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The global Mobile Virtual Network Operator (MVNO) market size is projected to show strong growth by attaining USD 149.13 billion by 2030. Fortune Business Insights™ in its report titled “Mobile Virtual Network Operator (MVNO) Market Size, Share & COVID-19 Impact Analysis, By Operational Model (Reseller, Service Provider, and Full MVNO), By Service Type (Postpaid and Prepaid), By Subscriber (Business and Individual/Residential), and Regional Forecast, 2023-2030” observes that the market size in 2022 stood at USD 78.15 billion and is projected to reach the valuation of USD 84.36 billion in 2023. An MVNO is a wireless network service provider that provides its wireless services to specific market and is supported by the new and existing consumer base. The market for MVNO is characterized by upgrading technology, ever-changing customer needs, and frequent releases of new products and services.
Strategic Acquisition of CrossMobile by WHEN Group to Set Headway for Market Amplification
In January 2022, World Health Energy Holdings (WHEN) Group announced the acquisition of CrossMobile, a licensed Mobile Virtual Network Operator (MVNO) located in Poland. This acquisition led to the deployment of network infrastructure, business growth of their cyber-security solutions, and a large consumer base to enhance their businesses. Such acquisitions are set to help the market growth for MVNO in the long-term and generate the demand for the service as well.
Stay-at-Home Work Environment Amidst Pandemic Led to Positive Market Growth
The COVID-19 pandemic positively impacted the MVNO market growth. Shift toward a working-from-anywhere environment, cloud-based solutions, and increasing virtual conventions enable the workforce to collaborate and stay connected. These factors help in the enhancement of the demand for the network brand and cellular plans, enabling organizations to support remote working and securely manage the data during the COVID-19 pandemic.
Market Consolidation Strategies to Propel Market Growth
Various strategies for market consolidation are expected to fuel the Mobile Virtual Network Operator (MVNO) market growth. Market consolidation is done in three main ways, sub-brands being reabsorbed, strategic mergers & acquisitions for acquiring the customers, and market exits (with reabsorption of customers by MNOs or others). Fixed line operators and cable operators have been acquiring such service providers for the extension of their service offerings, wherein established MVNOs are buying competitors to upscale their customer database and transform their business models. In April 2022, Altice France signed an agreement for acquiring Coriolis Telecom Inc., a prepaid and value mobile provider based in France. The former company was acquired for USD 298 million, with an additional USD 117 million. The company also manages a subscription base of 30,000 businesses and 500,000 consumers in the region
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5G Connectivity to Give Rise to Numerous Subscribers
5G is expected to give rise to a new era of connectivity with its increasing efficiency and new services across industries. According to the report of 2022 by GSMA Intelligence Mobile Economy, about 400 million 5G subscribers are set to emerge by 2025, with a majority of consumers emerging from Asia Pacific and Sub-Saharan Africa owing to heavy investments from network operators and the wide range of 5G smartphones at varying prices. The report also states that about 200 million people connected to the internet in 2021. Statistics for the people were - 53% of internet users, 41% of covered users, and 6% non-covered.
Lack of wireless infrastructure in MVNO as they do not have the ownership of any spectrum allocation is limiting the adoption of these service providers.
New Product Launches by Market Players to Drive Market Share
Key players such as Verizon Communications Inc., Comcast Corporation, Verizon Wireless, T-Mobile USA Inc., Google Fi (Google LLC), Freenet AG, and Lyca Mobile have been expanding their global business through strategic collaborations and partnerships. The Mobile Virtual Network Operator (MVNO) collaborate with MNOs to provide dedicated network services to consumers. Furthermore, these players are also capitalizing on advanced infrastructure for implementing next-generation network operators. In December 2022, Verizon provided a 5G Home Plus plan, which had various benefits and discounts for attracting new consumers. The plan was for USD 35 per month, which included a Wi-Fi 6 router with a fixed price and USD 500 for early termination of other MVNO vendors.
Notable Industry Development
List of Key Companies Profiled in the Report:
Further Report Findings
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 8.5% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Operational Model, Service Type, Subscriber, and Region |
By Operational Model |
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By Service Type |
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By Subscriber |
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By Region |
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