Number crunchers at Juniper Research have predicted that there will be more than 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.
Over the next five years, this substantial 560 per cent growth will be driven by increased bilateral roaming agreements that cater specifically to these low-power devices.
The report warns that operators still need to prepare to capitalise on this market shift and the significant roaming revenue that is arising.