Mobile Virtual Network Operator (MVNO) Market Share: Covering Latest Trends and Recent Developments till 2023
Europe held the largest mobile virtual network operator (MVNO) market share in terms of revenue.
PORTLAND, PORTLAND, OR, USA, July 11, 2022 /EINPresswire.com/ — Favorable growth driven by regulatory compliance, increased IoT spending, improving consumer base for mobile subscriptions and scope for telecommunications industry expansion Mobile Virtual Network Operator (MVNO) Market Growth. Furthermore, the growth associated with the B2B sector and the wireless industry is expected to create lucrative opportunities for the MVNO market.
The global mobile virtual network operator market involves the study of various MVNO models such as reseller, service operator and full MVNO. MVNOs provide financial benefits to mobile network operators (MNOs) through the creation of new revenue streams, higher margins and faster return on investment.
The current business scenario has witnessed an increase in the adoption of MVNO in both developed and developing regions, owing to technological innovations in service offerings, increase in adoption of cloud-based solutions and the increasing application areas for Internet of Things (IoT) & Long-Term Evolution (LTE) in the telecommunications industry.
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Furthermore, favorable growth through regulatory compliance and increased number of mobile subscribers is expected to complement the growth of the MVNO market during the forecast period. Growth in the development of telecommunications infrastructure expenditure in emerging countries, improved service capabilities and the presence of lucrative opportunities for the telecommunications industry are expected to fuel the demand for the MVNO market.
However, increasing operational costs associated with the deployment of affordable services and low profit margins and discounted tariffs due to the presence of low cost inputs by players are expected to hamper the growth of the MVNO market.
The full MVNO segment dominated in 2016, with a revenue share of around 54% of the global market, thanks to the improvement of the telecommunications infrastructure and the improvement of the market for wireless services and cloud solutions to meet untapped markets in developing countries.
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The MVNO market is categorized based on geography into North America, Europe, Asia-Pacific, and LAMEA. Europe was the main revenue contributor in 2016, accounting for approximately 41% market share. However, Asia-Pacific is expected to grow at the highest CAGR of 13.4% during the forecast period.
The report outlines the competitive scenario of the Mobile Virtual Network Operators (MVNO) Market and provides a comprehensive analysis of significant growth strategies adopted by key players. Major players operating in the market are Tracfone Wireless, Inc., RedPocket Mobile, AirVoice Wireless, FreedomPop, Freenet AG, KDDI Mobile, Polkomtel Plus, Tesco Mobile Ltd, Virgin Mobile USA, and Kajeet, Inc.
Key Findings of the Mobile Virtual Network Operator (MVNO) Market:
• The comprehensive MVNO segment dominated the global market in 2016, and the MVNO service operator segment is expected to grow at the highest CAGR from 2017 to 2023.
• The cellular M2M segment is estimated to offer significant growth opportunities for the key players operating in the global market.
• The MVNO market in Europe should be dominant in terms of market size. However, it is estimated that Asia-Pacific will register a significant growth rate in the future.
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