IoT Wholesale Roaming Revenue to Exceed $8 Billion in 2028: Kaleido Intelligence
LONDON, June 20, 2023 (GLOBE NEWSWIRE) -- Kaleido Intelligence’s IoT Roaming: Market Strategies & Forecasts 2023 predicts a 16% average annual growth in wholesale IoT roaming revenues between 2023 and 2028, as shifts in the ecosystem status quo underline the importance of roaming to support international IoT connectivity requirements.
- LONDON, June 20, 2023 (GLOBE NEWSWIRE) -- Kaleido Intelligence’s IoT Roaming: Market Strategies & Forecasts 2023 predicts a 16% average annual growth in wholesale IoT roaming revenues between 2023 and 2028, as shifts in the ecosystem status quo underline the importance of roaming to support international IoT connectivity requirements.
- Combined, these factors offer a key opportunity for the industry to enhance the wholesale value proposition, although notable barriers remain in place.
- Kaleido forecasts that growth in IoT roaming connections consuming less than 10MB per month will grow at 22% between 2023 and 2028, reaching 59% of the total IoT roaming connection base by the end of the forecast period.
- With IoT connectivity now viewed as a commodity, pricing at both retail and wholesale level has steadily dropped over the years: Kaleido anticipates that annual wholesale revenue per connection will average at only around $8 by 2028.