loT MVNO Market

loT MVNO Market Size, Share, Growth Analysis, By Region:(North America, United States (US)) - Industry Forecast 2024-2031

Report ID: UCMIG50C2035 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

loT MVNO Market Insights

Market Overview:

With a projected CAGR of 18.2% from 2023 to 2028, the global IoT MVNO Market is predicted to be worth around $2.9 billion in 2023 and reach a revenue of about $6.8 billion by the end of 2028. the main forces are Growing acceptance of cloud computing, rising need for IoT connectivity, rising demand for IoT security, and rising demand for a reliable cellular network

loT MVNO Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Wireless Telecommunication Services by segment aggregation, the contribution of the Wireless Telecommunication Services in Telecommunication Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The loT MVNO Market is segmented by Region:. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

loT MVNO Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Region: the market is segmented as, North America, United States (US), Canada, Europe, United Kingdom (UK), Germany, Rest of Europe, Asia Pacific, China, Japan, Australia and New Zealand, Rest of Asia Pacific, Middle East & Africa, UAE, KSA, South Africa, Rest of the Middle East & Africa, Latin America, Brazil, Mexico, Rest of Latin America, KEY MARKET PLAYERS, KDDI, KORE Wireless, Sierra Wireless, Twilio, Asahi Net, Telit, BICS, Lycamobile, Wireless Logic, Truphone, Aeris Communications, Cubic Telecom, Hologram, 1NCE, 1OT, SoracoM

Regional Analysis:

