Press release
Transformative Trends Impacting the Roaming Tariff Market Landscape: Roaming-As-A-Service (Raas) Simplifies Global Connectivity For Mobile Operators
Roaming Tariff
How Large Will the Roaming Tariff Market Size By 2025?
The size of the roaming tariff market has significantly expanded in the past few years. It is predicted to rise from $71.58 billion in 2024 to $76.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. The growth during the historic period is due to factors such as globalization, advances in technology, changes in regulations, consumer demand, market rivalry, economic progression, partnerships, and alliances.
How Big Is the Roaming Tariff Market Size Expected to Grow by 2029?
Expectations are high for a robust expansion in the roaming tariff market in the upcoming years, with projections indicating its size could reach $100.64 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.0%. This anticipated growth during the forecast period is linked to factors such as the deployment of 5G technology, the broadening of IoT, data privacy regulations, emerging markets, environmental sustainability, digital transformations, and the impact of COVID-19. Key trends forecasted for this period involve services like 5G roaming, IoT roaming solutions, personalised tariff plans, the advent of virtual SIM technology, incorporation of blockchain, AI-powered customer service, and adaptable data plans.
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Which Key Market Drivers Powering Roaming Tariff Market Expansion and Growth?
The roaming tariff market is expected to flourish with the expansion of international travel scope. Traveling between nations or across international limits is what international travel entails. The progress in transportation technology, such as better and quicker aircraft, has made traveling more feasible and comfortable. Additionally, the global economy's growth and people's rising disposable incomes have made international journeys more affordable for many. Roaming tariff management solutions enable mobile operators to simplify and enhance international connectivity, manage expenses, and ensure uninterrupted communication for travelers across worldwide networks. For example, in May 2023, the US Department of Commerce's International Trade Administration (ITA) reported that the USA saw 5.36 million international arrivals, showing a 26% rise from May 2022. Concurrently, US citizen outbound travel departures marked at 8.44 million in May 2023, indicating a 24% rise from May 2022. Thus, the broadening scope of international travel contributes to the growth of the roaming tariff market.
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Which Fast-Growing Trends Are Poised to Disrupt the Roaming Tariff Market?
Leading businesses in the roaming tariff industry are introducing affordable offerings, such as plug-and-play solutions, to boost connectivity and decrease travel expenses. A plug-and-play service in roaming signifies a system or service that lets users conveniently utilize mobile network services while traveling in a foreign country, obviating the need for intricate setup or adjustments. For example, Etisalat &, a telecom group hailing from the United Arab Emirates, took the wraps off its Roaming-as-a-Service (RaaS) in April 2024, a fresh entry in its Managed Services collection. This plug-and-play solution effectively addresses the issues mobile network operators encounter with managed roaming services. RaaS equip third-party network providers with direct access, empowering them to augment their roaming abilities. Additionally, RaaS is a comprehensive managed roaming service endowed with analytical reporting tools, furnishing operators with the ability to optimize operations and secure more favorable rates.
What Are the Emerging Segments in 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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Who Are the Global Leaders in 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
Which are the Top Profitable Regional Markets for the Roaming Tariff Industry?
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.
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