Asia-Pacific Mobile Virtual Network Operator (MVNO) Market is Expected to Witness Fastest Growth During the Forecast Period (2018 – 2024)

The global mobile virtual network operator (MVNO) market is anticipated to grow at 11.3% CAGR during the forecast period, reaching USD 113.1 billion by 2024. Extensive utilization of services and data concerning mobile devices that is live-streaming and commerce based is further accentuating the growth of MVNO market across the globe.

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The substantial investments undertaken by key players in the market is majorly focused on improving mobile broadband connectivity and network coverage that is further strengthening the growth of the MVNO market.

On the basis of type, the MVNO market is segmented into discount, media, business, retail, roaming, migrant, M2M and telecom. Among these segments, M2M segment is expected to witness the fastest growth during the forecast period due to increasing cellular connectivity across the globe, and increasing adoption of connecting devices.

On the basis of end-user, the MVNO market is segmented into consumer and enterprise. Among these two segments, enterprises segment is expected to witness higher CAGR during the forecast period as these networks are operators find enterprise market lucrative due to the high compliance and long-term relationship with the enterprises.

Asia Pacific is projected to witness the fastest growth of during the forecast period since various emerging economies such as India, Myanmar, Vietnam and China are emphasizing efforts towards the enlargement of telecommunication facilities and modernization. The rampant growth of telecommunications segment in this region is the major factor pertaining towards the growth of MVNO market.

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Key players operating in MNVO market are leveraging market growth through various mergers & acquisitions and collaboration of existing firms with several other enterprises that are helping the key players operating in MVNO industry to gain competitive advantage and hence provide improved services to its clients.

The key players operating in the global MVNO market include IBM Corporation, Appsee, Swrve, TUNE, Localytics, Amplitude, AppDynamics, Heap, AppsFlyer, Mixpanel, App Annie, Taplytics, Apptentive, Kochava, MOENGAGE, and CleverTap.

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