The North America IoT MVNO Market would witness market growth of 18.7% CAGR during the forecast period (2023-2030).
Mobile virtual network operators (MVNOs) are changing to meet the changing needs of consumers and businesses becomes more linked through digital means and as new digital applications emerge in the enterprise sector. In the past, the MVNO industry has mostly concentrated on expansion potential in business-to-consumer services. Still, new opportunities are constantly emerging in an emerging sector: machine-to-machine (M2M) data communication. A new and exciting growth opportunity is emerging from MVNOs, particularly in machine-to-machine systems, or IoT, as volumes of digital data are created across countless digital points throughout industries, organizations, residences, and commercial space.
The market offers many possibilities for innovative services and efficiencies, giving MVNOs more focused growth options. Leading mobile carriers can expand into new markets without constructing new physical networks due to the market's changing dynamics. IoT businesses are embracing MVNO services to conduct business more successfully. Technologies and services that enable the efficient operation of machine-to-machine solutions are also experiencing a massive increase in demand as IoT technologies steadily increase the number of new values, services, and business prospects they create across various industries.
North American manufacturers from all industrial sectors are establishing the foundation for future development by gradually increasing their level of automation. In order to compete with important international industrial hubs, North America also pushed to develop and employ robotic and automation technology. Due to big data analytics, businesses use smart manufacturing to transition from reactive to predictive operations in this region. Overall, the market is anticipated to expand in North America over the next few years due to several factors, including the growing usage of IoT devices and the increased demand for data-driven insights.
The US market dominated the North America IoT MVNO Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,727 million by 2030. The Canada market is anticipated to grow at a CAGR of 21.4% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 20.4% 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 U.S., Mexico, Canada, and Rest of North America.
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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