The global number of roaming IoT connections will increase from 300 million in 2022 to 1.8 billion by 2027; representing 500% growth, according to a new study from Juniper Research. The study ranked Vodafone Business as the leading service provider in the IoT roaming space.

“Vodafone Business is delighted to have been recognized as the leading IoT Roaming vendor in Juniper Research’s Competitor Leaderboard. Our IoT platform, which delivers managed IoT connectivity, device management, and application development, enables our roaming partners to actively participate in and monetize the global opportunity for IoT connectivity,” said Phil Skipper, Head of IoT Strategy and Development for Vodafone Business.

Juniper Research’s Competitor Leaderboard tool assesses each vendor against a set of key indicators to derive their relative positioning in the matrix. These include a vendor’s capacity and capability, their product positioning, size of their operations, financial performance, and the sophistication of their IoT roaming solution. On the Competitor Leaderboard, Vodafone Business is followed by Tata Communications, TNS, BICS, Syniverse, and iBasis.

Vodafone Business has built a scalable IoT product offering; supporting device management, LPWA (Low Power Wide Access) network services, and mobile private networks. The research found that harnessing AI to detect permanent roaming connections is key to distinguishing the services of leading vendors from their competitors. By enabling accurate identification of permanent roaming IoT connections, vendors will support operators in the monetization of these devices.