Data Horizon Research
The mobile virtual network operator market size is valued at USD 84.3 billion in 2023 and is projected to reach USD 161.3 billion by 2032, growing at a CAGR of 7.5%.
FORT COLLINS, Colo., April 06, 2024 (GLOBE NEWSWIRE) —
Increasing number of services supporting mobile and virtual networks
The Mobile Virtual Network Operator (MVNO) market experienced growth in 2023 due to the expansion of the mobile subscriber base. Forecasts suggest that the mobile industry will see a significant increase in the coming period and multi-SIM ownership will also contribute to this expansion. According to GSMA’s Mobile Economy 2024, there will be around 8.6 billion SIM connections in 2023 with a penetration rate of 107%. This number is projected to reach 9.8 billion connections by 2030. The increase in subscriber base, especially in developing countries, will drive market growth. However, the increase in subscriber numbers will simultaneously lead to a decrease in average revenue per user (ARPU) in these markets. To address this challenge, service providers are increasingly partnering with MVNOs to enter untapped markets and segments, thereby driving the growth of the Mobile Virtual Network Operator market in the coming years.
Moreover, the growing demand for smartphones and mobile broadband is driving the demand for mobile virtual network operators. The increasing usage of data and value-added services (VAS) alongside wireless connectivity is expected to boost the demand for smartphones globally. Operators are targeting price-sensitive consumers by offering affordable data plans. According to the Global System for Mobile Communications (GSMO), mobile internet users are expected to reach 5.5 billion by 2030, with smartphone penetration exceeding 90% during the same period. Availability of feature-rich and cost-effective devices is expected to significantly boost the market demand. Moreover, technological advancements leading to the development of innovative, lightweight, compact, and feature-rich devices are paving the way for the market growth.
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Segmentation overview:
The global mobile virtual network operator market is segmented into operation model, service type, business model, end use, and region.
Full MVNOs will record significant market growth in 2023
Based on the operating model, the segmentation of the mobile virtual network operator market consists of resellers, service providers, and full MVNOs. The full MVNO segment held a significant market share in 2023. Full MVNOs own and operate business support systems and issue their own SIM cards with unique identifying IMSI, specific phone numbers, and dialing codes.
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The enterprise segment remains the leading segment
The mobile virtual network operator market is bifurcated into consumer and enterprise based on the end user. The enterprise segment accounted for a significant market share in 2023. These organizations, including businesses, government agencies, educational institutions, etc., leverage MVNO services to manage their communication needs.
Europe is a leading market for mobile virtual network operators
The market share of mobile virtual network operators in Europe has grown significantly in 2023. The EU regulatory framework has played a key role in the growth of MVNOs in the region. Countries such as the UK, France, and Germany have a strong MVNO base and are expected to grow during the forecast period.
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Highlights of the Mobile Virtual Network Operators Market Report:
Some of the prominent companies in the Mobile Virtual Network Operators market report include Virgin Media Business, Dataxoom, Lebara Group BV, KDDI, Verizon Communications Inc., Asahi Net, Virgin Mobile USA Inc., Tracfone Wireless Inc., Boost Mobile LLC, Lycamobile, Tesco Mobile, AT&T Inc., T-Mobile USA Inc., Alphabet Inc., Postemobile, Asda Mobile, Republic Wireless, EMnify, INCE, etc.
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About DataHorizzon Research:
DataHorizzon is a market research and advisory firm that helps organizations across the globe in formulating growth strategies in tune with changing business dynamics. Their services include enterprise-wide consulting services and business insights for actionable decision-making. DHR’s comprehensive research methodology to forecast long-term sustainable trends in the market makes complex decisions easy for organizations.
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