North America IoT MVNO Market Size, Share & Industry Trends Analysis Report By Operational Model (Service Operator, Full MVNO, and Reseller), By Subscribers, By Country and Growth Forecast, 2023 - 2030
The North America IoT MVNO Market would witness market growth of 18.7% CAGR during the forecast period (2023-2030).
Mobile virtual network operators (MVNOs) are changing to meet the changing needs of consumers and businesses becomes more linked through digital means and as new digital applications emerge in the enterprise sector. In the past, the MVNO industry has mostly concentrated on expansion potential in business-to-consumer services. Still, new opportunities are constantly emerging in an emerging sector: machine-to-machine (M2M) data communication. A new and exciting growth opportunity is emerging from MVNOs, particularly in machine-to-machine systems, or IoT, as volumes of digital data are created across countless digital points throughout industries, organizations, residences, and commercial space.
The market offers many possibilities for innovative services and efficiencies, giving MVNOs more focused growth options. Leading mobile carriers can expand into new markets without constructing new physical networks due to the market's changing dynamics. IoT businesses are embracing MVNO services to conduct business more successfully. Technologies and services that enable the efficient operation of machine-to-machine solutions are also experiencing a massive increase in demand as IoT technologies steadily increase the number of new values, services, and business prospects they create across various industries.
North American manufacturers from all industrial sectors are establishing the foundation for future development by gradually increasing their level of automation. In order to compete with important international industrial hubs, North America also pushed to develop and employ robotic and automation technology. Due to big data analytics, businesses use smart manufacturing to transition from reactive to predictive operations in this region. Overall, the market is anticipated to expand in North America over the next few years due to several factors, including the growing usage of IoT devices and the increased demand for data-driven insights.
The US market dominated the North America IoT MVNO Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,727 million by 2030. The Canada market is anticipated to grow at a CAGR of 21.4% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 20.4% during (2023 - 2030).
Based on Operational Model, the market is segmented into Service Operator, Full MVNO, and Reseller. Based on Subscribers, the market is segmented into Enterprise (Transportation & Logistics, Retail, Healthcare, Manufacturing, Energy & Utilities, Agriculture and Others), and Consumer. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include KORE Wireless Group, KDDI Corporation, Semtech Corporation, Giesecke & Devrient GmbH, Aeris Communications, Inc., Proximus Group (BICS), TELUS International (TELUS Communications Inc.), U-blox Holding AG, Orbcomm, Inc. (GI Partners L.P.) and Telit corporate group (DBAY Advisors Limited).
Scope of the Study
Market Segments covered in the Report:
By Operational Model
- Service Operator
- Full MVNO
- Reseller
- Enterprise
- Transportation & Logistics
- Retail
- Healthcare
- Manufacturing
- Energy & Utilities
- Agriculture
- Others
- Consumer
- US
- Canada
- Mexico
- Rest of North America
- KORE Wireless Group
- KDDI Corporation
- Semtech Corporation
- Giesecke & Devrient GmbH
- Aeris Communications, Inc.
- Proximus Group (BICS)
- TELUS International (TELUS Communications Inc.)
- U-blox Holding AG
- Orbcomm, Inc. (GI Partners L.P.)
- Telit corporate group (DBAY Advisors Limited)
- Exhaustive coverage
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America IoT MVNO Market, by Operational Model
- 1.4.2 North America IoT MVNO Market, by Subscribers
- 1.4.3 North America IoT MVNO Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2019, Sep – 2023, Mar) Leading Players
- Chapter 4. North America IoT MVNO Market by Operational Model
- 4.1 North America Service Operator Market by Country
- 4.2 North America Full MVNO Market by Country
- 4.3 North America Reseller Market by Country
- Chapter 5. North America IoT MVNO Market by Subscribers
- 5.1 North America Enterprise Market by Country
- 5.2 North America IoT MVNO Market by Enterprise Type
- 5.2.1 North America Transportation & Logistics Market by Country
- 5.2.2 North America Retail Market by Country
- 5.2.3 North America Healthcare Market by Country
- 5.2.4 North America Manufacturing Market by Country
- 5.2.5 North America Energy & Utilities Market by Country
- 5.2.6 North America Agriculture Market by Country
- 5.2.7 North America Others Market by Country
- 5.3 North America Consumer Market by Country
- Chapter 6. North America IoT MVNO Market by Country
- 6.1 US IoT MVNO Market
- 6.1.1 US IoT MVNO Market by Operational Model
- 6.1.2 US IoT MVNO Market by Subscribers
- 6.1.2.1 US IoT MVNO Market by Enterprise Type
- 6.2 Canada IoT MVNO Market
- 6.2.1 Canada IoT MVNO Market by Operational Model
- 6.2.2 Canada IoT MVNO Market by Subscribers
- 6.2.2.1 Canada IoT MVNO Market by Enterprise Type
- 6.3 Mexico IoT MVNO Market
- 6.3.1 Mexico IoT MVNO Market by Operational Model
- 6.3.2 Mexico IoT MVNO Market by Subscribers
- 6.3.2.1 Mexico IoT MVNO Market by Enterprise Type
- 6.4 Rest of North America IoT MVNO Market
- 6.4.1 Rest of North America IoT MVNO Market by Operational Model
- 6.4.2 Rest of North America IoT MVNO Market by Subscribers
- 6.4.2.1 Rest of North America IoT MVNO Market by Enterprise Type
- Chapter 7. Company Profiles
- 7.1 KORE Wireless Group
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional Analysis
- 7.1.4 Recent strategies and developments:
- 7.1.4.1 Partnerships, Collaborations, and Agreements:
- 7.1.4.2 Acquisition and Mergers:
- 7.1.4.3 Product Launches and Product Expansions:
- 7.2 KDDI Corporation
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental Analysis
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Partnerships, Collaborations, and Agreements:
- 7.3 Semtech Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Regional & Segmental Analysis
- 7.3.4 Product Development and Engineering expenses
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Partnerships, Collaborations, and Agreements:
- 7.3.5.2 Acquisition and Mergers:
- 7.4 Giesecke & Devrient GmbH
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Partnerships, Collaborations, and Agreements:
- 7.4.5.2 Acquisition and Mergers:
- 7.5 Aeris Communications, Inc.
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Product Launches and Product Expansions:
- 7.6 Proximus Group (BICS)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental Analysis
- 7.6.4 Recent strategies and developments:
- 7.6.4.1 Partnerships, Collaborations, and Agreements:
- 7.7 TELUS International (TELUS Communications Inc.)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Recent strategies and developments:
- 7.7.3.1 Partnerships, Collaborations, and Agreements:
- 7.7.3.2 Acquisition and Mergers:
- 7.8 U-blox Holding AG
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segment and Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 Recent strategies and developments:
- 7.8.5.1 Acquisition and Mergers:
- 7.9 Orbcomm, Inc. (GI Partners L.P.)
- 7.9.1 Company Overview
- 7.10. Telit corporate group (DBAY Advisors Limited)
- 7.10.1 Company Overview
- 7.10.2 Recent strategies and developments:
- 7.10.2.1 Partnerships, Collaborations, and Agreements:
- 7.10.2.2 Acquisition and Mergers:
- 7.10.2.3 Product Launches and Product Expansions:
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