Sellbyville, DE -- (SBWIRE) -- 06/12/2019 -- The Europe mobile virtual network operator (MVNO) market is expected to hold the majority share of around 45% by 2024 due to the presence of a large number of players in the region. The industry in the region is characterized by regulations such as Roam Like At Home that is strengthening the industry growth in the region and attracting foreign investments. Technological advancements, such as virtualization, digitization, and eSIM technology, are allowing the companies to provide innovative products and services.

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Mobile virtual network operator (MVNO) market has been gaining extensive recognition in recent times, in sync with the evolving business models in a hyper connected digital realm. The progressive pathway carved by mobile virtual network operator (MVNO) market is vividly evident from the recorded share of USD 55 billion in 2017. Even nearly half a decade back, MVNOs were mostly associated with B2C (business-to consumer) services, and the marketplace has experienced many ups and downs with economic forces and consumer preferences. Now, close to the termination of three decades since its onset in 1990's, with the influx of huge data in IT infrastructure, the industry is observing lucrative opportunities from the B2B space.

The key players covered in this study: -
- Asda
- Cricket Wireless
- ONO
- TalkTalk
- TracFone Wireless
- Truphone
- América Móvil
- AT&T
- BT
- China Mobile International Limited
- Etisalat
- MTN
- O2 (Telefónica UK)
- Orange
- SK Telecom
- Sprint
- T-Mobile
- Telefónica
- Deutsche Telekom
- Three.
- U.S. Cellular
- Verizon
- Vodafone

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Growing trend of M2M connectivity and IoT is expected to drive the mobile virtual network operator (MVNO) market with a number of IoT devices in use projected to reach about 20.5 billion by 2020. These devices require connectivity to leverage their full potential, creating opportunities for the players in the industry. High degree of agility and high innovation capabilities of these players make them an attractive option in the IoT connectivity space. Due to this, the players have a tremendous growth potential, particularly in the connected cars and smart cities applications.

Companies such as PodM2M, a player in the industry catering to the mission-critical connectivity solutions, are collaborating with industries and institutes to provide customized services. PodM2M provides IoT connectivity to the Trans-African Hydro-Meteorological Observatory (TAHMO) to connect 20,000 weather monitoring stations across the African sub-continent.

The light mobile virtual network operator (MVNO) market is anticipated to witness growth at over 12.5% due to the increasing adoption and consumer focus on low-cost services. The business model requires low investment, allowing a large number of players with low budgets to enter the industry. Also, the players with this business model can focus on niche customer segments that are difficult for an MNO to address. Increasing demand for customized offerings will provide growth opportunities to the light mobile virtual network operator (MVNO) market.

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In the light of the recent scenario, it is vividly conspicuous that MVNOs have become integral vertical in leading companies worldwide. While cable companies are vying with one another to unlock its potential in fixed mobile convergence, some retailers are transiting into mobile virtual network operator (MVNO) market in a bid increase their profit margin. With companies and modern business models seeking to explore new avenues of cost-effective and customer-centric approach, mobile virtual network operator (MVNO) market is sure to mark an escalation in terms of revenue streams. Global Market Insights, Inc. forecasts the overall business space to exceed a valuation of USD 120 billion by 2024.

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