Latest news with #IoT-driven
Yahoo
07-04-2025
- Business
- Yahoo
Roaming Tariff Market to Reach USD 140.3 Billion by 2032, Driven by 5G Expansion and Growing Travel Demand
The Roaming Tariff Market is growing due to 5G expansion, rising travel demand, eSIM adoption, and increasing IoT-driven connectivity. Pune, April 07, 2025 (GLOBE NEWSWIRE) -- Roaming Tariff Market Size Analysis: 'The Roaming Tariff Market, valued at USD 77.5 billion in 2023, is projected to reach USD 140.3 billion by 2032, expanding at a CAGR of 6.83% from 2024 to 2032.'Get a Sample Report of Roaming Tariff Market@ Major Players Analysis Listed in this Report are: Vodafone Group – Vodafone Roaming Services AT&T Inc. – International Day Pass Verizon Communications – TravelPass T-Mobile US, Inc. – Magenta Max Roaming Orange S.A. – Orange Travel Pass Telefónica S.A. – Movistar Roaming Plans Deutsche Telekom AG – Global Roaming Plus China Mobile Limited – GoTone Roaming Packages China Telecom Corporation – 5G Global Roaming Plan China Unicom – International Roaming Service Reliance Jio – Jio International Roaming Packs Bharti Airtel – Airtel World Pass Singtel – ReadyRoam Telstra – International Roaming Day Pass NTT Docomo – World Wing Roaming Roaming Tariff Market Report Scope: Report Attributes Details Market Size in 2023 USD 77.5 Billion Market Size by 2032 USD 140.3 Billion CAGR CAGR of 6.83% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Regional Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) Key Growth Drivers • Increasing global travel and cross-border business operations are driving demand for cost-effective roaming services. Do you have any specific queries or need any customization research on Roaming Tariff Market, Make an Enquiry Now@ The market's expansion is fueled by the rising rates of global travel, growing smartphone penetration, and demand for international connectivity without a hitch. Growth is also enhanced by the uptake of eSIM technology, the rollout of 5G, and regulatory initiatives that ensure equitable pricing. Partnerships among telecom operators and developments in data roaming services also drive user experience, increasing demand. Future prospects are in the growth of IoT and M2M communications, opening up new opportunities for roaming services in the automotive and logistics sectors. Adoption of unlimited and regional roaming plans is also growing and offers substantial potential for telecom companies to acquire customers and fuel top-line growth. The U.S Roaming Tariff Market, valued at USD 23.68 billion in 2023, is projected to reach USD 42.30 billion by 2032, expanding at a CAGR of 6.66% from 2024 to 2032. The expansion of the U.S. Roaming Tariff Market is stimulated by growing global traveling, enhanced consumption of mobile data, and emerging 5G technology. Industry adoption of eSIM and IoT-based connectivity increases roaming applications in sectors like autos and logistics. Fair price control through regulations and strategic collaboration between telecom companies enhances market growth even further. Also, the increasing need for borderless communication and the arrival of flexible roaming plans are generating new business opportunities for service providers. By Roaming Type, National Roaming Leads the Market with 68% Revenue Share in 2023, International Roaming Set for Fastest Growth Amid Travel and eSIM Adoption In 2023, the national roaming segment led in the market and accounted for 68% revenue share. It is driven by high domestic traffic volumes, rural connectivity efforts, and network sharing among telecom service providers. Telecommunications suppliers give access to a number of different networks within country borders to cover areas with minimal population. Demand for smooth national roaming services is also being accelerated by increased domestic tourism, corporate travel, and the use of smart devices. The global roaming segment is expected to grow at the fastest CAGR in the forecast period. Global travel is on the rise, the digital nomad culture is on the increase, and eSIM technology adoption is driving demand. With businesses spreading in a post-pandemic era and tourism thriving, telecom operators are launching low-cost roaming plans, unlimited data plans, and strategic partnerships. With 5G rollout and IoT-based applications, global data consumption is set to grow, backed by regulatory initiatives for standard pricing. By Distribution Channel, Retail Roaming Segment Leads the Market, Wholesale Roaming Poised for Fastest Growth Retail roaming segment led the market in 2023 with the highest share owing to increasing individual consumer demands and the increased number of business and tourist travelers demanding uninterrupted mobile connectivity. Growing adoption is supported by low-cost roaming plans, bundled services, and infinite data offerings. Telecom operators are using strategic partnerships to deliver expanded coverage and low-cost retail roaming, cementing their position in the market further. The wholesale roaming segment is poised to grow at the fastest CAGR over the forecast period, led by widespread inter-operator deals and network-sharing programs. Telecommunications firms are partnering to enhance coverage, cut down expenses, and enhance service availability, especially in remote locations. The growth of IoT penetration, connected vehicles, and industrial IoT usage, combined with the 5G rollout and the widening of Mobile Virtual Network Operators, is also driving wholesale roaming demand. By Service, Data Segment Dominates Market, Voice Segment Set for Fastest Growth In 2023, the data segment dominated the market with a strong revenue share because of the extensive use of 5G, more dependency on cloud-based services, and the expanding utilization of video conferencing solutions. As tourists become more dependent on data-hungry applications such as social media, video calls, and internet entertainment, telecommunication operators are concentrating on providing unlimited and affordable roaming data packages to maximize user experience. The voice segment is expected to grow at the fastest CAGR through the forecast period, spurred by demand for trusted international calling services among business travelers and expatriates. Though VoIP has affected conventional calls, telecommunication operators are upgrading with high-definition voice technology and competitive roaming rates. 