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Virtual Network Operator Market Trends

Report ID: GMI8122
Published Date: Feb 2024
Report Format: PDF

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Virtual Network Operator Market Trends

The market is witnessing a trend driven by significant technological advancement. The introduction of 5G networks considerably improves network speeds and capabilities, giving virtual network operators new opportunities to provide innovative services such as cloud gaming, AR/VR apps, and high-speed data plans. Along with this, MVNOs are also leveraging their agility to cater to the specific needs of the rapidly growing IoT market, and also the cloud-based service market by leveraging cloud technologies. MVNOs may improve their service offerings, operational efficiency & market competitiveness by embracing emerging technology and adopting creative solutions. This eventually leads to a more diversified, dynamic, and accessible mobile environment for customers, fueling future development in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Virtual network operator market size was USD 92.2 billion in 2023 and is expected to register over 7% CAGR from 2024-2032 owing to the rising living expenses leading to many consumers seeking affordable alternatives to typical mobile network operator services worldwide.

The Mobile Virtual Network Operator (MVNO) segment held over 80% share of the virtual network operator industry in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to the increasing global deployment of e-SIM technology.

Asia Pacific held 29% share of the virtual network operator industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the increasing smartphone adoption, price-sensitive consumers, and growing demand for data-driven services in the region.

Asahi Net, DISH Wireless L.L.C, Giffgaff, KDDI Corporation, Lebara Group BV, Lyca Mobile, Mint Mobile, PosteMobile, and Rekuten Mobile, are some of the major virtual network operator companies worldwide.