The valuation of the MVNO industry 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. Cellular M2M, discount, media and entertainment, business, migrant, telecom, roaming, and retail are the major services provided by mobile virtual network operators.

Out of these, the demand for cellular M2M services is predicted to rise rapidly in the coming years. This will be because of the surging usage of cellular connectivity in various applications such as vending machines and vehicles, the rapid technological innovations being made in the 3G M2M niche, and expansion in the mobile network coverage.

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Globally, the demand for mobile virtual network operator will grow sharply in the Asia-Pacific (APAC) region in the coming years. This is ascribed to the soaring number of collaborations among various mobile phone manufacturing companies and service providers in the region. Furthermore, the presence of a large population, the surging number of mobile subscribers, the ballooning utilization of mobile data, and the increasing smartphone penetration are propelling the demand for MVNOs in the APAC region.

Hence, it can be safely said that the demand for MVNOs will shoot up all over the world in the future years, primarily because of the increasing internet and smartphone penetration and the soaring popularity of triple-play services in several countries.