The Europe IoT MVNO Market would witness market growth of 19.0% CAGR during the forecast period (2023-2030).
The IoT sector is anticipated to offer exciting possibilities for expansion to MVNO service providers in the near future due to the growing utilization of IoT technologies across a variety of industries around the region, the raised adoption of connected devices, along with the rising investments and focus being observed in the field of smart cities. Precision agriculture, industrial IoT, and energy management are typical IoT MVNO application cases. The industry must heed demand, so farmers and agricultural businesses resort to IoT for analytics and increased production capacity.
IoT sensors and equipment that collect field-based soil and weather data enable herd location tracking and enable remote herd health monitoring are managed by farms. Using IoT platforms, medical and healthcare equipment can be regionally networked. IoT mobility in the healthcare sector involves managing secure data authentication and authorization anywhere in the hospital, gathering data, including location details from various devices in real-time, and using the consolidated data for patient diagnosis, treatment, and intervention in time.
The European Commission saw the promise that 5G offered, and in 2013, it launched a public-private partnership (5G-PPP) on the topic to accelerate research and innovation in 5G technology. The European Commission (EC) has pledged more than USD 741.6 million in public financing to support this initiative through the Horizon 2020 Program. Under the European Commission's Digitizing European Industry (DEI) emphasis area, approximately €1 billion in EU financing was made accessible through the Horizon 2020 program, with a large portion going toward investments in healthcare. Nearly €60 million has been allocated for research and innovation into digital technologies in European healthcare, namely for three large-scale pilots (LSPs) called ACTIVAGE, GATEKEEPER, and SHAPES. Consequently, in the upcoming years, the market in this region will grow.
The Germany market dominated the Europe IoT MVNO Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $650.7 million by 2030. The UK market is anticipated to grow at a CAGR of 18% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 19.9% during (2023 - 2030).
Based on Operational Model, the market is segmented into Service Operator, Full MVNO, and Reseller. Based on Subscribers, the market is segmented into Enterprise (Transportation & Logistics, Retail, Healthcare, Manufacturing, Energy & Utilities, Agriculture and Others), and Consumer. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide IoT MVNO Market is Projected to reach USD 10 Billion by 2030, at a CAGR of 19.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include KORE Wireless Group, KDDI Corporation, Semtech Corporation, Giesecke & Devrient GmbH, Aeris Communications, Inc., Proximus Group (BICS), TELUS International (TELUS Communications Inc.), U-blox Holding AG, Orbcomm, Inc. (GI Partners L.P.) and Telit corporate group (DBAY Advisors Limited).
By Operational Model
By Subscribers
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