What Is The Overview Of The Global Roaming Tariff Market?
Roaming tariff refers to the charges mobile network operators apply when users make calls, send texts, or use data while traveling outside their home network's coverage area. These fees compensate for the costs of accessing foreign networks. Roaming tariffs can vary significantly between operators and regions, impacting the overall cost of international mobile usage for consumers and businesses.
Roaming Tariff Global Market Report 2024 provides data on the global roaming tariff market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The roaming tariff market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Roaming Tariff Market Expected To Grow In Size And Annual Rates?
The roaming tariff market has seen substantial growth in recent years. It will increase from $66.93 billion in 2023 to $71.58 billion in 2024, at a CAGR of 7%. This growth has been supported by globalization, technological advancements, regulatory changes, consumer demand, market competition, economic growth, and partnerships. The market is expected to reach $94.15 billion by 2028 at a CAGR of 7.1%. Factors contributing to this growth include the deployment of 5G, expansion of IoT, data privacy regulations, emerging markets, sustainability concerns, digital transformation, and the impact of COVID-19. Key trends in the forecast period will include 5G roaming services, IoT roaming solutions, personalized tariff plans, virtual SIM technology, blockchain integration, AI-driven customer support, and flexible data plans.
What Main Forces Are Fueling Expansion In The Roaming Tariff Market?
The broadening scope of international travel is anticipated to support the expansion of the roaming tariff market in the coming years. International travel involves journeys between countries or across borders, made increasingly accessible by advancements in transportation technology like more efficient airplanes. Economic growth and higher disposable incomes are enabling more individuals to afford international trips. Roaming tariff solutions simplify and enhance global connectivity for mobile operators, helping them manage costs while ensuring seamless communication for travelers. For instance, in May 2023, the International Trade Administration reported that international visitor arrivals to the United States reached 5.36 million, a 26% increase compared to May 2022. Similarly, outbound travel by U.S. citizens totaled 8.44 million, reflecting a 24% rise from May 2022. This expansion of international travel is driving growth in the roaming tariff market.
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What Are The Primary Segments In The Global 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
Which Key Trends Are Driving Changes In The Roaming Tariff Market?
Companies in the roaming tariff market are enhancing connectivity and reducing travel costs through cost-effective offerings like plug-and-play solutions. These systems allow users seamless access to mobile networks while abroad without complex setups. In April 2024, Etisalat & from the UAE launched Roaming-as-a-Service (RaaS), a managed services addition to its portfolio. This plug-and-play solution addresses mobile network operators' challenges in providing roaming services. It offers direct third-party network access, improved operational efficiency, and competitive rates while including analytical reporting tools for better service management.
What Is The Leading Region In 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.
