Mobile Virtual Network Operator (MVNO) Market Size in 2023, Major Players in Market, Opportunities, Industry Growth & Forecast Till 2028

Byimarcsuraj

IMARC Group has recently released a new research study “Mobile Virtual Network Operators (MVNO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the Mobile Virtual Network Operators (MVNO) Industry?

The global mobile virtual network operators (MVNO) market size reached US$ 73.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 119.6 Billion on by 2028, exhibiting a growth rate (CAGR) of 7.36% during 2023-2028.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

What is a Mobile Virtual Network Operators (MVNO) Market?

Mobile virtual network operators (MVNOs) are service providers that do not own a mobile spectrum license or network infrastructure, however, provide mobile services using the bought network capacity from licensed mobile network operators (MNOs). They obtain bulk access to MNO services at wholesale or discounted rates and set retail prices for customers. They also provide various benefits, such as enhanced efficiency, network independence, lower prices, and customized plans for the consumer while traveling. Owing to these benefits, mobile virtual network operator services are widely adopted in retail, media, and entertainment, and telecom industries across the globe.

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What are the major market drivers in the Mobile Virtual Network Operators (MVNO) Market?

The market is primarily driven by the rising penetration of smartphones, effective network services, fast internet connectivity, video conferences, OTT streaming, and online gaming. In addition, the surging need for communication-based services with better network facilities is contributing to the market growth. Moreover, the growing popularity of digital services, such as machine-to-machine (M2M) transactions, mobile money, and cloud-based solutions, represent another major growth-inducing factor.

Besides this, governments of numerous countries are implementing policies to offer better network service access for consumers and encourage digital services, which is providing a thrust to market growth. Furthermore, the rising advancements in LTE infrastructure, such as the introduction of VoWiFi, ViLTE, and VoLTE, and extensive investments in 5G MVNO technology to provide efficient communication services with low latency, are other factors creating a positive market outlook across the globe.

Who are The Major Players in Mobile Virtual Network Operator (MVNO) Market?

Airvoice Wireless

Amdocs

Asahi Net Inc.

Boost Mobile

FreedomPop

Friendi Mobile

Kajeet Inc.

Kddi Corporation

Lebara, Lycamobile

Tracfone Wireless Inc

and Virgin Media Business.

Mobile Virtual Network Operators (MVNO) Market Report Scope

Report Coverage

Details

Market size value in 2022

US$ 73.1 Billion

Market forecast in 2028

 US$ 119.6 Billion

Growth Rate

CAGR of 7.36% from 2023 to 2028

Base year for estimation

2022

Historical data

2017-2022

Forecast period

2023-2028

Report coverage

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

Segments covered

Type, Operational Model, Service Type And Subscribers

Regional scope

United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico

Key companies profiled

Airvoice Wireless, Amdocs, Asahi Net Inc., Boost Mobile, FreedomPop, Friendi Mobile, Kajeet Inc., Kddi Corporation, Lebara, Lycamobile, Tracfone Wireless Inc and Virgin Media Business.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Type:

  • Media and Entertainment
  • Discount
  • Business
  • Cellular M2M
  • Migrant
  • Retail
  • Telecom
  • Roaming

Breakup by Operational Model:

  • Reseller MVNO
  • Service Operator MVNO
  • Full MVNO

Breakup by Service Type:

  • Postpaid
  • Prepaid 

Breakup by Subscribers:

  • Business
  • Individual/Residential

By Geography:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Ask an analyst:https://www.imarcgroup.com/request?type=report&id=6102&flag=C

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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