Tag: Discount

Mobile Virtual Network Operator Market Worth $109.9 Billion By 2027

The global mobile virtual network operator market size is expected to reach USD 109.9 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growing demand for data services and increasing number of mobile users across the globe is expected to drive the market. In addition, the increasing number of services such as cloud, Machine to Machine (M2M), and mobile money are further expected to drive demand for mobile virtual network operators over the forecast period.

The growing demand to access mobile applications, social media, and multimedia services is further expected to propel the growth of the market over the forecast period. The declining prices of smartphones are contributing to the accelerating subscriber penetration across the globe is expected to fuel the growth of the market. Furthermore, increasing partnerships formed by key players for providing high-speed data services to consumers is anticipated to drive market growth over the forecast period.

Favorable government guidelines for mobile virtual network operators (MVNOs) allow them to access the Single Wholesale Network (SWN) and the mobile operator networks, as well as eliminate national roaming charges. This is expected to drive the growth of the market over the forecast period. The increasing government initiatives, such as the Digital Single Market (DSM) strategy, to eliminate copyright issues and geo-blocking problem and to provide better network service access for consumers in the Europe is expected to drive growth of the market over the forecast period.

The presence of a large number of players in the MVNO market has led to increased competition among service providers. This has led companies to offer mobile services at cheaper rates, which is expected to strengthen the market growth. The mobile virtual network operator model is considered cost-effective and time-efficient to enter in the telecom market to benefit the customers. This is expected to provide potential opportunities for new entrant in the market over the next eight years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/mobile-virtual-network-operator-mvno-market

Further key findings from the study suggest:

  • The discount segment is expected to register phenomenal growth over the next eight years. High competition among mobile virtual network operator service providers to provide better and low-cost services coupled with the growing consumer preference for services offered at a discount is expected to drive the demand for the discount segment
  • The service operator segment is expected to witness the fastest CAGR over the forecast period as it provides various service platforms such as voicemail and missed call notification
  • The consumer segment is projected maintain its dominance over the next eight years. This growth can be attributed to mobile virtual network operators that provide customer centric offerings such affordable data and voice plans and latest technology
  • Asia Pacific is expected to emerge as the fastest-growing regional mobile virtual network operator market over the forecast period. The growing demand for an efficient cellular network coupled with increasing speed of mobile broadband are expected to propel the growth of the market in Asia Pacific region.
  • Key industry participants in the market include Lebara Group; Lyca Mobile; TalkTalk Group; Giffgaff; Poste Mobile SpA; Virgin Mobile; and TracFone Wireless Inc.

U.S. MVNO Market Size Worth $32.19 Billion By 2025

The U.S. mobile virtual network operator (MVNO) market size is expected to reach USD 32.19 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.2% CAGR during the forecast period. Increasing demand for value-added services (VAS) over voice services has led to a rise in the adoption of MVNO in U.S.

Increasing demand for roaming MVNO model owing to rise in number of travelers in the country has greatly propelled the U.S. MVNO market over the forecast period. Additionally, MVNO operators have been offering service sets at lower costs, which is expected to considerably aid market growth.

Soaring demand for smartphones and mobile broadband, along with technological advancements and development of compact, lightweight, and multifunctional devices, is anticipated to significantly drive the U.S. market. Expansion of communication technologies such as LTE 4G and 5G as well as expansion of Wi-Fi offer growth opportunities for players.

A key trend that has been observed in the U.S. market is that MVNOs in the country allow their users to personalize their plans for meeting text, data, and voice demands. Increasing advancements in LTE infrastructure, which provides services such as VoLTE, ViLTE, and VoWiFi, is expected to offer growth prospects to market players over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-mvno-market

Further key findings from the report suggest:

  • The U.S. MVNO market is expected to project a CAGR of 7.2% over the forecast period, owing to increasing number of mobile subscribers in the country
  • By type, the discount segment is anticipated to dominate the market, with a revenue of USD 7.73 billion in 2025. This growth can be attributed to intense competition in the market, which encourages MVNOs to offer various discounts on voice, data, and text to retain existing users and attract new ones
  • On the basis of operational mode, the full MVNO segment is expected to reach USD 19.35 billion by 2025, owing to low capital investment required in setting it up
  • By way of end use, the consumer segment emerged dominant and is anticipated to register a CAGR of 7.0% over the forecast period. This growth can be attributed to growing advancements in high-speed mobile broadband and availability of low-cost smartphones in the market
  • Key industry participants include 7-Eleven Speak Out Wireless, AirVoice Wireless, Asahi Net, Boost Mobile LLC, CJ HelloVision Co. Ltd, and Cyfrowy Polsat SA.