Roaming Tariff Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe global roaming tariff market size is expected to reach
USD 100,750.0 million by 2025, registering a CAGR of 5.5% according to a study
conducted by Grand View Research, Inc. The increasing number of internet users
coupled with growing international tourism are anticipated to positively impact
the market growth.
In recent years, LTE subscriptions have increased at
a significant rate owing to broader network coverage. Developing countries such
as India and Japan are ranked among countries with the largest internet user
base. In addition, the use of high-end mobile devices, such as 4G-enabled
smartphones, is also increasing owing to advantages such as low latency and
easy access to data & voice services when traveling abroad. For instance,
according to International Telecommunication Union (ITU), the number of
internet users in developing countries accounted for 2,868 million in 2018.
Moreover, according to GSMA, smartphones are expected to emerge as the leading
and most popular mobile devices used by individuals across all regions by 2020,
which is expected to boost the adoption of smartphones to a total of 80% by
2025.
The rapid growth of international tourism is also
expected to contribute to the roaming tariff market growth. The Australian
Government revealed that 8.6 million international tourists visited Australia
in June 2017. Furthermore, the Australian government updated its Memorandum of
Understanding (MoU) with China, India, and Australia in 2016, 2014, and 2017,
respectively, for encouraging tourism activities.
The launch of 5G services in 2020 is likely to
unfold numerous growth opportunities for the market owing to better coverage
and enhanced network capacity. However, regulatory pressures and government
intervention in some countries have led to reduced tariff margins for network
providers, thereby hampering the market growth. For instance, in 2016, the
European Union announced zero roaming charges for European citizens traveling
across the region, allowing them to text, call, and browse the internet on
their mobile devices at the same price they pay at their home country.
Further
key findings from the study suggest:
- Based on type, the international segment accounted for a market
share exceeding 70% in 2018 owing to the growing international tourism
coupled with numerous government initiatives aimed at encouraging tourism
- The wholesale distribution channel segment was valued at
approximately USD 50,000.0 million in 2018 and is expected to register a
CAGR exceeding 5% from 2019 to 2025, owing to the rise in tourism
activities globally
- Based on services, the data segment held the largest market share of
over 60% in 2018, which can be attributed to an increase in the number of
smartphone users
- The market is expected to witness substantial growth in Asia Pacific
owing to factors such as rising disposable income, increased adoption of
smartphones, and significant number of internet users in the region
- The roaming tariff market is highly consolidated and characterized
by high competition. Major global players operating in the market include
America Movil, AT&T Inc., Bharti Airtel Ltd., China Mobile Ltd., and
Digicel Group.
Access
full research report on global roaming tariff market:
www.grandviewresearch.com/industry-analysis/global-roaming-tariff-market
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Created on Jan 20th 2020 05:49. Viewed 177 times.