Roaming Tariff Market Overview: Market Size, Major Drivers And Trends
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The roaming tariff market has experienced significant growth, with its size projected to increase from $66.93 billion in 2023 to $71.58 billion in 2024, at a compound annual growth rate (CAGR) of 7%. This growth is attributed to factors such as globalization, technological advancements, regulatory changes, consumer demand, market competition, economic growth, and various partnerships and alliances. The market is expected to reach $94.15 billion by 2028, with a CAGR of 7.1%. This forecasted growth is driven by the deployment of 5G, expansion of IoT, data privacy regulations, emerging markets, environmental sustainability, digital transformation, and the impact of COVID-19. Key trends in the forecast period include the advent of 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 set to boost the roaming tariff market. International travel involves crossing country borders and has been facilitated by advances in transportation technology and rising disposable incomes. Roaming tariff management solutions help mobile operators manage costs and ensure seamless communication for travelers globally. In May 2023, the International Trade Administration reported that international visitor arrivals to the U.S. totaled 5.36 million, a 26% increase from May 2022, and U.S. citizen outbound travel departures reached 8.44 million, up 24% from May 2022. Thus, the growth in international travel is propelling the roaming tariff market.
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What Are The Key Trends That Influence Roaming Tariff Market Share Analysis?
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.
Which Market Players Are Driving Growth 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
How Is The Global Roaming Tariff Market 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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The Roaming Tariff Global Market Report 2024 provides an overview of the roaming tariffmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The roaming tariff market forecast analyzes roaming tariff market size, roaming tariff market share, leading competitor and their market positions.
The Table Of Content For The Roaming Tariff Market Include
1. Roaming Tariff Market Executive Summary
2. Roaming Tariff Market Segments
3. Roaming Tariff Market Size And Template Market Growth Rate
4. Key Roaming Tariff Market Trends
5. Major Roaming Tariff Market Drivers
……
25. Key Mergers And Acquisitions In The Roaming Tariff Market
26. Top Roaming Tariff Companies
27. Roaming Tariff Market Opportunities And Strategies
28. Roaming Tariff Market, Conclusions And Recommendations
29. Appendix
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