loT MVNO Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

loT MVNO Market Attractiveness Analysis, By Region 2020-2028
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loT MVNO Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on loT MVNO Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect loT MVNO Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key loT MVNO Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the loT MVNO Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • IoT MVNO Market is anticipated to be valued at approximately $2.9 billion in 2023 and is projected to hit a revenue of around $6.8 billion by the end of 2028, projecting a CAGR of 18.2% between 2023 to 2028. The IoT MVNO market's primary factor is the increasing adoption of IoT devices and applications. IoT devices are being used in various industries, including healthcare, manufacturing, and transportation. This leads to increased demand for connectivity solutions supporting IoT devices.
  • Driver: Growing demand for IoT connectivity
  • As more and more devices are connected to the internet, there is a growing demand for connectivity solutions that are specifically designed for IoT. IoT MVNOs can provide these solutions by offering specialized services and connectivity plans tailored to the needs of IoT devices. IoT devices have different connectivity requirements compared to traditional mobile devices. For example, they often require low bandwidth and low power consumption. This has created a need for specialized connectivity solutions tailored to IoT devices' needs. MVNOs are well-positioned to provide these specialized solutions, as they can offer customized connectivity plans that meet the specific needs of IoT devices. IoT devices often require dedicated networks that are optimized for their unique requirements.
  • Restraint: Rapid increase in deployment costs
  • Deploying an IoT MVNO network can be costly due to the need for specialized connectivity solutions and dedicated networks. This can limit the adoption of IoT MVNO services, especially among smaller organizations that may not have the resources to invest in expensive connectivity solutions. High deployment costs can significantly affect the growth and adoption of IoT MVNO services. To overcome this challenge, MVNOs can explore partnerships and collaborations with other players in the IoT ecosystem, develop more cost-effective connectivity solutions, and invest in technologies that can reduce deployment costs, such as network virtualization and software-defined networking.
  • Opportunity: Increase in adoption of network virtualization
  • Network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), can help MVNOs to reduce deployment costs and improve network agility. These technologies can also enable MVNOs to offer innovative connectivity solutions like network slicing and edge computing. Network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), enable MVNOs to deploy and manage their networks more cost-effectively. By virtualizing network functions, MVNOs can reduce the need for expensive hardware and can use more flexible and scalable software-based solutions. Network virtualization can help MVNOs provide a better customer experience by offering more customized and tailored solutions. By virtualizing network functions, MVNOs can create specialized connectivity solutions for specific industries or use cases, which can provide a better fit for customers' needs.
  • Challenge: Lack of interoperability of solutions
  • Interoperability is a critical factor for the success of the IoT MVNO market, as it allows devices and platforms from different manufacturers to communicate and work together seamlessly. The lack of interoperability can create challenges for MVNOs and limit their ability to provide end-to-end solutions. IoT solutions require integrating multiple devices and platforms, including sensors, gateways, cloud platforms, and analytics tools. Interoperability allows MVNOs to integrate these components seamlessly, providing a more efficient and effective solution. Lack of interoperability can result in vendor lock-in, where customers are limited to using devices and platforms from a single vendor. This can limit innovation and increase costs, as customers are unable to take advantage of the latest technology from other vendors.
  • Market Ecosystem
  • Prominent companies in this market include well-established, financially stable software and solutions providers. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. KDDI (Japan), KORE Wireless (US), Sierra Wireless (Canada), Twilio (US), Asahi Net (Japan), Telit (US), BICS (Belgium), Lycamobile (UK), Wireless Logic (UK), Truphone (UK) are some of the major players operating in this ecosystem.
