What is Driving the Mobile Virtual Network Operators Market
The global mobile virtual network operators market is anticipated to report a CAGR of 7.8% between 2018 and 2025 with a rapid increase in the number of mobile phone users. Key insights into this fast-growing market have been shared by Fortune Business Insights in its report, titled “Mobile Virtual Network Operators (MVNO) Market Size, Share and Global Trend by Operational Model (Reseller MVNO, Service Provider MVNO, Full MVNO), Service Type (Postpaid, Prepaid), Subscriber (Business, Individual/Residential) and Geography Forecast till 2025”.
The market was valued at US$ 62.5 Bn in 2017 and is likely to reach US$ 113.9 by 2025. Mobile virtual network operators are small cell phone carriers (for example, Boost Mobile, Metro) that use the network of a larger carrier such as Verizon or AT & T. The difference between the two is that the small carriers use the cell towers built by the big carriers to provide service. The big carriers build, operate, and maintain their own cell towers; the small carriers use these towers and since they do not have to build or maintain any infrastructure, they can offer services at cheaper rates.
Key Companies Covered In The Report
- Lycamobile Group
- FRiENDi mobile Oman
- Globecomm Systems Inc.
- Virgin Mobile USA
Expanding Customer Base and Increasing Digitization to Fuel the Market
With steady advancing wireless network technology, mobile virtual network operators are able to give services at even lower costs that have expanded their client base considerably. Rising prices of network services of enormous corporations like AT & T ar pushing shoppers to modify to mobile virtual network operators. for instance, the Verge recently reportable that AT & T quite doubled its fee mid-2018. This has redoubled the worldwide market size and it’s expected to grow within the forecast amount. Moreover, several mobile virtual network operators are planning plans and schemes for international students, tourists, and other diaspora. for instance, the UK-based Lycamobile specifically offers affordable international career, messaging, and knowledge plans across Europe and elements of the continent, USA, and Australia.
The increasing digitization of services like banking and growing quality of e-commerce is predicted to any fuel the worldwide market until 2025. Rising adoption of technology in each developed and developing countries for economical service delivery augurs well for the worldwide market. for instance, e-banking and mobile banking are getting widespread as they permit shoppers to control their bank accounts from their home. These factors combined are expected to propel the market revenue to USD 113.9 billion by the top of 2025.
Get Complete Report www.fortunebusinessinsights.com/checkout-page/100076
1. By Operational Model
- Reseller MVNO
- Service Provider MVNO
- Full MVNO
2. By Service Type
3. By Subscriber
4. By Region
- North America (U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
Slow Data Speed Makes Growth a Bumpy Ride for Overall Market
While mobile virtual network operators offer a lot of advantages to customers, there are certain cons that can impede the smooth growth of the market. These can include slow data speeds, bad coverage outside of core areas, fewer phone purchase options, among others. For example, Lycamobile is notorious for frequent call drops and loss of network in many areas in the UK and Ireland. These issues can make a potential customer to think twice before paying for the service. This is especially true in the case of international students who need to make frequent calls to their home countries. Such factors can limit the growth of the global mobile virtual network operators market.
Key Players to Drive the Market
As the global mobile virtual network market grows, competition is expected to intensify. Fortune Business Insights identifies key players influencing the market. These include Virgin Mobile, Lycamobile, Verizon Wireless, Project FI by Google, Affinity Cellular, and a few others.
Asia Pacific to Hold a Commanding Market Position
Regionally, Asia-Pacific is expected to exhibit the highest CAGR in the global market during the forecast period. The region has already generated a market revenue of USD 18.2 billion in 2017 and will keep rising till 2025. The market in Asia-Pacific is to be led mainly by India and China where digitization of services is rapidly rising. Furthermore, government policies and programs are being formulated on the basis of technology. For example, the promotion of cashless transactions in India has led to a surge in virtual payment systems such as Google Pay and Paytm. These developments bode well for the market as its size will increase with increasing mobile phone and internet penetration in the region.
Table of Content
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology and Assumptions
3.1. Drivers, Restraints, and Opportunities
3.2. Emerging Trends in the market
4.1. Macro and Micro economic factors
4.2. Key Technological Developments
4.3. Value Chain Analysis
4.4. SWOT Analysis
5.Global Mobile Virtual Network Operators Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary
5.2. Market Sizing Estimations and Forecasts – By Operational Model (US$ Bn)
5.2.2.Service Provider MVNO
5.3. Market Sizing Estimations and Forecasts – By Service Type (US$ Bn)