Mobile Virtual Network Operator Market expected to reach USD 109.9 billion by 2027
Mobile Virtual Network Operator Industry Overview The global Mobile Virtual Network Operator market size was valued at USD 61.1 billion in 2019 and is projected to witness a CAGR of 7.6% from 2020 to 2027. The growing use of data and value-added services such as live streaming and M-commerce based services are expected to drive the market for mobile virtual network operators over the forecast period. The increasing smartphone penetration across the globe and the subsequent rise in mobile subscriber base is estimated to remarkably contribute to industry growth. Mobile virtual network operators cater to various customer needs; however, they do not own the full infrastructure or license for using radio frequencies. The presence of a large number of market players has led to increased competition among service providers. Consecutively, this has led the players to offer mobile services at cheaper rates. The emergence of groundbreaking services such as machine-to-machine transaction...