USD 75.23 billion
Report ID: SQSG45H2013 | Region: Global | Published Date: October, 2022 | Pages: 165
Global Mobile Virtual Network Operator (MNVO) Market was valued at USD 75.23 billion in 2021, and it is expected to attain a value of USD 124.81 billion by 2028 with a CAGR of 7.5% over the forecast period (2022-2028).
Over the course of the forecast period, the market for mobile virtual network operators is anticipated to be driven by the rising use of data and value-added services such as live streaming and M-commerce based services. According to estimates, the rising mobile subscriber base and expanding smartphone penetration around the globe would significantly contribute to industry growth. While serving a variety of consumer needs, mobile virtual network operators do not possess the necessary infrastructure or radio frequency usage rights.
There is now more competition among service providers as a result of the huge number of market participants. As a result, the players now provide mobile services at lower prices. The market for mobile virtual network operators is anticipated to expand as a result of the introduction of ground-breaking services like machine-to-machine transactions and mobile money. Additionally, mobile virtual network operators are working with smartphone producers to offer their services at low costs in an effort to draw in a new clientele, which is crucial in boosting market growth throughout the course of the projection year.
Global Market Size
USD 75.23 billion
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The global Mobile Virtual Network Operator (MNVO) market is segmented on the basis of type, operational model, end-user and region. Based on the type, the market can be bifurcated into business, discount, M2M, media, migrant, retail, roaming and telecom segments. On the basis of the operational model, the market is segregated into full MVNO, reseller MVNO and service operator MVNO segments. Based on the end-users, the market is segmented into consumer and enterprise segments. Based on region, the global Mobile Virtual Network Operator (MNVO) market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
Due to the rising adoption of cellular connectivity in machines ranging from autos to vending machines, the M2M industry is anticipated to experience considerable development. The main drivers promoting the rise of MVNOs in the M2M industry include technical developments in the 3G M2M market, an expansion of mobile network coverage, and initiatives by MNOs to broaden their service offerings. The need for the deployment of mobile network elements in M2M applications is anticipated to be driven by a large rise in the number of MNOs working with M2M application service providers over the course of the forecast year.
For diverse markets with fewer consumers, MNOs provide a variety of service plans and products, which results in expensive and ineffective operational and business support systems. Retaining existing clients and gaining new ones comes at a very high expense, particularly for fixed-term agreements. The mobile virtual network providers can aid in reducing costs, allocating resources efficiently, and raising service quality (QoS). Thus, the market for mobile virtual network operators would expand as a result. Additionally, it is anticipated that customers' main interests will revolve around affordable access to voice and data services.
Analysis by End-Use
Over the course of the forecast period, it is anticipated that the consumer segment will continue to dominate the market for mobile virtual network operators. Internet browsing and video streaming are two examples of data applications that are expanding because of faster networks and the usage of more sophisticated hardware. A growing amount of money is invested in expanding mobile broadband (MBB) connections and expanding network coverage. The mobile virtual network operator model promises advantages including time and cost savings, which are anticipated to draw in more customers and speed up the expansion of the consumer segment.
Along with expanding customer benefits, managing connected lifestyle, personal data, and growing e-commerce activities is expected to present considerable growth prospects for key players active in the market for mobile virtual network operators. Enterprise efficiency can be boosted thanks to intelligent networks connecting a variety of devices. The relationship between MNOs and MVNOs is largely influenced by brand recognition, distribution channels, marketing tactics, and market access. The focus of mobile virtual network carriers is changing from voice to one that is more data-centric. To grow their companies, MVNOs all around the world are looking for data-capable handsets.
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The majority of mobile virtual network operators are from Europe. The favorable regulatory environment, which is anticipated to play a key role in the development of mobile virtual network operators, can be credited with the expansion. Over the course of the forecast period, nations including the U.K., Germany, and the Netherlands are anticipated to positively influence regional growth. Over the forecast period, data services are anticipated to be the major services for regional growth.
Over the forecast period, significant growth is anticipated in Asia Pacific and MEA. The amazing growth of the telecom services sector in the Asia Pacific area is to blame for the rise of the market for mobile virtual network operators in that region. China, India, Vietnam, Myanmar, and other emerging economies in the area are working to expand and modernize their telecommunications networks. Over the projected period, Southeast Asian nations like Thailand, Singapore, and the Philippines are also anticipated to significantly contribute to the regional market advancement.
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The mobile virtual network operators (MVNO) market has a diverse, fresh, and competitive landscape that makes it more difficult for new firms to enter. Additionally, businesses partner and merge with other businesses, which deepens their roots and widens their distribution networks. For instance, VMB has partnered with Versa Networks to offer SD-Wan services to several businesses of various organization sizes for cloud integration, automation, security, and connectivity, increasing the size of the MVNO market.
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According to our analysis, the global Mobile Virtual Network Operator (MNVO) market is segmented based on type, operational model, end-user and regions.In terms of innovation and affordability, the B2C or consumer segment has historically outperformed the B2B sector. It's significantly more challenging to manage and bill a fleet of devices than it is to provide straightforward customer service. MVNOs also favor investing in the consumer market because it is more convenient and offers higher profit margins. The scope of the research segment is also anticipated to rise as e-SIM adoption increases. The e-SIM gives MVNOs' vendors simplicity and flexibility thanks to the remote provisioning standards developed by the GSMA.
|Market size value in 2021||USD 75.23 billion|
|Market size value in 2028||USD 124.81 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Mobile Virtual Network Operator (MNVO) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mobile Virtual Network Operator (MNVO) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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