June 14, 2019: The global mobile virtual network operator market size is expected to reach USD 94.82 billion by 2025 registering a CAGR of 7.6%, according to a new report by Grand View Research, Inc. This MVNO market growth can be attributed to the growing demand for data services and increasing number of mobile users across the globe. In addition, increasing number of services, such as cloud, Machine to Machine (M2M), and mobile money, are further expected to drive demand for MVNOs over the forecast period.
Extensive usage of mobile applications, social media platforms, and multimedia services is also expected to propel the market growth. Declining prices of smartphones are boosting the number of subscribers across the globe. This factor is further expected to fuel market growth in the years to come. Rising number of partnerships by key companies for providing high-speed data services is anticipated to augment the MVNO market development.
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Favorable government guidelines for MVNOs that allow them to access the Single Wholesale Network (SWN) and the mobile operator networks, as well as eliminate national roaming charges are expected to drive the growth further. 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 in Europe is expected to help boost market development.
Presence of a large number of companies has led to intense market competition forcing companies to offer mobile services at cheaper rates. This is also expected to spur market growth. The MVNO 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 entrants over the next few years.
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Further key findings from the study suggest:
- The discount segment is expected to register the highest market share, in terms of revenue, growing at a CAGR of 7.2% from 2019 to 2025
- Intense competition among MVNO service providers to offer better and low-cost services is expected to drive the discount segment growth
- Service operator is expected to register the highest growth rate from 2019 to 2025 as it provides various service platforms, such as voicemail and missed call notification
- Consumer is projected to be the dominant segment over the forecast period due to the availability of MVNOs that provide customer-centric offerings, such as affordable data and voice plans and latest technology
- North America led the market in the past and is anticipated to expand further reaching at USD 37.28 billion by 2025
- Growing demand for an efficient cellular network coupled with increasing speed of mobile broadband are factors positively impacting the market growth in North America
- Key industry participants include AirVoice Wireless; Boost Mobile LLC; Asahi Net; CJ HelloVision Co. Ltd.; Exetel; Cyfrowy Polsat SA; FreedomPop; 7-Eleven Speak Out Wireless; Freenet AG; Japan Communications, Inc.; and FirmTel
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The new research report by Market Research Future (MRFR) emphasizes that the global mobile virtual network operator market 2020 is poised to secure a significant market valuation of USD 5 Billion by 2023, at a moderate 12% CAGR over the assessment period.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/968 Competitive Outlook: The top market players identified by MRFR in the global market are Tracfone Wireless, Inc. (U.S.), Tesco Mobile Ltd (U.K), Virgin Mobile (U.S.), RedPocket Mobile (U.S.), AirVoice Wireless (U.S), FreedomPop (U.S.), KDDI Mobile (U.S.), Freenet AG (Germany), Polkomtel Plus (Poland), Kajeet, Inc (U.S.) among others.Other players in markets are Verizon Communications (U.S.), Lyca Mobile Group (U.K.), Tracfone Wireless, Inc. (U.S.), Sprint Corporation (U.S.), T-Mobile AG (U.S.), CITIC Telecom International Holding Limited (Hong-Kong), AT (U.S.), Telefonica S.A. (Spain), among others.
Regional Analysis:The geographical overview of the global market has been conducted in four major regions, namely North America, the Asia Pacific, Europe, and the rest of the world (including Latin America and the Middle East and Africa).The Asia Pacific is dominating the global mobile virtual network operator market with the significant market share due to growth in the telecommunication businesses of the region.
The emerging economies in the region, such as Myanmar, India, Vietnam, and China, are making more efforts to increase and modernize the telecommunication services.
The southeast Asian countries such as Singapore, Thailand, and the Philippines are further presumed to contribute to the regional market expansion over the prognosis period.
Nations like Japan, Malaysia, and Australia growing in advanced cellular networks are expected to play a notable role in the market expansion in the Asia Pacific.