  • Based on the operational model, the service operator segment is expected to grow at the highest CAGR during the forecast period
  • Within the service operator model, MVNOs have more control over customer-facing elements, enabling the model to integrate better with its own services and systems. In supplementary to the reseller operational model, service operator MVNOs manage all customer care processes, including Customer Relationship Management (CRM), customer support, self-care, and billing processes from flexible account lifecycle, complex tariff bundles, packages, voice, data, and SMS services.
  • Based on subscribers, the enterprise segment to hold the largest market size during the forecast period
  • The adoption of IoT devices and applications is growing rapidly in enterprises. This is being driven by the increasing demand for connected devices in a variety of industries, including healthcare, manufacturing, and transportation. IoT devices can be used in a variety of different ways. This means enterprises need flexible connectivity solutions tailored to their IoT devices' specific needs. IoT MVNOs offer flexible connectivity solutions that can be tailored to the specific needs of enterprises.
  • Based on region, the North American segment is expected to have the largest market share during the forecast period
  • IoT MVNO services are expected to see huge growth in North America due to the convergence of the IT and telecom sectors. This convergence is expected to open huge opportunities for enterprise customers in North America for IoT MVNO services. IoT MVNOs offer attractive opportunities to the mature telecom industry as they come up with reduced OPEX, attractive prices, customized service plans, and others for new businesses and consumers. The countries included in the market analysis for North America are the US and Canada. The US is the most prominent market in the region due to the presence of prominent end users, such as large enterprises and SMEs.
  • Recent Developments
  • In May 2023, KORE Wireless announced the launch of its new vertical offering in retail solutions. The retail industry is rapidly undergoing a digital transformation, and KORE has aligned its portfolio to offer high-bandwidth solutions to meet these needs. The KORE Retail solution includes high bandwidth 5G cellular connectivity through fixed wireless access (FWA) to provide high-speed internet access traditionally available through wireline solutions.
  • In March 2023, Aeris Communications announced the closing of the purchase of Ericsson's IoT Accelerator (IoT-A) and Connected Vehicle Cloud (CVC) businesses and related assets. Ericsson will establish a small stake in the new Aeris. The Aeris serves thousands of customers across a wide range of industries – including healthcare, fleet, utilities, and automotive.
  • In January 2023, Truphone, a global mobile virtual network operator, launched a new IoT platform. The platform offers businesses a secure and reliable way to connect their IoT devices.
  • In January 2023, Semtech Corporation and Sierra Wireless, Inc. announced the completion of Semtech's acquisition of Sierra Wireless in an all-cash transaction representing a total enterprise value of approximately USD 1.2 billion. This transaction nearly doubles Semtech's annual revenue and adds approximately USD 100 million of high-margin IoT Cloud services recurring revenue.
  • In January 2023, Sierra Wireless, a subsidiary of Semtech Corporation, announced the introduction of Smart Connectivity Premium with eUICC capabilities and extended connectivity coverage in the United States.
  • KEY MARKET SEGMENTS
  • Based on the Operational Model:
  • Reseller
  • Service Operator
  • Full MVNO
  • Based on Subscribers:
  • Enterprise
  • Consumer
  • Based on Enterprise:
  • Manufacturing
  • Transportation & Logistics
  • Healthcare
  • Retail
  • Energy & Utilities
  • Agriculture
  • Others
  • By Region:
  • North America
  • United States (US)
  • Canada
  • Europe
  • United Kingdom (UK)
  • Germany
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Australia and New Zealand
  • Rest of Asia Pacific
  • Middle East & Africa
  • UAE
  • KSA
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • KEY MARKET PLAYERS
  • KDDI
  • KORE Wireless
  • Sierra Wireless
  • Twilio
  • Asahi Net
  • Telit
  • BICS
  • Lycamobile
  • Wireless Logic
  • Truphone
  • Aeris Communications
  • Cubic Telecom
  • Hologram
  • 1NCE
  • 1OT
  • SoracoM
  • Onomondo

