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Global Mobile Virtual Network Operator (MVNO) Market - Segmentation By Type (Media, Discount, M2M, Retail, Business, Migrant, Roaming, and Telecom), By Operation Model (Full MVNO, Reseller MVNO, and Service Operator MVNO), By End-User (Enterprise and Consumer) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 10901
Pages: 150
Formats: report pdf report excel report power bi report ppt

Global Mobile Virtual Network Operator (MVNO) Market Size & Growth (2023-2028)

The Mobile Virtual Network Operator (MVNO) Market was worth USD 63.3 billion in 2022, and it is predicted that it will reach a valuation of USD 89.9 billion by the end of 2028 with an annual expansion rate (CAGR) of 7.3% between 2023 and 2028.

Mobile Virtual Network Operators (MVNOs) are operators that do not own the frequency spectrum but have contracts with existing Mobile Network Operators (MNOs). MVNO buys a few minutes from MNO and then resells them to consumers. MVNOs are diverse, some resell only mobile services, others provide services and operations that consumers cannot know if they are MVNO or MNO. Competition in the MVNO market in recent years has shifted from pricing to value-added services and product differentiation, as MNOs stand out in the market for low-cost cellular services in both developed countries as in development. This model offers advantages for both MVNO and MNO. MVNO provides these services to end users with no supporting infrastructure and no government license fees.

Global Mobile Virtual Network Operator (MVNO) Market Recent Developments

  • In March 2020, Verizon Communications Inc. announced the launch of a new virtual network, Yahoo Mobile. With this, operators will provide their customers with unlimited chat, text, data and mobile hotspot capabilities.
  • In December 2019 - 1 & 1 Drillisch AG planned to rent out spectrum to Telefónica for the induction of its own 5G mobile network. It contains two frequency blocks of 10 MHz each in the 2.6 GHz band.

Global Mobile Virtual Network Operator (MVNO) Market Growth

The MVNO market is showing significant growth as the Internet penetration rate increases and the number of smartphone users rises around the world.

Global Mobile Virtual Network Operator (MVNO) Market Drivers

The growth of data and value-added services such as live streaming and mobile commerce-based services are the main factors expected to drive global MVNO market growth during the foreseen period. Also, the rise in individual smartphone adoption is another factor that is expected to further drive the growth of the target market. MVNO provides optimal network utilization, launches and markets sub-brands to help increase revenue, and supports MNOs. MVNOs also offer lower-cost mobile options to other markets to benefit end users, and with better service and tracking to help MNOs maintain their customer base, optimized resource allocation, and better service for end users. Support quality. Also, fierce competition among telecom operators to provide low-cost currency and data services is supporting the growth of the global market. MVNO is expected to support the growing spectrum of communications from 3G, 4G to 5G, providing customers with value-added services at higher speeds. A growing number of mobile subscribers around the world is also expected to drive the market during the forecast period. Advances in cellular infrastructure and expanded support from MNOs help broaden the prospects of the MVNO market. In Europe, for example, government regulations require mobile service providers to support MVNOs across the broader spectrum of communications for their use. The additional bandwidth of the 3G communications spectrum has helped MVNO better serve its customers. For example, this enables network operators to provide classified services to specialized business segments. MVNO has been able to offer low rates for international calls that have been well received by people to keep in touch with family and friends at low cost. Additionally, the availability of up-to-date services such as machine-to-machine (M2M) transactions and mobile money is another factor that is expected to drive growth in this market in the near future.

Additionally, technological advancements such as cloud-based services are another factor that is expected to drive the growth of the target market during the outlook period. Advances in technology and growing demand for mobile internet are expected to create potential revenue opportunities for players operating in the target markets during the conjecture period. The widespread use of advanced devices and the increase in network speed are the main factors driving the growth of the global market. These factors have led to increased use of data applications such as Internet browsing and video streaming. Also, significant investments are being made to improve network coverage and mobile broadband connectivity that will greatly support the growth of the global MVNO market in the near future. In addition, the benefits that technologies such as voice services and low-cost data provide to customers are attracting more customers with these services. Additionally, mobile network operators (MNOs) are making significant investments in the maintenance and progression of infrastructure dominated by major players, which is another factor related to the growth of the MVNO market around the world.

Global Mobile Virtual Network Operator (MVNO) Market Restraints

Increased operating costs for MNOs and declining average revenue per user are expected to hamper the growth of the global MVNO market. Strict government regulation is a challenge for the mobile virtual network operator (MVNO) market. The lack of trained professionals is also a major factor that is estimated to limit the growth of the global market during the conjecture period.

GLOBAL MOBILE VIRTUAL NETWORK OPERATOR (MVNO) MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023-2028

CAGR

7.3%

Segments Covered

By Type, Operating Model, End Users, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

International Business Machines Corporation (IBM), AT&T, Truphone Limited, TracFone Wireless Inc., Verizon Communications Inc., T-Mobile US Inc., and Virgin Mobile USA and Others.

 

Market Market Segmentation

Global Mobile Virtual Network Operator (MVNO) Market - By Type:

the global MVNO market is segmented into Media, Discount, M2M, Retail, Commercial, Migrant, Roaming, and Telecom. Of these, the M2M segment is expected to show the fastest growth during the foreseen period as cellular connectivity increases worldwide and adoption of connected devices increases.

Global Mobile Virtual Network Operator (MVNO) Market - By Operating Model:

the mobile virtual network operator market is segregated as reseller MVNO, full MVNO, and service operator MVNO. Among these sectors, the MVNO service provider is expected to witness the fastest growth during the outlook period as it provides companies with great revenue network growth opportunities by setting rates independent of retail prices.

Global Mobile Virtual Network Operator (MVNO) Market - End-Users:

the MVNO market is divided into businesses and consumers. Of these two segments, the corporate segment is expected to witness a higher CAGR during the forecast period, as operators believe they are profitable in the corporate market due to their high regulatory compliance and long-term relationship with the company.

Impact of COVID-19 on the Mobile Virtual Network Operator (MVNO) Market

The coronavirus pandemic had a negative impact on the MVNO market in the first quarter of 2020. The spread of COVID-19 will accelerate the demand for agile and flexible work styles and further promote the adoption of communication services that improve balance between work and life. However, telecom regulators have postponed their 5G spectrum auction plans in a global trend. Operators can retain most of their customers during the pandemic, but due to network connections that are essential for most consumers and businesses, closing stores will generate more subscribers and reduce device sales. Subscriber additions and abandonment rates in the first and second quarters of fiscal 2020 are expected to be minimized with store closings, as consumers refrain from flaunting products and services that are not essential to survive in this situation. To ensure business continuity since the COVID-19 outbreak, business organizations, especially in high-impact countries, are allowing employees to work from home (WFH).

Global Mobile Virtual Network Operator (MVNO) Market Regional Analysis

Europe has the largest share of the world market for mobile virtual network operators. It is one of the most developed regions in terms of technology adoption and infrastructure development. The Asia Pacific region is estimated to be the fastest growing market during the projection period. The growth of the MVNO market in this region is due to the extensive growth of the telecommunications industry. In addition, developing countries in the region, such as India, China, Myanmar and Vietnam, are recognizing their efforts to modernize and expand telecommunications services. Recent reports show that in Japan, MVNO provides services such as remote vending machine monitoring, surveillance, online gaming, and M2M.

Global Mobile Virtual Network Operator (MVNO) Market Key Companies

The main players in the global mobile virtual network operator market are International Business Machines Corporation (IBM), AT&T, Truphone Limited, TracFone Wireless Inc., Verizon Communications Inc., T-Mobile US Inc., and Virgin Mobile USA.

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