5G network expansions enhance voice quality and minimize latency, with bundled voice and data packages fueling adoption further. Roaming Tariff Market Segmentation: By Roaming Type National International By Distribution Channel Retail Roaming Wholesale Roaming By Service Voice SMS DataBuy an Enterprise-User PDF of Roaming Tariff Market Analysis & Outlook 2024-2032@ Europe Leads the Market with 43% Revenue Share, Asia-Pacific Poised for Fastest Growth In 2023, Europe led the roaming tariff market with a 43% revenue share. This is a result of strict regulations, high travel rates, and a well-developed telecom ecosystem. The European Union's "Roam Like at Home" policy has phased out additional intra-regional roaming tariffs, enhancing service uptake. Europe also enjoys large telecom operators, extensive 5G coverage, and rising eSIM adoption, further enhancing its position in the market. Asia-Pacific is expected to register the fastestCAGR in the forecast period, driven by high digitalization, rising global travel, and enhanced mobile phone penetration. Tourism, business travel, and cross-border commerce are boosting roaming demand, especially in China, India, and ASEAN countries. Increasing 5G networks, decreasing smartphone prices, rising adoption of eSIMs, and government initiatives to control roaming rates are anticipated to further fuel market growth. Table of Contents – Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Roaming Tariff Market Segmentation, By Roaming Type 8. Roaming Tariff Market Segmentation, by Distribution Channel 9. Roaming Tariff Market Segmentation, by Application 10. Regional Analysis 11. Company Profiles 12. Use Cases and Best Practices 13. Conclusion Access Complete Report Details of Roaming Tariff Market Analysis Report 2024-2032@ [For more information or need any customization research mail us at info@ SNS Insider Offering/ Consulting Services: Go To Market Assessment Service Total Addressable Market (TAM) Assessment Competitive Benchmarking and Market Share Gain About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Sign in to access your portfolio
ME Construction
10-03-2025
- Business
- ME Construction
Object 1 unveils EVERGR1N HOUSE
Sustainability Object 1 unveils EVERGR1N HOUSE By The company's regional expansion plans, includes new projects in Abu Dhabi Object 1's sustainability focused residential development, EVERGR1N HOUSE, is said to be on track for completion with handover scheduled for Q2 2026. The development is taking shape in Jumeirah Garden City and will features 219 residential units from studios to two-bedroom apartments. In line with the UAE's Green Agenda 2030, which emphasises sustainable development, environmental responsibility, and improved quality of life, the development is said to feature eco-conscious design and smart home technology. The project will also incorporate architectural elements, and facilities to promote resident well-being. The developer notes that EVERGR1N HOUSE has implemented smart home technology into every unit, from IoT-driven systems for climate control, lighting, security and energy-efficient solutions, to fully automated community amenities for convenience and functionality. By connecting homes to smartphones and tablets, residents can enjoy control over their environments, ensuring a lifestyle that is not only smarter but also more sustainable, said a statement. 'EVERGR1N HOUSE reflects our commitment to creating sustainable and urban living spaces. With its eco-conscious design, advanced technology, and amenities, it offers residents a distinctive lifestyle in one of Dubai's neighbourhood. Dubai's real estate market has experienced remarkable growth, driven by investor-friendly policies and strategic initiatives. In this thriving market, EVERGR1N HOUSE stands out as a compelling investment opportunity, combining modern , sustainability, and a prime location. As we prepare for the handover, we believe this project will set a new benchmark for residential developments in the region,' stated Tatiana Tonu, Managing Director at Object 1. EVERGR1N HOUSE reflects Dubai's urban development goals, outlined in the Dubai Economic Agenda (D33), sustainability, innovation, and economic growth. It has 15 amenities such as a wellness centre, pool, meditation area, and gym, living spaces for remote work, creating an environment that adapts to contemporary needs, the statement outlined.
Daily Tribune
30-01-2025
- Business
- Daily Tribune
Batelco Expands IoT
Batelco has strengthened its network to support Bahrain's growing demand for Internet of Things (IoT) applications, upgrading its infrastructure with Ericsson's latest cloud-native technology. The enhancement enables seamless integration of IoT and 5G Standalone services, paving the way for smarter industries, connected devices, and future-ready digital solutions. The network expansion includes the deployment of Ericsson's energy-efficient radio access network (RAN) products, improving coverage and capacity while cutting energy consumption by up to 20 percent. This upgrade enhances reliability for IoT applications, ensuring a robust and scalable network for businesses and consumers. Advanced infrastructure Batelco has also modernised its Ericsson Mediation platform, optimising its ability to handle increasing data traffic and highspeed connectivity. The upgrade enhances operational efficiency, allowing Bahrain to keep pace with the rapid adoption of IoT-driven solutions across industries. Batelco Chief Technology Officer Rashed Mohamed said the expansion reflects the company's commitment to delivering cutting-edge digital services. 'Our ongoing collaboration with Ericsson strengthens our network coverage and capacity across the Kingdom and empowers us to meet the growing connectivity demands in Bahrain seamlessly,' he said. Future-ready partnership Ericsson's Vice President and Head of Gulf Council Countries, Nicolas Blixell, described the upgrade as a significant step in enhancing Bahrain's digital landscape. 'By leveraging our cutting-edge technology, we are facilitating a strengthened digital infrastructure in Bahrain and an enhanced connectivity experience for Batelco's consumer and enterprise customers,' he said. By investing in IoT-ready infrastructure and next-generation connectivity, Batelco and Ericsson are driving Bahrain's transition to a more connected and technologically advanced future.
