5G MVNO Market Outlook and Forecasts 2024 – 2030

5G MVNO Market Outlook and Forecasts 2024 – 2030

In many cases, telecom regulatory bodies support the development of 5G MVNO companies as a means of boosting competition in the mobile sectors. The existing MVNO companies are either moving to offering a new business model with new shape or value-added service in addition to existing packages.

Communication service providers either compromise profit and play the low cost MVNO price card or create niche MVNO companies to attract overlooked or poorly served customer groups or industry segments. The strategic shape of the 5G MVNO industry aims to attract overlooked and/or poorly served customer niches that will help carriers generate ARPU from existing customers with tailor-made offers.

This Mind Commerce study finds that nearly 35% of the people who plan to switch mobile phone service are considering an MVNO connection or an MNO sub-brand. The major reason behind this trend includes the demand for cheaper mobile services especially in developed markets.

The MVNO phenomenon is in a high growth trajectory in the mature mobile market especially in the North America and Western Europe regions. The demand for cheaper mobile service is gradually increasing and attracting more and more purpose centric MVNO companies such as IoT focused MVNO, data specific MVNO, fixed wireless specific MVNO, and private network specific MVNO.