The global Mobile Virtual Network Operator (MVNO) Market is expected to display a higher growth rate over the next seven years. The rapid surge in the mobile virtual network operators industry is credited to increasing demand for data and value-added services such as live streaming and mobile commerce-based services. In addition, rising smartphone penetration worldwide and increasing mobile subscriber base are projected to foster the growth of the mobile virtual network operator market over the forecast period.
Globally, the mobile virtual network operator (MVNO) industry is predicted to generate massive revenue over the next seven years, providing numerous opportunities for market players to invest in research and development in the market.
Mobile virtual network operators are responsible for catering to various customer demands by providing them with high-speed and cost-effective services. Mobile virtual network operators do not own the telecom infrastructure or license to use radio frequencies. These factors are expected to boost market growth over the forecast period. However, the presence of several market players and the introduction of cost-cutting services in the market is anticipated to limit industry growth to a certain extent.
The development of advanced network services such as machine-to-machine (M2M) transactions and mobile money is projected to propel market growth over the coming years. The recent technological advancements in the telecom sector and integration of various cloud services are estimated to fuel the market demand over the next few years. The introduction of cost-efficient mobility options such as lifestyle, entertainment, and productivity to increase revenue generation are key market trends in the past few years.
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The MVNO market is broadly categorized into three major segments based on the operational model type such as full MVNO, reseller MVNO and service operator MVNO. The full MVNO segment is growing rapidly in the mobile virtual network operator industry with substantial revenue generation in the last few years. The growing popularity of the full MVNO segment is attributed to the increasing number of regulatory interventions to comprehend market barriers for new market entrants and the rising adoption of strategic decisions undertaken by MNOs. The service operator MVNO segment has also witnessed substantial growth owing to the development of sub-brands and an increase in network utilization across the globe.
The mobile virtual network operators market is divided by region as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to the rise in the implementation of the latest technologies in the telecommunication sector, modernization of existing telecommunication infrastructure, the surge in several research & development activities in the region, and the existence of well-established telecom infrastructure.
Asia-Pacific region is estimated to hold a major market share in the mobile virtual network operators with massive growth in the forecast period. Countries such as India, Vietnam, Myanmar, China, and Singapore are leading the Asia-Pacific market with strong economic growth, development of remote management of vending machines, online gaming and surveillance services, rising disposable income, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the MVNO industry are Lebara Group B.V., Lyca Mobile Group, TalkMob Co., Giffgaff Inc., Poste Mobile Corp., CITIC Telecom International Holding Ltd., Telefonica S.A., Verizon Communications Inc., Virgin Mobile LLC, and Tracfone Wireless, Inc.
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