The global Mobile Virtual Network Operator Market size is expected to reach USD 109.9 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growing demand for data services and increasing number of mobile users across the globe is expected to drive the market. In addition, the increasing number of services such as cloud, Machine to Machine (M2M), and mobile money are further expected to drive demand for mobile virtual network operators over the forecast period.
The
growing demand to access mobile applications, social media, and multimedia
services is further expected to propel the growth of the market over the
forecast period. The declining prices of smartphones are contributing to the
accelerating subscriber penetration across the globe is expected to fuel the
growth of the market. Furthermore, increasing partnerships formed by key
players for providing high-speed data services to consumers is anticipated to
drive market growth over the forecast period.
Favorable
government guidelines for mobile virtual network operators (MVNOs) allow them
to access the Single Wholesale Network (SWN) and the mobile operator networks,
as well as eliminate national roaming charges. This is expected to drive the growth
of the market over the forecast period. The increasing government initiatives,
such as the Digital Single Market (DSM) strategy, to eliminate copyright issues
and geo-blocking problem and to provide better network service access for
consumers in the Europe is expected to drive growth of the market over the
forecast period.
The
presence of a large number of players in the MVNO market has led to increased
competition among service providers. This has led companies to offer mobile
services at cheaper rates, which is expected to strengthen the market growth.
The mobile virtual network operator model is considered cost-effective and
time-efficient to enter in the telecom market to benefit the customers. This is
expected to provide potential opportunities for new entrant in the market over
the next eight years.
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Mobile Virtual Network Operator Market Report Highlights
- The discount
segment is expected to register phenomenal growth over the next eight
years. High competition among mobile virtual network operator service
providers to provide better and low-cost services coupled with the growing
consumer preference for services offered at a discount is expected to
drive the demand for the discount segment
- The service
operator segment is expected to witness the fastest CAGR over the forecast
period as it provides various service platforms such as voicemail and
missed call notification
- The consumer
segment is projected maintain its dominance over the next eight years.
This growth can be attributed to mobile virtual network operators that
provide customer centric offerings such affordable data and voice plans
and latest technology
- Asia Pacific
is expected to emerge as the fastest-growing regional mobile virtual
network operator market over the forecast period. The growing demand for
an efficient cellular network coupled with increasing speed of mobile
broadband are expected to propel the growth of the market in Asia Pacific
region.
- Key industry
participants in the market include Lebara Group; Lyca Mobile; TalkTalk
Group; Giffgaff; Poste Mobile SpA; Virgin Mobile; and TracFone Wireless
Inc.
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