The Asia Pacific IoT MVNO Market would witness market growth of 20.4% CAGR during the forecast period (2023-2030).
IoT connection offers fleet management tools for real-time position tracking, fuel consumption monitoring, and route management. Additionally, the list of innovations being developed by smart cities is endless and includes Internet-connected traffic lights that are synced and adjusted to traffic load, connected garbage cans, self-cleaning systems, and much more. Mobility in this context can entail integrating information from all aspects of the city, including its infrastructure, transportation, and traffic surveillance, to create a strong traffic management-based system and link it to systems of other cities.
To automate a city's operations, several public institutions work together, but they need the infrastructure to gather, link, and manage the data that is the basis of an autonomous government. For example, the Office of Electricity (O.E.) of the Department of Energy (DOE) announced that four university-led research projects will funding in 2020 to help them create and develop methods for integrating Internet of Things (IoT) technologies. These initiatives offer the energy infrastructure community reliable, scalable solutions to connect with cutting-edge IoT technologies.
India's massive and diverse transportation sector provides services to its 1.4 billion citizens. Most of the sector contributed to the nation's GDP through road transportation. Between urban and rural areas, there must be excellent physical connectivity for economic growth to occur. Due to India's growing economy, a greater need for transportation infrastructure and services has emerged in recent years. Not just in the Asia Pacific region but worldwide, China presently has one of the largest logistics sector, and this trend is anticipated to continue. To support this economic trend, the Chinese government has set forth clear future goals. According to the China Federation of Logistics and Purchasing, social logistics increased 4.4 percent yearly from January to April 2023 to 107.6 trillion yuan (about 15.19 trillion dollars). Consequently, this region offers profitable growth prospects for market expansion in the upcoming years.
The China market dominated the Asia Pacific IoT MVNO Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $710.3 million by 2030. The Japan market is poised to grow at a CAGR of 19.7% during (2023 - 2030). Additionally, The India market would witness a CAGR of 21.2% during (2023 - 2030).
Based on Operational Model, the market is segmented into Service Operator, Full MVNO, and Reseller. Based on Subscribers, the market is segmented into Enterprise (Transportation & Logistics, Retail, Healthcare, Manufacturing, Energy & Utilities, Agriculture and Others), and Consumer. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide IoT MVNO Market is Projected to reach USD 10 Billion by 2030, at a CAGR of 19.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include KORE Wireless Group, KDDI Corporation, Semtech Corporation, Giesecke & Devrient GmbH, Aeris Communications, Inc., Proximus Group (BICS), TELUS International (TELUS Communications Inc.), U-blox Holding AG, Orbcomm, Inc. (GI Partners L.P.) and Telit corporate group (DBAY Advisors Limited).
By Operational Model
By Subscribers
By Country
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