Press release
Global Roaming Tariff Market to Reach $100.64 Billion by 2029, Growing at 7.01% CAGR
Roaming Tariff Market Segments
There has been a significant expansion in the roaming tariff market size over the recent years. It is projected to rise from $71.58 billion in 2024 to $76.76 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.2%. The growth observed in the historical period is a reflection of several factors like globalization, technological increments, regulatory adjustments, consumer demand, market rivalry, economic growth, and strategic partnerships and alliances.
The size of the roaming tariff market is projected to experience robust growth within the upcoming years, escalating to a whopping $100.64 billion in 2029, with a compound annual growth rate (CAGR) of 7.0%. Multiple factors such as the deployment of 5G, the expansion of IoT, data privacy laws, emerging economies, environmental sustainability efforts, the digital revolution, as well as the effects of the COVID-19 pandemic contribute to this forecasted growth. Throughout the prediction period, it's anticipated that key trends will include services like 5G roaming, IoT roaming solutions, tailored tariff plans, virtual SIM technology, blockchain integration, AI-powered customer assistance, and flexible data packages.
What Factors Are Fueling Growth in the Roaming Tariff Market?
The proliferation of global travel is set to accelerate the development of the roaming tariff industry in the future. Travelling internationally, which implies crossing countries or international borders, is becoming increasingly wide-ranging. Progressions in transportation technology, such as more efficient and speedier aircraft, have made travel more manageable and convenient. Furthermore, the expansion of the global economy coupled with the surge in disposable income has empowered more people to undertake overseas travel. Roaming tariff management solutions make international connectivity simpler and more orderly for mobile operators, enabling them to control costs while ensuring uninterrupted communication for travelers on worldwide networks. For example, data from the U.S. Department of Commerce's International Trade Administration (ITA) reveals that the number of international visitor arrivals to the United States reached 5.36 million in May of 2023, a 26% increase from May 2022. Concurrently, the number of outbound U.S. citizen travel departures from the United States hit 8.44 million in May 2023, representing a 24% increase from May 2022. Consequently, the broadening landscape of international travel is fuelling the roaming tariff industry.
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Which Leading Companies Are Shaping the Growth of the Roaming Tariff Market?
Major companies operating in the roaming tariff market are China Mobile Ltd., Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, T-Mobile US Inc., SoftBank Group Corp., Vodafone Group plc, Orange Group, Telefonica SA, NTT Docomo Inc., BT Group plc, TIM S.p.A., Telecom Italia S.p.A., Telstra Corporation Limited, Telus Corporation, SK Telecom Co. Ltd., MTN Group, Rogers Communications Inc., Swisscom AG, Singtel, KPN N.V., Airtel Africa, Turkcell, Telekom Malaysia Berhad, Hutchison Telecommunications (Hong Kong) Limited
What Are the Major Trends Shaping the Roaming Tariff Market?
Leading firms in the roaming tariff market are innovating cost-efficient services, like plug-and-play solutions, to improve connection quality and cut down on travel expenses. Plug-and-play in this context implies a system or service that provides users with hassle-free access to mobile network services when abroad, eliminating the need for intricate setups or configurations. As an example, in April 2024, Etisalat &, a telecommunications group based in the United Arab Emirates, initiated Roaming-as-a-Service (RaaS), an added feature to their managed services collection. This turnkey solution tackles the issues faced by mobile network operators (MNOs) when dealing with managed roaming services. RaaS grants third-party network providers with direct access, which consequently enhances their roaming potential. It's a comprehensive managed roaming service, equipped with analytical reporting instruments, which helps operators streamline their functions and avail of better tariff rates.
What Are the Key Segments of the Roaming Tariff Market?
The roaming tariff market covered in this report is segmented -
1) By Type: Regional, National, International, Other Types
2) By Service: Voice, Short Message Service (SMS), Data
3) By Distribution Channel: Retail Roaming, Wholesale Roaming
Subsegments:
1) By Regional: Intra-Regional Roaming, Cross-Border Roaming
2) By National: Domestic Roaming, Roaming Agreements Between Local Carriers
3) By International: Voice Roaming, Data Roaming, SMS Roaming
4) By Other Types: Wi-Fi Roaming, Satellite Roaming, Virtual Roaming
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Which Region Dominates the Roaming Tariff Market?
Europe was the largest region in the roaming tariff market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the roaming tariff market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Roaming Tariff Global Market Report?
- Market Size Analysis: Analyze the Roaming Tariff Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Roaming Tariff 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 Roaming Tariff Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Roaming Tariff Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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