Mobile Virtual Network Operator Market size worth over $85bn by 2022: Global Market Insights Inc.
Global Mobile Virtual Network Operator (MVNO) Market Size By Country (U.S., Canada, Germany, Italy, UK, France, Spain, Netherlands, Brazil, Mexico, Colombia, Singapore, Malaysia, Australia, Japan, Hong Kong, Africa), Industry Analysis Report, Regional Analysis, Application Potential, Competitive Market Share & Forecast, 2015 – 2022”
Ocean View, Delaware, Jan. 09, 2017 (GLOBE NEWSWIRE) — MVNO Market share to grow at over 9.6% CAGR from 2015 to 2022 owing to rise in number of smartphones and mobile broadband users as per a newly released research report by Global Market Insights, Inc.
Rising penetration of mobile network subscribers across the globe is anticipated to drive the MVNO market growth over the forecast period. Considerable funding by mobile network operators to advance the telecom infrastructure is likely to have a positive impact on the Mobile Virtual Network Operator market size.
Internet providers such as Alibaba and WhatsApp and device manufacturers including Xiaomi and Foxconn have launched this product line in 2015, which offers lucrative opportunities for the Mobile Virtual Network Operator market size. Mobile network operators (MNOs) are supporting MVNOS in order to increase their industry revenue, gain more consumers and expand into the niche industry segments.
The increase in the adoption of Internet of Things (IoT) and Machine to Machine (M2M) technologies may fuel mobile virtual network operator industry growth. It is attributed to the ability of Mobile Virtual Network Operator to generate revenue stream from roaming services as it delivers consistent global accessibility. U.S. MVNO market is predicted to witness attractive growth prospects over the next eight years; credited to the participation of various new entrants in the industry. For instance, in September 2016, Mango Mobile entered the U.S. mobile virtual network operator industry and launched several plans such as the 100 MB of LTE data per month and USD 19 plan offering 250 voice minutes.