25.05.2021 Бизнес

COVID-19 Business Impact on MVNO Market Growth Opportunities, Market Share & Trends

The mushrooming adoption of triple-pay services in the emerging economies is one of the major factors fueling the demand for mobile virtual network operators (MVNOs) across the world. Triple-pay services are basically bundled packs that are offered by several service providing organizations such as those providing broadband internet access and latency-sensitive telephone and television services.

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The popularity of triple-pay services is very high in North America. In the U.S., many telecom operators are nowadays offering triple-pay services. Due to rapid technological advancements and innovations, the average price of a mobile phone has reduced significantly across the world. This has massively augmented the penetration of mobile phones, which has, in turn, caused a sharp surge in the number of mobile network subscribers around the world.

Mobile virtual network operators offer value-added and affordable bundled services such as enhanced video and voice, mobile payment applications, mobile TV, and mobile internet. Out of these, the cellular M2M category will exhibit the highest CAGR in the mobile virtual network operator market in the future years, as per the forecast of the market research company, P&S Intelligence.

This will be because of the rising integration of cellular connectivity in various applications such as those related to vending machines and vehicles, the expansion of the mobile network coverage, and technological innovations in the 3G M2M domain. Hence, it can be said without any doubt that the demand for mobile virtual network operators will shoot-up all over the world in the upcoming years, mainly because of the increasing penetration of the internet and smartphones and the rising popularity of triple-pay services.