Global IoT Roaming Market 2024-2029: Full Research Suite

Our IoT Roaming research suite provides insights and actionable insights into the role of IoT roaming in the rapidly growing cellular IoT market; enabling stakeholders, such as mobile operators, IoT device manufacturers, and IoT MVNOs (Mobile Virtual Network Operators) to navigate the growing demand for IoT roaming connectivity.

Included is a detailed assessment of the key trends in the IoT roaming market, including the growing demand for 5G and LPWA (Low Power Wide Area)/LPWAN (Low Power Wide Area Network) roaming connectivity, as well as the growing role of eSIM technology in IoT roaming. Our 5G analysis assesses the role of 5G enhanced connectivity solutions, which provide improved quality of service; optimised for specific use cases. The forms of 5G enhanced connectivity discussed include:

eMBB (Enhanced Mobile Broadband)
eRedCap (Enhanced RedCap)
mMTC (Massive Machine-type Communications)
RedCap (Reduced Capability)
URLLC (Ultra-reliable Low Latency Communications)
The report also provides strategic recommendations for how operators and IoT connectivity providers can improve their monetisation of IoT roaming connectivity via the GSMA’s (Global System for Mobile Communications Association) BCE (Billing and Charging Evolution), and improve their use of roaming steering solutions, as well as roaming analytics.

The research delivers recommendations for how operators and IoT connectivity providers can improve their IoT roaming services and IoT solutions to enterprises, with strategic recommendations for the integration of satellite IoT connectivity to provide seamless connectivity. Plus development of eSIM technology services as a solution to roaming restrictions such as those on permanent roaming, including analysis of SGP.32, and the integration of AI and improvement of roaming analytics for enterprises. It includes further strategic recommendations for the development of IoT security solutions, including IoT SAFE, and analysis of how enterprises can be supported in managing the impact of 2G and 3G network sunsetting.

The market forecast suite includes several different options that can be purchased separately, including access to data mapping and a forecast document, a strategy and trends document detailing critical trends in the market, and strategic recommendations for developing and monetising IoT roaming services, such as the development of new charging models using BCE and the continued expansion of eSIM localisation services.

The report includes two Competitor Leaderboards. The first Competitor Leaderboard contains extensive analysis of the IoT roaming value-added services; assessing 12 market leaders providing a range of value-added services such as roaming analytics, roaming steering, and data and financial clearing. The second Competitor Leaderboard contains in-depth analysis of 20 leading vendors providing global IoT connectivity services to enterprises. It can also be purchased as a Full Research Suite, which contains all these elements and offers a substantial discount.

Collectively, they provide a critical tool for understanding the IoT roaming market, which will allow operators and IoT connectivity providers to shape their future strategies for service development and monetisation. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of a crucial connectivity market.

Key Features
Market Dynamics: Insights into key trends and opportunities within the IoT roaming market, such as the integration of satellite IoT connectivity into global connectivity offerings, the development of tools for enterprises to influence traffic steering, eSIM technology and localisation services for enterprises, and the development of IoT security solutions, including IoT SAFE and quantum-resistant cryptography for IoT. It also includes analysis and recommendations for where operators and IoT connectivity vendors must look to invest to improve their IoT roaming services. This includes the development of 5G-enhanced connectivity roaming, inter-network slice roaming steering, the transition to BCE, and the development of new charging models, such as network access for IoT roaming.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the IoT roaming market, accompanied by strategic recommendations for operators and IoT connectivity providers.
Benchmark Industry Forecasts: Data for the total number of roaming IoT connections, total operator revenue from roaming IoT connections, and total cellular data generated by roaming IoT connections. This data is provided for the market as a whole, as well as being split by the following network technologies: 2G and 3G, 4G, 5G, and LPWA.
Juniper Research Competitor Leaderboards: Key player capability and capacity assessment of 12 IoT roaming value-added services vendors, and 20 global IoT connectivity provider. This features market sizing of vendors in each sector and detailed analysis of their offerings.

Please note: the online download version of this report is for a global site license.


1. Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.2 Key Strategic Recommendations
2. Market Landscape
2.1 Introduction
2.2 Key Trends Driving the IoT Roaming Market
Figure 2.1: Total Number of IoT Roaming Connections (m), Split By 8 Key Regions, 2024-2029
2.2.1 4G to Remain Critical to IoT Roaming, Despite Emergence of 5G and LPWA
Figure 2.2: Total Number of 4G IoT Roaming Connections (m), Split By 8 Key Regions, 2024-2029
Table 2.3: 4G IoT Roaming Connections Compound Annual Growth Rate 2024-2029
2.2.2 LPWA to Become Increasingly Important in IoT Roaming
Figure 2.4: Total Number of LPWA Roaming Connections, Split By 8 Key Regions, 2024-2029
Table 2.5: NB-IoT and LTE-M Comparison
Table 2.6: NB-IoT Evolution Comparison in 3GPP Standards
Table 2.7: LTE Cat-M1 and LTE Cat-M2 Connectivity Comparison in 3GPP Standards
Figure 2.8: Key LTE-M Use Cases
2.2.3 5G IoT Roaming Growth
Figure 2.9: Total Number of 5G IoT Roaming Connections, Split By 8 Key Regions, 2024-2029
i. Enhanced Connectivity Roaming
3. Future Opportunities and Market Strategies
3.1 Key Opportunities and Market Strategies
3.1.1 2G and 3G Sunsetting Strategies
Figure 3.1: Total Number of 2G and 3G IoT Roaming Devices (m), Split By 8 Key Regions, 2024-2029
Table 3.2: Upcoming 2G and 3G Network Sunsets (August 2024)
3.1.2 TAP and BCE
Figure 3.3: BCE Reporting Exchange Flow
3.1.3 Roaming Analytics
i. Provider Roaming Analytics
ii. Enterprise Roaming Analytics
Figure 3.4: Key Examples of Enterprise Roaming Analytics
3.1.4 Roaming Steering
Table 3.5: OTA Roaming Steering Benefits and Costs
Table 3.6: Signalling Roaming Steering Benefits and Costs
3.1.5 eSIM and iSIM
ii. iSIM
Table 3.7: SIM Form Factors and Dimensions
3.1.6 IoT SAFE
Figure 3.8: IoT SAFE Architecture
Table 3.9: IoT SAFE Applet 1 and 2 Comparison
Figure 3.10: IoT SAFE Service Operations
Satellite IoT Roaming
Figure 3.11: Total Satellite IoT Services Revenue ($m), Split by Market Vertical, 2024-2029
Table 3.12: Select Recent Satellite IoT Announcements
4. Country Readiness Index
4.1 Introduction to Country Readiness Index
Figure 4.1: IoT Roaming Country Readiness Index Regional Definitions
Table 4.2: Juniper Research Country Readiness Index Scoring Criteria
Figure 4.3: Juniper Research Country Readiness Index
Table 4.4: Report Country Readiness Index: Market Segments
4.1.1 Focus Market
Figure 4.5: Total Number of LPWA Roaming Connections in Select Focus Markets (m), Split By 8 Key Regions, 2024-2029
ii. The US
Figure 4.6: Total Number of IoT Roaming Connections in the US (m), 2024-2029
Figure 4.7: Total Operator Revenue from IoT Roaming in the US ($m), 2024-2029
iii. China
Figure 4.8: Total Number of IoT Roaming Connections in China (m), 2024-2029
4.2 Growth Markets
Figure 4.9: Total Number of IoT Roaming Connections in Select Key Growth Markets (m), 2024-2029
Figure 4.10: Total Number of IoT Roaming Connections in India (m), Regions, 2024-2029
Table 4.11: TRAI IoT eSIM recommendations
4.3 Developing Markets
Table 4.12: Juniper Research’s Country Readiness Index Heatmap: North America
Table 4.13: Juniper Research’s Country Readiness Index Heatmap: Latin America
Table 4.14: Juniper Research’s Country Readiness Index Heatmap: West Europe
Table 4.15: Juniper Research’s Country Readiness Index Heatmap: Central & East Europe
Table 4.16: Juniper Research’s Country Readiness Index Heatmap: Far East & China
Table 4.17: Juniper Research’s Country Readiness Index Heatmap: Indian Subcontinent
Table 4.18: Juniper Research’s Country Readiness Index Heatmap: Rest of Asia Pacific
Table 4.19: Juniper Research’s Country Readiness Index Heatmap: Africa & Middle East
1. IoT Roaming VAS Services Competitor Leaderboard
1.1 Why Read this Report
Table 1.1: Juniper Research Competitor Leaderboard Vendors and Product Portfolios: IoT Roaming
Figure 1.2: Juniper Research Competitor Leaderboard: 12 Vendors
Source: Juniper ResearchTable 1.3: Juniper Research Competitor Leaderboard: IoT Roaming Value-added Services Vendors & Positioning
Table 1.4: Juniper Research Competitor Leaderboard Heatmap: 12 Vendors
2. IoT Roaming VAS Vendor Profiles
2.1 Vendor Profiles
2.1.1 A1 International Business
i. Corporate Information
Table 2.1: A1 Group Select Financial Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.2 BICS
