Press release
Data Roaming Market Poised to Hit $118.97 Billion by 2029 with Accelerating Growth Trends
Data Roaming
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What Is the Expected CAGR for the Data Roaming Market Through 2025?_x000D_
Over the past few years, the marketplace for data roaming has seen substantial growth. The market, at $89.43 billion in 2024, is forecasted to reach $94.84 billion in 2025, representing a compound annual growth rate (CAGR) of 6.0%. Various factors have influenced this growth during the historical period, including a rise in smartphone and tablet ownership and usage, international business and trade travel, the enactment of laws related to roaming charges and service quality, an increase in global tourism activities, and a rise in the count of unique subscribers._x000D_
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What's the Projected Size of the Global Data Roaming Market by 2029?_x000D_
The forecast indicates a robust expansion in the data roaming market in the upcoming years, with the market value projected to reach $118.97 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.8%. This projected growth over the forecast period is primarily due to factors such as the launch of bespoke data plans, growing smartphone usage, regulatory changes, and heightened awareness and implementation of sustainable methods in the telecommunication sector. Key trends during the forecast period comprise technological advancements, eSIM and iSIM adoption, 5G roaming expansion, integration with IoT, tailored roaming packages, and ongoing efforts to enhance cybersecurity protocols._x000D_
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Top Growth Drivers in the Data Roaming Industry: What's Accelerating the Market? _x000D_
The growth of the data roaming market is expected to be driven by the rise in international tourism. This includes cross-border travel for pleasure, business, educational purposes, and cultural experiences. The urge for artistic discovery, recreational activities, business prospects, the quest for relaxation and adventure, and competitive travel costs are all contributing factors to the expansion of international tourism. Data roaming promotes international tourism by allowing travellers to remain connected for navigation, communication, and access to travel information regardless of where they are. For example, a report released by the Office for National Statistics, a UK government agency, in May 2024, showed that spending by foreign residents in the UK rose by 17%, increasing from $26.5 billion in 2022 to $31.1 billion in 2023. Furthermore, the number of visits to the UK by international visitors increased from 31.2 million in 2022 to 38.0 million in 2023. Hence, the upswing in international tourism is a significant driver for the growth of the data roaming market._x000D_
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What Trends Will Shape the Data Roaming Market Through 2029 and Beyond?_x000D_
Big players in the data roaming industry are centering their efforts on the development of unique technologies like future-proofing roaming security, to guarantee data safety and secure communications for global mobile users who are roaming. Future-proofing roaming security includes conducting stringent measures and adopting cutting-edge technologies to detect and handle evolving cybersecurity threats for data roaming users. This comprises the adoption of advanced encryption standards, boosting authentication procedures, and complying with regulatory norms to protect data and communications for overseas mobile users. For example, in April 2024, Deutsche Telekom AG, a German telecommunications organization, introduced Magenta Security Roaming, a ground-breaking concept focusing on future-proofing roaming security. This revolutionary concept simplifies security headaches by providing a holistic solution to all roaming security needs. It merges technology, operations, and management onto a unified platform, guaranteeing customers a hassle-free experience without having to worry about distinct platforms, operations, analytics or reporting._x000D_
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What Are the Main Segments in the Data Roaming Market?_x000D_
The data roamingmarket covered in this report is segmented - _x000D_
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1) By Service: Network Routing, Customer Care, Handset Management, Marketing And Sales_x000D_
2) By Infrastructure: Skinny Mobile Virtual Network Operator, Thin Mobile Virtual Network Operator, Thick Mobile Virtual Network Operator_x000D_
3) By Operational Model: Reseller, Service Operator, Full Mobile Virtual Network Operator_x000D_
4) By Subscriber: Consumer, Enterprise_x000D_
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Subsegments:_x000D_
1) By Network Routing: International Network Routing, Regional Network Routing _x000D_
2) By Customer Care: Customer Support Services, Billing And Payment Support, Dispute Resolution Services _x000D_
3) By Handset Management: Device Configuration Management, Device Testing And Optimization, Software And Firmware Updates _x000D_
4) By Marketing And Sales: Roaming Data Plans And Packages, Promotional Campaigns, Partnering And Wholesale Agreements_x000D_
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Which Top Companies are Driving Growth in the Data Roaming Market?_x000D_
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._x000D_
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Which Regions Will Dominate the Data Roaming Market Through 2029?_x000D_
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._x000D_
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