What are Key Factors Causing Boom of MVNO Market?

A number of factors such as the surging demand for low-cost mobile services and penetration of mobile devices, increasing need for triple-play services in emerging economies, segment-targeted pricing and innovative distribution strategies, and rising requirement for high-speed internet connectivity across the world are expected to drive the growth of the mobile virtual network operator (MVNO) market at a CAGR of 7.1% during the foreseeable period (2021–2031). According to P&S Intelligence, the market size is projected to reach $139,663.0 million by 2031 from $66,582.0 million in 2020.

Get the Free Sample Pages: https://www.psmarketresearch.com/market-analysis/mobile-virtual-network-operator-market/report-sample

The increasing need for triple-play services in emerging economies is one of the main factors boosting the growth of the MVNO market. Service providers offer triple-play services consisting of television, broadband internet access, and latency-sensitive telephone services. The triple-play services concept is widely accepted in North America. Thus, telecom operators are progressively providing these services to retain more customers and offer better value in the region. It is expected that triple-play services will be delivered across the globe through internet in the coming years. Therefore, the need for bundled packs is rising.

Moreover, on the basis of business model, the MVNO market is classified into service MVNO, full MVNO, and reseller MVNO. Among these, the full MVNO category is projected to record the fastest growth during the forecast period. This can be because non-telecom participants, including financial institutions, retailers, and postal service providers, are projected to enter the market in the coming years through the full MVNO business model. This model becomes popular quickly because MVNOs offer to upsell their own services, their own SIM cards, create better business relationships, and take complete customer ownership.

Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=mobile-virtual-network-operator-market

Globally, the European MVNO market accounted for the largest share in 2020, and it is projected to witness the same trend in the coming years as well. This can be mainly due to the noteworthy average net revenue per user (ARPU) and the presence of a large number of MVNOs in the region. Whereas, the Asia-Pacific (APAC) market is projected to record the highest growth rate in the coming years. This can be ascribed to the partnerships between mobile phone manufacturers and MVNOs, rise in number of mobile subscribers, increase in smartphone penetration, and surge in usage of mobile data in the region.

Thus, the surging need for triple-play services and the rising demand for low-cost mobile services and penetration of mobile devices across the world are projected to propel the market growth in the coming years.

Contact Us:
P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

About Us:
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.