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IoT MVNO Market worth $6.8 billion by 2028 - Exclusive Report by MarketsandMarkets™CHICAGO, June 6, 2023 /PRNewswire/ -- With rising IoT usage, industry-specific solutions, 5G connection, a focus on security and privacy, partnerships for ecosystem integration, and employing AI and analytics for advanced services, the future of the IoT MVNO market is bright. IoT MVNOs are in a good position to meet the changing needs of businesses and have a big impact on how IoT deployments are done in the future. The IoT MVNO Market size is projected to grow from USD 2.9 billion in 2023 to USD 6.8 billion by 2028, at a CAGR of 18.2% during the forecast period, according to a new report by MarketsandMarkets™. Due to the rise in the number of devices connected to the internet, increasing demand for connectivity solutions specifically designed for IoT has been noticed in the market ecosystem. IoT MVNOs offer specialized services and connectivity plans as solutions tailored to meet the need of IoT devices. Browse in-depth TOC on "IoT MVNO Market" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=46112059 Scope of the Report
The service operator segment is expected to grow at the highest CAGR during the forecast period The growth of the IoT market is being driven by a number of factors, including the increasing adoption of IoT devices, the growing need for data-driven insights, the need for flexibility and scalability, and the need for security. Service operators are well-positioned to meet this demand and are expected to play a key role in the growth of the IoT MVNO Market. The service operator segment in the IoT MVNO Market is expected to grow at a double-digit CAGR from 2023 to 2028 The transportation and logistics segment is expected to account for the largest market size during the forecast period The transportation and logistics industry is one of the fastest and largest-growing sectors in the global economy. The industry is responsible for the movement of goods and people around the world, playing a crucial role in the global supply chain. IoT devices are being used to track the movement of goods throughout the supply chain. This data can be used to improve efficiency, reduce costs, and improve customer service. IoT devices are being used to monitor the condition of assets, such as trucks and trailers. This data can be used to prevent breakdowns and improve maintenance. Based on region, North America is expected to dominate the market during the forecast period North America is expected to dominate the IoT MVNO Market in the coming years. The US government has been a strong supporter of IoT, which has helped create a favourable environment for the growth of the IoT MVNO Market in North America. There has been a high level of investment in IoT in North America, which has helped drive the development of new IoT technologies and solutions. North America has a mature telecommunications infrastructure, which provides a solid foundation for the deployment of IoT solutions. Overall, the IoT MVNO Market in North America is expected to grow in the coming years, driven by several factors, including the increasing adoption of IoT devices, the growing need for data-driven insights, flexibility and scalability, and the need for security. Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=46112059 IoT MVNO Market Dynamics Driver:
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Top Key Companies in IoT MVNO Market: The major players in the IoT MVNO Market are KDDI (Japan), KORE Wireless (US), Sierra Wireless (Canada), Twilio (US), Asahi Net (Japan), Telit (US), BICS (Belgium), Lycamobile (UK), Wireless Logic (UK), Truphone (UK), Aeris Communications (US), Cubic Telecom (Ireland), Hologram (US), 1NCE (Germany), 1OT (Estonia), Soracom (Japan), Onomondo (Denmark), etc. These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their footprint in the IoT MVNO Market. Recent Developments
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Browse Adjacent Markets: Mobility and Telecom Market Research Reports & Consulting Related Reports: 5G IoT Market - Global Forecast to 2028 LoRa and LoRaWAN IoT Market - Global Forecast to 2028 A2P Messaging Market - Global Forecast to 2027 Mobile Device Management Market - Global Forecast to 2027 5G NTN Market - Global Forecast to 2027 About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
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