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Rapid Demand for Cost-Effective Wireless Network to Help Mobile Virtual Network Operators (MVNO) Market Reach USD 123.40 Billion by 2028

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Pune, India, Aug. 02, 2021 (GLOBE NEWSWIRE) — The global Mobile Virtual Network Operators (MVNO) market size is projected to reach 123.40 billion by 2028, exhibiting a CAGR of 7.9% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Mobile Virtual Network Operator (MVNO) Market Size, Share & COVID-19 Impact Analysis, By Operational Model (Reseller MVNO, Service Provider MVNO, and Full MVNO), By Service Type (Postpaid and Prepaid), By Subscriber (Business and Individual/Residential), and Regional Forecast, 2021-2028”. As per the report, the value of the market stood at USD 67.54 billion in 2020.

The world has become a smaller place thanks to faster and better ways of communication. In addition, with the business era standing on the verge of the fourth industrial revolution, enterprises will be juggling more technologies than ever. And these technologies require constant and reliable networking. The extensive utilization of cutting edge technologies, such as the Internet of Things (IoT) and Artificial Intelligence (AI), is estimated to increase the demand for mobile virtual network operators. Moreover, the non-commercial section is witnessing rapid demand for cost-effective wireless network services for day to day requirements such as fast internet connectivity, online gaming, streaming, and video conference.

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REPORT SCOPE & SEGMENTATION:

Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 7.9 %
2028 Value Projection USD 123.40 Billion
Base Year 2020
Market Size in 2020 USD 67.54 Billion
Historical Data for 2017 to 2019
No. of Pages 140
Segments covered By Operational Model, By Service Type, and By Subscriber, By Region
Growth Drivers Growing eSIM Trend to Reshape Mobile Virtual Network Operators Market
Network Slicing of 5G Technology to Provide Growth Opportunities for the Market
The network slicing of 5G technology provides opportunities for network operators to offer differentiated and innovative services.
Pitfalls & Challenges High Vulnerability to Fraud and Security Breach Might Challenge Market Growth

Market Segmentation

We have categorized the market on the basis of operational model, service type, subscriber, and geography. In terms of the operational model, the market is divided into reseller MVNO, service provider MVNO, and full MVNO. Based on service type, it is fragmented into postpaid and prepaid. Based on subscribers it is bifurcated into business and individual/residential. Lastly, on the basis of geography, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.

COVID-19 pandemic has been a disrupting factor in terms of business operations. Some sections of the business world have been hit adversely during the pandemic while some have been nurtured amid the crisis. The global MVNO market relates to the second category. During the rapidly increasing demand for better networking infrastructure due to high traffic on the internet amid lockdowns, MVNOs have been blessed with large customer bases. However, the market growth has been slightly affected due to lack of support from complementary sectors. As per our analysis, the global market will exhibit a lower growth of 7.3% in 2021.

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/mobile-virtual-network-operators-market-100076

What Does the Report Offer?

The report provides a detailed analysis of the key market aspects, namely, the dominant companies, end-users, and leading product types. Apart from this, the report contains tangible insights into the current & upcoming market trends and highlights prominent industry developments. In addition to these factors, the report supplies a holistic understanding of the main drivers, restraints, and segments that are contributing to the growth of the market.

Driving factor

High investment on 5G Infrastructure Worldwide to Drive MVNO Market Growth

According to Gartner, as of 2020, the otal spending on 5G infrastructure reached double the amount compared to the previous year. Prominent network carriers across the globe are investing extensively in the same in order to attain maximum customer base. This trend is estimated to drive the global mobile virtual network operator market growth. For instance, as published by the GSM Association (GSMA), by 2025, there will be around 1.2 billion 5G connections globally. However, the high risk associated with roaming fraud is expected to hinder the growth of mobile virtual network operators.

