IoT MVNO Market is expected to grow at a CAGR of 19.14% through 2030F
The
Global IoT MVNO Market is expected to be led by the Transportation and
Logistics segment due to rising demand for real-time connectivity, fleet
tracking, and cross-border data communication solutions, during the forecast
period 2026-2030F
According to TechSci Research report, “IoT MVNO Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global IoT MVNO Market was valued at USD 3.13 Billion in 2024 and is expected
to reach USD 8.95 Billion by 2030 with a CAGR of 19.14% through 2030.
The rollout of
5G networks and embedded SIM (eSIM) adoption have empowered IoT MVNOs to offer
agile, high-speed, and secure connectivity solutions. 5G’s low-latency and
network slicing capabilities are ideal for mission-critical applications like
autonomous vehicles or smart manufacturing, while eSIM allows remote
provisioning across operators without physical SIM changes.
These
technologies enable global enterprises to deploy and manage devices through
software interfaces—providing flexibility to switch carriers, update plans, and
monitor activities in real-time. The synergy between 5G, eSIM, and IoT MVNO
platforms is accelerating industry transition toward agile, programmable
connectivity. Over 55 percent of all new IoT devices shipped in 2025 are
expected to support eSIM technology, compared to 28 percent in 2022. This
indicates a dramatic shift toward remotely manageable connectivity. The
combination of eSIM and 5G is enabling IoT mobile virtual network operators to
offer scalable, programmable, and ultra-flexible device connectivity globally.
The Global IoT
MVNO Market is seeing a pronounced movement toward vertical-specific service
models. Instead of offering generic connectivity, many MVNOs are developing
tailored offerings for industries such as agriculture, automotive, energy, and
smart cities. These specialized solutions include not only connectivity, but
also integrated application programming interfaces (APIs), analytics
dashboards, and customized SLAs that align with the unique operational needs of
each sector. For example, an MVNO targeting agriculture may include low-power
wide-area connectivity and seasonal usage pricing, while one in logistics could
offer geofencing and international roaming.
This trend is
driven by enterprises demanding end-to-end solutions from their connectivity
partners. IoT MVNOs that deeply understand industry pain points are able to
deliver not just network access, but also operational value, enabling them to
become strategic partners rather than just service vendors. As competition
intensifies, differentiation through vertical integration and domain expertise
becomes critical. This verticalization is also fostering new collaborations
between MVNOs and software providers, sensor manufacturers, and cloud platforms
to build holistic, industry-specific IoT ecosystems that deliver actionable
insights and operational efficiency.
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In
2024, the Manufacturing segment emerged as the fastest-growing industry within
the Global IoT MVNO Market, driven by the widespread adoption of smart factory
initiatives and Industry 4.0 transformation. As manufacturers strive to enhance
operational efficiency, minimize downtime, and enable predictive maintenance,
the demand for reliable, scalable IoT connectivity has surged. IoT mobile
virtual network operators are playing a crucial role in enabling these
objectives by offering cost-effective, tailored network solutions that support
real-time monitoring, machine-to-machine communication, and asset tracking
across global operations. Their ability to provide customized services with
multi-network support and seamless cross-border connectivity is particularly
valuable in complex manufacturing environments.
The
segment’s growth is further supported by the integration of technologies such
as robotics, AI, digital twins, and edge computing, all of which require
uninterrupted data transmission across multiple devices and locations. With
increasing investments in smart manufacturing across regions like Asia Pacific,
Europe, and North America, the need for robust IoT connectivity solutions will
only intensify. Additionally, mobile virtual network operators are helping
manufacturers overcome the limitations of traditional carriers by delivering
greater flexibility and better control over IoT device management. As
industrial automation deepens, the manufacturing sector is expected to remain a
leading force in IoT MVNO demand.
In
2024, the Asia Pacific region rapidly emerged as the fastest-growing market in
the global IoT MVNO Market, fueled by accelerated digital transformation across
industries such as manufacturing, transportation, and smart infrastructure.
Countries like China, India, Japan, and South Korea witnessed a surge in demand
for cost-effective and scalable IoT connectivity, driven by government-backed
smart city projects, industrial automation, and the expansion of 5G networks.
The region’s large population, increasing mobile penetration, and growth in
connected devices have created strong demand for flexible mobile virtual
network operator models tailored for Internet of Things applications. As local
MVNOs collaborate with global telecom providers, Asia Pacific is expected to
sustain its momentum and become a central hub for IoT-driven innovation and
connectivity.
Key
market players in the IoT MVNO Market are: -
- KORE
Wireless Group, Inc.
- Sierra
Wireless, Inc.
- Twilio
Inc.
- Aeris
Communications, Inc.
- Transatel
SA
- Wireless
Logic Group Ltd.
- Truphone
Limited
- EMnify
GmbH
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“The
Global IoT MVNO Market is poised for significant growth in the coming years,
driven by rising demand for cost-effective, scalable, and flexible IoT
connectivity across industries. As enterprises increasingly deploy connected
devices for automation, asset tracking, smart cities, and telematics, the need
for specialized IoT mobile virtual network operators will grow rapidly.
Advancements in eSIM technology, private 5G, and edge computing will further
boost MVNO capabilities. Global expansion of low-power wide-area networks and
favorable regulations will support market penetration in emerging regions. This
ecosystem evolution will position IoT MVNOs as vital enablers of seamless,
secure, and cross-border IoT deployments.” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based global management consulting
firm.
“IoT MVNO Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, By Operational
Model (Reseller, Service Operator, Full MVNO), By Subscriber (Consumer,
Enterprise), By Industry (Manufacturing, Transportation and Logistics,
Healthcare, Retail, Energy and Utility, Agriculture, Others), By Region, By
Competition, 2020-2030F” has
evaluated the future growth potential of IoT MVNO Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in IoT MVNO Market.
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