Virtual Network Operator Market is estimated to be valued at USD 91.62 Bn in 2025 and is expected to reach USD 165.35 Bn by 2032, growing at a compound annual growth rate (CAGR) of 8.8% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 91.62 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
8.80%
2032 Value Projection:
USD 165.35 Bn
The market has seen a lot of growth in recent years, because of the increasing demand for cost-effective and flexible mobile communication services. Virtual Network Operators (VNOs) are entities that provide mobile services to customers without owning the underlying network infrastructure. Instead, they lease the necessary network capacity from traditional Mobile Network Operators (MNOs) and offer services under their brand name.
Market Dynamics:
Emerging economies are creating a lot of demand for low-cost mobile services. VNOs can offer competitive pricing by using the existing infrastructure of MNOs, making mobile services more accessible to price-sensitive customers. However, MNOs may impose certain limitations or charge higher prices for network capacity, which can reduce the profits for VNOs. Also, the market is seeing high competition, with many players vying for market share. This may result in price wars and lower margins. Nevertheless, the market also presents many opportunities for VNOs. Specialized services, such as IoT connectivity, machine-to-machine communication, and mobile virtual network enabler (MVNE) services, are seeing a lot of demand, which VNOs should explore.
Key Features of the Study:
This report provides an in-depth analysis of the global virtual network operator market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global virtual network operator market based on the following parameters: company highlights, product portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Lebara, Lycamobile, TracFone Wireless, Boost Mobile, Virgin Mobile, FreedomPop, Airvoice Wireless, Kajeet, Friendi Mobile, Google Fi, Consumer Cellular, Drillisch Telecom, KDDI Mobile, Transatel (MVNE/enabler), and Octopus Group-backed (Y Corp)
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global virtual network operator market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global virtual network operator market
Market Segmentation
Operational Model Insights (Revenue, USD Bn, 2020 - 2032)
Full MVNO
Service Operator MVNO
Reseller (Light/Reseller MVNO)
Service Technology Insights (Revenue, USD Bn, 2020 - 2032)
4G MVNO
5G MVNO
3G
Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
Lebara
Lycamobile
TracFone Wireless
Boost Mobile
Virgin Mobile
FreedomPop
Airvoice Wireless
Kajeet
Friendi Mobile
Google Fi
Consumer Cellular
Drillisch Telecom
KDDI Mobile
Transatel (MVNE/enabler)
Octopus Group-backed (Y Corp)
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Virtual Network Operator Market, By Operational Model
Global Virtual Network Operator Market, By Service Technology
Global Virtual Network Operator Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Virtual Network Operator Market, By Operational Model, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Full MVNO
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Service Operator MVNO
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Reseller (Light/Reseller MVNO)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Virtual Network Operator Market, By Service Technology, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
4G MVNO
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5G MVNO
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
3G
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Virtual Network Operator Market, By Region, 2020 - 2032, Value (USD Bn)