Europe MVNO Market is Projected to Hold the Majority Share of Around 45% by 2024 | Key Players are AT&T, BT, Etisalat, MTN, Orange, Sprint, T-Mobile, Telefónica, Three., Verizon, Vodafone, TalkTalk

The Europe 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.

MVNO market has been gaining extensive recognition in recent times, in sync with the evolving business models in a hyper connected digital realm. The progressive pathway carved by MVNO market is vividly evident from the recorded share of USD 55 billion in 2017. Even nearly half a decade back, MVNOs were mostly associated with B2C (business-to consumer) services, and the marketplace has experienced many ups and downs with economic forces and consumer preferences.

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The huge growth potential and the fragmented nature of MVNO market have in turn encouraged a slew of industry magnates to try their hands on the technology. Companies offering voice & SMS services, internet data, and telecom infrastructure are further betting big on service providers and mobile network operators to attract price-conscious customers. Needless to mention, the growing number of industry magnates are outwardly adopting mergers & acquisitions as a major strategy to sustain the competition.

The key players covered in this study: -

1. TalkTalk
2. TracFone Wireless
3. Truphone
4. Voiceworks
5. América Móvil
6. AT&T
7. BT
8. China Mobile International Limited
9. Etisalat
10. MTN
11. O2 (Telefónica UK)
12. Orange
13. SK Telecom
14. Sprint
15. T-Mobile
16. Telefónica
17. Deutsche Telekom
18. Three.
19. U.S. Cellular
20. Verizon
21. Vodafone

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The surging demand for low-cost data and calling services will propel the 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 MVNO market growth. For instance, Mint in the U.S. operates on the network of T-Mobile and offers attractive low-cost plans.

In the light of the recent scenario, it is vividly conspicuous that MVNOs have become integral vertical in leading companies worldwide. While cable companies are vying with one another to unlock its potential in fixed mobile convergence, some retailers are transiting into MVNO market in a bid increase their profit margin. With companies and modern business models seeking to explore new avenues of cost-effective and customer-centric approach, mobile virtual network operator industry size is sure to mark an escalation in terms of revenue streams.

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All in all, the intense strategies adopted by industry titans to increase their profit margins and favorable governmental initiatives elevating emerging economies to be next lucrative investment hubs are generating excellent expansion prospects for MVNO market growth. A presumption validating the same is of Global Market Insights, Inc., that claims the global mobile virtual network operator market to witness a double-digit CAGR of 12% over 2018-2024.

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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Corporate Sales, USA
Global Market Insights, Inc.
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This release was published on openPR.