Europe MVNO Market Revenue to Jump to $48,762.8 Million by 2030, says P&S Intelligence
NEW YORK, Nov. 1, 2021 /PRNewswire/ -- The European mobile virtual network operator market revenue stood at $27,748.1 million in 2020, and it is expected to surge to $48,762.8 million by 2030, registering a CAGR of 5.8% from 2020 to 2030. The market is being propelled by the growing use of cloud-based solutions, surging penetration of mobile devices, increasing requirement for low-cost mobile services, and burgeoning demand for triple-play services in emerging economies.
The increasing focus of regional MVNOs on innovative distribution and segment-targeted pricing strategies is also fueling the expansion of the European MVNO market. These entities cater to the needs of several customers by ensuring the optimum usage of mobile network operators' (MNOs) telecom infrastructure. The success of MVNOs depends heavily on value proposition and brand positioning for attracting the target customers, such as migrant workers, tourists, and specific ethnic groups.
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The use of self-service portals, owing to their ability to give consumers more control over their mobile data, is becoming a major trend in the European MVNO market.
Key Findings of Europe MVNO Market Report
Browse detailed report on Europe MVNO Market Size and Growth Forecast to 2030
The COVID-19 pandemic has slowed down the growth of the market, as the lockdowns imposed by several governments caused the closing down of companies and stores, thereby leading to a massive fall in the sales of devices and number of subscribers.
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