Press release
Global International Call Services Market Projected to Surpass $2.45 Billion by 2029 with 9.1% Annual Growth
International Call Services Market Size
The growing surge in international travel is expected to drive the growth of the international call services market. International travel, the act of traveling across borders, is increasing due to globalization, affordable airfares, business expansion, and digital nomadism. International call services are increasingly relied upon by travelers to stay connected with family, friends, and business contacts. For example, in April 2024, UN Tourism reported that global international tourist arrivals reached 1.3 billion in 2023, marking a 34% increase from the previous year, with strong demand expected in 2024. Thus, the rise in international travel is spurring the growth of the international call services market.
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What is the future CAGR of the international call services market, and how will it impact industry expansion?
The international call services market will expand from $1.58 billion in 2024 to $1.73 billion in 2025 at a CAGR of 9.4%, driven by globalization, demand for international connectivity, and cost-effective solutions.
The international call services market is projected to reach $2.45 billion by 2029 at a CAGR of 9.1%, driven by globalization, security advancements, and regulatory shifts. Trends include AI-driven solutions, 5G expansion, cloud-based platforms, and cybersecurity improvements.
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What are the most significant trends transforming the international call services market today?
Major companies in the international call services market are focusing on real-time communication solutions like prepaid and postpaid roaming packs to offer seamless, cost-effective services for international travelers. These roaming packs enable travelers to use their mobile phones abroad without incurring unexpected charges. For instance, in December 2022, Bharti Airtel Limited, an India-based telecommunications company, introduced the Airtel World Pass, offering seamless connectivity across 184 countries. The plan includes unlimited emergency data and messaging and provides 24/7 support through the Airtel Thanks app.
Which key market segments comprise the international call services market and drive its revenue growth?
The international call services market covered in this report is segmented -
1) By Type: Voice Calls, Voice Over Internet Protocol (VoIP), Conference Calls, Managed Services
2) By Platform: Mobile Phones, Desktop And Web
3) By Application: Telecommunications And Information Technology, Banking, Financial Services And Insurance (BFSI), Healthcare, Retail And E-commerce, Travel And Hospitality, Other Applications
Subsegments:
1) By Voice Calls: Landline Voice Calls, Mobile Voice Calls
2) By Voice Over Internet Protocol (VoIP): Residential VoIP, Business VoIP
3) By Conference Calls: Audio Conference Calls, Video Conference Calls, Web Conference Calls
4) By Managed Services: Call Management Services, Network Management Services, Billing And Support Services
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What regions are at the forefront of international call services market expansion?
North America was the largest region in the international call services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the international call services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the international call services market?
Major companies operating in the international call services market are China Mobile Communications Corporation, Verizon Communications Inc., AT&T Inc., Deutsche Telekom AG, NTT Communications Corporation, T-Mobile US Inc., China Telecommunications Corporation, SoftBank Group Corp., Vodafone Group Plc, China United Network Communications Group Co., Ltd., KDDI Corporation, Orange S.A., Telefónica S.A., América Móvil S.A.B. de C.V., BT Group plc, Bell Canada, Bharti Airtel Limited, SK Telecom Ltd., Rogers Communications Inc., Singapore Telecommunications Limited, Reliance Jio Infocomm Limited, Vodacom Group Limited, Ooredoo Q.P.S.C., Emirates Telecommunications Group Company PJSC, MTN Group Limited
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What Is Covered In The International Call Services Global Market Report?
•Market Size Forecast: Examine the international call services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the international call services market for a structured understanding.
•Key Players Overview: Analyze major players in the international call services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the international call services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the international call services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the international call services market.
•Industry Challenges: Identify potential risks and obstacles affecting the international call services market.
•Competitive Landscape: Review strategic developments in the international call services market, including expansions, agreements, and new product launches.
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