According to the research report titled, ‘Global Roaming Tariff Market Size study, by By Roaming Type (National, International), By Distribution Channel (Retail, Wholesale), By Service (Voice, Data, SMS), and Regional Forecasts 2021-2027,’ global roaming tariff market was worth USD 70.76 billion in 2020 and is anticipated to register an annual growth rate of 5.1% during 2021-2027, thereby amassing USD 100.23 billion by the year 2027.
 

Favorable government initiatives, growing smartphone penetration, and surging tourist population are aiding towards the expansion of global roaming tariff market. For the unversed, roaming is basically a term referred to the ability of a cellular customer to make and receive phone calls exchange data and access other services without dialing a number.
 

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In addition, possibility of all the postponed international events due to COVOD 19 outbreak to be rescheduled soon and launch of innovative roaming types are augmenting industry outlook. Citing an instance, established network service provider T-Mobile US Inc partnered with Sprint Corporation in February 2020 to focus on innovation and amplify its services in 5G and mobile wireless sectors.
 

On the contrary, strict government regulations to decrease traffic margins and drop in business travel are likely to hamper the remuneration scope of global roaming tariff market in the ensuing years.
 

Regionally speaking, North America, Latin America, Asia Pacific, and Europe are considered to understand the dynamics of this business sphere. Among these, Europe accounts for a significant market share due to high tourism attraction from all across the globe.
 

On the other hand, Asia Pacific market is projected to amass considerable gains during 2021-2027, primarily due to the presence of production and manufacturing plants of seral established industry players.
 

NTT Docomo Inc., Nextel Communications Inc., Lycamobile Group, Digicel Group Limited, Claro Company, China Telecom Corp. Ltd., China Mobile Limited, Vodafone Group plc, Bharti Airtel Limited, and AT&T Inc. are the leading players defining the competitive hierarchy of global roaming tariff market.
 

The abovementioned players are undertaking strategic initiatives like mergers & acquisitions, collaboration deals, partnerships, research & development investments, product launches, and many more in order to expand their reach in the overall market and garner substantial returns.