IoT MVNO Market

The global IoT MVNO market is expected to develop at a Compound Annual Growth Rate (CAGR) of 18.2% from USD 2.9 billion in 2023 to USD 6.8 billion by 2028, according to MarketsandMarkets' research. The increasing number of devices linked to the internet has led to a rise in the need for connection solutions tailored to the Internet of Things. These solutions can be supplied by IoT MVNOs through the provision of specific services and connection plans designed to meet the requirements of IoT devices.

The growth of the IoT MVNO market is driven by several key factors:

• Expansion of IoT Devices
• Advancements in 5G Technology
• Increasing Adoption of LPWAN Technologies
• Edge Computing Integration
• Enhanced Security Measures
• eSIM Technology Adoption
• Customized Industry Solutions
• Data Monetization Opportunities
• Strategic Partnerships and Collaborations

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Expansion of IoT Devices

• The exponential growth in the number of connected devices across various sectors is a significant driver. From smart homes to industrial IoT applications, the demand for reliable and scalable connectivity solutions is increasing.

Advancements in 5G Technology

• The deployment of 5G networks provides enhanced bandwidth, low latency, and better connectivity, which are essential for advanced IoT applications. This advancement enables MVNOs to offer superior IoT services and support a broader range of applications.

Increasing Adoption of LPWAN Technologies

• Technologies like Narrowband IoT (NB-IoT) and LTE-M are designed for low-power, wide-area networks, making them ideal for IoT applications that require long battery life and extensive coverage. These technologies are crucial for expanding IoT use cases.

Edge Computing Integration

• The integration of edge computing allows for real-time data processing closer to the source, reducing latency and bandwidth usage. This capability is vital for applications that require immediate data analysis and response, such as autonomous vehicles and smart cities.

Enhanced Security Measures

• As the IoT ecosystem grows, so does the importance of security. MVNOs are focusing on implementing advanced security protocols, including encryption and authentication, to protect data and ensure network integrity, making their services more attractive to businesses.

eSIM Technology Adoption

• eSIM technology simplifies the management and provisioning of IoT devices, enabling remote activation and management. This flexibility supports the global deployment of IoT solutions without the need for physical SIM card changes, making it easier for businesses to scale their operations.

Customized Industry Solutions

• The demand for industry-specific IoT solutions is rising. MVNOs are developing tailored services for sectors like healthcare, agriculture, transportation, and manufacturing, addressing the unique needs and challenges of each industry.

Data Monetization Opportunities

• The ability to monetize the vast amounts of data generated by IoT devices through analytics and insights is a significant growth factor. MVNOs can provide value-added services that help businesses optimize operations and discover new revenue streams.

Strategic Partnerships and Collaborations

• Forming partnerships with technology providers, hardware manufacturers, and other stakeholders enables MVNOs to enhance their service offerings and expand their market presence. Collaborations help leverage complementary strengths to deliver comprehensive IoT solutions.

IoT MVNO Market Share - Global Industry Landscape

The leading companies in the IoT MVNO industry and their key offerings include:

• BICS (Belgium)
• Telit (US)
• Lycamobile (UK)
• Aeris Communications (US)
• Cubic Telecom (Ireland)
• Hologram (US)

The IoT MVNO market is booming with the growth of connected devices. Leading companies are capitalizing on 5G, industry-specific solutions, and partnerships to provide advanced services and cater to diverse needs. They're also innovating in security, privacy, and subscription models to thrive in this dynamic market.

BICS (Belgium)

Market Share:

• BICS is a significant player in the global IoT connectivity market, with a strong presence in Europe and expanding influence in other regions. Its extensive network infrastructure and strategic partnerships contribute to its substantial market share.

Key Offerings:

• Global IoT Connectivity: BICS offers seamless global IoT connectivity through its extensive roaming agreements and network coverage.
• SIM for Things: BICS provides a dedicated SIM card solution designed for IoT devices, ensuring reliable and secure connectivity.
• BICS SIM Management Platform: This platform allows for efficient management and monitoring of IoT SIM cards and connectivity.
• Advanced Analytics: BICS offers analytics tools to provide insights into IoT device performance and connectivity usage.

Telit (US)

Market Share:

Telit holds a notable market share in the IoT industry, particularly in North America. It is recognized for its comprehensive IoT solutions and a strong presence in various verticals, including automotive, healthcare, and industrial IoT.

Key Offerings:

• IoT Modules: Telit provides a wide range of IoT modules supporting different communication technologies like LTE, NB-IoT, and 5G.
• IoT Platforms: Telit's IoT platform offers device management, connectivity management, and data management solutions.
• IoT Connectivity Services: Telit offers global connectivity services tailored for IoT applications, including secure and reliable data transmission.
• Device Management Solutions: Tools for remote management and maintenance of IoT devices.

Lycamobile (UK)

Market Share:

• Lycamobile is a prominent MVNO with a significant market share in the prepaid mobile services market. While it is more known for its consumer services, it is expanding into the IoT market.

Key Offerings:

• IoT SIM Cards: Lycamobile provides SIM cards designed for IoT applications, offering flexible data plans.
• Global Connectivity: Leveraging its existing network infrastructure to provide global connectivity solutions for IoT devices.
• MVNO Services: Traditional MVNO services, which can be adapted for specific IoT applications.

Aeris Communications (US)

Market Share:

• Aeris Communications has a strong foothold in the IoT connectivity market, particularly in the US, with growing international presence. It is known for its innovative and reliable IoT solutions.

Key Offerings:

• Aeris Fusion IoT Network: A comprehensive IoT network offering reliable and secure global connectivity.
• Aeris Mobility Suite: A suite of solutions for connected vehicle applications, including telematics and fleet management.
• Device and Connectivity Management: Tools for managing IoT devices and connectivity, ensuring optimal performance.
• Advanced Security Features: Enhanced security measures to protect IoT data and devices.

Cubic Telecom (Ireland)

Market Share:

• Cubic Telecom is a leading provider of global IoT connectivity solutions, with a strong market share in the automotive and transportation sectors. It has a growing presence across multiple industries worldwide.

Key Offerings:

• Global Connectivity Solutions: Comprehensive global connectivity services for IoT devices, ensuring seamless operations across borders.
• Pace Automotive Platform: A specialized platform offering connectivity and services tailored for the automotive industry.
• SIM Technology: Advanced SIM solutions that support global connectivity and remote provisioning.
• Data Management and Analytics: Tools for managing and analyzing data generated by IoT devices.

Hologram (US)

Market Share:

• Hologram is a rapidly growing player in the IoT MVNO market, with a notable market share in North America and expanding reach globally. It is known for its innovative approach to IoT connectivity.

Key Offerings:

• Global IoT SIM Cards: Hologram provides SIM cards that offer global coverage with flexible data plans.
• Hologram Dashboard: A user-friendly platform for managing IoT devices and connectivity.
• Nova IoT Development Kit: Tools and resources for developers to create and deploy IoT solutions.
• Secure and Reliable Connectivity: Ensuring secure data transmission and reliable connectivity for IoT applications.

These companies play vital roles in the IoT MVNO market, offering a diverse range of connectivity solutions and services to meet the growing demands of various industries.

Related Reports:

IoT MVNO Market by Operational Model (Reseller, Service Operator, Full MVNO), Subscribers (Consumer, Enterprise), Enterprise (Manufacturing, Transportation & Logistics, Healthcare, Retail, Agriculture) and Region - Global Forecast to 2028