Press release
Data Roaming Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Data Roaming Market Report
In the past few years, the size of the data roaming market has seen significant growth. The market, which is predicted to be worth $89.43 billion in 2024, is set to increase to $95.43 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. This progression in the earlier period is due to an increase in the ownership and use of smartphones and tablets, the rise in international trade and business travel, the introduction of regulations impacting roaming charges and service quality, the increase in international tourism activities, and an expansion in the number of unique subscribers.
Expectations are high for robust expansion in the data roaming market over the coming years, with projections suggesting it will reach a worth of $122.21 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.4%. This expected surge within the prediction period may be attributed to several factors including the emergence of bespoke data plans, a rise in smartphone usage, regulatory alterations, and a growing consciousness and implementation of sustainable protocols within the telecommunication sector. Key trend indicators for the forecast period include technological advancements, the adoption of eSIM and iSIM, the spread of 5G roaming, integration of IoT, personalized roaming offers, and a sustained emphasis on developing cybersecurity measures.
What Is Stimulating Growth in the Data Roaming Market?
The surge in global tourism activities is projected to fuel the expansion of the data roaming market in the future. International tourism, which incorporates pleasures, business pursuits, educational interests, or cultural explorations across different countries, is driven by the quest for artistic discovery, leisure, and business opportunities, as well as the necessity for relaxation, adventure, and competitive travel costs. Data roaming plays a crucial role in international tourism by allowing travellers to remain connected via their smartphones for activities like navigation, communication, and finding travel-related information, irrespective of their geographical location. An example of this can be seen in May 2024, where a report by the UK-based government agency, Office for National Statistics, revealed that spending by foreign residents in the UK witnessed a rise of 17%, soaring from $26.5 billion in 2022 to $31.1 billion in 2023. Furthermore, there was also an uptick in the number of visits to the UK by international visitors, jumping from 31.2 million in 2022 to 38.0 million in 2023. Thus, the boom in international tourism is a key factor contributing to the growth of the data roaming market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16393&type=smp
Which Businesses Are at the Forefront of Data Roaming Market Development?
Major companies operating in the data roaming market are China Mobile Ltd., Verizon Communications Inc., Deutsche Telekom AG, AT&T Inc., Tesco plc, Vodafone Group plc, KDDI Corporation, Telefonica SA, Poste Italiane SpA, Bharti Airtel Ltd., Digicel Group, Virgin Media Business Ltd., Virgin Mobile Canada, TracFone Wireless Inc., Lebara Mobile Private Limited, Asahi Net Inc., Lyca Mobile India Pvt. Ltd., Sprint Corporation, DataXoom Corp., Airvoice Wireless LLC, Red Pocket Inc.
What Are the Latest Innovations in the Data Roaming Market?
Leading corporations in the data roaming sphere are concentrating on innovating new technologies, for example, securing roaming for the future, intending to enhance the security of data and communication for mobile users when they are roaming internationally. Future-proofing roaming security essentially means the deployment of tough processes and technologies prepared to tackle future cyber-attacks faced by data roaming users. This comprises the adoption of cutting-edge encryption standards, boosting authentication methods, and maintaining adherence to regulatory standards to protect data and communication for global mobile users. For instance, Deutsche Telekom AG, a telecommunications corporation headquartered in Germany, introduced Magenta Security Roaming in April 2024, a novel design concept focusing on future-proofing roaming security. This fresh concept unravels security intricacies by granting an all-inclusive solution for all security needs related to roaming. It amalgamates technology, operations, and management into one platform, guaranteeing that customers can conveniently access it without worrying about separate platforms, operations, analytics, or reports.
How Is the Data Roaming Market Segmented?
The data roaming market covered in this report is segmented -
1) By Service: Network Routing, Customer Care, Handset Management, Marketing And Sales
2) By Infrastructure: Skinny Mobile Virtual Network Operator, Thin Mobile Virtual Network Operator, Thick Mobile Virtual Network Operator
3) By Operational Model: Reseller, Service Operator, Full Mobile Virtual Network Operator
4) By Subscriber: Consumer, Enterprise
Subsegments:
1) By Network Routing: International Network Routing, Regional Network Routing
2) By Customer Care: Customer Support Services, Billing And Payment Support, Dispute Resolution Services
3) By Handset Management: Device Configuration Management, Device Testing And Optimization, Software And Firmware Updates
4) By Marketing And Sales: Roaming Data Plans And Packages, Promotional Campaigns, Partnering And Wholesale Agreements
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/data-roaming-global-market-report
Where Is the Data Roaming Market Growth Most Prominent?
North America was the largest region in the data roaming market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data roaming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Data Roaming Global Market Report?
- Market Size Analysis: Analyze the Data Roaming Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Data Roaming Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Data Roaming Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Data Roaming Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16393
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Data Roaming Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends here
News-ID: 3859325 • Views: …
More Releases from The Business Research Company
The Growing Demand For NASH Treatment Amid Obesity Epidemic: A Key Catalyst Acce …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Non-Alcoholic Steatohepatitis (NASH) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for non-alcoholic steatohepatitis (NASH) has seen a considerable expansion in the past few years. Its value is expected to rise from $4.5 billion in 2024 to $6.06 billion in 2025, marking…
Steady Expansion Forecast for Kidney Cancer Drugs Market, Projected to Reach $10 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Kidney Cancer Drugs Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the kidney cancer drugs market has witnessed a consistent growth. The market size, which is currently valued at $8.22 billion as of 2024, is projected to expand to $8.53…
Key Trends Influencing the Growth of the Gynecology Drugs Market in 2025: Launch …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Gynecology Drugs Market Through 2025?
In recent times, there has been a consistent increase in the size of the gynecology drugs market. It is projected to expand from a value of $43.27 billion in 2024 to $45.06 billion in 2025, with a…
Surging Demand Drives Growth In The Fetal Bovine Serum Market: Strengthening the …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Fetal Bovine Serum Market Through 2025?
The market size of fetal bovine serum has seen consistent growth in the past few years. The projected growth is from $1.02 billion in 2024 to $1.06 billion in 2025, with a compound annual growth rate…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
