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A study conducted by Juniper Research has revealed promising growth prospects for 5G IoT roaming connections.
The report predicts a significant increase in the global number of 5G IoT roaming connections, from 15 million in 2023 to 142 million by 2027, representing over 27 percent of all 5G roaming connections in four years.
This growth will be driven by the expansion of 5G standalone deployments, particularly in West Europe, and the adoption of value-added services and advanced analytics tools to manage revenue leakage.
Report author Elisha Sudlow-Poole commented: “To further capitalise on the growth of 5G IoT roaming in West Europe, operators must form roaming agreements that leverage standalone 5G networks to improve network performance for roaming connections, and provide the same level of service when roaming as they do on home networks.”
Standalone networks offer improved network functionality over non-standalone 5G networks by leveraging next-generation network cores, resulting in enhanced network speeds and lower latency for 5G IoT roaming connections. This improvement in network performance strengthens the value proposition for roaming agreements, encouraging the adoption of a roaming business model among IoT users.
The research identifies West Europe as a significant market for 5G IoT roaming connections, projecting that 21 percent of global connections in 2027 will be in this region.
West Europe accounts for only five percent of the global population. The report attributes this growth to the efforts of operators in the region who are actively launching 5G standalone networks. These initiatives incentivise IoT users to adopt roaming agreements, thus driving the growth of IoT roaming connections.
Importance of value-added services
Apart from standalone-specific roaming agreements, the report stresses the importance of implementing value-added services and advanced analytics tools to manage revenue leakage.
Roaming analytics tools powered by artificial intelligence can help operators efficiently analyse the vast amount of roaming data generated by 5G roaming connections in real-time. The report emphasises that integrating these tools directly into platforms can maximise their value proposition for network operators and enable swift reconciliation of clearing for stakeholders.
The study anticipates that certain key verticals, such as autonomous vehicles, will particularly benefit from these advanced roaming solutions due to their data-centric nature. The implementation of roaming analytics and value-added services will play a crucial role in meeting the specific demands of these verticals and ensuring a seamless roaming experience.
As the world becomes increasingly connected, the development of robust 5G IoT roaming strategies will be crucial to unlocking the full potential of the IoT ecosystem.
(Photo by Planet Volumes on Unsplash)
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- Source: https://www.iottechnews.com/news/2023/jul/12/global-5g-iot-roaming-connections-hit-142m-by-2027/
