Omdia: Strong Growth in MVNO Market; Regional Differences Expected
The global mobile virtual network operator market will outpace other wireless growth, increasing at a compound annual rate of 3.6% from 2023 to 2029, Omdia projected Wednesday. The MVNO growth rate should “more than double the projected CAGR of 1.6%…
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forecasted for personal mobile subscriptions globally over the same period, indicating that the MVNO market will outpace the general personal mobile market,” Omdia said. However, growth will vary by region. In the Americas, Omdia projected CAGR of 10.6%, led by the U.S., Brazil and Mexico. “Although Europe is one of the most advanced regional MVNO markets, Europe’s MVNO subscriptions will contract over the next few years, due to factors such as competition from operator sub-brands and because some MVNOs have decided to deploy their own mobile networks.”