According to a market report, published by Sheer Analytics and Insights, the global mobile virtual network operator (mvno) market was valued at $62.3 billion in 2021 and it is expected to reach $160.9 billion at a CAGR of 8.50% between 2022 and 2032. Unlike the traditional mobile network operators, mobile virtual network operators do not own the infrastructure they use. Instead, they lease it from MNOs and use the infrastructure to deliver a unique set of services to their markets. Additionally, the mobile virtual network operator provides more competitive offerings, which means lower costs without compromising on service. There are four types of mobile virtual network operators such as reseller mobile virtual network operator, service provider mobile virtual network operator, enhanced service mobile virtual network operator provider, and full mobile virtual network operator. Hence, the demand for the mobile virtual network operator is increasing and it is expected to drive the growth of the mobile virtual network operator market during the forecast period. Furthermore, the increasing number of mobile users and the growing demand for data services are also expected to propel market growth in the upcoming years. There are several services such as cloud, machine to machine, and mobile money, which are estimated to increase the demand for the mobile virtual network operator market over the forecast period.
Moreover, with the rising number of smartphone users and wireless subscribers, the demand for low-cost calling and data services is also rising; hence it is boosting the market demand. The declining prices of smartphones are contributing to the accelerating subscriber penetration across the globe, which is estimated to boost the growth of the market. Furthermore, the major players around the globe are focusing on doing partnerships with other companies which would benefit the market in near future. They are trying to provide high-speed data services to worldwide consumers, which are expected to drive market growth throughout the forecast period. In several countries, the government is supporting the mobile virtual network operators and this has further allowed them to access the single wholesale network and the mobile operator networks.
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The mobile virtual network operator market is widely driven by improved service capabilities, increasing opportunities for mobile operators, and administrative support benefits. Low profile margins and reduced tariffs restrain the mobile virtual network operators' market growth. The current business scenarios have witnessed a rise in the adoption of mobile virtual network operators in the developing and the developed regions due to the advanced technological innovations in serving offerings rise in adoption of cloud-based solutions, and rise in application areas for IoT and Long-Term evolution among telecom industry. There are a large number of players in the global mobile virtual network operators market which are focusing on expanding their business growth by implementing new strategies to stay ahead in the competitive market among service providers.
According to the study, key players such as America Movil Telecommunications (Mexico), Red Pocket Inc (Ukraine), Airvoice Wireless LLC (U.S), FreePop (U.S), Freenet AG (Germany), KDDI Corporation (Japan), Cyfrowy Polsat S.A (Poland), Tesco PLC Retail (U.K), Sprint Corporation Telecommunication (U.S), Kajeet Telecommunication (U.S), AT&T Telecommunications (U.S), Verizon Communications Telecommunications (U.S), Deutsche Telekom Telecommunications (Germany), CITIC Group (China), BT Group Telecommunications (U.K), Enreach Holdings B.V (Netherlands), GiffGaff Limited (U.K), Consumer Cellular Mobile Network Operator Company (U.S), Truephone (U.K), FreedomPop (U.S), Asahi Net Inc (Japan), SK Corporation Conglomerate (South Korea), Sakura Mobile Inc (Japan), LG Corporation Multinational Conglomerate (South Korea), Lebara Mobile (U.K), among others.
The Global Mobile Virtual Network Operator Market Has Been Segmented Into:
The Global Mobile Virtual Network Operator Market – By Type:
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