MVNO Market Size | Insights, Trends & Growth Analysis 2025

Code: MTA10018 Publication Date: Oct 2025

What is the size of the MVNO Market?

According to 6Wresearch internal database and industry insights, the Global MVNO Market was valued at USD 70.2 Billion in 2024 and is expected to reach USD 120.8 Billion by 2031, growing at a compound annual growth rate of 18.80% during the forecast period (2025-2031).

There are numbers of factors which are contributing in the expansion of the market include the increasing demand for cost-effective mobile services, and the proliferation of mobile data usage, and advancements in network infrastructure.

Key Growth Drivers of the MVNO Market

  • The increasing number of mobile subscribers and growing smartphone 
  • The advancements in 5G technology and mobile network infrastructure
  • Growth in data consumption and digital services driving MVNO expansion
  • Supportive regulatory frameworks in several regions enabling MVNO operations
  • Demand for tailored services targeting specific consumer segments like businesses, youths, and seniors

MVNO Market Trends

The MVNO Market is growing with the increasing shift towards data-centric mobile services and affordable mobile plans. Customers are picking plans that are flexible and fit their needs, like plans that let them use unlimited data and roam internationally. The rise of 5G technology is also a big part of the market change as it makes the internet faster and easier to connect to. MVNOs are also targeting specific groups, like business customers, by providing cheap communication services and specialized mobile services. There is a trend in the market toward convergence, where mobile services are bundled with internet, entertainment, and cloud-based solutions.

Emerging Developments in the MVNO Market

Emerging developments in the MVNO Market include the adoption of eSIM technology, enabling greater flexibility and improved customer experience by allowing users to switch networks seamlessly. Data-only MVNOs that focus on providing cheap internet services are also becoming more popular in the market. This is due to people are using more mobile data. MVNOs are also working more and more with mobile network operators to take advantage of 5G technology and provide advanced services like ultra-fast internet speeds and low latency for apps like IoT and AR/VR. MVNOs are also increasingly focusing on certain verticals, such as healthcare, and providing customized communication solutions to healthcare providers and patients.

List of Leading Companies in the MVNO Market

Some of the leading companies include:

  • T-Mobile US
  • Vodafone
  • Tracfone Wireless
  • Virgin Mobile
  • Lycamobile
  • TalkTalk Telecom Group
  • Red Pocket Mobile

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