The surging demand for low-cost data and calling services will propel the Mobile Virtual Network Operator (MVNO) Market growth during the next six years. The growing demand for low-cost data and calling services is encouraging the providers to purchase network services from the network operators at wholesale rates and sell them as refurbished bundled services at new rates. These providers launch services and bundles that are innovative and appeal to the niche customers due to their flexibility. These companies address the requirements of the customers with a range of offerings. Based on price, these providers attract customers, propelling the Mobile Virtual Network Operator (MVNO) Market growth. For instance, Mint in the U.S. operates on the network of T-Mobile and offers attractive low-cost plans.
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The reduction in the Average Revenue Per User (ARPU) is compelling the companies to offer differentiated services. MNOs are also allowing the virtual operators to buy network capacities and offer customized solutions to the customers to cater to their requirements, propelling the Mobile Virtual Network Operator (MVNO) Market. With these services, the companies are increasing their brand loyalty in the low-ARPU scenario.
Mobile Virtual Network Operator (MVNO) Market has been gaining extensive recognition in recent times, in sync with the evolving business models in a hyper connected digital realm. The progressive pathway carved by Mobile Virtual Network Operator (MVNO) Market is vividly evident from the recorded share of USD 55 billion in 2017. Even nearly half a decade back, MVNOs were mostly associated with B2C (business-to consumer) services, and the marketplace has experienced many ups and downs with economic forces and consumer preferences.
Now, close to the termination of three decades since its onset in 1990’s, with the influx of huge data in IT infrastructure, the industry is observing lucrative opportunities from the B2B space. As per estimates, business transactions on internet (both B2B and B2C services) by the end of 2020 would be more than 400 billion per day. As enterprises seek to add extra value to their business models with consumers expecting more seamless and customized real time connectivity, MVNO industry is certain to chart a profitable roadmap in the years ahead.
The Europe Mobile Virtual Network Operator (MVNO) Market is expected to hold the majority share of around 45% by 2024 due to the presence of a large number of players in the region. The industry in the region is characterized by regulations such as Roam Like At Home that is strengthening the industry growth in the region and attracting foreign investments. Technological advancements, such as virtualization, digitization, and eSIM technology, are allowing the companies to provide innovative products and services.
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With companies and modern business models seeking to explore new avenues of cost-effective and customer-centric approach, Mobile Virtual Network Operator (MVNO) Market is sure to mark an escalation in terms of revenue streams. Global Market Insights, Inc. forecasts the overall business space to exceed a valuation of USD 120 billion by 2024.
Some Points From Table Of Content: –
Chapter 4. Mobile Virtual Network Operator (MVNO) Market, By Business Model
4.1. Key trends in MVNO by business model
4.2. Full MVNO
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast by region, 2013 – 2024
4.3. Light MVNO
4.3.1. Market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast by region, 2013 – 2024
4.4. Service provider MVNO
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. Market estimates and forecast by region, 2013 – 2024
4.5. Branded reseller
4.5.1. Market estimates and forecast, 2013 – 2024
4.5.2. Market estimates and forecast by region, 2013 – 2024
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