Data Services in Wholesales Roaming Market to Swell with Over 4.1% CAGR, Reveals Future Market Insights
Future Market Insights, Inc.
7 min read
The United States is expected to hold the largest market share, valued at US$ 21.6 Bn. Since Americans now place such a high value on reliable connectivity, the demand for wholesale roaming is expected to surge in the years to come.
NEWARK, DE / ACCESSWIRE / September 7, 2022 / The Wholesale Roaming Market revenues were estimated at US$ 39.4 Bn in 2021 and is anticipated to grow at a CAGR of 4.1% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 60.9 Bn. The market through data services is projected to witness a CAGR of 4.1% during the forecast period.
International roaming allows customers to use their mobile phones outside of their home country if their home router operator does not provide service. This is made possible by roaming agreements established between MNOs in the home and visiting countries.
The introduction and acceptance of 5G are expected to be the key growth engine in the coming decade. Furthermore, network operators are introducing unique roaming plans that offer their customers cost-effective options. These solutions are projected to benefit both service providers and subscribers.
The growth of the data segment is anticipated to be maintained by the rising penetration of smartphones and OTT platform applications. OTT platforms provide entertainment possibilities at any time and in any location.
People increasingly favor OTT platforms over movie halls due to their ease of availability, boosting overall demand for high-speed internet bandwidth even in rural regions. Numerous network operators are charging very little or nothing at all for domestic roaming, demonstrating that international roaming will eventually become the key source of income that push the adoption of prepaid services.
"During the projected period, the increasing acceptability of OTT platforms over traditional movie theatres, and the adoption of 5G is anticipated to be the key growth driver for the Wholesale Roaming industry in the coming years." comments a Future Market Insights analyst.
Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Wholesale Roaming Market are focused on R&D to produce innovative technological solutions.
In October 2020, Telefonica S.A. launched Telefonica Global Solutions, a new business entity. The new business unit intends to unify its roaming, wholesale, and global subscribers under a single brand, therefore enhancing the consumer experience.
In February 2020, T-Mobile, a major network services company in the United States, combined with Sprint Corporation, the network operator in the United States, to continue to innovate and extend its service in the 5G and mobile cellular sectors.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Wholesale Roaming Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Wholesale Roaming Market in terms of Service (Voice, SMS, Data), by Roaming Type (Postpaid, Prepaid), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
What restraints would affect the Staggering Demand for Wholesale Roaming?
There are certain barriers standing in the way of a quicker, more streamlined, and more effective wholesale roaming in clearing and settlement procedures. Some of the restraints include long average times taken to clear, settle, and pay collaborators, increasing operation expenditure for legacy and latest technological implementations with limited opportunities for monetization conflicts that result in write-offs, bad debt situations, and delays in receiving payments.
Market Segments Covered in Wholesale Roaming Market Analysis
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