IoT MVNO Market by Operational Modal (Full MVNO, Reseller, Service Operator), Subscribers (Consumer, Enterprise), Enterprise Size, End-User - Global Forecast 2024-2030

IoT MVNO Market by Operational Modal (Full MVNO, Reseller, Service Operator), Subscribers (Consumer, Enterprise), Enterprise Size, End-User - Global Forecast 2024-2030

The IoT MVNO Market size was estimated at USD 3.05 billion in 2023 and expected to reach USD 3.58 billion in 2024, at a CAGR 17.94% to reach USD 9.69 billion by 2030.

The IoT MVNO market comprises specialized telecommunication service providers catering to the unique communication and connectivity needs of IoT devices and applications without owning physical network infrastructure. These operators primarily offer M2M connectivity services, network management solutions, data analytics, and value-added services across various industries. IoT MVNOs serve numerous application areas such as smart cities, connected cars, healthcare, industrial automation, energy management, consumer electronics, logistics & transportation, and agriculture. The rising adoption of digitization and digital payment services across organizations and the increasing adoption of IoT devices across various industries contribute to the growth of the IoT MVNO market. Moreover, continuous technological advancements in cloud and virtualization fuel market expansion. However, the high cost of installation and Interoperability and scalability issues with IoT MVNOs limit this market's growth. Potential opportunities within the market include leveraging emerging technologies, including 5G, NB-IoT, and LPWAN, to develop new IoT MVNOs and emerging applications across the healthcare and retail sectors. In addition, leveraging artificial intelligence (AI) and machine learning (ML) techniques for efficient network management, predictive analytics, and service provisioning is expected to help enhance customer experience.

Regional Insights

The IoT MVNO market in the Americas is driven by established players offering specialized solutions for various industries. The US dominates the market in North America owing to its technological advancements and widespread adoption of IoT devices across consumer and industrial sectors. Additionally, government regulatory support and partnerships between major carriers have fueled growth in this region. Latin America's IoT MVNO landscape is also evolving rapidly due to increasing awareness regarding the benefits of connected devices among businesses and consumers. EMEA represents a diverse region with varying maturity levels regarding IoT adoption and robust infrastructure-supportive regulations such as GDPR. Moreover, several European countries such as France, Germany have implemented national strategies to promote IoT adoption, with Industry 4.0 initiative. In contrast, the Middle East and Africa markets present enormous growth potential despite their nascent stage. Investment in digital infrastructure and government support for smart city initiatives attract global IoT MVNOs to expand their regional presence.

The APAC region is experiencing considerable growth in the IoT MVNO landscape, driven by increasing urbanization, rising disposable income levels, and rapid technological advancements. Countries including China, Japan, South Korea, and India have become hubs for IoT innovation due to substantial investments from both public and private sectors. However, the APAC market also presents challenges such as the digital divide among countries; while developed nations such as Japan or Singapore boast advanced connectivity infrastructure, emerging economies such as Indonesia or Vietnam need more resources and connectivity issues.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the IoT MVNO Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing adoption of IoT devices across various industries
Continuous technological advancements in cloud and virtualization
Rising adoption of digitalization and digital payment services across organizations

Market Restraints

High cost of installation associated with IoT MVNO

Market Opportunities

Continuous technological advancements to develop new IoT MVNOs
Emerging application across the healthcare and retail sector

Market Challenges

Interoperability and scalability issues with IoT MVNOs

Market Segmentation Analysis

Operational Modal: Proliferation of service operator model for encompassing connectivity and value-added services
Subscribers: Increasing adoption of IoT technology to optimize operations across enterprises
Enterprise Size: Growing utilization across large enterprise for global connectivity and complex networks management
End-User: Rising adoption of IoT MVNO across healthcare for improving patient outcomes and reducing overall costs

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the IoT MVNO Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the IoT MVNO Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Wireless Logic acquiring mobile virtual network operator Webbing for over $200 million

Webbing, a mobile virtual network operator (MVNO) specializing in enterprise-grade global connectivity and IoT services, has been acquired by British firm Wireless Logic for an undisclosed amount of over USD 200 million. The acquisition of Webbing by Wireless Logic enables enhanced benefits to customers worldwide.

Spitfire Takes Business Connectivity to the Next Level With Full MVNO Agreement Using EE Network in Partnership With BT Wholesale

Spitfire Network Services Ltd has announced a comprehensive MVNO agreement with BT Wholesale. This groundbreaking partnership allows Spitfire's cutting-edge, latest-generation core networks to seamlessly connect with BT Group's award-winning EE 4G and 5G Radio Access Network. Spitfire aims to provide its customers with a unified network solution, catering to all their connectivity needs, spanning both mobile and fixed lines, without needing data to traverse the public internet.

Freight tracking firm t42 picks IoT MVNO Eseye for ‘ultra-reliable’ cellular IoT

Eseye has been selected by t42, a UK freight software and analytics firm, to provide global roaming and multi-IMSI eSIM services for its container tracking solutions. This joint solution empowers shipping managers to receive vital data on location, temperature, humidity, and impact, which in turn helps streamline the supply chain and reduce operational costs.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the IoT MVNO Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the IoT MVNO Market, highlighting leading vendors and their innovative profiles. These include 1NCE GMBH, 1oT OÜ, Aeris Communications, Inc., Asahi Net, Inc., Belgacom International Carrier Services SA/NV, Cubic Telecom, DataXoom, DISH Wireless L.L.C, Hologram, Inc., KDDI Corporation, KORE Wireless Group, Inc., Lebara BV, Onomondo ApS, Sierra Wireless by Semtech Corporation, Soracom Global, Inc., Telit, Tesco Mobile Limited, TP Global Operations Limited, and Twilio Inc..

Market Segmentation & Coverage

This research report categorizes the IoT MVNO Market to forecast the revenues and analyze trends in each of the following sub-markets:

Operational Modal
Full MVNO
Reseller
Service Operator
Subscribers
Consumer
Enterprise
Enterprise Size
Large Enterprise
Small & Medium-Sized Enterprise
End-User
Agriculture
Energy & Power
Healthcare
Manufacturing
Transportation & Logistics
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year