MVNO Market Set to Soar: Estimated Worth of $81.42 Billion in 2024, Projected to Reach $167.7 Billion by 2034

The MVNO market is expected to be worth US$ 81.42 billion in 2024. The industry is anticipated to reach a valuation of US$ 167.7 billion by 2034, rising at a CAGR of 7.5% over the forecast period. The mobile virtual network operator industry is expanding globally due to the rising demand for personalized mobile services and competitive regulations. The rise in the Internet of Things applications with technological developments is also contributing to the market’s growth.

Mobile virtual network operators cater to new and existing clients by targeting a certain demographic, selling, and branding their wireless services separately. Cloud-based solutions, virtual conventions, and the shift by organizations toward remote work increase collaboration and connectivity, driving demand for network brands and cellular plans that facilitate secure data management and remote operation.

The MVNO market is expected to grow over the forecast period due to the rising demand for services such as cloud computing, mobile money, and machine-to-machine (M2M) transactions. The adoption of e-SIM is anticipated to expand the reach of the MVNO market. The e-SIM provides MVNO vendors with convenience and flexibility through the remote provisioning standards developed by the GSMA.

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“The telecommunication industry is evolving, leading to a rise in niche markets and innovative business models. This trend is expected to expand the mobile virtual network operator (MVNO) sector, with partnerships between MVNOs and carriers becoming more common. Technological advancements and regulatory changes are further diversifying the market, presenting opportunities for innovation and growth,” says an analyst at FMI. 

Key Takeaways from the MVNO Market 

  • The United States MVNO industry is projected to experience a sluggish CAGR of 4.4% through 2034.
  • Germany’s mobile virtual network operator market is expected to demonstrate a rapid CAGR of 7.0% through 2034.
  • The Japanese mobile virtual network operator market is anticipated to witness a promising CAGR of 8.7% through 2034.
  • Australia’s market showcases an impressive CAGR of 11.0% through 2034.
  • China’s MVNO market is expected to display a CAGR of 8.0% through 2034.

Competitive Landscape of the MVNO Market

The expansion of the MVNO market is due to the rise in innovative business models and the evolving mobile industry. With the growing demand for adaptable and personalized mobile services, partnerships between MVNOs and established carriers are likely to become more prevalent.

As 5G and other technological advancements continue to develop, generating new avenues for MVNOs to provide improved and unique services. Furthermore, regulatory changes may also impact the dynamics of the sector, promoting market expansion and competition. The MVNO market is well-positioned to continue changing and diversifying in response to changing customer needs and market trends. There are many ventures for innovation and growth in the MVNO industry.

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Key Segments

By Type:

  • Firstly, Business
  • Secondly, Discount
  • Next, M2M
  • Additionally, Media
  • Moreover, Migrant
  • Furthermore, Retail
  • In addition, Roaming
  • Lastly, Telecom

By Operational Model:

  • On the other hand, Brand Reseller
  • Conversely, Service Provider
  • Meanwhile, Full MVNO

By Subscribers:

  • To begin with, Business
  • In contrast, Consumer

By Region:

  • Primarily, North America
  • Subsequently, Europe
  • Likewise, Asia Pacific
  • Consequently, Middle East and Africa (MEA)
  • Lastly, South America

 

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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