Mobile Virtual Network Operator Market Size is Projected to Reach US$ 119.6 Billion by 2028

Industry Overview of Mobile Virtual Network Operator Market
Mobile virtual network operators (MVNOs) are service providers that do not own a mobile spectrum license or network infrastructure, however, provide mobile services using the bought network capacity from licensed mobile network operators (MNOs). They obtain bulk access to MNO services at wholesale or discounted rates and set retail prices for customers. They also provide various benefits, such as enhanced efficiency, network independence, lower prices, and customized plans for the consumer while traveling. Owing to these benefits, mobile virtual network operator services are widely adopted in retail, media, and entertainment, and telecom industries across the globe.

How Big Is the Mobile Virtual Network Operator Market?
The global mobile virtual network operator (MVNO) market size reached US$ 73.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 119.6 Billion by 2028, exhibiting a growth rate (CAGR) of 7.36% during 2023-2028.

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Global Industry Trends and Drivers:
The market is primarily driven by the rising penetration of smartphones, effective network services, fast internet connectivity, video conferences, OTT streaming, and online gaming. In addition, the surging need for communication-based services with better network facilities is contributing to the market growth. Moreover, the growing popularity of digital services, such as machine-to-machine (M2M) transactions, mobile money, and cloud-based solutions, represent another major growth-inducing factor.
Besides this, governments of numerous countries are implementing policies to offer better network service access for consumers and encourage digital services, which is providing a thrust to market growth. Furthermore, the rising advancements in LTE infrastructure, such as the introduction of VoWiFi, ViLTE, and VoLTE, and extensive investments in 5G MVNO technology to provide efficient communication services with low latency, are other factors creating a positive market outlook across the globe.

What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Type:
• Media and Entertainment
• Discount
• Business
• Cellular M2M
• Migrant
• Retail
• Telecom
• Roaming

Breakup by Operational Model:
• Reseller MVNO
• Service Operator MVNO
• Full MVNO

Breakup by Service Type:
• Postpaid
• Prepaid

Breakup by Subscribers:
• Business
• Individual/Residential

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Airvoice Wireless, Amdocs, Asahi Net Inc., Boost Mobile, FreedomPop, Friendi Mobile, Kajeet Inc., Kddi Corporation, Lebara, Lycamobile, Tracfone Wireless Inc and Virgin Media Business.

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About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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This release was published on openPR.