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The global Mobile Virtual Network Operators Market (MVNO) market, which is expected to report an increasing CAGR of 7.8% during the period of 2018-2025. According to a report published by Fortune Business Insights, titled "Mobile Virtual Network Operators Market Size, Share and Industry Analysis by Operational Model (Reseller MVNO, Service Provider MVNO, Full MVNO), Service Type (Postpaid, Prepaid), Subscriber (Business, Individual/Residential) and Regional Forecast 2018-2025", this market was at USD 62.5 Billion in 2017, and is likely to be at USD 113.9 Billion by the end of 2025.
Recent advancements in efficient bandwidth utilization have had a positive influence on numerous mobile virtual network operators, globally. Mobile Virtual Network Operators (MVNOs) are backed by various operational benefits such as high prevalence of network operators, low setup cost, and minimal maintenance cost.
The operation of MVNOs is based on reselling the network provided by other MNOs and thus, MVNOs are able to provide services seamlessly and at a lower cost. Services at wholesale rates appeals to more users, thus enabling high end-user coverage. With low initial costs, MVNOs are able to experiment in other areas such as providing multiple user services and enabling roaming features at same costs. This, in turn has provided significant impetus to the global MVNO market and opened the doors for penetration of the mobile virtual network operator market across various regions.
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Exponential Rise in Number of Mobile Phone Users is Boosting the Mobile Virtual Network Operators Market
The consistent increase in numbers of mobile phone users is having a direct impact on the growth rate of the MVNO market. Many mobile phone vendors are able to provide decent features at low prices. MVNOs are now shifting their focus towards collaborating with mobile phone manufactures for providing their services to customers in cheap prices. Furthermore, mobile virtual network operators are working continuously on packaging and pricing strategies, based on which they can attract more customers.
Several developed as well as developing nations have adopted mobile payment services for safety and enhanced user experiences. In recent years, the increasing use of online banking services such as e-banking, mobile money, e-commerce, online payment services have created a huge potential for growth of the global mobile virtual network operators market. The financial service industry is transitioning from conventional retailers to MVNOs. Furthermore, majority of industrial vendors are opting for online payment services and are setting up their own online money transfer services and mobile wallets. These are the primary factors that are boosting the mobile virtual network operators market.
Based on operational model, the service provider segment is likely to emerge as the leading segment. This segment accounted for almost 31.9% of the global market share.
Asia Pacific to Emerge as the Leading Region by the End of Forecast Period
Many countries in Asia Pacific region are still in their developing phase, which is creating business opportunities for several MVNO vendors as, they mostly appeal to low and middle-income users. The MVNO market in Asia Pacifica was valued at US$ 18.2 Bn in 2017 and is projected to grow with a high CAGR in the forecast period. The market growth witnessed in the region is a result of increasing collaborations between key players and mobile phone manufacturers in Asia Pacific. Furthermore, developing countries such as India and China are putting more efforts in developments related to the IT and telecom industry, for providing enhanced and efficient services in their respective countries. Spurred by this, the mobile virtual network operators market in Asia Pacific will exhibit impressive growth over the forecast period.
The global MVNO market is segmented based on:
Segmentation of the Global MVNO Market
By Operational Model
· Reseller MVNO
· Service Provider MVNO
· Full MVNO
By Service Type
· North America (USA 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)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)