5G IoT Roaming Market to grow by USD 1.58 Bn by 2026, Development of wireless technologies to boost market growth

IoT roaming occurs when a connected device or sensor connects to a network other than its home network, either temporarily or permanently, in cases of permanent roaming. 5G IoT Roaming

Roaming IoT devices are capable of connectivity to a variety of different radio technologies, including cellular networks like 2G, 3G, 4G and 5G, LPWA networks such as NB-IoT and LTE-M, RFID and Wi-Fi 6.

The global 5G IoT roaming market size is expected to grow by USD 1.58 bn during 2021-2026, progressing at a CAGR of 42.48% during the forecast period. The Development of wireless technologies, heavy IoT investment, and demand for private 5G networks from enterprises, governments, and industries are one of the major factors propelling the market growth.

However, factors such as lack of standardization in IoT protocols, delay in spectrum harmonization across geographies and increase in concerns over data privacy and security may impede the market growth.


Global 5G IoT Roaming Market Driver

One of the key factors influencing the growth of the 5G IoT roaming market is the advancement of wireless technology. Over the next two years, there will likely be an increase in the demand for wireless technologies due to the growing usage of LPWAN, long-range wide area network (LoRaWAN), 5G, wireless sensor networks, and Internet Protocol version 6 (IPv6). The requirement for higher capacity, high data rate, and high connection has also increased as a result of the rising data exchange rate among a significant number of connected devices. As a result, 5G wireless networks are seen as an important force behind IoT.

Global 5G IoT Roaming Market Segmentation

The consumer segment’s share of the 5G IoT roaming market will expand significantly. Using a SIM card from the same service provider, mobile customers can use mobile IoT (LPWA) roaming to connect their IoT devices to LTE-M or NB-IoT networks and access related IoT services across many countries and mobile networks.

North America will account for 47% of market growth. The 5G IoT roaming market in North America is primarily concentrated in the US. This region’s market will expand more quickly than those in other areas. Over the course of the projection period, an increase in industrial applications will support the expansion of the 5G IoT roaming market in North America.

Barriers to high-value loT roaming

Juniper Research estimates that only 2% of total IoT roaming connections will rely on 5G networks by 2027. It attributes this low usage to the low-power consumption and infrequent data transmission exhibited by most devices.

It found that only use cases dependent on low-latency and high-speed data downloads, such as autonomous vehicles and connected factories, will justify enterprise investment in 5G connectivity.

Juniper Research forecasts that data generated by roaming IoT connections will increase from 86 petabytes in 2022 to 1,100 petabytes by 2027. This is enough data to stream 165 million hours of 4K video from platforms such as Netflix.

Global 5G loT Roaming Market Vendors

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • AT and T Inc.
  • China Mobile Ltd.
  • Cisco Systems Inc.
  • Deutsche Telekom AG
  • Huawei Technologies Co. Ltd.
  • Neoway Technology Co. Ltd.
  • Nokia Corp.
  • Orange SA
  • Quectel Wireless Solutions Co. Ltd.
  • Samsung Electronics Co. Ltd.

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