Global Roaming Tariff Market Forecast to 2030 - Covid-19 Impact Analysis (By Roaming Type: National and International; By Service: Voice, SMS, and Data; and By Distribution Channel: Retail Roaming and Wholesale Roaming) - Global Market Size, Industry Trends, Competitive Landscape, and Opportunities
The global market for roaming tariff accounted for US$ 68 Bn in 2021 and is anticipated to reach US$ 101 Bn by 2030 with a CAGR of 4.5% from 2022 to 2030.
Roaming is the word used to describe using phone while if an individual is overseas. International mobile roaming is a service that allows mobile users to continue using their phone or other mobile device while visiting another country to make and receive voice calls and text messages, access the internet, and send and receive emails.
Roaming extends the retail voice and SMS services of the home operator, enabling the mobile user to keep using their home operator phone number and data services while travelling outside of the country. A wholesale roaming agreement between a mobile user's home operator and the visited mobile operator network enables seamless coverage extension. The roaming agreement addresses the commercial and technical aspects of the service. Roaming has been regarded as complicated and expensive, particularly in the consumer market. Despite operators moving to appealing on-net pricing and simpler pricing structures, roaming valuations frequently hit the headlines with users, particularly when using data, receiving large invoices.
Adoption of roaming analytics and global expansion of VoLTE networks are expected to boost market growth. The growing proclivity of telecom service providers to roll out 5G services is expected to fuel market growth during the forecast period. Blockchain has recently begun to make inroads into the roaming sector.
Furthermore, rising internet and mobile network penetration is expected to drive market growth. Furthermore, the increasing adoption of 4G network services is expected to drive market growth. According to international telecommunication unions, approximately 80.9 percent of the world's population has access to the internet in 2018.
The market is expected to see new growth prospects in the coming years as previously postponed events are held alongside other scheduled events. Furthermore, the global tourist industry is expected to experience a surge as a result of a large number of international travelers who were unable to travel due to the pandemic. International tourism is a major driver of socioeconomic progress.
Roaming type, service, distribution channel, and region are the four categories of the global roaming tariff industry. Based on the roaming type sector, the segmentation includes national and international. Based on our analysis, the international segment is expected to dominate the roaming tariff market during the predicted years. International roaming tariffs have received much interest in the market because they are one of the several communication services offered to mobile users while going overseas.
The service segment is divided into SMS, voice, and data. Based on Service, the data segment achieved a significant market share in 2021. As an alternative to the standard charges, the large bulk of telecommunications companies offer data roaming plans. The distribution channel segment is further categorized into wholesale roaming and retail roaming.
Global Roaming Tariff Market Geographical Competition
The global roaming tariff industry is divided into North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. Europe will have the largest market share of any region in 2021. According to a European Union report, all people traveling within the EU on a continuous basis will no longer have to pay roaming fees. People have only had to pay for domestic charges since June 2017. Furthermore, wholesale data roaming charges are controlled in the EU and European Economic Area, according to the OECD report, and are subject to accountability and bill control measures. From 2022 to 2030, Asia Pacific is expected to be the fastest-growing regional market. According to statistics, Asia - pacific region ranked second behind Europe in terms of tourist arrivals in 2018, with over 350 million visitors.
Global Roaming Tariff Industry Segment Analysis
Market By Roaming Type
· Spare Parts
Market By Service
Market By Distribution Channel
· Retail Roaming
· Wholesale Roaming
Roaming Tariff Market Leading Companies
This section of the study honors the market's top vendors AT&T Inc., China Mobile, Bharti Airtel Limited, T-Mobile, Deutsche Telekom AG, Vodafone Group Plc, Telefónica, S.A., and Verizon Communications Inc. are the key companies mentioned in the research.
Roaming Tariff Market Regions
· Rest of Europe
· Rest of Latin America
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· South Africa
· Rest of Middle East & Africa