Press release
Global Mobile Virtual Network Operator Market Size To Grow At A CAGR Of 6.7% In The Forecast Period Of 2023-2028
Mobile Virtual Network Operator Market Report and Forecast 2023-2028
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 6.7%
The increasing application of mobile virtual network operators (MVNOs) in the telecommunications sector is driving the market growth. Mobile virtual network operators offer competitive offerings at reduced costs and utilise existing wireless network infrastructure efficiently. Within a telecom setting, mobile virtual network operators bring communities together, allowing them to communicate and work on requirements. Therefore, the increasing focus of telecom companies towards efficient customer acquisition and retention is leading to an escalated deployment of MVNOs, adding to the global mobile virtual network operator market.
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The increasing adoption of internet-enabled devices such as smartphones, laptops, and tablets, among others is further boosting the demand for MVNOs. Additionally, the increasing use of instant messaging apps, growing number of OTT streamers and video gamers, and rising international callers are some of the factors leading to a greater demand for social media data. Mobile virtual network operators offer cheaper data at high speeds which fulfils the daily data requirements of users.
In terms of regions, North America accounts for a sizable share in the mobile virtual network operator market. The increasing internet penetration in the region, coupled with increasing number of mobile subscribers, is driving the demand for mobile virtual network operators.
Mobile Virtual Network Operator Industry Definition and Major Segments
A mobile virtual network operator is defined as a provider of mobile services which does not have its own network. A mobile virtual network operator basically resells the network offered by a mobile operator to a third party. Mobile customers avail the same services offered by the parent mobile network operator.
Based on operational model, the market can be segmented into:
Reseller MVNO
Service Operator MVNO
Full MVNO
On the basis of type, the market has been classified into:
Discount
Specialist Data
Ethnic
Business
International/Roaming
Media
Bundled
Others
By organisation size, the market has been bifurcated into:
Small and Medium Size Enterprise
Large Enterprises
The market can be bifurcated based on subscriber into:
Consumer
Enterprise
On the basis of region, the market can be categorised into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Mobile Virtual Network Operator Market Trends
The key trends in the global mobile virtual network operator market include technological advancements across industries such as BFSI, healthcare, and aerospace, among others. These advancements are leading to a heightened deployment of superior electronic devices. Emerging technologies such as real-time location monitoring systems and cloud-based client management software are further bolstering the dependence on mobile virtual network operator services.
Meanwhile, the growing expansion of small, medium, and large enterprises is propelling the demand for mobile virtual network operator services to gain a competitive edge, which is another crucial market trend. These services also enable marketing and advertising firms in reaching niche customer segments. In addition, it amalgamates diverse portions of the population, bringing a sense of community. The bring your own device (BYOD) culture across offices is further bolstering the adoption of modern internet enabled devices, leading to an accelerated growth of the mobile virtual network operator market.
Furthermore, the growing trend of machine-to-machine connectivity in the manufacturing sector is anticipated to expand the customer base of mobile virtual network operators. Modern manufacturing facilities are focusing on using the Internet of Things to ramp up their production which is leading to a greater demand for mobile virtual network operator offerings.
Key Market Players
The major players in the mobile virtual network operator market report are Truphone Limited, Airvoice Wireless, KDDI Corporation, Virgin Mobile USA, TracFone Wireless, Inc., and Altice USA Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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