Regional Insights

Evident Presence of Prominent Enterprises to boost demand in Europe

Europe is set to lead the global MVNO market share during the forecast timeline with a market value of USD 25.76 billion in 2020. The evident presence of industry leaders coupled with supportive regulatory frameworks from countries, such as Germany, the UK, France, and Spain, is projected to strengthen the demand for mobile virtual network operators in the region. In addition, such growth opportunities are driving several small and large companies to expand their businesses in the region. This will further enhance the market growth.

North America is projected to secure the second largest market share during the projected timeline. The growth in the region is primarily attributable to the increasing adoption of services such as voice over internet protocol VoIP, mobility services, and data services.

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Competitive Landscape

Collaboration with Established Carriers to Aid Key Players Expand their Customer Base

Emerging players operating in the global mobile virtual network operator market are focusing on collaborating with established network carriers. This will help them expand their customer base globally. In addition, these players are aiming at leveraging the latest technologies in order to upgrade their product line. For instance, in November 2019, Virgin Mobile USA Inc. joined hands with Vodafone UK for a Mobile Virtual Network Operator agreement. This will help the company attain more than three million customers.

Industry Developments:

In February 2019 – Google Fi extended its MVNO partnership with Sprint in order to avail the 5G technology from the latter company. The agreement will help Google Fi to provide innovative services enabled by Sprint’s 5G services to its customers.

List of Key Companies Covered in this Market Report:

•             Virgin Mobile USA Inc. (Missouri, United States)

•             Xfinity Mobile (Pennsylvania, United States)

•             Verizon Wireless (New York, United States)

•             T-Mobile US Inc. (Washington, United States)

•             Airvoice Wireless (Michigan, United States)

•             Dish Wireless LLC (Colorado, United States)

•             Republic Wireless (North Carolina, United States)

•             Google Fi (Google LLC) (California, United States)

•             Boost Mobile (California, United States)

•             Lycamobile (London, United Kingdom)

•             Mobileum (California, United States)

•             Lebara Group BV (London, United Kingdom)

•             FRiENDi Mobile (Muscat, Oman.)

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Table of Content:

    • Introduction
      • Definition, By Segment
      • Research Methodology/Approach
      • Data Sources
    • Key Takeaways
    • Market Dynamics
      • Macro and Micro Economic Indicators
      • Drivers, Restraints, Opportunities and Trends
      • Impact of COVID-19
        • Short-term Impact
        • Long-term Impact
    • Competition Landscape
      • Business Strategies Adopted by Key Players
      • Consolidated SWOT Analysis of Key Players
      • Porter’s Five Force Analysis
    • Global Mobile Virtual Network Operators (MVNO) Key Players Market Share Insights and Analysis, 2020         
    • Key Market Insights and Strategic Recommendations
    • Primary Interviewee’s Key Responses
    • Companies Profiled (Covered for key 10 players only)
      • Overview
        • Key Management
        • Headquarters etc.
      • Offerings/Business Segments
      • Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
        • Employee Size
        • Key Financials
          • Past and Current Revenue
          • Gross Margin
          • Geographical Share
          • Business Segment Share
      • Recent Developments
    • Annexure / Appendix
      • Global Mobile Virtual Network Operators (MVNO) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
        • By Operational Model (Value)
          • Reseller MVNO
          • Service Provider MVNO
          • Full MVNO
        • By Service Type (Value)
          • Postpaid
          • Prepaid
        • By Subscriber (Value)
          • Business
          • Individual/Residential
        • By Region (Value)
          • North America
          • South America
          • Europe
          • Middle East & Africa
          • Asia Pacific
      • North America Mobile Virtual Network Operators (MVNO) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
        • By Operational Model (Value)
          • Reseller MVNO
          • Service Provider MVNO
          • Full MVNO
        • By Service Type (Value)
          • Postpaid
          • Prepaid
        • By Subscriber (Value)
          • Business
          • Individual/Residential
        • By Country (Value)
          • United States
          • Canada
          • Mexico

TOC Continued…!

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About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO

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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.