SkyQuest's Expertise:

The loT MVNO Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Region: - North America, United States (US), Canada, Europe, United Kingdom (UK), Germany, Rest of Europe, Asia Pacific, China, Japan, Australia and New Zealand, Rest of Asia Pacific, Middle East & Africa, UAE, KSA, South Africa, Rest of the Middle East & Africa, Latin America, Brazil, Mexico, Rest of Latin America, KEY MARKET PLAYERS, KDDI, KORE Wireless, Sierra Wireless, Twilio, Asahi Net, Telit, BICS, Lycamobile, Wireless Logic, Truphone, Aeris Communications, Cubic Telecom, Hologram, 1NCE, 1OT, SoracoM
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • IoT MVNO Market is anticipated to be valued at approximately $2.9 billion in 2023 and is projected to hit a revenue of around $6.8 billion by the end of 2028, projecting a CAGR of 18.2% between 2023 to 2028. The IoT MVNO market's primary factor is the increasing adoption of IoT devices and applications. IoT devices are being used in various industries, including healthcare, manufacturing, and transportation. This leads to increased demand for connectivity solutions supporting IoT devices.
  • Driver: Growing demand for IoT connectivity
  • As more and more devices are connected to the internet, there is a growing demand for connectivity solutions that are specifically designed for IoT. IoT MVNOs can provide these solutions by offering specialized services and connectivity plans tailored to the needs of IoT devices. IoT devices have different connectivity requirements compared to traditional mobile devices. For example, they often require low bandwidth and low power consumption. This has created a need for specialized connectivity solutions tailored to IoT devices' needs. MVNOs are well-positioned to provide these specialized solutions, as they can offer customized connectivity plans that meet the specific needs of IoT devices. IoT devices often require dedicated networks that are optimized for their unique requirements.
  • Restraint: Rapid increase in deployment costs
  • Deploying an IoT MVNO network can be costly due to the need for specialized connectivity solutions and dedicated networks. This can limit the adoption of IoT MVNO services, especially among smaller organizations that may not have the resources to invest in expensive connectivity solutions. High deployment costs can significantly affect the growth and adoption of IoT MVNO services. To overcome this challenge, MVNOs can explore partnerships and collaborations with other players in the IoT ecosystem, develop more cost-effective connectivity solutions, and invest in technologies that can reduce deployment costs, such as network virtualization and software-defined networking.
  • Opportunity: Increase in adoption of network virtualization
  • Network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), can help MVNOs to reduce deployment costs and improve network agility. These technologies can also enable MVNOs to offer innovative connectivity solutions like network slicing and edge computing. Network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), enable MVNOs to deploy and manage their networks more cost-effectively. By virtualizing network functions, MVNOs can reduce the need for expensive hardware and can use more flexible and scalable software-based solutions. Network virtualization can help MVNOs provide a better customer experience by offering more customized and tailored solutions. By virtualizing network functions, MVNOs can create specialized connectivity solutions for specific industries or use cases, which can provide a better fit for customers' needs.
  • Challenge: Lack of interoperability of solutions
  • Interoperability is a critical factor for the success of the IoT MVNO market, as it allows devices and platforms from different manufacturers to communicate and work together seamlessly. The lack of interoperability can create challenges for MVNOs and limit their ability to provide end-to-end solutions. IoT solutions require integrating multiple devices and platforms, including sensors, gateways, cloud platforms, and analytics tools. Interoperability allows MVNOs to integrate these components seamlessly, providing a more efficient and effective solution. Lack of interoperability can result in vendor lock-in, where customers are limited to using devices and platforms from a single vendor. This can limit innovation and increase costs, as customers are unable to take advantage of the latest technology from other vendors.
  • Market Ecosystem
  • Prominent companies in this market include well-established, financially stable software and solutions providers. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. KDDI (Japan), KORE Wireless (US), Sierra Wireless (Canada), Twilio (US), Asahi Net (Japan), Telit (US), BICS (Belgium), Lycamobile (UK), Wireless Logic (UK), Truphone (UK) are some of the major players operating in this ecosystem.
  • Based on the operational model, the service operator segment is expected to grow at the highest CAGR during the forecast period
  • Within the service operator model, MVNOs have more control over customer-facing elements, enabling the model to integrate better with its own services and systems. In supplementary to the reseller operational model, service operator MVNOs manage all customer care processes, including Customer Relationship Management (CRM), customer support, self-care, and billing processes from flexible account lifecycle, complex tariff bundles, packages, voice, data, and SMS services.
  • Based on subscribers, the enterprise segment to hold the largest market size during the forecast period
  • The adoption of IoT devices and applications is growing rapidly in enterprises. This is being driven by the increasing demand for connected devices in a variety of industries, including healthcare, manufacturing, and transportation. IoT devices can be used in a variety of different ways. This means enterprises need flexible connectivity solutions tailored to their IoT devices' specific needs. IoT MVNOs offer flexible connectivity solutions that can be tailored to the specific needs of enterprises.
  • Based on region, the North American segment is expected to have the largest market share during the forecast period
  • IoT MVNO services are expected to see huge growth in North America due to the convergence of the IT and telecom sectors. This convergence is expected to open huge opportunities for enterprise customers in North America for IoT MVNO services. IoT MVNOs offer attractive opportunities to the mature telecom industry as they come up with reduced OPEX, attractive prices, customized service plans, and others for new businesses and consumers. The countries included in the market analysis for North America are the US and Canada. The US is the most prominent market in the region due to the presence of prominent end users, such as large enterprises and SMEs.
  • Recent Developments
  • In May 2023, KORE Wireless announced the launch of its new vertical offering in retail solutions. The retail industry is rapidly undergoing a digital transformation, and KORE has aligned its portfolio to offer high-bandwidth solutions to meet these needs. The KORE Retail solution includes high bandwidth 5G cellular connectivity through fixed wireless access (FWA) to provide high-speed internet access traditionally available through wireline solutions.
