The global prepaid wireless service market is segmented based on connectivity and type. In terms of connectivity, the market is segmented into 2G, 3G, and 4G connectivity.
Albany, NY -- (SBWIRE) -- 10/22/2018 -- Increasing smartphone usage, affordable plans, and flexibility to change telecom operators are some of the major factors behind the growth of the prepaid wireless service market. Revenues from the prepaid wireless service market are estimated to grow at a modest CAGR of more than 4% through 2026. These insights have been taken from the report titled "Prepaid Wireless Service Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026" added recently to the vast repository of Market Research Reports Search Engine (MRRSE).
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Voice prepaid wireless services are holding the largest share of the market at present. However, during this forecast period, data services particularly with 4G connectivity are expected to show a higher rate of growth, which can be attributed to the unprecedented rise of smartphone usage in recent years. 3G services are expected to decline gradually with the advent of 5G.
The Asia Pacific region is expected to continue to lead the market of prepaid wireless services owing to a booming population and greater preference for prepaid wireless services over postpaid services among consumers. The popularity of mobile virtual network operators in Europe is also providing a boost to the market owing to affordable and attractive data plans, especially in developing countries. Major market players are emphasizing on strategic product innovation, partnerships, and acquisitions to gain better competitive advantages in the market.
Prepaid Wireless Service: Report Overview
This comprehensive report provides analysis & forecast at regional and global levels about prepaid wireless services, in terms of revenue value (US$ Bn), for the period of forecast 2018 to 2026. A complete assessment of vital market dynamics, along with essential drivers, constraints, opportunities and trends that are influencing the demand for prepaid wireless service have been scrutinized in the report.
An extensive value chain analysis on the prepaid wireless service market has been given in the report, and the use of Porter's Five Forces model helps in getting a better understanding of the competitive situation among key market players through SWOT analysis and other relevant tools. A complete market attractiveness analysis has also been added to benchmark the market participants based on aspects such as market size, general attractiveness, and growth rates.
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Prepaid Wireless Service: Research Methodology
Primary and secondary research has been used extensively to find trustworthy and useful information on prepaid wireless services. This includes detailed face-to-face and telephonic interviews with numerous prominent industry experts and opinion leaders to gain better insight into factors such as market size, market trends, growth rates and a competitive scenario. Primary research forms the bulk of the efforts in research, which has been validated with comprehensive secondary research.
Leaders and new market players for the prepaid wireless service have been scrutinized, and data sources such as press releases, SEC filings and annual reports along with other relevant documents such as market reports and government publications have been studied to understand the market's landscape. The research approach and methodologies employed here are regarded to be highly accurate and effective to gain actionable insight from the market data, market participant activity and latent business opportunities.
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