Among the main reasons smart technology has become an indispensable part of our lives is the invention of compact and easily accessible devices, such as smart phones and computers, which utilize internet and mobile services to operate. The growing demand for cellular and broadband connectivity, in recent years, has been met by mobile virtual network operators (MVNOs) as they focus on innovative distribution and segment-based pricing strategies. They are able to provide cost-efficient mobile services to people as they utilize the existing telecom infrastructure of bigger mobile network operators (MNO).
A P&S Intelligence study claimed that the MVNO market would grow to $98.0 billion in the near future from $55.1 billion in 2017 at a 9.7% CAGR. MVNOs are service providers who do not own cellular network infrastructure and licensed spectrum but purchase network services at wholesale prices from bigger MNOs and provide customers with services under their own brand name and retail prices. Media/entertainment, discount, business, telecom, migrant, retail, cellular M2M, and roaming are different types of MVNOs. In 2017, discount MVNOs remained the most profitable and will continue making the most of these services in the coming years.
Advancements in technology and the increasing spending power of consumers have resulted in the rising popularity of mobile phones and other such devices. Technical advancements have contributed immensely in bringing down the manufacturing and purchase cost of such devices, thereby leading to their increasing penetration and demand in society. This, in turn, has upped the demand for mobile data and other services.
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Europe has been the most productive region for MVNOs, as in a major part of Western Europe, MVNOs are greatly supported by telecom regulatory bodies, which is why the region will keep accounting for the largest presence of MVNOs in the coming years. This deep penetration of MVNOs in the region has resulted in an increase in the competition among them, thereby resulting in better provision of telecom services to customers and that too at fairly reasonable costs.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
To More Information Visit: P&S Intelligence
Advancements in technology and the increasing spending power of consumers have resulted in the rising popularity of mobile phones and other such devices. Technical advancements have contributed immensely in bringing down the manufacturing and purchase cost of such devices, thereby leading to their increasing penetration and demand in society. This, in turn, has upped the demand for mobile data and other services.
Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=mobile-virtual-network-operator-market
Europe has been the most productive region for MVNOs, as in a major part of Western Europe, MVNOs are greatly supported by telecom regulatory bodies, which is why the region will keep accounting for the largest presence of MVNOs in the coming years. This deep penetration of MVNOs in the region has resulted in an increase in the competition among them, thereby resulting in better provision of telecom services to customers and that too at fairly reasonable costs.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
To More Information Visit: P&S Intelligence
