Internet
Europe MVNO Market Revenue to Jump to $48,762.8 Million by 2030, says P&S Intelligence
The use of self-service portals, owing to their ability to give consumers more control over their mobile data, is becoming a major trend in the European MVNO market.
AT&T Inc., Lycamobile Group, Verizon Communications Inc., Consumer Cellular Inc., T-Mobile US Inc., Giffgaff Limited, ASDA Stores Limited, CITIC Telecom International Holdings Limited, Voiceworks BV, BT Group plc, Red Pocket Inc., and Truphone Limited are some of the major players operating in the industry.
The COVID-19 pandemic has slowed down the growth of the market, as the lockdowns imposed by several governments caused the closing down of companies and stores, thereby leading to a massive fall in the sales of devices and number of subscribers.
The increasing focus of market players on segment-targeted pricing and innovative distribution strategies will drive the MVNO market at a CAGR of 7.1% during the forecast period (2021–2031). The market revenue stood at $66,582.0 million in 2020, and it will reach $139,663.0 million by 2031.
The rising need for network privacy and improved visibility, vast adoption of cloud-based applications, internet of things (IoT), and big data, and surging awareness about cyber threats are the major factors contributing toward the rising demand for software-defined wide area network (SD-WAN) solutions.
The rising demand for low-latency internet, increasing adoption of technologies that demand speedy internet connections, such as the internet of things (IoT); expanding 5G subscriber base, and surging investments by governments and private organizations are some of the major factors responsible for the growth of the global 5G infrastructure market.
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