IoT Mobile Virtual Network Operators (MVNO)

Global IoT Mobile Virtual Network Operators (MVNO) Market to Reach US$6.5 Billion by 2030

The global market for IoT Mobile Virtual Network Operators (MVNO) estimated at US$2.7 Billion in the year 2024, is expected to reach US$6.5 Billion by 2030, growing at a CAGR of 15.7% over the analysis period 2024-2030. Resellers Operation Model, one of the segments analyzed in the report, is expected to record a 14.2% CAGR and reach US$3.6 Billion by the end of the analysis period. Growth in the Service Operators Operation Model segment is estimated at 17.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$741.1 Million While China is Forecast to Grow at 20.5% CAGR

The IoT Mobile Virtual Network Operators (MVNO) market in the U.S. is estimated at US$741.1 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 20.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 11.7% and 13.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.

Global IoT Mobile Virtual Network Operators (MVNO) Market – Key Trends & Drivers Summarized

Why Are IoT-Focused MVNOs Reshaping Connectivity in a Hyperconnected World?

IoT Mobile Virtual Network Operators (MVNOs) are becoming indispensable players in the global connectivity landscape by providing tailored network services optimized for machine-to-machine (M2M) and Internet of Things (IoT) applications. Unlike traditional MVNOs that focus on consumer mobile services, IoT MVNOs cater exclusively to the connectivity needs of smart devices—spanning sectors like industrial automation, logistics, smart cities, healthcare, agriculture, and asset tracking. They lease capacity from major mobile network operators (MNOs) but differentiate themselves through customized SIM management, data routing, device lifecycle management, and global roaming capabilities specific to IoT deployments.

These MVNOs enable enterprises to maintain seamless, cost-effective, and reliable device connectivity across multiple geographies and network technologies—including 2G, 3G, 4G, LTE-M, and NB-IoT. The fragmentation of IoT ecosystems, with devices needing to operate across diverse regions and networks, makes global IoT MVNOs a strategic solution for businesses seeking to manage multi-country rollouts without negotiating separate agreements with MNOs. This focus on scalability, interoperability, and device density positions IoT MVNOs as critical enablers of the fast-growing machine connectivity economy.

What Technologies and Service Models Are Driving Innovation Among IoT MVNOs?

IoT MVNOs are leveraging cloud-native platforms, embedded SIMs (eSIM), and software-defined networking to differentiate their services and deliver flexible, programmable connectivity. These technologies allow MVNOs to offer centralized SIM provisioning, real-time data analytics, remote diagnostics, and edge computing integration through a unified dashboard. The rise of eUICC (embedded Universal Integrated Circuit Card) standards has further empowered IoT MVNOs to support remote SIM switching, helping businesses dynamically select the best available network operator without physical SIM replacement—crucial for devices deployed in hard-to-reach locations.

Additionally, IoT MVNOs are integrating advanced features such as API-based provisioning, zero-touch onboarding, over-the-air firmware updates, and AI-based anomaly detection to support autonomous and predictive network behavior. Their ability to provide granular control over data usage, latency, bandwidth, and device health is especially valuable in verticals such as fleet telematics, remote patient monitoring, and precision agriculture. As 5G and private LTE networks become more prevalent, IoT MVNOs are evolving to offer hybrid connectivity models that support low-latency, ultra-reliable communication for mission-critical applications.

Which End-Use Sectors and Geographies Are Leading IoT MVNO Adoption?

Industries with large-scale IoT deployments and mission-critical uptime requirements are at the forefront of adopting IoT MVNO services. Transportation and logistics firms rely on these operators to enable real-time vehicle tracking, fuel monitoring, and cross-border shipment visibility. In smart metering and utilities, IoT MVNOs help utilities manage distributed energy assets and track consumption remotely. In healthcare, connected medical devices and wearable monitors utilize MVNO platforms for secure, HIPAA-compliant connectivity with 24/7 remote access. Retailers use these networks for point-of-sale (POS) terminals, vending machines, and mobile kiosks that require secure, standalone communication.

Geographically, Europe and North America lead in adoption due to mature telecom infrastructure, early regulatory support for eSIM deployment, and a large installed base of enterprise IoT systems. Asia-Pacific is witnessing rapid growth driven by smart city initiatives, government-led digital infrastructure projects, and expanding industrial IoT ecosystems. Latin America and Africa are emerging markets where MVNOs are bridging connectivity gaps for rural IoT deployments and low-bandwidth M2M applications. Across all regions, cross-border logistics and supply chain use cases are particularly reliant on MVNOs that offer seamless international roaming and multi-network failover.

The Growth in the IoT MVNO Market Is Driven by Several Factors…

The growth in the IoT MVNO market is driven by several factors including the accelerating adoption of connected devices across industries, increasing demand for global and scalable connectivity solutions, and the maturation of eSIM and 5G technologies. Businesses are increasingly seeking agile, cost-effective alternatives to traditional network contracts, and IoT MVNOs offer greater flexibility, visibility, and control over device connectivity at scale. The need for seamless interoperability across networks, especially in cross-border deployments, is also fueling demand for MVNO services that offer centralized orchestration and policy enforcement.

Technological enablers such as remote SIM provisioning, API-driven network management, and cloud-based connectivity platforms are reducing operational complexity and enhancing service customization. Furthermore, as IoT ecosystems become more mission-critical—with deployments in autonomous vehicles, telehealth, and industrial control systems—the demand for secure, resilient, and low-latency connectivity is rising. Regulatory pressure for data sovereignty and network neutrality is also pushing enterprises toward independent MVNO solutions that provide greater compliance oversight. As the IoT landscape grows more complex and interconnected, IoT MVNOs will continue to be key enablers of global, scalable, and intelligent connectivity infrastructures.

SCOPE OF STUDY:

The report analyzes the IoT Mobile Virtual Network Operators (MVNO) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Operation Model (Resellers, Service Operators, Full MVNO); Subscriber (Consumers, Enterprises)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• 1NCE
• Aeris Communications
• Amdocs eSIM Cloud
• BICS
• Cubic Telecom
• Digital Brands Suite as a Service
• EMnify
• Enea Aptilo IoT CCS
• Eseye
• Helium Network
• Itron
• KORE Wireless
• Monogoto
• Nokia WING
• Onomondo
• Orbcomm
• Soracom
• Tata Communications IoT
• Telit
• Transatel

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