The global mobile virtual network operator market size is expected to reach USD 109.9 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growing demand for data services and increasing number of mobile users across the globe is expected to drive the market. In addition, the increasing number of services such as cloud, Machine to Machine (M2M), and mobile money are further expected to drive demand for mobile virtual network operators over the forecast period.
The growing demand to access
mobile applications, social media, and multimedia services is further expected
to propel the growth of the market over the forecast period. The declining
prices of smartphones are contributing to the accelerating subscriber
penetration across the globe is expected to fuel the growth of the market. Furthermore,
increasing partnerships formed by key players for providing high-speed data
services to consumers is anticipated to drive market growth over the forecast
period.
Favorable government guidelines
for mobile virtual network operators (MVNOs) allow them to access the Single
Wholesale Network (SWN) and the mobile operator networks, as well as eliminate
national roaming charges. This is expected to drive the growth of the market
over the forecast period. The increasing government initiatives, such as the
Digital Single Market (DSM) strategy, to eliminate copyright issues and
geo-blocking problem and to provide better network service access for consumers
in the Europe is expected to drive growth of the market over the forecast
period.
The presence of a large number of
players in the MVNO market has led to increased competition among service
providers. This has led companies to offer mobile services at cheaper rates,
which is expected to strengthen the market growth. The mobile virtual network
operator model is considered cost-effective and time-efficient to enter in the
telecom market to benefit the customers. This is expected to provide potential
opportunities for new entrant in the market over the next eight years.
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Mobile Virtual
Network Operator Market Report Highlights
- The discount segment is
expected to register phenomenal growth over the next eight years. High
competition among mobile virtual network operator service providers to
provide better and low-cost services coupled with the growing consumer preference
for services offered at a discount is expected to drive the demand for the
discount segment
- The service operator segment
is expected to witness the fastest CAGR over the forecast period as it
provides various service platforms such as voicemail and missed call
notification
- The consumer segment is
projected maintain its dominance over the next eight years. This growth
can be attributed to mobile virtual network operators that provide
customer centric offerings such affordable data and voice plans and latest
technology
- Asia Pacific is expected to
emerge as the fastest-growing regional mobile virtual network operator
market over the forecast period. The growing demand for an efficient
cellular network coupled with increasing speed of mobile broadband are
expected to propel the growth of the market in Asia Pacific region.
- Key industry participants in
the market include Lebara Group; Lyca Mobile; TalkTalk Group; Giffgaff;
Poste Mobile SpA; Virgin Mobile; and TracFone Wireless Inc.
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Mobile Virtual
Network Operator Market Segmentation
Grand View Research has segmented
the global mobile virtual network operator market on the basis of type,
operational model, end use, and region:
MVNO Type Outlook
(Revenue, USD Billion, 2016 - 2027)
- Business
- Discount
- M2M
- Media
- Migrant
- Retail
- Roaming
- Telecom
MVNO Operational
Model Outlook (Revenue, USD Billion, 2016 - 2027)
- Full MVNO
- Reseller MVNO
- Service Provider MVNO
MVNO End-use
Outlook (Revenue, USD Billion, 2016 - 2027)
- Consumer
- Enterprise
MVNO Regional
Outlook (Volume, Million Subscribers; Revenue, USD Billion, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- Netherlands
- Italy
- U.K.
- Spain
- France
- Asia Pacific
- Australia
- Japan
- Singapore
- Hong Kong
- Malaysia
- Latin America
- Colombia
- Brazil
- Mexico
- MEA
- Middle East
- Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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