The MVNO market is strengthening its hold over the global market by increasing its mobile penetration, increasing the number of machine-to-machine (M2M) transactions, and providing low-cost cellular services. These factors are helping the MVNO market to operate private networks to enhance the work experience, including remote work.

Covid-19 Impact

The proliferation of remote work, followed by the spread of Covid-19, has sparked a trend toward the adoption of mobile virtual network operators (MVNOs). This is done to ensure that workers' productivity is not hindered while they work to improve their company's operational model.

Europe will dominate the global 5G MVNO Market

During the period of time covered by this forecast, it appears that Europe will hold the largest share of the global MVNO market. In addition, the availability of such growth opportunities motivates a variety of businesses, both large and small, to expand their operations within the region.

North America will see a stable growth rate in the period of interest

During the time frame that is being considered, it is anticipated that North America will capture the second-largest market share. Emerging players who are active in the market for mobile virtual network operators all over the world are concentrating their efforts on forming partnerships with well-established network carriers.

The Discount Segment will dominate the global 5G MVNO Market

Through the year 2029, the discount type will have the greatest potential for sales. Its growth can be attributed to rapid digitization, increased customer engagement, and increasing demand for MVNO solutions in small businesses or general users who are looking for low-priced mobile virtual network operators that provide strong and advanced networks to improve the operational model and enhance processing. The size of the global MVNO market is increased as a result.

During the forecast period, 2022-2029, the size of the global MVNO Market is projected to increase at a compound annual growth rate (CAGR) of 7.9%, reaching USD 132.03 billion.

Because of improvements in both the speed and quality of communication, the world has shrunk in size as a result. In addition, the non-commercial sector is experiencing a surge in demand for reasonably priced wireless network services to meet day-to-day needs like fast internet connectivity, online gaming, streaming, and video conferencing.

Many of these business-to-business services will use the novel capabilities made available by 5G technology. Mobile Network Operators (MNO) that rely on cellular technology will be able to take advantage of 5G's capabilities to expand their Internet of Things (IoT) operations significantly, for instance. A good number of these businesses, strategies, services and solutions are discussed in the report.

The growth of the MVNO market is fueled by the increasing digitization of various industries, the growing penetration of smartphones, corporate mobile networks, and initiatives undertaken by the government. Because COVID-19 has encouraged businesses to employ remote workers, there is now a demand for improved communication network solutions.

The enhancement of the network and operational model, as well as the provision of industry-specific communication solutions such as a mobile virtual network, are both significant contributions made by MVNOs. MVNOs are preferred by businesses over MNOs due to their increased flexibility and capacity to manage increased traffic regardless of the size of the organization.

The rollout of 5G network bandwidths in developed countries provided the impetus for the growth of the MVNO market by increasing the available space in the communication network space. Working remotely and the requirement for improved communication networks for data transfer, along with the availability of cloud storage and rapid processing, contribute to the MVNO market size and its presence in new market regions.

In the global market for 5G MVNOs, some of the most prominent companies include Airlinq, Liberty Wireless, KORE Wireless, Google Fi, DH Telecom, Lenovo Connect, Abzorb, Flash Wireless, Axis Telecom, BT Mobile, Conecto, Boost Mobile, Aeris, B-Mobile, JD Mobile, Isoton, Arkessa, Chat Sim, Japan Communications, Line Mobile, and Know Roaming.

Recent Development

• VMB has formed a partnership with Versa Networks in order to expand the size of the MVNO market by providing SD-WAN services to multiple enterprises of varying organization sizes for the purposes of cloud integration, enhancing automation, increasing security, and strengthening connectivity.
• In order to gain customer traction and increase the size of the MVNO market, TracFone Wireless Inc.'s wireless division has recently launched its six-month service packs in collaboration with a number of different cellular service providers.
• The Lycamobile Group has improved its supply chain by signing a new multi-year MVNO deal with O2. This deal will allow the Lycamobile Group to expand its distribution channels and supply chain across multiple regions. This contributes to the growth of the MVNO market while also helping the market gain traction.

5G MVNO Market Scope

Key segments in 'Global 5G MVNO Market’
By Type (USD Million)
•    Service Provider
•    Brand Reseller
•    Full MVNO
By End-User (USD Million)
•    Consumer
•    Business
By Application (USD Million)
•    Discount
•    Business
•    M2M
•    Retail
•    Telecom
•    Migrant
•    Others
By region (USD Million)
North America
        •    The United States of America
        •    Canada
        •    Mexico
Europe
        •    France
        •    Germany
        •    Spain
        •    Greece
        •    Italy
        •    Romania
        •    Belgium
        •    Holland
        •    Poland
        •    Russia
        •    The United Kingdom
Asia-Pacific
        •    Indonesia
        •    Vietnam
        •    Malaysia
        •    Australia
        •    Thailand
        •    India
        •    China
        •    South Korea
        •    Others
South America
        •    Argentina
        •    Colombia
        •    Venezuela
        •    Portugal
        •    Brazil
        •    Colombia
        •    Peru
        •    Paraguay
        •    Urugua