Abstract
Summary
The IoT MVNO market size is projected to grow from USD 2.9 billion in 2023 to USD 6.8 billion by 2028, at a CAGR of 18.2% during the forecast period. MVNOs can develop new revenue streams by providing connectivity solutions to IoT device manufacturers and service providers that use cloud services. This can help MVNOs diversify their business and reduce reliance on traditional mobile services.
Based on the subscribers, the enterprise segment is expected to account for the largest market share during the forecast period
The increasing adoption of IoT devices, the growing need for data-driven insights, the need for flexibility and scalability, and the need for security are all driving the growth of the IoT MVNO market. Enterprises are increasingly using IoT MVNOs to track the movement of goods, monitor the condition of assets, optimize routes, and provide customer service. IoT MVNOs can help enterprises to reduce costs, improve efficiency, improve customer service, and increase security. New IoT applications are being developed constantly. These applications are driving demand for IoT connectivity and services. For example, IoT is being used in a variety of industries, including healthcare, manufacturing, and transportation
Based on the enterprise, the transportation and logistics segment is expected to grow at the highest CAGR during the forecast period
IoT MVNOs allow businesses to track the movement of goods throughout the supply chain. This data can be used to improve efficiency, reduce costs, and improve customer service. For example, IoT MVNOs can provide businesses with real-time location data on their goods so that they can always see where their goods are. This information can be used to optimize routes, prevent delays, and ensure that goods are delivered on time.
IoT MVNOs allow businesses to optimize routes to deliver goods more efficiently. This can save businesses time and money. For example, IoT MVNOs can provide businesses with data on traffic conditions to plan routes that avoid congested areas. This information can also be used to estimate the delivery time so that businesses can keep their customers informed.
Based on region, the North American segment is expected to account for the largest market share during the forecast period
The large and growing market, mature telecommunications infrastructure, government support, high level of investment, a large number of businesses, and high level of competition all contribute to the growth of the IoT MVNO market in North America. There has been a high level of investment in IoT in North America, which has helped drive the development of new IoT technologies and solutions. The US government has been a strong supporter of IoT, and this has helped to create a favorable environment for the growth of the IoT market in North America .
The break-up of the profile of primary participants in the IoT MVNO Market:
The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
• By Designation: C-level –38%, D-level – 30%, and Others – 32%
• By Region: North America – 40%, Europe – 15%, Asia Pacific – 35%, Middle East & Africa- 5%, Latin America – 5%
The major players in the IoT MVNO market are KDDI (Japan), KORE Wireless (US), Sierra Wireless (Canada), Twilio (US), Asahi Net (Japan), Telit (US), BICS (Belgium), Lycamobile (UK), Wireless Logic (UK), Truphone (UK), Aeris Communications (US), Cubic Telecom (Ireland), Hologram (US), 1NCE (Germany), 1OT (Estonia), Soracom (Japan), Onomondo (Denmark), etc. These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and enhancements, and acquisitions to expand their footprint in the IoT MVNO market.
Research Coverage
The market study covers the IoT MVNO market size across different segments. It aims at estimating the market size and the growth potential across different segments, including operational model, subscribers, enterprise verticals, and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the IoT MVNO market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Growing demand for IoT connectivity, Increasing adoption of cloud computing, Growing need of IoT security, Increased need for an efficient cellular network), restraints (Rapid increase in deployment costs, Increasing security, and privacy concerns), opportunities (Increase in adoption of network virtualization, Acceleration of IP and cloud data traffic), and challenges (Excessive cost of equipment, Lack of interoperability of solutions) influencing the growth of the IoT MVNO market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the IoT MVNO market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the IoT MVNO market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the IoT MVNO market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like KDDI (Japan), KORE Wireless (US), Sierra Wireless (Canada), Twilio (US), Asahi Net (Japan), Telit (US), BICS (Belgium), Lycamobile (UK), Wireless Logic (UK), Truphone (UK), Aeris Communications (US), Cubic Telecom (Ireland), Hologram (US), 1NCE (Germany), 1OT (Estonia), Soracom (Japan), Onomondo (Denmark), etc.
