Global Roaming Tariff Market Grows Steadily at a CAGR of 5.2%

Introduction

Tariff plans for roaming in national and international services cover text messages, text messages, and internet services all. The market for roaming tariffs changed along with the marketing strategies used by mobile operators. Due to mobile users' shifting demand and preference dynamics, new plans have emerged and been accepted.

Market Dynamics

Growing Demand for Mobile Devices Drives the Global Market

Roaming tariffs are the extra charges that users pay when they connect to a foreign network. Due to several factors, the market for roaming tariffs is anticipated to expand. The rising number of mobile phone users, the popularity of 3G and 4G-enabled smartphones, the increase in the number of unique subscribers, and the penetration of mobile internet are some of the factors anticipated to favorably affect the growth of the roaming tariff market over the forecast period.

Fifth-Generation Roaming Creates Tremendous Opportunities

5G roaming is expected to revolutionize the telecom sector and spur economic growth by ensuring better digitization and a connected environment. 5G is anticipated to positively affect several other industries in addition to telecommunications, including logistics, smart cities, public safety, and smart agriculture, among others. Many companies are working to provide efficient mobile security solutions and modernize digital security. In order to benefit mobile operators and meet consumer demand for better network solutions while roaming, many connected solution providers are inclined to introduce cutting-edge solutions to bridge the gap between them and their customers.

Regional Analysis

Europe is the most significant shareholder in the global roaming tariff market and is expected to grow at a CAGR of 5.3% during the forecast period. It is anticipated that Europe will maintain its historical dominance of the roaming tariff market during the forecast period. According to a report from the European Union, roaming charges will no longer apply to anyone who frequently travels within the EU. Customers should be informed about roaming tariffs and the costs associated with data roaming services when they first connect to a visited network and begin a data session, per the amendments to the European Union Roaming Regulation. Furthermore, the European Union Roaming Regulation was viewed as a significant step toward protecting consumers from bill shock because it acknowledged the problem and imposed obligations on data roaming providers. These factors contribute to the growth of the regional market, which in turn contributes to the growth of the roaming tariff market.

Asia-Pacific is expected to grow at a CAGR of 6.4%, generating USD 31,936.9 million during the forecast period. As the region's mobile environment develops, both in terms of subscribers and data traffic and with roaming services still in the development stage, it is anticipated that the Asia-Pacific region will eventually realize its full potential. The Asia-Pacific mobile market space is evolving differently from other regions of the world due to mobile penetration in low-income groups and market trends for dual-SIM. Mobile users in the Asia-Pacific region frequently use callback and international call-forwarding services as alternatives to roaming. These factors favorably influence the growth of regional markets, which ultimately helps to expand the market for roaming tariffs.

Key Highlights

• The global roaming tariff marketwas valued at USD 71,325.6 million in 2021. It is expected to reach USD 112,560.7 million by 2030, growing at a CAGR of 5.2% during the forecast period (2022–2030).
• Based on type, the global roaming tariff market is bifurcated into national and international. The international segment is the highest contributor to the market and is expected to grow at a CAGR of 5.6% during the forecast period.
• Based on the distribution channel, the global roaming tariff market is bifurcated into retail roaming and wholesale roaming. The wholesale roaming segment owns the highest market and is expected to grow at a CAGR of 5.4% during the forecast period.
• Based on service, the global roaming tariff market is bifurcated into voice, SMS, and data. The data segment is the highest contributor to the market and is expected to grow at a CAGR of 6.1% during the forecast period.
• Europe is the most significant shareholder in the global roaming tariff market and is expected to grow at a CAGR of 5.3% during the forecast period.

 

Competitive Players

1. America Movil
2. AT&T Inc.
3. Bharti Airtel Ltd
4. China Mobile Ltd
5. Deutsche Telekom AG
6. Digicel Group
7. T-Mobile (Sprint Corporation)
8. Telefonica SA
9. Verizon Communications Inc.
10. Vodafone Group plc.

Recent Developments

• February 2024 - Bharti Airtel introduced new in-flight roaming plans for users, with rates as low as Rs 195. According to a statement from Airtel, "customers can now enjoy high-speed internet browsing, talk to their loved ones, and enjoy a host of other activities while thousands of feet above-ground."
• January 2024 - Reliance Jio Infocomm has made significant changes to its international roaming (IR) portfolio. New packs for the US and the UAE were unveiled, and in-flight connection charges have been lowered by more than 60%. These actions aim to take advantage of the increase in international air travel for business and pleasure.

Segmentation

1. By Type
   1. National
   2. International
2. By Distribution Channel
   1. Retail Roaming
   2. Wholesale Roaming
3. By Service
   1. Voice
   2. SMS
   3. Data