Title: Operators Unprepared for 560% Global Growth in Low-power IoT Roaming Connections, Juniper Research Finds
A new study conducted by Juniper Research reveals a staggering 560% growth in low-power Internet of Things (IoT) roaming connections over the next five years. The report highlights the increasing importance of low-power networks, such as NB-IoT and LTE-M, in industries like smart cities, agriculture, and manufacturing. However, the study also warns that operators are ill-equipped to capitalize on this market shift and the potential revenue it brings.
The Growing Market for Low-power IoT Roaming Connections:
According to the report, there will be over 490 million low-power IoT roaming connections by 2028, up from 90 million in 2023. This exponential growth is attributed to the rising number of bilateral roaming agreements specifically designed for low-power devices. These networks enable devices and sensors to connect remotely over cellular networks, allowing for the monitoring of various environments.
Challenges Faced by Operators:
One of the key challenges faced by operators is their inability to efficiently detect low-power devices roaming on their networks. This results in potential revenue loss from undetected devices. Low-power devices have low data usage and intermittent connectivity, necessitating constant network monitoring to maximize roaming revenue. To address this issue, the report recommends that operators partner with vendors offering AI-based roaming detection services.
Leveraging AI-based Detection for Revenue Maximization:
By partnering with vendors providing AI-based roaming detection services, operators can automate the continuous assessment of all roaming connections on their networks. This enables the identification of low-power devices that sporadically roam onto networks. Research author Alex Webb emphasizes the importance of leveraging AI-based detection tools to introduce premium billing for roaming connections. This approach would price roaming connectivity based on network resources used and time connected to the network, further maximizing revenue potential.
The rapid growth of low-power IoT roaming connections presents a significant opportunity for operators to capitalize on the emerging market. However, the study reveals that operators must address the challenge of efficiently detecting low-power devices on their networks to fully realize the revenue potential. By leveraging AI-based detection tools and implementing premium billing for roaming connections, operators can position themselves to take advantage of the growing demand for low-power IoT connectivity.
Source: Juniper Research
#IoTRoamingConnections #LowPowerIoT #AIbasedDetection #RoamingRevenue #EmergingIoTMarket #MaximizingRevenue