Mobile Virtual Network Operator Market to hit USD 120 billion by 2024 - PowerPoint PPT Presentation

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Mobile Virtual Network Operator Market to hit USD 120 billion by 2024

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Request Sample of Report @ Asia Pacific MVNO market value at nearly USD 8 billion in 2017 is expected to witness a remarkable growth due to the development of telecom infrastructure, increasing data traffic, growing smartphone penetration, and increasing adoption of 3G & 4G services. Healthy investment climate and favorable regulatory framework will propel the industry growth in the region. – PowerPoint PPT presentation

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Title: Mobile Virtual Network Operator Market to hit USD 120 billion by 2024


1
Mobile Virtual Network Operator Market to reach
USD 120 billion by 2024 Global Market Insights,
Inc
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Mobile Virtual Network
Operator Market
  • Mobile Virtual Network Operator (MVNO) Market
    size was over USD 55 billion in 2017, and is set
    to reach USD 120 billion by 2024 according to a
    new research report by Global Market Insights,
    Inc. Growing number of customers opting for
    cost-effective services is driving the MVNO
    market. Companies that offer voice SMS
    services, limited data, and inexpensive devices
    are increasing. These companies are targeting and
    successfully attracting the price-conscious
    customers using traditional marketing channels
    such as physical stores and limited budgets. This
    allows the companies to generate profits,
    encouraging the new players to enter the
    industry.
  • Growing need among the players for service
    differentiation is expected to play a vital role
    in the MVNO market growth. These companies
    integrate the products and services provided by
    the Mobile Network Operators (MNOs) with loyalty
    programs and financial services. The players are
    constantly adding innovative products and service
    bundles to their offerings as the subscribers are
    demanding service bundles that satisfy most of
    their mobility requirements. The growing number
    of lucrative offerings resulting from the
    increasing competition will drive the industry
    growth in the next seven years.

3
Continued...
  • Growing trend of M2M connectivity and IoT is
    expected to drive the MVNO market with a number
    of IoT devices in use projected to reach about
    20.5 billion by 2020. These devices require
    connectivity to leverage their full potential,
    creating opportunities for the players in the
    industry. High degree of agility and high
    innovation capabilities of these players make
    them an attractive option in the IoT connectivity
    space.
  • Due to this, the players have a tremendous growth
    potential, particularly in the connected cars and
    smart cities applications. Companies such as
    PodM2M, a player in the industry catering to the
    mission-critical connectivity solutions, are
    collaborating with industries and institutes to
    provide customized services. PodM2M provides IoT
    connectivity to the Trans-African
    Hydro-Meteorological Observatory (TAHMO) to
    connect 20,000 weather monitoring stations across
    the African sub-continent.

4
UK MVNO market size, by business model, 2017
2024 (USD Million)

5
Continued...
  • Growing prioritization of the host carrier to
    provide high-quality services to their regular
    customers will challenge the MVNO market growth.
    The MNOs prioritize the service of regular
    customers as these customers pay for the
    privilege. Also, in cases of network saturation,
    such as in cases of natural disasters or
    broadcast of multiple video streams, the host
    provider ensures services to its primary
    customers. Increasing prioritization of MNOs
    discourage the consumers to switch to the virtual
    networks, thus hampering the MVNO market growth.
  • The light MVNO market is anticipated to witness
    growth at over 12.5 due to the increasing
    adoption and consumer focus on low-cost services.
    The business model requires low investment,
    allowing a large number of players with low
    budgets to enter the industry. Also, the players
    with this business model can focus on niche
    customer segments that are difficult for an MNO
    to address. Increasing demand for customized
    offerings will provide growth opportunities to
    the light MVNO market.

6

Browse Full Market Research Report Mobile
Virtual Network Operator Market _at_
https//bit.ly/2M0X8PU https//w Request for a
Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/1
60
7
Continued...
  • Asia Pacific MVNO market value at nearly USD 8
    billion in 2017 is expected to witness a
    remarkable growth due to the development of
    telecom infrastructure, increasing data traffic,
    growing smartphone penetration, and increasing
    adoption of 3G 4G services. Healthy investment
    climate and favorable regulatory framework will
    propel the industry growth in the region. In
    January 2018, the Ministry of Industry and
    Information Technology (MIIT) of China introduced
    a proposal to issue commercial licenses to the
    players in the industry including
    foreign-invested firms.
  • Some of the key players in the MVNO market
    include Dataxoom, BT Mobile, FreedomPop, Exetel,
    GiffGaff, Freenet AG, Red Pocket Mobile, Tracfone
    Wireless, and VoiceWorks GmbH. These players in
    the industry are shifting their focus to the B2B
    customers from the B2C ones as the enterprises
    and businesses increasingly seek real-time
    connectivity via an array of devices. The
    companies are pursuing new business opportunities
    across regions without having to build a new
    physical infrastructure.

8
Industry Coverage

9
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