  • In March 2023, Aeris Communications announced the closing of the purchase of Ericsson's IoT Accelerator (IoT-A) and Connected Vehicle Cloud (CVC) businesses and related assets. Ericsson will establish a small stake in the new Aeris. The Aeris serves thousands of customers across a wide range of industries – including healthcare, fleet, utilities, and automotive.
  • In January 2023, Truphone, a global mobile virtual network operator, launched a new IoT platform. The platform offers businesses a secure and reliable way to connect their IoT devices.
  • In January 2023, Semtech Corporation and Sierra Wireless, Inc. announced the completion of Semtech's acquisition of Sierra Wireless in an all-cash transaction representing a total enterprise value of approximately USD 1.2 billion. This transaction nearly doubles Semtech's annual revenue and adds approximately USD 100 million of high-margin IoT Cloud services recurring revenue.
  • In January 2023, Sierra Wireless, a subsidiary of Semtech Corporation, announced the introduction of Smart Connectivity Premium with eUICC capabilities and extended connectivity coverage in the United States.
  • KEY MARKET SEGMENTS
  • Based on the Operational Model:
  • Reseller
  • Service Operator
  • Full MVNO
  • Based on Subscribers:
  • Enterprise
  • Consumer
  • Based on Enterprise:
  • Manufacturing
  • Transportation & Logistics
  • Healthcare
  • Retail
  • Energy & Utilities
  • Agriculture
  • Others
  • By Region:
  • North America
  • United States (US)
  • Canada
  • Europe
  • United Kingdom (UK)
  • Germany
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Australia and New Zealand
  • Rest of Asia Pacific
  • Middle East & Africa
  • UAE
  • KSA
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • KEY MARKET PLAYERS
  • KDDI
  • KORE Wireless
  • Sierra Wireless
  • Twilio
  • Asahi Net
  • Telit
  • BICS
  • Lycamobile
  • Wireless Logic
  • Truphone
  • Aeris Communications
  • Cubic Telecom
  • Hologram
  • 1NCE
  • 1OT
  • SoracoM
  • Onomondo
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on loT MVNO Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on loT MVNO Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • IoT MVNO Market is anticipated to be valued at approximately $2.9 billion in 2023 and is projected to hit a revenue of around $6.8 billion by the end of 2028, projecting a CAGR of 18.2% between 2023 to 2028. The IoT MVNO market's primary factor is the increasing adoption of IoT devices and applications. IoT devices are being used in various industries, including healthcare, manufacturing, and transportation. This leads to increased demand for connectivity solutions supporting IoT devices.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Driver: Growing demand for IoT connectivity
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • As more and more devices are connected to the internet, there is a growing demand for connectivity solutions that are specifically designed for IoT. IoT MVNOs can provide these solutions by offering specialized services and connectivity plans tailored to the needs of IoT devices. IoT devices have different connectivity requirements compared to traditional mobile devices. For example, they often require low bandwidth and low power consumption. This has created a need for specialized connectivity solutions tailored to IoT devices' needs. MVNOs are well-positioned to provide these specialized solutions, as they can offer customized connectivity plans that meet the specific needs of IoT devices. IoT devices often require dedicated networks that are optimized for their unique requirements.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraint: Rapid increase in deployment costs
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Deploying an IoT MVNO network can be costly due to the need for specialized connectivity solutions and dedicated networks. This can limit the adoption of IoT MVNO services, especially among smaller organizations that may not have the resources to invest in expensive connectivity solutions. High deployment costs can significantly affect the growth and adoption of IoT MVNO services. To overcome this challenge, MVNOs can explore partnerships and collaborations with other players in the IoT ecosystem, develop more cost-effective connectivity solutions, and invest in technologies that can reduce deployment costs, such as network virtualization and software-defined networking.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Opportunity: Increase in adoption of network virtualization
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), can help MVNOs to reduce deployment costs and improve network agility. These technologies can also enable MVNOs to offer innovative connectivity solutions like network slicing and edge computing. Network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), enable MVNOs to deploy and manage their networks more cost-effectively. By virtualizing network functions, MVNOs can reduce the need for expensive hardware and can use more flexible and scalable software-based solutions. Network virtualization can help MVNOs provide a better customer experience by offering more customized and tailored solutions. By virtualizing network functions, MVNOs can create specialized connectivity solutions for specific industries or use cases, which can provide a better fit for customers' needs.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Challenge: Lack of interoperability of solutions
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Interoperability is a critical factor for the success of the IoT MVNO market, as it allows devices and platforms from different manufacturers to communicate and work together seamlessly. The lack of interoperability can create challenges for MVNOs and limit their ability to provide end-to-end solutions. IoT solutions require integrating multiple devices and platforms, including sensors, gateways, cloud platforms, and analytics tools. Interoperability allows MVNOs to integrate these components seamlessly, providing a more efficient and effective solution. Lack of interoperability can result in vendor lock-in, where customers are limited to using devices and platforms from a single vendor. This can limit innovation and increase costs, as customers are unable to take advantage of the latest technology from other vendors.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Market Ecosystem
