current and future market opportunities.
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.
For further details please contact Sam Smith, Press Relations
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