PUBLISHER: 360iResearch | PRODUCT CODE: 1500471
PUBLISHER: 360iResearch | PRODUCT CODE: 1500471
[182 Pages Report] The Roaming Tariff Market size was estimated at USD 76.97 billion in 2023 and expected to reach USD 81.58 billion in 2024, at a CAGR 6.16% to reach USD 116.99 billion by 2030.
The roaming tariff consists of mobile network operators (MNOs) that offer international voice, text messaging, and data services and cater to customers traveling outside their home country. The prevalence of international tourism for leisure and business purposes owing to increasing globalization and government initiatives to eliminate or reduce roaming charges are boosting the demand for roaming tariff solutions. However, challenges faced by the roaming tariff market include regulatory issues concerning data privacy and security and increasing competition from alternative communication platforms, such as instant messaging applications offering free voice calls and messaging services over Wi-Fi or mobile data connections. In addition, high infrastructure costs associated with establishing cross-border partnerships can pose financial constraints on smaller MNOs seeking to expand their global footprint. Furthermore, leveraging advanced technologies, including artificial intelligence (AI) and machine learning (ML), can help analyze customer data and provide personalized roaming plans. The development of innovative pricing models based on usage patterns and preferences is expected to generate lucrative opportunities for roaming tariffs in the future.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 76.97 billion |
Estimated Year [2024] | USD 81.58 billion |
Forecast Year [2030] | USD 116.99 billion |
CAGR (%) | 6.16% |
Regional Insights
The Americas represents a significant landscape in the roaming tariff market due to frequent cross-border business and leisure travel. The North American Free Trade Agreement (NAFTA) has facilitated trade among these countries and increased the need for seamless connectivity. Additionally, several tech giants in this region are investing heavily in research related to 5G networks, which will significantly impact the roaming tariffs market. Europe, the Middle East, and the African region represent a rapidly evolving roaming tariff market owing to significantly expanding international tourism and growing customer expenses for high-speed connectivity while traveling. Meanwhile, due to economic constraints, African customers demanded affordable roaming tariffs. In contrast, countries including Saudi Arabia and UAE from the Middle East have high-income populations driving demand for roaming tariff premium services. Asia-Pacific has a developing market landscape due to the rapid adoption of mobile internet usage owing to heavy investments in network infrastructure, leading to price disruption in mobile telecom services.
Market Insights
The market dynamics represent an ever-changing landscape of the Roaming Tariff Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Roaming Tariff Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Roaming Tariff Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
Tata Communications Launches 5G Roaming Lab for Mobile Network Operators
Tata Communications introduced its cloud-based 5G Roaming Laboratory, a platform for Mobile Network Operators (MNOs) to test various use cases of 5G technology. This initiative aims to empower MNOs in revolutionizing the mobility experiences of both their consumer and enterprise clientele by utilizing 5G capabilities. The 5G Roaming Laboratory by Tata Communications provides a valuable opportunity for MNOs to drive advancements in the field of mobility and pave the way for a future of enhanced connectivity. [Published On: 2023-08-23]
easySim Launches Affordable eSIM Data Roaming for Travellers Worldwide
easySim.global, a subsidiary of easy, introduced a new and groundbreaking data roaming service for users traveling overseas in more than 150 countries. easySim provides cost savings to international travelers on mobile data usage outside their standard coverage zone. U.K. travelers visiting popular destinations such as Turkey, the USA, Morocco, and Thailand can enjoy reduced roaming costs compared to their regular plans. [Published On: 2023-07-18]
Vi Launches Unlimited International Roaming Packs for Postpaid Users
Vodafone Idea (Vi) introduced four new international roaming packs exclusively for postpaid users. These plans, ranging from INR 599 to INR 4,499, offer unlimited calls, data, and messages in 29 countries worldwide. The plans cover popular destinations such as the U.S., U.K., Thailand, Italy, UAE, Australia, and Singapore. [Published On: 2023-06-08]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Roaming Tariff Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Roaming Tariff Market, highlighting leading vendors and their innovative profiles. These include AT&T Inc., Bharat Sanchar Nigam Limited, Bharti Airtel Limited, China Mobile Ltd., China Telecom Corporation Limited, China United Network Communications Group Co., Ltd., Claro Company, Deutsche Telekom AG, Digicel Group, Emirates Telecommunications Group Company PJSC, Jordan Telecom Group, KT Corporation, Lyca Mobile, MTN Group Limited, NTT Docomo, Inc., Orange International Carriers, PCCW Enterprises Limited, Reliance Jio Infocomm Limited, Saudi Telecommunication Company, Singapore Telecommunications Limited, Telefonica, S.A., Telkom SA Limited, Telstra Group Limited, Verizon Communications Inc., and Vodafone Group PLC.
Market Segmentation & Coverage