Mobile Virtual Network Operator (MVNO) Market Size, Share, Growth Analysis, By Type(Business, Discount, M2M, Media), By Operational Model(Full MVNO, Reseller MVNO, Service Operator MVNO), By End-User(Consumer, Enterprise), By Region - Industry Forecast 2024-2031

Global Mobile Virtual Network Operator (MVNO) Market size was valued at USD 771.68 billion in 2019 and is poised to grow from USD 833.72 billion in 2023 to USD 1672.18 billion by 2031, growing at a CAGR of 8.04% in the forecast period (2024-2031).

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.

US Mobile Virtual Network Operator Market is poised to grow at a sustainable CAGR for the next forecast year.