The Roaming Tariff Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Roaming Tariff Global Market Report 2024, The roaming tariff market size has grown strongly in recent years. It will grow from $66.93 billion in 2023 to $71.58 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to globalization, technological advancements, regulatory changes, consumer demand, market competition, economic growth, partnerships, and alliances.
The roaming tariff market size is expected to see strong growth in the next few years. It will grow to $94.15 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to 5G deployment, IoT expansion, data privacy regulations, emerging markets, environmental sustainability, digital transformation, and COVID-19 impact. Major trends in the forecast period include 5G roaming services, IoT roaming solutions, personalized tariff plans, virtual SIM technology, blockchain integration, AI-driven customer support, and flexible data plans.
The expanding scope of international travel is expected to propel the growth of the roaming tariff market going forward. International travel refers to traveling between countries or across international borders. The advancements in transportation technology, such as faster and more efficient airplanes, have made travel more accessible and convenient. Additionally, the growth of the global economy and the rise in disposable incomes have enabled more people to afford international trips. Roaming tariff management solutions simplify and streamline international connectivity for mobile operators, allowing them to manage costs and ensure seamless communication for travelers across global networks. For instance, in May 2023, according to the International Trade Administration (ITA), a US-based Department of Commerce, international visitor arrivals to the United States totaled 5.36 million, marking a 26% increase compared to May 2022. Similarly, U.S. citizen outbound travel departures from the United States totaled 8.44 million in May 2023, reflecting a 24% increase compared to May 2022. Therefore, an expanding scope of international travel is driving the roaming tariff market.
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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
Major companies operating in the roaming tariff market are developing cost-effective services, such as plug-and-play solutions, to enhance connectivity and reduce travel costs. A plug-and-play solution for roaming refers to a system or service that allows users to easily access and use mobile network services while traveling abroad without requiring complex setup or configuration. For instance, in April 2024, Etisalat &, a United Arab Emirates-based telecom group, launched Roaming-as-a-Service (RaaS), a new addition to its managed services portfolio. This plug-and-play solution addresses the challenges mobile network operators (MNOs) face with managed roaming services. RaaS provides third-party network providers with direct access, allowing them to enhance their roaming capabilities. RaaS offers a complete managed roaming service with analytical reporting tools, enabling operators to streamline operations, and access better rates.
The roaming tariff market report table of contents includes:
1. Executive Summary
2. Roaming Tariff Market Characteristics
3. Roaming Tariff Market Trends And Strategies
4. Roaming Tariff Market – Macro Economic Scenario
5. Global Roaming Tariff Market Size and Growth
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32. Global Roaming Tariff Market Competitive Benchmarking
33. Global Roaming Tariff Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Roaming Tariff Market
35. Roaming Tariff Market Future Outlook and Potential Analysis
36. Appendix
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