The increasing number of phone users will enable growth in the global mobile virtual network operators (MVNO) market.
Recently Fortune Business Insights published a report, titled “Mobile Virtual Network Operators (MVNO) Market Size, Share and Global Trend by Operational Model (Reseller MVNO, Service Provider MVNO, Full MVNO), Service Type (Postpaid, Prepaid), Subscriber (Business, Individual/Residential) and Geography Forecast till 2025.”
As per the report, in 2017 the global mobile virtual network operators market was valued at US$ 62.5 Bn. The market is anticipated to expand at a CAGR of 7.8% and reach US$ 113.9 Bn by the end of 2025. The report offers a comprehensive overview of the global market.
According to the report, North America was leading the global market in 2017 and held a significant share in the market. The region is expected to witness impressive growth during the forecast period 2018-2025. The growth witnessed is attributable to presence of a high-tech network infrastructure in the region.
Asia pacific is also among the leading regions in global market. In 2017 Asia Pacific was valued at US$ 18.2 Bn, and is expected to expand at a relatively higher CAGR during the forecast period. The growth witnessed in region is attributable to increasing collaborations taking place between mobile phone manufacturers and key market players. Additionally, nations such as India, China, and others are witnessing fast development and attracting mobile virtual network service providers to invest in the region. This is anticipated to enable growth in the Asia Pacific mobile virtual network operators market. India, China, and others are also constantly working to improve their network infrastructure to offer seamless services. This is expected to reflect in higher adoption of mobile network services.
Rising Adoption of e-financial services to Fuel Demand for Mobile Network Services
In terms of operational model, the full MVNO segment emerged dominant in the global mobile virtual network operators market in 2017. The segment accounted for 37.7% of the global market in 2017. The segment is anticipated to witness impressive growth over the forecast period.
Increasing adoption e-financial services and rapid adoption of digitalization are a few factors anticipated to drive the global mobile virtual network operators market during the forecast period. Moreover, MVNO service providers are providing great offers and cheaper tariff to its customers, this is likely to fuel the demand in the global market.
“Key market players are giving emphasis on raising awareness about mobile network servicers in undeveloped and developing nations. Such initiatives are expected to enable growth in the global market.” said a lead analyst at Fortune Business Insights.
Lycamobile is Offering Pocket-friendly Calling Plans to Strengthen its Market Position
The global mobile virtual network operators market is expanding and witnessing entry of new players. Key market players are adapting strategies to strengthen their market position. For instance, Lycamobile offers cheap international calling to its customers. This is also anticipated to fuel the demand for mobile network services.