Table of Contents
1 INTRODUCTION 23
1.1 STUDY OBJECTIVES 23
1.2 MARKET DEFINITION 23
1.3 STUDY SCOPE 24
1.3.1 MARKETS COVERED 24
1.3.2 GEOGRAPHIC SCOPE 24
1.3.3 INCLUSIONS AND EXCLUSIONS 25
1.4 YEARS CONSIDERED 25
1.5 CURRENCY CONSIDERED 25
1.6 STAKEHOLDERS 26
1.7 RECESSION IMPACT 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
2.1.1 SECONDARY DATA 28
- 2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
- 2.1.2.1 Primary interviews with experts 29
- 2.1.2.2 Breakdown of primary profiles 29
- 2.1.2.3 Primary sources 30
- 2.1.2.4 Key industry insights 30
2.2 MARKET SIZE ESTIMATION 31
2.2.1 BOTTOM-UP APPROACH 32
2.2.2 TOP-DOWN APPROACH 32
2.2.3 IOT MVNO MARKET ESTIMATION: DEMAND-SIDE ANALYSIS 33
2.3 DATA TRIANGULATION 33
2.4 FACTOR ANALYSIS 35
2.5 ASSUMPTIONS 35
2.6 LIMITATIONS 36
2.7 IMPLICATION OF RECESSION ON IOT MVNO MARKET 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 39
4.1 IOT MVNO MARKET OVERVIEW 39
4.2 IOT MVNO MARKET, BY OPERATIONAL MODEL 39
4.3 IOT MVNO MARKET, BY SUBSCRIBER 40
4.4 NORTH AMERICA: IOT MVNO MARKET, BY TOP THREE OPERATIONAL MODELS AND ENTERPRISES 40
5 MARKET OVERVIEW AND INDUSTRY TRENDS 41
5.1 MARKET OVERVIEW 41
5.1.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 41
5.2.1 DRIVERS 42
- 5.2.1.1 Growing demand for IoT connectivity 42
- 5.2.1.2 Increasing adoption of cloud computing 42
- 5.2.1.3 Growing need for IoT security 42
- 5.2.1.4 Increased need for efficient cellular network 43
5.2.2 RESTRAINTS 43
- 5.2.2.1 Rapid increase in deployment costs 43
- 5.2.2.2 Increasing security and privacy concerns 43
5.2.3 OPPORTUNITIES 44
- 5.2.3.1 Increase in adoption of network virtualization 44
- 5.2.3.2 Acceleration of IP and cloud data traffic 44
5.2.4 CHALLENGES 44
- 5.2.4.1 Excessive cost of equipment 44
- 5.2.4.2 Lack of interoperability of solutions 45
5.3 INDUSTRY TRENDS 45
5.3.1 BRIEF HISTORY OF IOT MVNO 45
5.3.2 ECOSYSTEM ANALYSIS 46
5.3.3 TECHNOLOGY ROADMAP OF IOT MVNO MARKET 47
- 5.3.3.1 Short-term roadmap (2023-2025) 47
- 5.3.3.2 Mid-term roadmap (2026-2028) 47
- 5.3.3.3 Long-term roadmap (2029-2030) 47
5.3.4 CASE STUDY ANALYSIS 48
- 5.3.4.1 Case Study 1: Smart Utility 48
- 5.3.4.2 Case Study 2: Payment Services 48
- 5.3.4.3 Case Study 3: Network Connectivity 49
- 5.3.4.4 Case Study 4: Smart City 49
- 5.3.4.5 Case Study 5: Smart Transportation/ Electric Vehicle 50
5.3.5 VALUE CHAIN ANALYSIS 50
5.3.6 REGULATORY LANDSCAPE 51
- 5.3.6.1 GENERAL DATA PROTECTION REGULATION 51
- 5.3.6.2 PERSONAL INFORMATION PROTECTION AND ELECTRONIC DOCUMENTS ACT 51
- 5.3.6.3 CLOUD SECURITY ALLIANCE SECURITY TRUST ASSURANCE AND RISK 52
- 5.3.6.4 SOC2 52
- 5.3.6.5 DIGITAL MILLENNIUM COPYRIGHT ACT 52
