The global mobile virtual network operators market is anticipated to report a CAGR of 7.8% between 2018 and 2025 with the rapid increase in the number of mobile phone users. Key insights into this fast growing market have been shared by Fortune Business Insights in its 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”.
The market was valued at US$ 62.5 Bn in 2017 and is likely to reach US$ 113.9 by 2025. Mobile virtual network operators are small cell phone carriers (for example, Boost Mobile, Metro) that use the network of a larger carrier such as Verizon or AT & T. The difference between the two is that the small carriers use the cell towers built by the big carriers to provide service. The big carriers build, operate, and maintain their own cell towers; the small carriers use these towers and since they do not have to build or maintain any infrastructure, they can offer services at cheaper rates.
Expanding Customer Base and Increasing Digitization to Fuel the Market
With steadily advancing wireless network technology, mobile virtual network operators are able to provide services at even lower prices which has expanded their customer base significantly. Rising costs of network services of large companies like AT & T are pushing consumers to switch to mobile virtual network operators. For example, the Verge recently reported that AT & T more than doubled its fee mid-2018. This has increased the global mobile virtual network operators market size and it is expected to grow in the forecast period. Moreover, many mobile virtual network operators are designing plans and schemes for international students, tourists, and other diaspora. For example, the UK-based Lycamobile specifically offers low-cost international calling, messaging, and data plans across Europe and parts of Africa, USA, and Australia.
Increasing digitization of services such as banking and growing popularity of e-commerce is expected to further fuel the global mobile virtual network operators market till 2025. Rising adoption of technology in both developed and developing countries for efficient service delivery augurs well for the global mobile virtual network operators market. For example, e-banking and mobile banking are becoming popular as they allow consumers to operate their bank accounts from their home. These factors combined are expected to propel the market revenue to USD 113.9 billion by the end of 2025.
market during the forecast period.
Key Companies Covered In The Report
- Lycamobile Group
- FRiENDi mobile Oman
- Globecomm Systems Inc.
- Virgin Mobile USA
Slow Data Speed Makes Growth a Bumpy Ride for Overall Market
While mobile virtual network operators offer a lot of advantages to customers, there are certain cons that can impede the smooth growth of the market. These can include slow data speeds, bad coverage outside of core areas, fewer phone purchase options, among others. For example, Lycamobile is notorious for frequent call drops and loss of network in many areas in the UK and Ireland. These issues can make a potential customer to think twice before paying for the service. This is especially true in case of international students who need to make frequent calls to their home countries. Such factors can limit the growth of the global mobile virtual network operators market.
Table of Content
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology and Assumptions
3.1. Drivers, Restraints and Opportunities
3.2. Emerging Trends ofMarket
4.1. Macro and Micro EconomicFactors
4.2. Key Technological Developments
4.3. Value Chain Analysis
4.4. SWOT Analysis
5.Global Mobile Virtual Network Operators Market Analysis, Insights and Forecast, 2014-2025
5.1. Key Findings / Summary
5.2. Market Sizing Estimations and Forecasts – By Operational Model (US$ Bn)
5.2.2.Service Provider MVNO
5.3. Market Sizing Estimations and Forecasts – By Service Type (US$ Bn)
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