Global MVNO market: Latin America region to see 9% CAGR between 2013-2018

Press Release   •   Aug 01, 2013 10:41 BST

The global MVNO market (Mobile Virtual Network Operators) is forecast to grow to a value of around $32 billion by the end of 2013, driven by technological developments in smartphone features and increased capabilities. Another key driver is the growth of fast mobile broadband speeds. 3G networks and the recent deployment of 4G networks are changing mobile consumer behaviours.

A number of technological factors will have a dynamic effect on the development of MVNO business models in the coming years. The increasing penetration of smartphones has accelerated implementation of mobile broadband in developed markets. This has been a significant catalyst for enhanced differentiation and innovative VAS. It has also caused voice revenues to drop significantly.

One of the fastest growing regions for MNVO is Latin America. It is expected that MVNO revenues will reach $0.51 billion by the end of 2013, growing with an AGR of 2% to reach $0.52 billion in 2014. In 2015 revenues are expected to reach $0.56 billion, growing with an AGR of 16.1% to reach $0.65 billion in 2016. By 2017 revenues of $0.71 billion are expected, growing with an AGR of 9.9% to reach $0.78 billion in 2018. The CAGR for the 2013-2018 forecast period will be 8.9%.

One of the leading companies in the global MVNO market is Boost Mobile. Boost Mobile is a pre-paid wireless brand marketed by independent operators in Australia and the United States. In Australia, Boost Tel Pty Limited provides products and services under the Boost Mobile brand as a MVNO hosted on the Telstra network. Although Boost Mobile in Australia and United States based operations share a common founder and brand name, there is no business relationship between the two companies.

For more information on the Global MVNO market, please click here: Global MVNO market issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.