According to a new report, published by KBV research, The Global IoT MVNO Market size is expected to reach $10 billion by 2030, rising at a market growth of 19.5% CAGR during the forecast period.
The Service Operator segment is leading the Global IoT MVNO Market by Operational Model in 2022 thereby, achieving a market value of $4.5 billion by 2030. A number of reasons, such as the rising use of IoT devices, the increasing demand for data-driven insights, the requirement for scalability and flexibility, and the need for security, are propelling the expansion of the segment. Service providers have greater influence over customer-facing components inside the service operator model, allowing the model to interact better with its own products and systems.
The Consumer segment has shown the growth rate of 22.2% during (2023 - 2030). The wants and demands of the consumer can best be met by MVNOs. This is so that MVNOs can develop creative B2B, B2C, and IoT applications, compared to Mobile Network Operators (MNOs), who lack the ability to customize their services. In addition to creating a new source of income for MVNOs, this also enables them to stand apart in an increasingly competitive marketplace.
The North America market dominated the Global IoT MVNO Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.8 billion by 2030. The Europe market is exhibiting a CAGR of 19% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 20.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/iot-mvno-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
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