MVNO Market Revenue to Expand at a CAGR of 6.8% by 2024
According to a research report "MVNO
Market by Operational Model (Reseller, Service Operator, Full MVNO),
Subscriber (Consumer, Enterprise), Organization Size (Smes, Large Enterprise),
Business Model (Discount, Ethnic, Business), and Region - Global Forecast to
2024", published by MarketsandMarkets, the MVNO market size is
projected to grow from USD 64.0 billion in 2019 to USD 89.0 billion by 2024, at
a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period. The
major factors driving the growth of the MVNO market include MVNOs providing
customer-centric services considering their demography and profit maximization
for both MNOs and MVNOs.
Key MVNO Market Player
Major vendors of include
Virgin Media Business (UK), DataXoom(US), Lebara(UK), KDDI(Japan), Asahi
Net(Japan), Virgin Mobile USA(US), TracFone Wireless(US), Boost
Mobile(Australia), Lycamobile(UK), Tesco Mobile(UK), PosteMobile(Italy),
Airvoice Wireless(US), Asda Mobile(UK), Giffgaff(UK), Kajeet(US),
Voiceworks(Netherlands), Ting(US), Red Pocket Mobile(US) and Consumer
Cellular(US).
Browse 101 market data Tables
and 22 Figures spread through 121 Pages and in-depth TOC on "MVNO
Market – Global Forecast to 2024"
By
Operational Model, the Full MVNO segment to lead the MVNO market during the
forecast period
The full MVNO operational model is the most advanced MVNO operational
model and involves MVNOs owning core network elements, giving it complete
freedom and independence to be like an MNO. The only aspect it will utilize
from MNOs is its radio spectrum. In this model, the MVNOs will set up their
Home Location Register (HLR)and other core network elements. It also needs to
negotiate its own interconnect agreements with all other operators globally.
The full MVNO model gives full call control and complete service development
flexibility and has the added benefit of enabling MVNOs to collect all inbound
Mobile Terminating Revenue (MTR), which is retained by the MNOs when they
support the MVNO models described above and shared on a negotiated basis. This
benefit is diminishing over time as MTR rates are falling globally.
By
Organization Size, the large enterprise segment to lead the MVNO market during
the forecast period
Large enterprises have various departments for performing different
business functions. These business functions need to coordinate with each
other, both within as well as outside organizations, for operational
efficiency. They prefer MVNOs who provide a definitive Return on Investment
(ROI). The spending capacity of large enterprises increases the adoption of
innovative MVNOs in this enterprise, and the trend is expected to continue
during the forecast period. Large companies are incorporating MVNO into their
enterprise operations exclusively in secure cloud environments, which naturally
make the service more scalable and faster to deploy, and less CAPEX-intensive
to manage. This is also making the MVNO model more viable for medium and large
enterprises.
North
America to lead the MVNO market during the forecast period
Based on the region, North America is expected to lead the MVNO market
during the forecast period. There are more than 390 MVNOs in North America who
have approximately 36 million subscriptions. MVNO services are expected to see
huge growth in North America due to the convergence of IT and telecom sectors.
This convergence is expected to open huge opportunities for enterprise
customers in North America for MVNO services. MVNOs offer attractive
opportunities to the mature telecom industry as they come up with reduced OpEx
(Operating Expense), attractive prices, customized service plans, and others
for new businesses and consumers. The countries included in the market analysis
for North America are the US and Canada. The companies are heavily outsourcing
data centers, IoT services, and networking services from MVNOs. The enterprises
in the US indicate that they have outsourced their IT and network functions
from the service providers
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