The wholesale roaming market is expected to increase steadily from 2023 to 2033, with a compound annual growth rate (CAGR) of 4.2%. On the other hand, the calculated CAGR of 2.1% from 2018 to 2022 suggests a somewhat sluggish rate of development over that time. In spite of this, the market value of the sector is predicted to grow dramatically, from US$ 41,656.1 million in 2023 to US$ 63,056.7 million in 2033, offering lucrative opportunities for wholesale roaming businesses.
The wholesale roaming market is critical in the telecoms sector because it allows mobile subscribers to stay connected when traveling outside of their home network service region. Further, the expanding number of mobile users, rising international travel, and rising demand for data services are driving the industry.
The need for dependable and cost-effective roaming services has increased as many individuals travel globally, accelerating the expansion of the wholesale roaming industry. Furthermore, the proliferation of smartphones and increased data usage have increased the need for effective roaming solutions.
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The market is also constrained by various constraints and problems. The complicated regulatory structure controlling international roaming agreements and rates is a big impediment. Further, stringent restrictions in many countries might make it hard for mobile network providers to negotiate favorable roaming arrangements, reducing profit margins.
The rise of Over-the-Top (OTT) services has put conventional roaming earnings under pressure, as users now have access to other communication channels that do not require traditional roaming services.
There are also prospects for expansion and innovation in this dynamic sector. With the introduction of 5G technology, there is enormous potential to improve roaming services by providing fast data rates, low latency, and better network performance. To succeed in the ever-changing telecoms ecosystem, wholesale roaming market participants must embrace technology developments, regulatory compliance, and strategic collaborations.
Key Takeaways
- In the United States, the market is expanded at a CAGR of 19.4% in 2022.
- The United Kingdom is predicted to develop steadily, with a CAGR of 3.2% by 2033, driven by increased international travel and the desire for seamless mobile connectivity overseas.
- The wholesale roaming market in India is expected to develop at a CAGR of 4.6% by 2033, owing to an increase in outbound travelers and collaborations between Indian mobile operators and overseas carriers.
- Japan’s market has a compound annual growth rate of3% as per the forecast for 2022 in the global market.
- China’s wholesale roaming market is expected to thrive at a CAGR of 5.6% by 2033, owing to an increase in foreign travelers and the government of China’s initiatives to boost global telecommunication cooperation.
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Competitive landscape
The existence of numerous prominent competitors in the telecommunications sector characterizes the competitive environment of the wholesale roaming market. Key mobile network operators, telecommunication service providers, and global roaming exchange operators are critical rivals in the wholesale roaming business. Additionally, these firms get into wholesale agreements to provide international roaming services to their subscribers when they travel overseas.
Some organizations specialize in offering wholesale roaming services to small mobile network operators, allowing them to offer roaming services to their clients without the need for several bilateral agreements with overseas partners. Factors like service quality, cost-effectiveness, and the capacity to provide seamless connectivity across international borders drive the competitive landscape.
Recent Developments:
- Vodafone, a renowned telecommunications firm, has significant wholesale roaming agreements with worldwide network operators, allowing its users to smoothly access internet, voice, and message services while traveling overseas.
- Telefonica has formed strong alliances with several foreign operators, offering its wholesale roaming services to enable mobile network operators and their users to stay connected when traveling internationally.
Market Segments Covered in Wholesale Roaming Market Analysis
By Service :
- Data
- SMS
- Voice
By Roaming Type :
- Pre-paid
- Post-paid
By Region :
- North America
- Europe
- Asia Pacific
- The Middle East and Africa
- Latin America
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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