i. Corporate Information
Table 2.2: BICS’ Revenue, 2022-2023
ii. Geographical Spread
Figure 2.3 BICS’ Global Presence Map
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Table 2.4: BICS Roaming Services
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.3 Cellusys
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.5: Cellusys’ Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.4 Comfone
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.6: Comfone’s Key2roam Hub Coverage Map
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.5 MACH
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.6 Mobileum
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.7: Mobileum Wholesale Business Advisor
Figure 2.8: Mobileum IoT Steering of Roaming
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.7 Syniverse
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.8 Tata Communications
i. Corporate Information
Table 2.10: Tata Communications’ Select Financial Information (₹ in crore), FY24
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.11: Tata Communications’ Roaming Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.9 Telna
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.10 Tele2
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.11 Telefónica Global Solutions
i. Corporate Information
Table 2.12: Telefónica’s Select Financial Information (€m), 2020-2022
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.13: TGS 5G Roaming Suite
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.12 TNS
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.2 Juniper Research Leaderboard Assessment Methodology
2.3 Limitations & Interpretations
Table 2.14: Juniper Research Competitor Leaderboard: IoT Roaming Value-added Services
3. Global IoT Connectivity Competitor Leaderboard
3.1 Introduction
Figure 3.3.1: Juniper Research Competitor Leaderboard Vendors and Product Portfolios (Part One)
Table 3.3.2: Juniper Research Competitor Leaderboard Vendors and Product Portfolios (Part Two)
Figure 3.3.3: Juniper Research Competitor Leaderboard: Global IoT Connectivity
Source: Juniper ResearchTable 3.4: Juniper Research Competitor Leaderboard: Vendors & Positioning
Table 3.3.5: Juniper Research Competitor Leaderboard Heatmap: 20 Vendors (Part One)
Figure 3.6: Juniper Research Competitor Leaderboard Heatmap: 20 Vendors (Part Two)
4. Global IoT Connectivity Competitor Leaderboard
4.1 Vendor Profiles
4.1.1 AT&T
i. Corporate Information
ii. Geographical Spread
iii. Key clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.1: IoT Console
Figure 4.2: AT&T Control Center Features
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.2 A1 Digital
i. Corporate Information
Table 4.3: A1 Group Select Financial Information, 2020-2023
ii. Geographical Spread
Figure 4.4: A1 Telekom Austria Group Operations Map
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.3 BICS
i. Corporate Information
Table 4.5: BICS Revenue ($), 2022-2023
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.4 Deutsche Telekom
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.6: Deutsche Telekom IoT Connectivity Coverage
Figure 4.7: Deutsche Telekom Platform Integrations
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.5 emnify
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.8: emnify 5G Coverage
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.6 Eseye
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.10: Eseye’s AnyNet Federation and Direct Operator Interconnects (August 2024)
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.7 iBASIS
i. Corporate Information
ii. Geographical Spread
Figure 4.11: iBASIS’ Global Customer Connections
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.12: iBASIS’ NB-IoT and LTE-M Coverage
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.8 Kore Wireless
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.13: Kore One Platform
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.9 Onomondo
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.10 Orange Business Services
i. Corporate Information
ii. Geographical Spread
Figure 4.14: Orange Operations Map
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.11 Soracom