 
 
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.” 
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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Robotics Market to Surpass USD 126.96 Billion by 2031 | SkyQuest Technology

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WESTFORD, Mass., April 25, 2024 /PRNewswire/ — The growing need for automation, technological developments, and long-term cost reductions are driving a robust expansion in the worldwide robotics market. SkyQuest projects that Global Robotics Market size is poised to grow from USD 41.50 Billion in 2023 to USD 126.96 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).

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https://www.skyquestt.com/report/robotics-market
Browse in-depth TOC on the “Robotics Market”
Pages – 202Tables – 64Figures – 75Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$41.50 billion
Estimated Value by 2031
$126.96 billion
Growth Rate
Poised to grow at a CAGR of 15%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Application, End Users, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Collaborative Robotics
Key Market Opportunities
Prompting Several Industries to Adopt Automation Technologies
Key Market Drivers
Increasing Demand for Automation
Surge of Automation is Supporting Growth of Robotics Industry 
The industrial sector is generating high revenues for the global robotics market owing to extensive automation in manufacturing, which increases productivity and lowers overall production costs. Assembly line, painting, and welding robots have become essential, thereby propelling substantial market expansion in the automotive, electronics, and heavy duty sectors. Due to the increased usage of robots for non-manufacturing functions such as customer service, shipping, and healthcare, the services sector is expanding quickly. This rapid growth is being driven by technological improvements and the push for automation in services.
Surge in Advance Robotics is Bolstering Market Growth
The use of robotics in manufacturing processes is growing, and innovation in this field is happening quickly worldwide. By increasing productivity, efficiency, and precision, advanced robotics technologies—such as AI-driven automation systems and collaborative robots, or cobots—are transforming the manufacturing sector. The dominance of manufacturing in the worldwide robotics market is fuelled by the integration of robotics into manufacturing facilities, which helps businesses remain competitive in today’s dynamic market scenario.
Rising Interest in Service Robotics is Driving Demand for Robotics in Asia Pacific
Due to the strong demand for industrial and service robots in the region, Asia Pacific now leads the global robotics industry. China, Japan, and South Korea are among the nations that have made significant investments in the robotics sector recently. The Middle East and Africa are anticipated to register the fastest-growing rate for the global robotics market. The expansion is ascribed to the region’s growing adoption of automation technology, especially in the manufacturing and logistics industries.
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Drivers:
Increasing Demand for AutomationAdvancements in AI and Machine Learning TechnologiesRestraints:
High Initial InvestmentsLack of Skilled WorkforceProminent Players in Global Robotics Market:
FANUC America Corporation (US)Epson Robotics (Japan)Staubli International AG (Switzerland)YRG Inc. (US)Comau S.p.A. (Italy)Northrop Grumman Corporation (US)Honda Motor Co., Ltd. (Japan)Seiko Epson Corporation (Japan)Yamaha Motor Co., Ltd. (Japan)Adept Technology, Inc. (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/robotics-market
Key Questions Answered in Global Robotics Market Report
How big is the global robotics market, and what compound annual growth rate (CAGR) is it anticipated to deliver between 2024 and 2031?Which industries are fuelling the need for automation and fostering the expansion of the robotics sector?What impact have recent technological advancements and innovations had on the direction of the robotics market?Which well-known companies in the robotics industry are also major players in the global robotics market?This report provides the following insights:
Analysis of key drivers (increasing demand for automation across industries, improved the overall efficiency, productivity of the processes, demand for automation), restraints (high initial investments, difficult for small and medium-sized enterprises to invest, robots, sensors, and other equipment required not delivered), opportunities (advancements in AI and machine learning technologies, new opportunities for the robotics market, perform complex tasks with high accuracy), and challenges (lack of skilled workforce, maintenance of these robotics systems) influencing the growth of robotics marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the robotics marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the robotics marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.Related Reports:
Global Service Robotics Market
Global Soft Robotics Market
Global Warehouse Robotics Market
Global Cloud Robotics Market
Global Robotic Welding Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/

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