Data Services in Wholesale Roaming Market to Swell with CAGR of Over 4.1%, Future Market Outlook Reveals
The United States is expected to hold the largest market share, valued at US$21.6 billion. Since Americans now place such importance on reliable connectivity, the demand for wholesale roaming is expected to increase in the coming years.
NEWARK, DE /ACCESSWIRE/September 7, 2022/ The Wholesale roaming market revenue was estimated at US$39.4 billion in 2021 and is expected to grow at a CAGR of 4.1% from 2022 to 2032, according to a recently released Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$60.9 billion. The market via data services is expected to witness a CAGR of 4.1% during the forecast period.
International roaming allows customers to use their cell 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 home and visiting countries.
The introduction and acceptance of 5G is expected to be the main driver of growth over the next decade. Additionally, network operators are introducing unique roaming plans that provide their customers with cost-effective options. These solutions should benefit both service providers and subscribers.
The growth of the data segment is expected to be sustained by the increasing penetration of smartphones and OTT platform applications. OTT platforms provide entertainment opportunities anytime, anywhere.
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People are increasingly preferring OTT platforms over movie theaters due to their ease of availability, which is driving the overall demand for high-speed internet bandwidth even in rural areas. Many network operators charge very little or nothing for domestic roaming, demonstrating that international roaming will eventually become the main source of revenue driving the adoption of prepaid services.
“During the projected period, the growing acceptability of OTT platforms over traditional movie theaters and the adoption of 5G are expected to be the primary growth driver for the wholesale roaming industry in the years to come.” comments an analyst from Future Market Insights.
The market is fiercely competitive, where key players are increasingly concentrating to gain a competitive edge. Leading companies in the wholesale roaming market focus on R&D to produce innovative technology solutions.
In October 2020, Telefonica SA launched Telefonica Global Solutions, a new business entity. The new business unit intends to unify its roaming, wholesale and global subscribers under one brand, thereby enhancing the consumer experience.
In February 2020T-Mobile, a major network services company in the United States, has partnered with Sprint Corporation, the network operator in the United States, to continue innovating and expanding its service in the 5G and of mobile telephony.
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Future Market Insights, in its new offering, presents an unbiased analysis of the wholesale roaming market, showcasing historical market data (2015-2021) and forecast statistics for the period 2022-2032.
The study reveals strong growth in the wholesale roaming market in terms of service (voice, SMS, data), by type of roaming (postpaid, prepaid), in five regions (North America, Latin America, Europe , Asia-Pacific and Middle East and Africa).
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What constraints would affect the staggering demand for wholesale roaming?
Some barriers prevent faster, more streamlined and more efficient wholesale roaming in clearing and settlement procedures. Some of the constraints include the long average lead times required to settle, settle and pay collaborators, increased operating expenses for legacy and newer technology implementations with limited opportunities for monetization conflicts that result in write-offs, bad debts and delays in receiving payments.
Market segments covered in the wholesale roaming market analysis
By type of roaming:
Middle East and Africa
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1.1. Global Market Outlook
1.2. Summary of statistics
1.3. Key Market Features and Attributes
1.4. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Assessment of risks and market trends
3.1. Risk assessment
3.1.1. COVID-19 crisis and impact on wholesale roaming demand
3.1.2. Comparative analysis of the impact of COVID-19 with the previous crisis
3.1.3. Impact on market value (US$ millions)
3.1.4. Assessment by key countries
3.1.5. Assessment by key market segments
3.1.6. Action points and recommendation for suppliers
3.2. Key trends impacting the market
3.3. Formulation and product development trends
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