Press release
Data Roaming Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Data Roaming Market
The increasing international tourism activities are expected to fuel the growth of the data roaming market. International tourism, driven by leisure, business, and cultural experiences, requires reliable connectivity for travelers. Data roaming services enable tourists to stay connected on their smartphones for navigation and communication while abroad. In May 2024, the UK's Office for National Statistics reported a 17% increase in spending by overseas residents in the UK from 2022 to 2023. This rise in international tourism is driving the growth of the data roaming market.
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What is the projected compound annual growth rate (CAGR) of the data roaming market from 2025 to 2034, and what factors influence it?
The data roaming market will grow from $89.43 billion in 2024 to $95.43 billion in 2025 at a CAGR of 6.7%. The increase is attributed to the growing use of smartphones and tablets, global business travel, regulations on roaming charges, the increase in international tourism, and the growth in the number of mobile subscribers.
The data roaming market is expected to grow to $122.21 billion by 2029, at a CAGR of 6.4%. This growth is attributed to customized data plans, the rising number of smartphones, changes in regulations, and the increasing adoption of sustainable practices in telecommunications. Major trends include advancements in technology, the rise of eSIM and iSIM, the expansion of 5G roaming, IoT integration, personalized roaming packages, and enhanced cybersecurity protocols.
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How are the latest trends influencing the growth of the data roaming market?
Companies in the data roaming market are developing advanced security technologies to protect data and communications for mobile users roaming internationally. In April 2024, Deutsche Telekom launched Magenta Security Roaming, a solution that simplifies security management for roaming users by integrating technology, operations, and management into a unified platform, ensuring data security without the need for separate systems.
What are the major segments of the data roaming market and their role in driving growth?
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
Subsegments:
1) By Network Routing: International Network Routing, Regional Network Routing
2) By Customer Care: Customer Support Services, Billing And Payment Support, Dispute Resolution Services
3) By Handset Management: Device Configuration Management, Device Testing And Optimization, Software And Firmware Updates
4) By Marketing And Sales: Roaming Data Plans And Packages, Promotional Campaigns, Partnering And Wholesale Agreements
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Which regions are key players in the growth of the data roaming market?
North America was the largest region in the data roaming market in 2024. 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.
Who are the key firms paving the way for growth in the data roaming market?
Major companies operating in the data roaming market are 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.
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What Is Covered In The Data Roaming Global Market Report?
•Market Size Forecast: Examine the data roaming market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the data roaming market for a structured understanding.
•Key Players Overview: Analyze major players in the data roaming market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data roaming market.
•Segment Contributions: Evaluate how different segments drive overall growth in the data roaming market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data roaming market.
•Industry Challenges: Identify potential risks and obstacles affecting the data roaming market.
•Competitive Landscape: Review strategic developments in the data roaming market, including expansions, agreements, and new product launches.
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