The roaming tariff global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Roaming Tariff Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Roaming Tariff Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Roaming Tariff Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Roaming Tariff Market Report Structure
3. Roaming Tariff Market Trends And Strategies
4. Roaming Tariff Market – Macro Economic Scenario
5. Roaming Tariff Market Size And Growth
…..
27. Roaming Tariff Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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