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

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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
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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.

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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.

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

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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.

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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
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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.

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