Global mobile virtual network operator market share is expected to expand at a commendable pace over 2018-2024, owing to the rising prominence of smartphones and growing needs for data across the globe.
Reliable statistics from the United Nations suggest that nearly 3.5 billion people worldwide were using Internet services by 2016 end. In addition, rapid urbanization has positively influenced the adoption of the Internet, thereby exponentially increasing the data traffic. These aforementioned factors, coupled with the escalating number of subscribers who encourage MVNO services, will significantly bolster the mobile virtual network operator market expansion over the estimated timeframe.
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Unlike MNOs, MVNOs are free from investment and maintenance of infrastructure, which allow them to focus on core business activities. MVNOs primarily arose in the telecom landscape to provide services and bundles at wholesale rates, which helped them attract customers, especially the price-sensitive segment. These providers offer loyalty programs and financial services along with regular services provided by MNOS and are continually striving for delivering best-in-class differentiated services, which fulfill changing mobility requirements of customers.
IoT devices are mushrooming and it is estimated that by 2020 the number of IoT devices in use will reach about 20.5 Bn. High-speed data connectivity is a prerequisite for the utilization IoT devices to their maximum potential. MVNOs are increasingly capitalizing on the opportunity provided by IoT devices. MVNOs provide high degree of agility and possess advanced capabilities, due to which they have gained significance in various areas. Smart cities application and connected cars are among the most prominent application area of MVNOs.
The light MVNO business model requires much lower investment and has provided an impetus for the entry of various low-budget players to the industry. Small-scale players are deploying the light MVNO model to customize offerings for their customers in niche segments. Light Mobile virtual network operator market is estimated to witness a CAGR of 12.5% over 2018-2024.
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On the regional front, the Europe mobile virtual network operator market is anticipated to account for a market share of over 45% by 2024, which is attributable to the mounting number of key players in the region. The regional industry is characterized by regulations like Roam Like At Home, which play a key role in attracting foreign investments and strengthening the market growth in the region.
The competitive landscape of the mobile virtual network operator market comprises of companies such as Straight Talk, Truphone, Talktalk, Red Pocket Mobile, Lyca Mobile, GiffGaff, FreedomPOP, Drillisch Telecom, Consumer Cellular, and Boost Mobile, among others. These industry players are incorporating various strategies such as M&A and business expansions to gain lucrative growth opportunities and a competitive edge over other rivals.
Major Key Points from Table of Content:
Chapter 4. Mobile Virtual Network Operator Market, By Business Model
4.1. Key trends in MVNO by business model
4.2. Full MVNO
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast by region, 2013 – 2024
4.3. Light MVNO
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast by region, 2013 – 2024
4.4. Service provider MVNO
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast by region, 2013 – 2024
4.5. Branded reseller
4.5.1. Market estimates and forecast, 2013 – 2024
4.5.2. Market estimates and forecast by region, 2013 – 2024
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