The Latin America, Middle East and Africa IoT MVNO Market would witness market growth of 22.5% CAGR during the forecast period (2023-2030).
The market is driven by several reasons, including the rise in mobile device usage and technological developments in cloud computing and virtualization. In addition, this market is driven by factors like lower costs, enhanced productivity, better infrastructure, acceptance of cloud technologies, growth in IoT applications, increased utilization of value-added services, widespread implementation of digitalization, and increasing digital payment services. In addition, the industry is anticipated to benefit from technical development and an increase in demand for payment systems and mobile internet.
Since mobile telecom services are more flexible, easier to install, and more scalable, IoT companies favor them over wired line services. As a result of the high cost of traditional mobile telecom services and the requirement to purchase them in an item-by-item fashion, MVNOs are developing service plans that offer wholesale access to a number of mobile telecom services in bulk. This has increased their uptake among various industries.
Nigeria's information and communications technology (ICT) sector remained active. The Nigerian Communications Commission (NCC) said that the telecom industry boosted its GDP contribution to 14.13% in the first quarter of 2023. Additionally, in an effort to make Dubai the world's smartest city, the Dubai Electricity and Water Authority (DEWA) is actively involved. A thorough plan to construct a smart water and energy infrastructure was designed by DEWA to support this goal. Dubai will become the world's smartest and happiest city according to DEWA's 7 billion AED Smart Grid Programme. These aspects are supporting further growth.
The Brazil market dominated the LAMEA IoT MVNO Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $191.7 million by 2030. The Argentina market is experiencing a CAGR of 23.2% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 22.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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