Mobile Virtual Network Operator (MVNO) Market Worth $137.31 Billion by 2030: Grand View Research, Inc.
SAN FRANCISCO, May 17, 2023 /PRNewswire/ -- The global mobile virtual network operator market size is expected to reach USD 137.31 billion by 2030, registering a CAGR of 7.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for data services and an increasing number of mobile users across the globe are expected to drive market growth. In addition, the growing number of services such as Machine to Machine (M2M), cloud, and mobile money is further anticipated to drive demand for the MVNOs during the forecast period.
Key Industry Insights & Findings from the report:
Read full market research report, "Mobile Virtual Network Operator Market Size, Share & Trends Analysis Report By Type (Business, Discount, M2M), By Operational Model, By End-use (Consumer, Enterprise), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.
Mobile Virtual Network Operator Market Growth & Trends
The growing demand to access mobile applications, social media, and multimedia services is further expected to propel the growth of mobile virtual network operators in the market during the forecast period. The declining prices of smartphones are contributing to the accelerating subscriber penetration across the globe. This is expected to fuel the growth of the MVNO. Furthermore, increasing partnerships formed by the key players for providing high-speed data services to consumers are anticipated to drive market growth during the forecast period.
Favorable government guidelines for MVNOs allow them to access the Single Wholesale Network (SWN) and the mobile operator networks and eliminate national roaming charges. This is expected to drive the growth of the market during the forecast period. The surging government initiatives, such as the Digital Single Market (DSM) strategy, to remove copyright issues and geo-blocking concerns in addition to offer better network service access for consumers in Europe, are the factors expected to drive the market's growth during the forecast period.
The presence of a large number of players in the market has led to increased competition among service providers. This has led compnies to offer mobile services at cheaper rates, which is expected to strengthen the market growth. The MVNO model is considered cost-effective and time-efficient to enter the telecom market to benefit the customers. This is expected to provide potential opportunities for a new entrant in the market over the next eight years.
Mobile Virtual Network Operator Market Segmentation
Grand View Research has segmented the global mobile virtual network operator market based on the type, operational model, end-use, and region:
Mobile Virtual Network Market - Operator Type Outlook (Revenue, USD Million, 2018 - 2030)
Mobile Virtual Network Market - Operator Operational Model Outlook (Revenue, USD Million, 2018 - 2030)
Mobile Virtual Network Market - Operator End-use Outlook (Revenue, USD Million, 2018 - 2030)
Mobile Virtual Network Market - Operator Regional Outlook (Revenue, USD Million; Volume, Million Subscribers, 2018 - 2030)
List of Key Players of Mobile Virtual Network Operator Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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