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The global Mobile Network Operators (MNOs) market is expected to grow

September 12, 2023 By Analysis.org

The global Mobile Network Operators (MNOs) market is expected to grow from USD 130 billion in 2022 to USD 180 billion by 2030. The growth of the market is being driven by the increasing demand for mobile data and voice services, the growing adoption of 5G networks, and the increasing penetration of smartphones.

Here are some of the key trends that are driving the growth of the MNOs market:

Increasing demand for mobile data and voice services: The increasing use of smartphones and other mobile devices is driving the demand for mobile data and voice services. Mobile data traffic is expected to grow at a compound annual growth rate (CAGR) of 28% from 2024 to 2030.

Growing adoption of 5G networks: 5G is the next generation of mobile network technology that offers significantly faster speeds and lower latency than 4G. The growing adoption of 5G is expected to boost the demand for mobile data and voice services.

Increasing penetration of smartphones: The penetration of smartphones is increasing rapidly in developing countries. This is driving the demand for mobile data and voice services in these countries.

Some of the challenges that the MNOs market is facing include:

High cost of network infrastructure: The cost of building and maintaining a mobile network infrastructure is high. This is a major challenge for MNOs, especially in developing countries.

Competition from MVNOs: MVNOs are a new breed of mobile operators that do not own their own network infrastructure. They lease network capacity from MNOs and offer mobile services under their own brands. MVNOs are posing a major challenge to MNOs, especially in terms of pricing.

Regulatory challenges: MNOs face a number of regulatory challenges in different countries. These challenges can vary from country to country and can impact the MNOs’ operations.

Despite the challenges, the MNOs market is expected to continue to grow in the coming years. The growth of the market will be driven by the increasing demand for mobile data and voice services, the growing adoption of 5G networks, and the increasing penetration of smartphones.

Filed Under: Briefing

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