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Prominent companies in this market include well-established, financially stable software and solutions providers. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. KDDI (Japan), KORE Wireless (US), Sierra Wireless (Canada), Twilio (US), Asahi Net (Japan), Telit (US), BICS (Belgium), Lycamobile (UK), Wireless Logic (UK), Truphone (UK) are some of the major players operating in this ecosystem.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on the operational model, the service operator segment is expected to grow at the highest CAGR during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Within the service operator model, MVNOs have more control over customer-facing elements, enabling the model to integrate better with its own services and systems. In supplementary to the reseller operational model, service operator MVNOs manage all customer care processes, including Customer Relationship Management (CRM), customer support, self-care, and billing processes from flexible account lifecycle, complex tariff bundles, packages, voice, data, and SMS services.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on subscribers, the enterprise segment to hold the largest market size during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The adoption of IoT devices and applications is growing rapidly in enterprises. This is being driven by the increasing demand for connected devices in a variety of industries, including healthcare, manufacturing, and transportation. IoT devices can be used in a variety of different ways. This means enterprises need flexible connectivity solutions tailored to their IoT devices' specific needs. IoT MVNOs offer flexible connectivity solutions that can be tailored to the specific needs of enterprises.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on region, the North American segment is expected to have the largest market share during the forecast period
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • IoT MVNO services are expected to see huge growth in North America due to the convergence of the IT and telecom sectors. This convergence is expected to open huge opportunities for enterprise customers in North America for IoT MVNO services. IoT MVNOs offer attractive opportunities to the mature telecom industry as they come up with reduced OPEX, attractive prices, customized service plans, and others for new businesses and consumers. The countries included in the market analysis for North America are the US and Canada. The US is the most prominent market in the region due to the presence of prominent end users, such as large enterprises and SMEs.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In May 2023, KORE Wireless announced the launch of its new vertical offering in retail solutions. The retail industry is rapidly undergoing a digital transformation, and KORE has aligned its portfolio to offer high-bandwidth solutions to meet these needs. The KORE Retail solution includes high bandwidth 5G cellular connectivity through fixed wireless access (FWA) to provide high-speed internet access traditionally available through wireline solutions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In March 2023, Aeris Communications announced the closing of the purchase of Ericsson's IoT Accelerator (IoT-A) and Connected Vehicle Cloud (CVC) businesses and related assets. Ericsson will establish a small stake in the new Aeris. The Aeris serves thousands of customers across a wide range of industries – including healthcare, fleet, utilities, and automotive.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In January 2023, Truphone, a global mobile virtual network operator, launched a new IoT platform. The platform offers businesses a secure and reliable way to connect their IoT devices.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In January 2023, Semtech Corporation and Sierra Wireless, Inc. announced the completion of Semtech's acquisition of Sierra Wireless in an all-cash transaction representing a total enterprise value of approximately USD 1.2 billion. This transaction nearly doubles Semtech's annual revenue and adds approximately USD 100 million of high-margin IoT Cloud services recurring revenue.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In January 2023, Sierra Wireless, a subsidiary of Semtech Corporation, announced the introduction of Smart Connectivity Premium with eUICC capabilities and extended connectivity coverage in the United States.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on the Operational Model:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Reseller
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Service Operator
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Full MVNO
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on Subscribers:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Enterprise
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Consumer
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Based on Enterprise:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturing
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Transportation & Logistics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Healthcare
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Retail
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Energy & Utilities
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Agriculture
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region:
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • United States (US)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Canada
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • United Kingdom (UK)
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Germany
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • China
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Australia and New Zealand
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UAE
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KSA
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of the Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Brazil
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mexico
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rest of Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KDDI
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KORE Wireless
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Sierra Wireless
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Twilio
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asahi Net
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Telit
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • BICS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Lycamobile
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Wireless Logic
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Truphone
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Aeris Communications
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cubic Telecom
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Hologram
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 1NCE
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 1OT
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SoracoM
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Onomondo
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the loT MVNO Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the loT MVNO Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the loT MVNO Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the loT MVNO Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for loT MVNO was estimated to be valued at US$ XX Mn in 2021.

