Posted 4/6/2024, 10:30:00 AM
MVNO Market Size to Reach $161 Billion by 2032, Driven by Mobile Subscriber and Multi-SIM Growth
- Mobile virtual network operator (MVNO) market size was $84.3 billion in 2023 and is projected to reach $161.3 billion by 2032 at a 7.5% CAGR
- Growth driven by expanding mobile subscriber base and multi-SIM ownership, reaching 9.8 billion connections by 2030
- Full MVNO segment held a substantial market share in 2023 by owning business support systems and issuing own SIM cards
- Enterprise segment remained a leading end-use category by leveraging MVNO services to manage communication needs
- Europe held a significantly high MVNO market share in 2023, with strong growth expected in the UK, France and Germany