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The data roaming global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Data Roaming Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The data roaming market size has grown strongly in recent years. It will grow from $84.24 billion in 2023 to $89.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing ownership and usage of smartphones and tablets, international trade and business travel, implementation of regulations affecting roaming charges and service quality, the rise in international tourism activities, and the rise in the number of unique subscribers.
The data roaming market size is expected to see strong growth in the next few years. It will grow to $114.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to the introduction of customized data plans, increasing smartphones, changes in regulations, and increasing awareness and adoption of sustainable practices in telecommunications. Major trends in the forecast period include technology advancements, adoption of eSIM and iSIM, expansion of 5G roaming, IoT integration, personalized roaming packages, and continued focus on improving cybersecurity protocols.
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Scope Of Data Roaming Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Data Roaming Market Overview
Market Drivers –
The increasing international tourism activities are expected to propel the growth of the data roaming market moving forward. International tourism includes traveling across countries for leisure, business, education, or cultural experiences. International tourism is fueled by a growing desire for artistic exploration, leisure, and business opportunities, the need for relaxation and adventure, and competitive travel pricing. Data roaming helps international tourism by enabling travelers to stay connected with their smartphones for navigation, communication, and accessing travel information, regardless of their location. For instance, in June 2022, according to a report published by the US Department of Commerce, a US-based government department, the number of foreign visitors to the US increased from 19.2 million in 2020 to 22.1 million in 2021. Therefore, increasing international tourism drives the growth of the data roaming market.
Market Trends –
Major companies operating in the data roaming market are focusing on developing innovative technologies, such as future-proofing roaming security, to ensure data and communications security for mobile users who are roaming internationally. Future-proofing roaming security involves implementing robust measures and technologies to anticipate and address evolving cybersecurity threats for the users engaged in data roaming. This includes adopting advanced encryption standards, enhancing authentication mechanisms, and ensuring compliance with regulatory requirements to safeguard data and communications for international mobile users. For instance, in April 2024, Deutsche Telekom AG, a Germany-based telecommunications company, launched Magenta Security Roaming, a new security-by-design concept aimed at future-proofing roaming security. This new concept simplifies security complexities by providing a comprehensive solution for all roaming security requirements. It integrates technology, operations, and management into a single platform, ensuring customers have easy access without concerns about separate platforms, operations, analytics, or reporting.
The data roaming market covered in this report is segmented –
1) By Service: Network Routing, Customer Care, Handset Management, Marketing And Sales
2) By Infrastructure: Skinny Mobile Virtual Network Operator, Thin Mobile Virtual Network Operator, Thick Mobile Virtual Network Operator
3) By Operational Model: Reseller, Service Operator, Full Mobile Virtual Network Operator
4) By Subscriber: Consumer, Enterprise
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Regional Insights –
North America was the largest region in the data roaming market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data roaming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the data roaming market are <b>China Mobile Ltd., Verizon Communications Inc., Deutsche Telekom AG, AT&T Inc., Tesco plc, Vodafone Group plc, KDDI Corporation, Telefonica SA, Poste Italiane SpA, Bharti Airtel Ltd., Digicel Group, Virgin Media Business Ltd., Virgin Mobile Canada, TracFone Wireless Inc., Lebara Mobile Private Limited, Asahi Net Inc., Lyca Mobile India Pvt. Ltd., Sprint Corporation, DataXoom Corp., Airvoice Wireless LLC, Red Pocket Inc.</b>
Table of Contents
1. Executive Summary
2. Data Roaming Market Report Structure
3. Data Roaming Market Trends And Strategies
4. Data Roaming Market – Macro Economic Scenario
5. Data Roaming Market Size And Growth
…..
27. Data Roaming Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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