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Surging Smartphone Penetration Propelling Demand for Mobile Virtual Network Operator

The rapidly rising popularity of triple-play services, especially in the developing nations, is one of the major factors fueling the demand for mobile virtual network operators (MVNOs) across the world. Triple-play services are basically bundled packs provided by several service providers that consist of broadband internet access, latency-sensitive telephone, and television services.

This technology has already been hugely successful in the North American countries such as the U.S., where telecom operators are providing triple-play services to users. These services allow telecom operators to provide better value and help them expand their customer pool. Moreover, with the increasing penetration of the internet in several countries, the popularity of triple-play services will surge sharply in the coming years.

Some of the leading software companies are developing applications for providing these services in the developing nations. Besides the growing popularity of triple-play services, the surging internet and smartphone penetration is also fueling the demand for MVNOs around the world. Additionally, the burgeoning requirement for low-cost mobile services is massively boosting the demand for MVNOs across the world.

Due to rapid advancements in the mobile phone manufacturing sector, the average cost of a mobile phone has fallen sharply over the last few years. This has massively boosted the smartphone penetration, which has, in turn, augmented the number of mobile network subscribers. MVNOs offer affordable value-added and bundled services such as enhanced video, voice, mobile TV, and mobile internet.

This is why these solutions are increasingly being adopted all over the globe, which is, in turn, driving the expansion of the global MVNO market. As a result, the valuation of the market is predicted to grow from $62.2 billion in 2019 to $127.1 billion by 2030. Furthermore, the market will advance at a CAGR of 6.5% between 2020 and 2030, as per the estimates of P&S Intelligence, a market research company based in India.
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