- 5.3.6.6 ANTI-CYBERSQUATTING CONSUMER PROTECTION ACT 52
- 5.3.6.6.1 US 53
5.3.7 PATENT ANALYSIS 53
5.3.8 KEY CONFERENCES & EVENTS, 2022-2023 56
5.3.9 PRICING ANALYSIS 57
5.3.10 PORTER’S FIVE FORCES MODEL 57
- 5.3.10.1 Threat of new entrants 58
- 5.3.10.2 Threat of substitutes 58
- 5.3.10.3 Bargaining power of buyers 58
- 5.3.10.4 Bargaining power of suppliers 59
- 5.3.10.5 Intensity of competitive rivalry 59
5.3.11 KEY STAKEHOLDERS & BUYING CRITERIA 59
- 5.3.11.1 Key Stakeholders in Buying Criteria 59
- 5.3.11.2 Buying Criteria 60
5.3.12 IOT MVNO IMPACT ON ADJACENT NICHE TECHNOLOGIES 61
- 5.3.12.1 Network Function Virtualization (NFV) 61
- 5.3.12.2 Software Defined Network (SDN) 61
- 5.3.12.3 Artificial Intelligence 61
- 5.3.12.4 Edge Computing 61
- 5.3.12.5 Blockchain 62
5.3.13 BEST PRACTICES OF IOT MVNO MARKET 62
5.3.14 IOT MVNO SOFTWARE APPLICATIONS AND USE CASES 62
5.3.15 CURRENT AND EMERGING BUSINESS MODELS 63
- 5.3.15.1 CaaS Model 63
- 5.3.15.2 Managed Services Model 63
- 5.3.15.3 Revenue Sharing Model 63
- 5.3.15.4 PaaS Model 63
6 IOT MVNO MARKET, BY OPERATIONAL MODEL 64
6.1 INTRODUCTION 65
6.1.1 OPERATIONAL MODEL: IOT MVNO MARKET DRIVERS 65
6.2 RESELLER 66
6.2.1 INCREASING USE OF CLOUD-BASED MANAGEMENT SOLUTIONS FOR IOT DEVICES 66
6.3 SERVICE OPERATOR 67
6.3.1 COMPLETE CONTROL OF SERVICE OPERATORS OVER BUSINESS AND SERVICE OFFERINGS WITH THEIR OWN INFRASTRUCTURE 67
6.4 FULL MVNO 68
6.4.1 FULL CALL CONTROL AND COMPLETE SERVICE DEVELOPMENT FLEXIBILITY 68
7 IOT MVNO MARKET, BY SUBSCRIBER 70
7.1 INTRODUCTION 71
7.1.1 TYPE: IOT MVNO MARKET DRIVERS 71
7.2 CONSUMER 72
7.2.1 MARKETS TO SHIFT FOCUS FROM SUPPLY TO DEMAND-DRIVEN REALITY 72
7.3 ENTERPRISE 73
7.3.1 MORE SCALABLE AND FASTER SERVICES TO BE DEPLOYED 73
8 IOT MVNO MARKET, BY ENTERPRISE 74
8.1 INTRODUCTION 75
8.1.1 TYPE: IOT MVNO MARKET DRIVERS 75
8.2 MANUFACTURING 76
8.2.1 MANUFACTURERS TO IMPROVE THEIR OPERATIONS AND GAIN COMPETITIVE EDGE 76
8.2.2 MANUFACTURING: DRIVERS 77
- 8.2.2.1 Manufacturing: IoT MVNO Use Cases 77
8.3 TRANSPORTATION AND LOGISTICS 78
8.3.1 TRACK LOCATION OF ASSETS AND MONITOR CONDITION OF VEHICLES 78
8.3.2 TRANSPORTATION AND LOGISTICS: DRIVERS 78
- 8.3.2.1 Transportation and Logistics: IoT MVNO Use Cases 78
8.4 HEALTHCARE 79
8.4.1 IOT MVNO TO MONITOR PATIENTS WITH CHRONIC CONDITIONS, AND COLLECT DATA ON PATIENT VITAL SIGNS 79
8.4.2 HEALTHCARE: DRIVERS 79
- 8.4.2.1 Healthcare: IoT MVNO Use Cases 79
8.5 RETAIL 80
8.5.1 IMPROVING INVENTORY MANAGEMENT AND CUSTOMER SERVICE 80
8.5.2 RETAIL: DRIVERS 80
- 8.5.2.1 Retail: IoT MVNO Use Cases 81
8.6 ENERGY AND UTILITY 82
8.6.1 IMPROVING POWER GRID RELIABILITY AND ENVIRONMENTAL SUSTAINABILITY 82
