According to new report available with Million Insights, the mobile virtual network operator industry is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
The global Mobile Virtual Network Operator (MVNO) Market is expected to display higher growth rate over the next seven years. Rapid surge in the mobile virtual network operators industry is credited to increasing demand for data and value-added services such as live streaming and mobile commerce-based services. In addition, rising smartphone penetration worldwide and increasing mobile subscriber base are projected to foster the growth of mobile virtual network operator market over the forecast period.
Globally, the mobile virtual network operator (MVNO) industry is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the market.
Mobile virtual network operators are responsible for catering various customer demand by providing them with high speed and cost effective services. Mobile virtual network operators does not own the telecom infrastructure or license to use radio frequencies. These factors are expected to boost market growth over the forecast period. However, presence of several market players and introduction of cost cutting services in the market are anticipated to limit industry growth to a certain extent.
Read Full Research Report On Global Mobile Virtual Network Operator (MVNO) Market Analysis available at Million Insights
Development of advanced network services such as machine-to-machine (M2M) transaction and mobile money is projected to propel market growth over the coming years. The recent technological advancements in telecom sector and integration of various cloud services are estimated to fuel the market demand over the next few years. Introduction of cost efficient mobility options such as lifestyle, entertainment, and productivity to increase revenue generation are key market trends in the past few years.
The MVNO market is broadly categorized into three major segments based on the operational model type such as full MVNO, reseller MVNO and service operator MVNO. The full MVNO segment is growing rapidly in the mobile virtual network operator industry with substantial revenue generation in the last few years. Growing popularity of the full MVNO segment is attributed to the increasing number of regulatory interventions to comprehend market barriers for new market entrants and rising adoption of strategic decisions undertaken by MNOs. The service operator MVNO segment has also witnessed substantial growth owing to the development of sub-brands and increase in network utilization across the globe.
The mobile virtual network operators market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in telecommunication sector, modernization of existing telecommunication infrastructure, surge in number of research & development activities in the region and existence of well-established telecom infrastructure.
Asia-Pacific region is estimated to hold major market share in the mobile virtual network operators with massive growth in forecast period. Countries such as India, Vietnam, Myanmar, China and Singapore are leading the Asia-Pacific market with strong economic growth, development of remote management of vending machines, online gaming and surveillance services, rising disposable income and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the MVNO industry are Lebara Group B.V., Lyca Mobile Group, TalkMob Co., Giffgaff Inc., Poste Mobile Corp., CITIC Telecom International Holding Ltd., Telefonica S.A., Verizon Communications Inc., Virgin Mobile LLC, and Tracfone Wireless, Inc.
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Mobile Virtual Network Operator (MVNO) Type Outlook (Revenue, USD Billion, 2014 – 2025)
Mobile Virtual Network Operator (MVNO) Operational Model Outlook (Revenue, USD Billion, 2014 – 2025)
• Full MVNO
• Reseller MVNO
• Service Operator MVNO
Mobile Virtual Network Operator (MVNO) End-use Outlook (Revenue, USD Billion, 2014 – 2025)
Mobile Virtual Network Operator (MVNO) Regional Outlook (Volume, Million Subscribers; Revenue, USD Billion, 2014 – 2025)
• North America
• Asia Pacific
• Hong Kong
• Latin America
• Middle East
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