MarketsandMarkets forecasts the global IoT MVNO Market size to grow from USD 2.9 billion in 2023 to USD 6.8 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 18.2% during the forecast period. As more and more devices are connected to the internet, there is a growing demand for connectivity solutions that are specifically designed for IoT. IoT MVNOs can provide these solutions by offering specialized services and connectivity plans tailored to the needs of IoT devices.
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The service operator segment is expected to grow at the highest CAGR during the forecast period
The growth of the IoT market is being driven by a number of factors, including the increasing adoption of IoT devices, the growing need for data-driven insights, the need for flexibility and scalability, and the need for security. Service operators are well-positioned to meet this demand and are expected to play a key role in the growth of the IoT MVNO market. The service operator segment in the IoT MVNO market is expected to grow at a double-digit CAGR from 2023 to 2028
The transportation and logistics segment is expected to account for the largest market size during the forecast period
The transportation and logistics industry is one of the fastest and largest-growing sectors in the global economy. The industry is responsible for the movement of goods and people around the world, playing a crucial role in the global supply chain. IoT devices are being used to track the movement of goods throughout the supply chain. This data can be used to improve efficiency, reduce costs, and improve customer service. IoT devices are being used to monitor the condition of assets, such as trucks and trailers. This data can be used to prevent breakdowns and improve maintenance.
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The major IoT MVNOs include 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 strategies to grow in the global IoT MVNO market.
KDDI is a Japanese telecommunications company and a significant player in the IoT MVNO market. The company offers a variety of IoT connectivity solutions, including SIM cards, data plans, and managed services. Many businesses use KDDI’s IoT solutions, including manufacturing, logistics, and healthcare. The company has a strong network of partners and a wide range of IoT solutions. KDDI is also a major investor in the IoT market. The company has invested in several IoT startups and is working to develop new IoT technologies. KDDI has a strong network that covers Japan and other parts of Asia. KDDI offers many IoT connectivity solutions, including SIM cards, data plans, and managed services. KDDI is a major investor in the IoT market and is working to develop new IoT technologies. These strengths position KDDI well to continue to grow its market share in the IoT MVNO market.
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Aeris Communications is a major player in the IoT MVNO market. The company has a strong track record of success and is well-positioned to continue growing its business. Key strengths of Aeris Communications in the IoT MVNO market include global reach, innovation, expertise, and customer support. The company offers various solutions for businesses of all sizes, including asset tracking, fleet management, and smart cities. Aeris is a global company with a strong network of partners. The company has relationships with major mobile operators worldwide, offering its customers reliable and secure connectivity. Several proprietary technologies developed by the company makes it possible to connect IoT devices in challenging environments.
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