Transparency Market Research

IoT MVNO Market - Rising Focus and Investments Being Observed in the Area of Smart Cities Spikes Uptake

IoT MVNO (Services) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

 

Albany, NY -- (SBWIRE) -- 07/23/2018 -- As the world become increasingly connected through digital mediums and as new digital applications open up in the enterprise sector, mobile virtual network operators (MVNOs) —the wireless mobile telecom service providers that work on the principle of buying connectivity and network capacity from major mobile carriers in bulk and then reselling them to a niche user base—are transforming in the face of the evolving needs of consumers and enterprises. The MVNO sector has mostly focused on growth opportunities in the field of business-to-consumer services in the past, but new opportunities continuously rise in an up and coming area: machine-to-machine (M2M) data communication.

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IoT companies prefer the use of mobile telecom services over wired line services owing to flexibility, installation, and scalability benefits. However, as conventional mobile telecommunications services are costly as these services need to be bought based on an item-to-item format, MVNOs are coming ahead with service plans that provide bulk access to a variety of mobile telecom services at wholesale costs.

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Owing to the increased adoption of IoT technologies across a number of industries across the globe, the increased adoption of connected devices, and the rising focus and investments being observed in the area of smart cities, the IoT sector is expected to provide promising growth opportunities to MVNO service providers in the near future.

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As IoT technologies and machine-to-machine solutions steadily add to the number of new services, values, and business opportunities that they create across a number of industries, technologies and services that enable the effective operation of these solutions are also witnessing a massive rise in demand.