World News: 15:03 GMT Friday 12th July 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, July 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The global mobile virtual network operator market size is expected to reach USD 94.82 billion by 2025 registering a CAGR of 7.6%, according to this report. This MVNO market growth can be attributed to the growing demand for data services and increasing number of mobile users across the globe. In addition, increasing number of services, such as cloud, Machine to Machine (M2M), and mobile money, are further expected to drive demand for MVNOs over the forecast period.Extensive usage of mobile applications, social media platforms, and multimedia services is also expected to propel the market growth. Declining prices of smartphones are boosting the number of subscribers across the globe. This factor is further expected to fuel market growth in the years to come. Rising number of partnerships by key companies for providing high-speed data services is anticipated to augment the MVNO market development.Favorable government guidelines for MVNOs that allow them to access the Single Wholesale Network (SWN) and the mobile operator networks, as well as eliminate national roaming charges are expected to drive the growth further. Government initiatives, such as the Digital Single Market (DSM) strategy, to eliminate copyright issues and geo-blocking problem and to provide better network service access in Europe is expected to help boost market development.Presence of a large number of companies has led to intense market competition forcing companies to offer mobile services at cheaper rates. This is also expected to spur market growth. The MVNO model is considered cost-effective and time-efficient to enter in the telecom market to benefit the customers. This is expected to provide potential opportunities for new entrants over the next few years.
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Related Topics: Networks, Mobile Networks
Globe Newswire: 15:03 GMT Friday 12th July 2019
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