Global mobile virtual network operator market is projected to exceed $123 billion by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
In terms of revenue growth, the consumer segment dominated the industry vertical in 2017. The same year, Europe emerged as the highest contributor to the global market revenue.
Some key insights regarding mobile virtual network operator market include:
- Rising demand for mobile broadband services and enhanced service capabilities have driven the adoption of MVNO.
- High penetration of mobile devices and an upturn in BYOD trends will further proliferate the growth of MVNO market.
- Increasing adoption of technologies like virtualization, big data analytics, and cloud has supported market growth over the years.
- Major investments in technological advancements paired with the growing number of mobile users would propel MVNO market growth over the forecast years.
- Low-profit margins, as well as lack of awareness, are likely to hamper market growth over the years.
- Increasing demand from developing nations and advancements in technology are expected to present multiple growth prospects in the future.
The report also delivers a comprehensive analysis of mobile virtual network operator market drivers, restraints, and opportunities during the projected timeline. A detailed analysis of the market based on operating model, subscriber, types, and region are also included.
Based on the operating model, mobile virtual network operator market is bifurcated into Reseller MVNO, Full MVNO, and Service Operator MVNO. Full MVNO had accounted for the highest market share in the global MVNO market in 2017. The system provides complete control on the services and products accessible in the market, along with flexible designs and deployment of new services.
The report divides the subscriber segment into business and consumer. In 2017, the consumer segment dominated the global MVNO market. Increasing penetration of mobile devices and growing demand for high-speed mobile broadband accelerates the adoption of MVNO in this segment.
Based on type, the market is segmented into business, media and entertainment, retail, telecom, discount, roaming, cellular M2M and others.
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In terms of regional growth, Europe garnered the highest proceeds in mobile virtual network operator market in 2017 and is estimated to dominate the global market over the forecast years. This prediction is supported by the increasing demand for mobile broadband and value-added services. The emerging trend in BYOD, big data analytics, IoT and virtualization will further maximize the demand for mobile virtual network operator. Increasing penetration of mobile devices and technological advancements further support market growth in the region. Companies operating in the region deliver differentiated value proposition at low prices in a bid to grow their geographical reach and customer base. Mobile virtual network operator market in the Asia Pacific is anticipated to grow at the highest CAGR due to rising demand from emerging economies of the region, cites the report.
The competitive landscape of the global mobile virtual network operator market includes well-known companies such as Virgin Mobile, Telefonica, Verizon Wireless Inc., S.A., T-Mobile International AG, AT&T Inc., FreedomPop, TracFone Wireless, Inc., Boost Mobile LLC, KDDI Mobile, and Drillisch Telecom. These companies are employing new growth strategies such as launching new services, mergers, and acquisitions in an effort to meet end-user demand and to enhance their position in the business space.