According to the latest report by IMARC Group, titled “Mobile Virtual Network Operator (MVNO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global mobile virtual network operator (MVNO) market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global mobile virtual network operators (MVNO) market size reached US$ 73.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 119.6 Billion on by 2028, exhibiting a growth rate (CAGR) of 7.36% during 2023-2028.

What is a Mobile Virtual Network Operators (MVNO)?

Mobile virtual network operators (MVNOs) are service providers that do not own a mobile spectrum license or network infrastructure, however, provide mobile services using the bought network capacity from licensed mobile network operators (MNOs). They obtain bulk access to MNO services at wholesale or discounted rates and set retail prices for customers. They also provide various benefits, such as enhanced efficiency, network independence, lower prices, and customized plans for the consumer while traveling. Owing to these benefits, mobile virtual network operator services are widely adopted in retail, media, and entertainment, and telecom industries across the globe.

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What are the key factors driving in the mobile virtual network operators (MVNO) market?

The market is primarily driven by the rising penetration of smartphones, effective network services, fast internet connectivity, video conferences, OTT streaming, and online gaming. In addition, the surging need for communication-based services with better network facilities is contributing to the market growth. Moreover, the growing popularity of digital services, such as machine-to-machine (M2M) transactions, mobile money, and cloud-based solutions, represent another major growth-inducing factor.

Besides this, governments of numerous countries are implementing policies to offer better network service access for consumers and encourage digital services, which is providing a thrust to market growth. Furthermore, the rising advancements in LTE infrastructure, such as the introduction of VoWiFi, ViLTE, and VoLTE, and extensive investments in 5G MVNO technology to provide efficient communication services with low latency, are other factors creating a positive market outlook across the globe.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Airvoice Wireless, Amdocs, Asahi Net Inc., Boost Mobile, FreedomPop, Friendi Mobile, Kajeet Inc., Kddi Corporation, Lebara, Lycamobile, Tracfone Wireless Inc and Virgin Media Business.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Type:

• Media and Entertainment
• Discount
• Business
• Cellular M2M
• Migrant
• Retail
• Telecom
• Roaming

Breakup by Operational Model:

• Reseller MVNO
• Service Operator MVNO
• Full MVNO

Breakup by Service Type:

• Postpaid
• Prepaid 

Breakup by Subscribers:

• Business
• Individual/Residential

Regional Insights:

• Asia Pacific
• North America
• Europe
• Middle East and Africa
• Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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