Virtual Network Operator Market: Industry Overview and Growth Forecast 2033

"The Business Research Company recently released a comprehensive report on the Global Virtual Network Operator Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The virtual network operator market size has grown strongly in recent years. It will grow from $98.40 billion in 2023 to $108.33 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increased physical network infrastructure, regulatory changes, demand for specialized telecom services, partnerships, and collaborations, and the need for cost efficiency.

The virtual network operator market size is expected to see strong growth in the next few years. It will grow to $160.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to the rise of industry-specific VNOs, convergence of telecom and IT services, shift towards network orchestration and automation, and expansion of wholesale and MVNO partnerships. Major trends in the forecast period include the 5G deployment and adoption, IoT integration, digital transformation initiatives, and the emergence of virtualization technologies.

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Market Drivers and Trends:

Rising mobile data usage is expected to propel the growth of the virtual network operator market going forward. Mobile data usage refers to the amount of data transmitted and received by a mobile device over a cellular network within a specific period. Demand for mobile data usage is on the rise due to several factors, including the increasing adoption of online content, the proliferation of streaming services, and the growing popularity of bandwidth-intensive applications. Virtual network operators utilize mobile data to provide wireless communication services to customers without owning the underlying network infrastructure. For instance, in November 2022, according to a report published by Telefonaktiebolaget LM Ericsson, a Sweden-based multinational networking and telecommunications company, global mobile network data traffic grew 38% between Q3 2021 and Q3 2022. Therefore, rising mobile data usage is driving the growth of the virtual network operator market.

Major companies operating in the virtual network operator market are focused on introducing advanced solutions, such as mobile virtual network operators (MNVOs), to gain a competitive edge in the market. Mobile Virtual Network Operators (MVNOs) are wireless communication service providers that do not own the wireless infrastructure over which they provide services. For instance, in November 2023, FPT Retail, a Vietnam-based IT company that provides telecom and digital retail services, launched its mobile virtual network operator (MVNO) in Vietnam with a 'FPT Super Data SIM' to its employees in the FPT Shops and FPT Long Châu pharmacies. With this solution, FPT Retail intends to provide MVNO services to give more services to clients while also promoting the ecosystem advantages of the entire FPT Group in various industries, including retail, internet, television, e-commerce, communication services, education, and training. With the launch of the FPT Retail MVNO, Vietnam now has five active MVNOs.

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Major Key Players of the Market:
KDDI Corporation, DISH Network L.L.C., PosteMobile S.p.A., 1&1 AG, Infobip Limited, Tesco Mobile Limited, Lebara Group BV, Boost Mobile LLC, TracFone Wireless Inc., Enreach Holding, Virgin Media Business Limited, Virgin Mobile USA, Cricket Wireless, Truphone Ltd, Asahi Net Inc., Kajeet Inc., FRiENDi Mobile, Lycamobile Pty Ltd, Airvoice Wireless LLC., TP Global Operations Limited, DataXoom Corp., FreedomPop, Asda Mobile, Giffgaff Limited, Orange S.A.

Virtual Network Operator Market 2024 Key Insights:
• The virtual network operator market size is expected to see strong growth in the next few years. It will grow to $160.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
• Rising Mobile Data Usage Is Driving The Virtual Network Operator Market
• Technological Advancements In The Virtual Network Operator Market
• North America was the largest region in the virtual network operator market in 2023

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