8.6.2 ENERGY AND UTILITY: DRIVERS 82
- 8.6.2.1 Energy and Utility: IoT MVNO Use Cases 82
8.7 AGRICULTURE 83
8.7.1 IMPROVING CROP YIELDS AND REDUCING COSTS 83
8.7.2 AGRICULTURE: DRIVERS 83
- 8.7.2.1 Agriculture: IoT MVNO Use Cases 83
8.8 OTHERS 84
8.8.1 OTHERS: DRIVERS 84
- 8.8.1.1 Others: IoT MVNO Use Cases 85
9 IOT MVNO MARKET, BY REGION 86
9.1 INTRODUCTION 87
9.1.1 NORTH AMERICA: RECESSION IMPACT 88
9.1.2 NORTH AMERICA: IOT MVNO MARKET DRIVERS 88
9.1.3 US 91
- 9.1.3.1 Regulatory environment with government initiatives and policies to support IoT innovation and connectivity 91
9.1.4 CANADA 92
- 9.1.4.1 Proliferation of IoT devices and applications to create demand for reliable and scalable connectivity services 92
9.2 EUROPE 92
9.2.1 EUROPE: RECESSION IMPACT 92
9.2.2 EUROPE: IOT MVNO MARKET DRIVERS 93
9.2.3 UK 95
- 9.2.3.1 Principles by government to ensure that IoT MVNO achieves its potential 95
9.2.4 GERMANY 96
- 9.2.4.1 Advanced telecom infrastructure to include extensive 4G and 5G network coverage 96
9.2.5 REST OF EUROPE 96
- 9.2.5.1 European countries with established regulations and standards to support IoT deployments and ensure data privacy and security 96
9.3 ASIA PACIFIC 97
9.3.1 ASIA PACIFIC: RECESSION IMPACT 97
9.3.2 APAC: IOT MVNO MARKET DRIVERS 97
9.3.3 CHINA 101
- 9.3.3.1 "Made in China 2025" plan and "Internet Plus" strategy, to emphasize integration of IoT technologies 101
9.3.4 JAPAN 101
- 9.3.4.1 Robust IoT ecosystem to consist of device manufacturers, platform providers, system integrators, and research institutions 101
9.3.5 AUSTRALIA AND NEW ZEALAND 102
- 9.3.5.1 Implementing smart initiatives to develop smart cities, renewable energy projects, and environmental monitoring solutions 102
9.3.6 REST OF ASIA PACIFIC 102
- 9.3.6.1 Presence of strong manufacturing ecosystem, with several global manufacturing hubs 102
9.4 MIDDLE EAST & AFRICA 103
9.4.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 103
9.4.2 MIDDLE EAST AND AFRICA: IOT MVNO MARKET DRIVERS 103
9.4.3 UAE 106
- 9.4.3.1 Favorable regulatory environment, infrastructure development, and focus on data privacy and security to promote growth 106
9.4.4 KSA 106
- 9.4.4.1 Country to investing heavily in infrastructure development, including smart cities and IoT projects 106
9.4.5 SOUTH AFRICA 106
- 9.4.5.1 Government to launch initiatives to support IoT adoption and digital transformation 106
9.4.6 REST OF MIDDLE EAST AND AFRICA 107
9.5 LATIN AMERICA 107
9.5.1 LATIN AMERICA: RECESSION IMPACT 107
9.5.2 LATIN AMERICA: IOT MVNO MARKET DRIVERS 108
9.5.3 BRAZIL 110
