According to a research report "MVNO Market by Operational Model (Reseller, Service Operator, Full MVNO), Subscriber (Consumer, Enterprise), Organization Size (Smes, Large Enterprise), Business Model (Discount, Ethnic, Business), and Region - Global Forecast to 2024", published by MarketsandMarkets, the MVNO market size is projected to grow from USD 64.0 billion in 2019 to USD 89.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period. The major factors driving the growth of the MVNO market include MVNOs providing customer-centric services considering their demography and profit maximization for both MNOs and MVNOs.
Browse 101 market data Tables and 22 Figures spread through 121 Pages and in-depth TOC on "MVNO Market - Global Forecast to 2024"
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North America to lead the MVNO market during the forecast period
Based on the region, North America is expected to lead the MVNO market during the forecast period. There are more than 390 MVNOs in North America who have approximately 36 million subscriptions. MVNO services are expected to see huge growth in North America due to the convergence of IT and telecom sectors. This convergence is expected to open huge opportunities for enterprise customers in North America for MVNO services. MVNOs offer attractive opportunities to the mature telecom industry as they come up with reduced OpEx (Operating Expense), attractive prices, customized service plans, and others for new businesses and consumers. The countries included in the market analysis for North America are the US and Canada. The companies are heavily outsourcing data centers, IoT services, and networking services from MVNOs. The enterprises in the US indicate that they have outsourced their IT and network functions from the service providers
Market Players
Major vendors of include Virgin Media Business (UK), DataXoom(US), Lebara(UK), KDDI(Japan), Asahi Net(Japan), Virgin Mobile USA(US), TracFone Wireless(US), Boost Mobile(Australia), Lycamobile(UK), Tesco Mobile(UK), PosteMobile(Italy), Airvoice Wireless(US), Asda Mobile(UK), Giffgaff(UK), Kajeet(US), Voiceworks(Netherlands), Ting(US), Red Pocket Mobile(US) and Consumer Cellular(US).
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Virgin Media Business (UK) is one of the leading vendors in the MVNO market. Currently, Virgin Media Business is working toward enhancing its market share and presence with the help of inorganic and organic growth strategies, such as partnerships and new service launch respectively. For instance, in May 2019, VMB partnered with the London Grid for Learning (LGF), a not-for-profit organization, to improve connectivity for thousands of schools. This partnership would benefit more than 1.2 million school children by providing digital classrooms and speedier internet connection. In November 2018, VMB launched new Software-Defined-Wide Area Network (SD-WAN) services for its enterprise customers. These services would help enterprise customers in obtaining more accurate real-time insights, analytics, and network traffic visibility.
DataXoom (US) is another leading MVNO service provider across the globe. The company operates as an MVNO and uses AT&T, Verizon Wireless, and Sprint networks in the US. It provides mobile broadband network connectivity for tablets and mobile hotspots, which are used by SMEs. The company is focusing on both organic and inorganic growth strategies to improve the MVNO market. For instance, in July 2019, DataXoom rolled out new Application Programming Interface (API) updates for its enterprise customers. These updates would help the enterprise customers easily integrate DataXoom devices with their Customer Relationship Management (CRM) platforms, such as ServiceNow, Salesforce.com, Microsoft, and Oracle. In December 2018, DataXoom partnered with Cradlepoint’s channel partner program to launch a single and dual Subscriber Identification Module (SIM) and multi-carrier rate plans for its enterprise customers. In December 2018, DataXoom partnered with Peplink, a provider of wired and wireless SD-WAN solutions. DataXoom can use routers from Peplink to provide wireless failover solutions for enterprise customers.
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