Rise in adoption for cloud-based solutions, and increase in application areas for Internet of Things (IoT) & Long Term Evolution (LTE) among telecom industry are expected to fuel the demand for MVNO Market. Growth in the development of telecom infrastructure expenditure in the emerging countries, improved service capabilities, and presence of lucrative opportunities for telecom industry .
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The global MVNO market is segmented based on operational model, type, and geography. By operational model, the market is segmented into full MVNO, service operator MVNO, and reseller MVNO. Further, the types of MVNOs include media & entertainment, discount, business, cellular M2M, migrant, retail, telecom, and roaming.
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The discount segment dominated the global MVNO market with around 24% share in 2016, followed by telecom segment. Furthermore, cellular M2M segment is estimated to grow at the highest CAGR of 17.7%, owing to increased flexibility needs, bundles & offer building, billing simplicity, and others.
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The MVNO market is categorized based on geography into North America, Europe, Asia-Pacific, and LAMEA. Europe was the highest revenue contributor in 2016, accounting for around 41% share in the market. However, Asia-Pacific is projected to grow at the highest CAGR of 13.4% during the forecast period. The key players include Tracfone Wireless, Inc., RedPocket Mobile, AirVoice Wireless, FreedomPop, Freenet AG, KDDI Mobile, Polkomtel Plus, Tesco Mobile Ltd, Virgin Mobile USA, and Kajeet, Inc.
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Key Findings of the Market:
- The full MVNO segment dominated the global market in 2016, and the service operator MVNO segment is expected to grow at the highest CAGR from 2017 to 2023.
- The cellular M2M segment is estimated to provide significant growth opportunities to the key players operating in the global market.
- The MVNO market in Europe is expected to be dominant in terms of market size. However, Asia-Pacific is estimated to register a significant growth rate in the future.
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