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Mobile Virtual Network Operator (MVNO) Market in Europe is Excepted to Hold the Majority Share Around 45% by 2024 | Key Players are Boost Mobile, Consumer Cellular, FreedomPOP, GiffGaff, Lyca Mobile, Red Pocket Mobile, Talktalk, Truphone – openPR

Mobile Virtual Network Operator (MVNO) Market in Europe is Excepted to Hold the Majority Share Around 45% by 2024 | Key Players are Boost Mobile, Consumer Cellular, FreedomPOP, GiffGaff, Lyca Mobile, Red Pocket Mobile, Talktalk, Truphone – openPR


Mobile Virtual Network Operator

The Europe Mobile Virtual Network Operator (MVNO) Market is expected to hold the majority share of around 45% by 2024 due to the presence of a large number of players in the region. The industry in the region is characterized by regulations such as Roam Like At Home that is strengthening the industry growth in the region and attracting foreign investments. Technological advancements, such as virtualization, digitization, and eSIM technology, are allowing the companies to provide innovative products and services.

Mobile Virtual Network Operator (MVNO) Market is projected to surpass USD 120 billion by 2024. The growing penetration of smartphones and increasing need for data are propelling the industry growth. According to the United Nations, approximately 3.5 billion people were using internet by the end of 2016 across the globe. With growing urbanization, the population using the internet is increasing rapidly, increasing the data traffic exponentially. The increasing number of subscribers is encouraging MNOs to seek aid from the virtual service providers, increasing the MVNO market growth.

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The surging demand for low-cost data and calling services will propel the Mobile Virtual Network Operator (MVNO) Market growth during the next six years. The growing demand for low-cost data and calling services is encouraging the providers to purchase network services from the network operators at wholesale rates and sell them as refurbished bundled services at new rates. These providers launch services and bundles that are innovative and appeal to the niche customers due to their flexibility. These companies address the requirements of the customers with a range of offerings. Based on price, these providers attract customers, propelling the Mobile Virtual Network Operator (MVNO) Market growth. For instance, Mint in the U.S. operates on the network of T-Mobile and offers attractive low-cost plans.

The reduction in the Average Revenue Per User (ARPU) is compelling the companies to offer differentiated services. MNOs are also allowing the virtual operators to buy network capacities and offer customized solutions to the customers to cater to their requirements, propelling the Mobile Virtual Network Operator (MVNO) Market. With these services, the companies are increasing their brand loyalty in the low-ARPU scenario.

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India Mobile Virtual Network Operator (MVNO) Market is expected to witness a significant growth due to the favorable regulatory landscape. In May 2016, on the recommendations from the Telecom Regulatory Authority of India (TRAI), the Department of Telecommunications (DoT) issued guidelines to grant the Unified License for the MVNOs. Under this license, the virtual operators will be treated as extensions of the network operators and allow the virtual operators to enter into agreements with multiple network operators. This will attract an increasing number of players in the industry, propelling growth.

One recent instance is of the merger between Sprint and T-Mobile US that has created quite a stir in the U.S. mobile virtual network operator market, since the duo will be able to rival other prominent U.S. mobile market leaders Verizon and AT&T with their combined expertise. Industry experts have to say that the USD 26 billion proposed merger is certain to affect prices for Mobile Virtual Network Operator (MVNO) Market that will leave an influential impact on the regional business sphere. For those uninitiated, unlike Verizon & AT&T, both T-Mobile and Sprint have a substantial share in the U.S. mobile virtual network operation industry and the merger is set to play a central role in the competitive landscape.

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Some of the key players in the Mobile Virtual Network Operator (MVNO) Market are Boost Mobile, Consumer Cellular, Drillisch Telecom, FreedomPOP, GiffGaff, Lyca Mobile, Red Pocket Mobile, Talktalk, Truphone, and Straight Talk. The common strategy incorporated by the players is price differentiation to attract an increasing number of customers, particularly the value-conscious customers. These companies are offering services that are particularly designed for the customers, who seek deals that are optimized across the services they require.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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This release was published on openPR.

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