The MVNO market had a revenue of USD 73.6 billion in 2022, which will power at a rate of 8.7%, and reach USD 155.2 million by 2031.

This is credited to the increase in the use of mobile devices and requirement for low-cost mobile services; fast growth in the necessity for triple play services in emerging countries; and a surge in the count for high-speed internet connectivity.

The prepaid category will grow faster in the industry, advancing at a rate of more than 9%. This is due to the fact that people are picking prepaid plans, as these offer them the freedom to alter their plans for meeting their needs, particularly those that make use of the pay-as-you-use model.

While, postpaid had a larger revenue share in 2022, and will also dominate the industry in the years to come. This is because customers do not necessity to pay anything upfront, and likewise get a once-a-month bill as per the use of services while choosing postpaid plans.

Furthermore, their unlimited service provision and ability of roll-over unused data also contribute to the growth of the industry.

The discount category, dominated the industry with a share, of about 30%, in 2022, and it will also upkeep its dominance in the future as stated by a market research company P&S Intelligence.

This is because of the quick digitization, increasing customer engagement, growing requirement for MVNO solutions in small and mid-sized enterprises, and decreasing costs of telecom services as a result of the snowballing competition in the sector.

While, the cellular M2M category will grow the fastest in the future. This can be credited to the increasing use of cellular connectivity across numerous devices, from vehicles to vending machines; progressions in the 3G M2M technology; and extension of mobile network coverage.

Also, numerous initiatives by MVNOs to increase their variety of services further support the growth of the market.

Recently, cloud deployment has become popular, with numerous MVNOs positioning solutions on the cloud for their maneuvers. However, only few MVNOs have positioned cloud technologies on their infra. Therefore, the cloud disposition of solutions will be a driving factor for the market in the future.

Europe dominated the MVNO market share of over 40%, in the past, and the trend will continue to grow in the future, powering at a considerable rate. This is because of the high acceptance rate of cutting-edge technologies, infra expansion, and the presence of numerous MVNOs and considerable ARPU.

Also, the growing acceptance of integrated services, such as VoIP, also supports the development of the market.

It is because of the increasing use of devices, the demand for MVNO solutions will grow considerably in the future.