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Mobile Virtual Network Operator (MVNO) Market to Have a CAGR of 8.5% During the Forecast Period 2023-2030; Adoption of Wireless Technologies to Create Way for Market Growth

March 03, 2023 | Information & Technology

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

  • December 2022: Charter announced plans for developing hybrid fiber/coax (HFC) plans over the network at USD 100 per neighborhood. The company plans to enhance multi-gig plans and build a mobile spectrum network, which will help in improving its Wi-Fi network, deployment of CBRS spectrum, and company’s MVNO partnership with Verizon Wireless.

List of Key Companies Profiled in the Report:

  • Verizon Communications Inc. (U.S.)

  • Comcast Corporation (U.S.)

  • FreeNet AG (Germany)

  • AT&T Inc. (U.S.)

  • T-Mobile USA Inc. (U.S.)

  • Charter Communications Inc. (U.S.)

  • Lyca Mobile (U.K.)

  • Cricket Wireless LLC (U.S.)

  • Google Fi (U.S.)

  • Republic Wireless (U.S.)

Further Report Findings

  • The market in Europe stood at USD 29.45 billion in 2022 due to increasing mobile penetration and utilization of IoT devices which are expected to hold the largest part in the Mobile Virtual Network Operator (MVNO) market share.

  • Majority of the European countries have deployed commercial 5G services and approximately 2/3rd of the operators have launched 5G networks after looking at a rapid adoption rate.

  • The Middle East & Africa is anticipated to have significant growth in the market as MVNO licensing would benefit consumers and network operators.

Table of Segmentation



Study Period


Base Year


Forecast Period


Historical Period


Growth Rate

CAGR of 8.5% from 2023 to 2030


Value (USD Billion)


By Operational Model, Service Type, Subscriber, and Region

By Operational Model

  • Reseller

  • Service Provider

  • Full MVNO

By Service Type

  • Postpaid

  • Prepaid

By Subscriber

  • Business

  • Individual/Residential

By Region

  • North America (By Operational Model, By Service Type, By Subscriber, and By Country)

    • U.S.

    • Canada

    • Mexico

  • South America (By Operational Model, By Service Type, By Subscriber, and By Country)

    • Brazil

    • Argentina

    • Rest of South America

  • Europe (By Operational Model, By Service Type, By Subscriber, and By Country)

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

    • Benelux

    • Nordics

    • Rest of Europe

  • Middle East & Africa (By Operational Model, By Service Type, By Subscriber and By Country)

    • Turkey

    • Israel

    • GCC

    • North Africa

    • South Africa

    • Rest of MEA

  • Asia Pacific (By Operational Model, By Service Type, By Subscriber, and By Country)

    • China

    • India

    • Japan

    • South Korea

    • ASEAN

    • Oceania

    • Rest of APAC

Mobile Virtual Network Operators Market
  • PDF
  • 2022
  • 2019-2021
  • 140


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