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.15: Soracom Endorse Authentication Process
Figure 4.16: Soracom Lagoon
Figure 4.17: Soracom Unified Endpoint
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.12 Tata Communications
i. Corporate Information
Table 4.18: Tata Communications’ Select Financial Information (₹ in crore), FY24
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.13 Tele2 IoT
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.19: Tele2 IoT Network Support 2024
Figure 4.20: Tele2 2ACESS Data Transfer Management
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.14 Telefónica Tech
i. Corporate Information
Table 4.21: Telefónica’s Select Financial Information (€m), 2020-2022
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.15 Telenor Connexion
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.22: Telenor Connexion’s IoT Cloud Solution
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.16 Telit Cinterion
i. Corporate Information
Table 4.23: Telit Cinterion’s Select Financial Information ($m), 2020-2021
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.24: Telit eSIM Provisioning Platform
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.17 Velos IoT
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.25: Velos NB-IoT and LTE-M Coverage
Figure 4.26: Velos IoT eSIM Connectivity Hub Features
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.18 Verizon
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.19 Vodafone Business
i. Corporate Information
Table 4.27: Vodafone Business Select Financial Information (Million), 2022-2023
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 4.28: Vodafone Business’ LPWA Services Availability
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.1.20 Wireless Logic
i. Corporate Information
ii. Geographical Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
4.2 Juniper Research Leaderboard Assessment Methodology
4.3 Limitations & Interpretations
Table 4.29: Juniper Research Competitor Leaderboard: Global IoT Connectivity
1. Introduction and Methodology
1.1 Introduction
1.2 Forecast Methodology
Figure 1.1: IoT Roaming Forecast Methodology
2. Market Summary and Future Market Outlook
2.1 Total Number of IoT Connections that Are Roaming
Figure & Table 2.1: Total Number of IoT Connections that Are Roaming (m), Split By 8 Key Regions, 2024-2029
Table 2.2: Total Number of IoT Roaming Connections Split by Network Type (m), 2024-2029
2.2 Total Operator Revenue from Roaming IoT Connectivity
Figure & Table 2.3: Total Operator Revenue from Roaming IoT Connectivity
2.3 Total Data Generated by Roaming IoT Connections
Figure & Table 2.4: Total Data Generated by Roaming IoT Connections
2.4 Total Number of Roaming 4G IoT Connections
Figure & Table 2.5: Tota Number of Roaming 4G IoT Connections, Split By 8 Key Regions, 2024-2029
2.5 Total Operator Revenue from Roaming 4G IoT Connections
Figure & Table 2.6: Total Operator Revenue from Roaming 4G IoT Connections ($m), Split By 8 Key Regions, 2024-2029
2.6 Total Data Generated by Roaming 4G IoT Connections
Figure & Table 2.7: Total Data Generated by 4G IoT Connections (PB), Split By 8 Key Regions, 2024-2029
2.7 Total Number of Roaming 5G IoT Connections
Figure & Table 2.8 Total Number of Roaming 5G IoT Connections (m), Split By 8 Key Regions, 2024-2029
2.8 Total Operator Revenue from Roaming 5G IoT Connections
Figure 2.9: Total Operator Revenue from Roaming 5G IoT Connections ($m), Split By 8 Key Regions, 2024-2029
2.9 Total Data Generated by Roaming 5G IoT Connections
Figure & Table 2.10: Total Data Generated by Roaming 5G IoT Connections (PB), Split By 8 Key Regions, 2024-2029
2.10 Total Number of Roaming LPWA IoT Connections
Figure & Table 2.11: Total Number of Roaming LPWA IoT Connections (m), Split By 8 Key Regions, 2024-2029
2.11 Total Operator Revenue from Roaming LPWA IoT Connections
Figure & Table 2.12: Total Operator Revenue from Roaming LPWA IoT Connections ($m), Split By 8 Key Regions, 2024-2029
Table 2.13: Average Operator Revenue Per Month ($), Split By 8 Key Regions, 2024-2029
2.12 Total Data Generated by Roaming LPWA IoT Connections
Figure & Table 2.14: Total Data Generated by Roaming LPWA IoT Connections (PB), Split By 8 Key Regions, 2024-2029 22

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