Mobile Virtual Network Operator (MVNO) Market Size, Industry Growth, Top Players & Report 2023-2028

Byimarcsuraj

IMARC Group, a leading market research company, has recently releases report titled “Mobile Virtual Network Operator (MVNO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global mobile virtual network operator (mvno) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big Is The Mobile Virtual Network Operator (MVNO) Market?

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

What are Mobile Virtual Network Operator (MVNO)?

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 Growth Prospects And Trends In The Mobile Virtual Network Operator (MVNO) Industry?

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.

What Is Included In Market Segmentation?

The report has segmented the market into the 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

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who Are The Key Players Operating In The Industry?

The report covers the major market players including: 

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

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