The global loT MVNO Market is estimated to grow at a CAGR of XX% by 2028.

The global loT MVNO Market is segmented on the basis of Region:.

Based on region, the global loT MVNO Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global loT MVNO Market are IoT MVNO Market is anticipated to be valued at approximately $2.9 billion in 2023 and is projected to hit a revenue of around $6.8 billion by the end of 2028, projecting a CAGR of 18.2% between 2023 to 2028. The IoT MVNO market's primary factor is the increasing adoption of IoT devices and applications. IoT devices are being used in various industries, including healthcare, manufacturing, and transportation. This leads to increased demand for connectivity solutions supporting IoT devices. , Driver: Growing demand for IoT connectivity , As more and more devices are connected to the internet, there is a growing demand for connectivity solutions that are specifically designed for IoT. IoT MVNOs can provide these solutions by offering specialized services and connectivity plans tailored to the needs of IoT devices. IoT devices have different connectivity requirements compared to traditional mobile devices. For example, they often require low bandwidth and low power consumption. This has created a need for specialized connectivity solutions tailored to IoT devices' needs. MVNOs are well-positioned to provide these specialized solutions, as they can offer customized connectivity plans that meet the specific needs of IoT devices. IoT devices often require dedicated networks that are optimized for their unique requirements. , Restraint: Rapid increase in deployment costs , Deploying an IoT MVNO network can be costly due to the need for specialized connectivity solutions and dedicated networks. This can limit the adoption of IoT MVNO services, especially among smaller organizations that may not have the resources to invest in expensive connectivity solutions. High deployment costs can significantly affect the growth and adoption of IoT MVNO services. To overcome this challenge, MVNOs can explore partnerships and collaborations with other players in the IoT ecosystem, develop more cost-effective connectivity solutions, and invest in technologies that can reduce deployment costs, such as network virtualization and software-defined networking. , Opportunity: Increase in adoption of network virtualization , Network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), can help MVNOs to reduce deployment costs and improve network agility. These technologies can also enable MVNOs to offer innovative connectivity solutions like network slicing and edge computing. Network virtualization technologies, such as software-defined networking (SDN) and network function virtualization (NFV), enable MVNOs to deploy and manage their networks more cost-effectively. By virtualizing network functions, MVNOs can reduce the need for expensive hardware and can use more flexible and scalable software-based solutions. Network virtualization can help MVNOs provide a better customer experience by offering more customized and tailored solutions. By virtualizing network functions, MVNOs can create specialized connectivity solutions for specific industries or use cases, which can provide a better fit for customers' needs. , Challenge: Lack of interoperability of solutions , Interoperability is a critical factor for the success of the IoT MVNO market, as it allows devices and platforms from different manufacturers to communicate and work together seamlessly. The lack of interoperability can create challenges for MVNOs and limit their ability to provide end-to-end solutions. IoT solutions require integrating multiple devices and platforms, including sensors, gateways, cloud platforms, and analytics tools. Interoperability allows MVNOs to integrate these components seamlessly, providing a more efficient and effective solution. Lack of interoperability can result in vendor lock-in, where customers are limited to using devices and platforms from a single vendor. This can limit innovation and increase costs, as customers are unable to take advantage of the latest technology from other vendors. , Market Ecosystem , Prominent companies in this market include well-established, financially stable software and solutions providers. