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Region : Global | Latest Update: Sep, 2019 | Published Date: Apr, 2019 | Report ID: FBI100076| Status : Published
The Global Mobile Virtual Network Operators Market, which was valued at US$ 62.5 Bn in 2017, is projected to reach US$ 113.9 Bn by the end of 2025, exhibiting a CAGR of 7.8%.
As the world is witnessing technology shift, customers are moving towards more fast and reliable networks. In 1993, MVNOs entered in a partnership with Mobile Network Operators (MNOs) to provide wireless communication services to customers. MVNOs are also known as mobile other licensed operators (MOLO) or virtual network operator (VNO). MVNOs does not own wireless network infrastructure. MVNOs offers its services by partnering with mobile network operators (MNOs), which provides bulk access to MVNOs at wholesale rates.
Nowadays, with technological advancements, MVNOs have made an enormous impact by providing their services at low prices, which is increasing their customer base, year-by-year. The Mobile Virtual Network Operators market is a matured market, with many local, regional and international vendors. Also, MVNOs are providing multiple features and relaxation to their customers by providing traveling or tourist services and roaming. For instance, Lycamobile offers cheap international calling to its users. Also, MVNO vendors are nowadays focused on collaborating with travelers or diaspora communities, to provide efficient services to their customers.
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Increasing mobile phone users is boosting the Mobile Virtual Network Operators market
The number of mobile phone users is increasing year-by-year, which is directly impacting the growth rate of the market. Many mobile phone vendors are providing decent features at low prices. MVNOs are collaborating with mobile phone manufactures for providing their services to customers at cheap prices. Also, MVNOs are working continuously on packaging and pricing strategies, by which they can attract new customer base in other regions as well.
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Digitalization in the banking sector is boosting the Mobile Virtual Network Operators market
Many developed and developing nations have adopted mobile payment services for safety and better user experiences. Nowadays, banks are using internet connectivity, which enables e-banking, mobile money, e-commerce, and other online payment services. The financial service industry is replacing retailers with MVNOs, which can provide easy and fast transactions with the help of the Internet. Also, many vendors from other industries are adopting online payment services and launching online money transfer services and mobile wallets. These are the primary factors that are boosting the MVNO market.
Adoption of digitalization in developing countries enables the market to hold the highest CAGR in the Asia Pacific region
Few countries in the Asia Pacific region are still in the development phase, which is attracting lot of MVNO vendors in the region for business opportunities. Asia Pacific generated revenue of US$ 18.2 Bn in 2017 and is projected to hold prominent CAGR in the global MVNO market during the forecast period. Growth witnessed in the region is likely to increase due to collaborations between key players and mobile phone manufacturers in Asia Pacific. Also, developing countries such as India and China are working continuously on their IT and telecommunication industry, for providing enhanced and efficient services to its population.
North America MVNO Market, 2017
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The report provides qualitative and quantitative insights on the Mobile Virtual Network Operators market and detailed analysis of the market size and growth rate for all possible segments in the market. The market is segmented by operational model, service type, subscriber and by region. On the basis of the operational model, the global market is categorized into reseller MVNO, service provider MVNO, and full MVNO. Based on the service type, the global MVNO market is segmented into postpaid and prepaid. On the basis of a subscriber, the market is segmented into business and individual/residential. By region, the market is segmented into five major regions which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions are further categorized into countries.
Along with this, the report provides elaborative analysis of the market dynamics and competitive landscape. Various key insights provided in the report are the recent industry developments such as mergers and acquisitions, macro and micro economic factors, and key industry trends and developments.
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By Operational Model
By Service Type