Exploring the Growth of IoT Roaming Revenue Driven by 5G Technology
The Rise of IoT Roaming Revenue Driven by 5G
The future of IoT roaming revenue looks promising, with projections suggesting it will increase from $1.1 billion in 2024 to $2.2 billion by 2029. This surge is primarily attributed to the adoption of 5G IoT technology.
Key Insights from Juniper Research
- 5G IoT Devices: Expected to account for more than 40% of total revenue by 2029.
- Roaming Services: Essential for enhancing quality of service in IoT applications.
- URLLC Significance: Vital for mission-critical IoT use cases like connected vehicles.
According to Juniper Research, the capability for premium pricing on 5G-enabled connections will become a vital revenue model as telcos cater to mission-critical services.
Future Needs in Connectivity
To effectively manage the increase in IoT roaming connections, telcos will need to implement advanced roaming steering techniques. This technology directs connections to the appropriate network slice ensuring optimized service delivery. Research author Alex Webb emphasizes that meeting quality of service demands requires operators to provide tools for enterprises to specify their connectivity needs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.