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. KDDI (Japan), KORE Wireless (US), Sierra Wireless (Canada), Twilio (US), Asahi Net (Japan), Telit (US), BICS (Belgium), Lycamobile (UK), Wireless Logic (UK), Truphone (UK) are some of the major players operating in this ecosystem. , Based on the operational model, the service operator segment is expected to grow at the highest CAGR during the forecast period , Within the service operator model, MVNOs have more control over customer-facing elements, enabling the model to integrate better with its own services and systems. In supplementary to the reseller operational model, service operator MVNOs manage all customer care processes, including Customer Relationship Management (CRM), customer support, self-care, and billing processes from flexible account lifecycle, complex tariff bundles, packages, voice, data, and SMS services. , Based on subscribers, the enterprise segment to hold the largest market size during the forecast period , The adoption of IoT devices and applications is growing rapidly in enterprises. This is being driven by the increasing demand for connected devices in a variety of industries, including healthcare, manufacturing, and transportation. IoT devices can be used in a variety of different ways. This means enterprises need flexible connectivity solutions tailored to their IoT devices' specific needs. IoT MVNOs offer flexible connectivity solutions that can be tailored to the specific needs of enterprises. , Based on region, the North American segment is expected to have the largest market share during the forecast period , IoT MVNO services are expected to see huge growth in North America due to the convergence of the IT and telecom sectors. This convergence is expected to open huge opportunities for enterprise customers in North America for IoT MVNO services. IoT MVNOs offer attractive opportunities to the mature telecom industry as they come up with reduced OPEX, attractive prices, customized service plans, and others for new businesses and consumers. The countries included in the market analysis for North America are the US and Canada. The US is the most prominent market in the region due to the presence of prominent end users, such as large enterprises and SMEs. , Recent Developments , In May 2023, KORE Wireless announced the launch of its new vertical offering in retail solutions. The retail industry is rapidly undergoing a digital transformation, and KORE has aligned its portfolio to offer high-bandwidth solutions to meet these needs. The KORE Retail solution includes high bandwidth 5G cellular connectivity through fixed wireless access (FWA) to provide high-speed internet access traditionally available through wireline solutions. , In March 2023, Aeris Communications announced the closing of the purchase of Ericsson's IoT Accelerator (IoT-A) and Connected Vehicle Cloud (CVC) businesses and related assets. Ericsson will establish a small stake in the new Aeris. The Aeris serves thousands of customers across a wide range of industries – including healthcare, fleet, utilities, and automotive. , In January 2023, Truphone, a global mobile virtual network operator, launched a new IoT platform. The platform offers businesses a secure and reliable way to connect their IoT devices. , In January 2023, Semtech Corporation and Sierra Wireless, Inc. announced the completion of Semtech's acquisition of Sierra Wireless in an all-cash transaction representing a total enterprise value of approximately USD 1.2 billion. This transaction nearly doubles Semtech's annual revenue and adds approximately USD 100 million of high-margin IoT Cloud services recurring revenue. , In January 2023, Sierra Wireless, a subsidiary of Semtech Corporation, announced the introduction of Smart Connectivity Premium with eUICC capabilities and extended connectivity coverage in the United States. , KEY MARKET SEGMENTS, Based on the Operational Model: , Reseller , Service Operator , Full MVNO , Based on Subscribers: , Enterprise , Consumer , Based on Enterprise: , Manufacturing , Transportation & Logistics , Healthcare , Retail , Energy & Utilities , Agriculture , Others , By Region: , North America , United States (US) , Canada , Europe , United Kingdom (UK) , Germany , Rest of Europe , Asia Pacific , China , Japan , Australia and New Zealand , Rest of Asia Pacific , Middle East & Africa , UAE , KSA , South Africa , Rest of the Middle East & Africa , Latin America , Brazil , Mexico , Rest of Latin America , KEY MARKET PLAYERS , KDDI , KORE Wireless , Sierra Wireless , Twilio , Asahi Net , Telit , BICS , Lycamobile , Wireless Logic , Truphone , Aeris Communications , Cubic Telecom , Hologram , 1NCE , 1OT , SoracoM , Onomondo .

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