- 9.5.3.1 Collaboration with government entities, enterprises, and solution providers to provide opportunities for IoT MVNOs 110
9.5.4 MEXICO 111
- 9.5.4.1 Government to support for IoT adoption and digital transformation with initiatives like National Digital Strategy and National IoT Plan 111
9.5.5 REST OF LATIN AMERICA 111
- 9.5.5.1 IoT adoption across various industries, such as agriculture, manufacturing, energy, and logistics 111
10 COMPETITIVE LANDSCAPE 112
10.1 INTRODUCTION 112
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 112
10.3 HISTORICAL REVENUE ANALYSIS 113
10.4 MARKET SHARE ANALYSIS OF KEY PLAYERS 114
10.5 EVALUATION QUADRANT MATRIX METHODOLOGY FOR KEY PLAYERS 114
10.6 EVALUATION QUADRANT MATRIX FOR KEY PLAYERS 115
10.6.1 STARS 115
10.6.2 EMERGING LEADERS 115
10.6.3 PERVASIVE PLAYERS 115
10.6.4 PARTICIPANTS 116
10.7 EVALUATION QUADRANT MATRIX METHODOLOGY FOR STARTUPS/SMES 117
10.8 EVALUATION QUADRANT MATRIX FOR STARTUPS/SMES 117
10.8.1 PROGRESSIVE COMPANIES 117
10.8.2 RESPONSIVE COMPANIES 117
10.8.3 DYNAMIC COMPANIES 118
10.8.4 STARTING BLOCKS 118
10.9 COMPETITIVE SCENARIO 119
10.9.1 PRODUCT LAUNCHES 119
10.9.2 DEALS 120
11 COMPANY PROFILES 123
11.1 KEY PLAYERS 123
11.1.1 KORE WIRELESS 123
11.1.2 KDDI CORPORATION 128
11.1.3 SEMTECH CORPORATION 132
11.1.4 GIESECKE+DEVRIENT (G+D) 135
11.1.5 TWILIO 138
11.1.6 BICS 141
11.1.7 TELUS CORPORATION 142
11.1.8 U-BLOX 143
11.1.9 ORBCOMM 144
11.1.10 TELIT 145
11.2 SMES/STARTUPS 146
11.2.1 AERIS COMMUNICATIONS 146
11.2.2 CUBIC TELECOM 147
11.2.3 1NCE 148
11.2.4 TRUPHONE 149
11.2.5 HOLOGRAM 150
11.2.6 1OT 151
11.2.7 SORACOM 152
11.2.8 ONOMONDO 153
11.2.9 DATAXOOM 154
11.2.10 AIRLINQ 155
11.2.11 EMNIFY 156
11.2.12 WIRELESS LOGIC 157
11.2.13 ASAHI NET 158
12 ADJACENT/RELATED MARKETS 159
12.1 INTRODUCTION 159
12.2 IOT PROFESSIONAL SERVICES MARKET 159
12.2.1 MARKET DEFINITION 159
12.2.2 MARKET OVERVIEW 159
12.2.3 IOT PROFESSIONAL SERVICES MARKET, BY SERVICE TYPE 159
12.2.4 IOT PROFESSIONAL SERVICES MARKET, BY ORGANIZATION SIZE 161
12.2.5 IOT PROFESSIONAL SERVICES MARKET, BY DEPLOYMENT TYPE 161
12.2.6 IOT PROFESSIONAL SERVICES MARKET, BY APPLICATION 162
12.2.7 IOT PROFESSIONAL SERVICES MARKET, BY REGION 163
12.3 5G IOT MARKET 164
12.3.1 MARKET DEFINITION 164
12.3.2 MARKET OVERVIEW 164
12.3.3 5G IOT MARKET, BY COMPONENT 164
12.3.4 5G IOT MARKET, BY NETWORK TYPE 165
12.3.5 5G IOT MARKET, BY ORGANIZATION SIZE 166
12.3.6 5G IOT MARKET, BY TYPE 166
12.3.7 5G IOT MARKET, BY END USER 166
12.3.8 5G IOT MARKET, BY REGION 167
13 APPENDIX 169
13.1 DISCUSSION GUIDE 169
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 172
13.3 CUSTOMIZATION OPTIONS 174
13.4 RELATED REPORTS 174
13.5 AUTHOR DETAILS 175