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Mobile Virtual Network Operators Market to Witness Significant Growth Owing to Rising Demand


Snehabiswal

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The mobile virtual network operators (MVNO) market allows telecom operators to operate wireless networks and offer mobile communication services without the need for exclusive spectrum allocation or costly infrastructure deployment. MVNOs provide cost-effective prepaid and postpaid plans to customers by utilizing the infrastructure and spectrum of network providers. The flexibility provided by MVNOs in choosing plans as per their needs and budgets has boosted their popularity, especially among cost-conscious users.

The Global mobile virtual network operators market is estimated to be valued at US$ 85.14 Bn in 2024 and is expected to reach US$ 146.31 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8% from 2024 to 2031.

Key Takeaways

Key players operating in the Mobile Virtual Network Operators are Airvoice Wireless, Amdocs, Asahi Net Inc., AT&T Inc., Boost Mobile, BT Group plc, Deutsche Telekom AG, FreedomPop, Friendi Mobile, Kajeet Inc., KDDI Corporation, Lebara, Lycamobile, Orange S.A., SK Telecom Co. Ltd.

Increased penetration of smartphones and high-speed internet has created opportunities for Mobile Virtual Network Operators Market Size to offer customized data plans and value-added services. They can focus on specific customer segments like students, employees, ethnic groups etc to gain market share.

Major MVNOs are expanding globally by partnering with regional telecom operators. They also offer eSIM and IoT connectivity to leverage new revenue opportunities. Cross-border data roaming has further increased due to rising international travel and digital nomadism.

Market Drivers

The main driver for the mobile virtual network operators market is the rising demand for cost-effective data plans from customers. MVNOs do not have the infrastructure costs of network providers and can pass on the savings in the form of cheaper plans. This has helped them attract price-sensitive users looking for budget-friendly connectivity. As data consumption grows exponentially with more HD content and streaming, affordable plans by MVNOs are stimulating further market growth.

PEST Analysis

Political: Regulations regarding telecommunication industry and Mobile Virtual Network Operators Market Analysis. Changes in spectrum allocation and licensing policy impacts market dynamics.

Economic: Global economic performance, spending power of consumers, and demand for cost effective mobile plans affect market revenue.

Social: Younger population prefers cost-effective mobile plans offered by MVNOs. Increasing smartphone penetration and mobile internet usage is a key driver.

Technological: Advancements in infrastructure like 5G network allows MVNOs to provide high-speed mobile connectivity. Improving network technologies helps MVNOs to offer differentiated services.

The mobile virtual network operators market in terms of value is concentrated majorly in North America and Europe. North America accounts for more than 30% share due to high adoption of prepaid and no-contract plans in the US. Whereas, in Europe countries such as the UK, Germany, France contribute significantly with innovative MVNO business models.

The Asia Pacific region is the fastest growing geographical segment for the mobile virtual network operators market. Countries like China, India, Japan, and South Korea have a huge customer base seeking affordable cellular services. MVNOs in this region are partnering with various telecom operators to provide customized plans with attractive discounts. Growing penetration of smartphones and mobile internet usage is fueling the market growth in Asia Pacific.

Get more insights on Mobile Virtual Network Operators Market

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

1 Comment


Recommended Comments

Great read! As the demand for mobile virtual network operators (MVNOs) continues to rise, it's clear that travelers are also looking for more flexible and cost-effective connectivity solutions. eSIM technology is a perfect example of how MVNOs can cater to this growing demand. For instance, if you're traveling to Japan, using an eSIM Japan with Unlimited Data offers seamless connectivity without the hassle of swapping SIM cards. It’s definitely worth exploring for anyone looking for convenient mobile data options while traveling abroad!

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