According to a new market research report published by Transparency Market Research entitled “Prepaid Wireless Service Market: Type (Data, Voice); Connectivity (2G, 3G, 4G) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,”the global prepaid wireless service market is expected to reach US$ 659.1 Bn by 2026. The market value is anticipated to expand at a CAGR of 4.3% during the forecast period from 2018 to 2026.The market is expected to grow largely due to shift of consumer preference from postpaid to prepaid services, largely in the regions of North America and Europe.
Geographically, the global prepaid wireless service market
is segmented into North America, Europe, Asia Pacific, Middle East &
Africa, and South America. Asia Pacific dominates the market with a share of
more than 50% in 2017, followed by Europe with approximately 20% share. The
dominating share in Asia Pacific is primarily due to tremendous growth in the
adoption of smartphones among both millennial and older population. In Asia
Pacific, key countries contributing to the prepaid wireless service growth are
China, India, Japan, and Indonesia. Asia Pacific has the largest subscriber
base for prepaid wireless service in the world. The region has the largest
population in the world which therefore makes it the largest market for prepaid
wireless service. These countries have an active base of smartphone users across
all age groups. Moreover, the market for prepaid wireless service is increasing
due to continuous demand for affordable and flexible data and voice plans.
Request a Sample of Prepaid Wireless Service Market
- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=47697
In 2017, Asia Pacific was evaluated as the largest market
for prepaid wireless service. India, China, Indonesia, and Japan are
particularly attractive markets for prepaid wireless service. However, Rest of
Asia Pacific is expected to expand at the highest CAGR during the forecast
period, 2018-2026. In the region, a large portion of the population prefers
prepaid wireless service over postpaid, the reason being affordability and
flexibility to switch network operators easily.
In Europe, some of the key countries contributing to the
growth of the prepaid wireless service market are Germany, France, and Italy.
The market for prepaid wireless in Europe is largely driven by offerings of
MVNOs. MVNOs, over the last couple of years have become quite significant in
terms of their operation. Some of the well-known MVNOs operating in the market
have been providing attractive voice and video plans to the subscriber base,
thereby adding to the growth of the market.
Globally, the prepaid wireless service market is segmented
based on connectivity and type. In terms of connectivity, the market is
segmented into 2G, 3G, and 4G connectivity. Based on type, the market is
segregated into data and voice. In terms of connectivity, 4G occupies the
largest share of more than 50% in the overall prepaid wireless service market.
Demand for 2G connectivity has drastically fallen over a period of time largely
due to rollout of 4G/LTE connectivity which is much faster. Moreover, after the
commercial roll out of 5G services, 3G connectivity services will also start
losing its market share.
Based on type, voice has the largest share in the market.
However, data type is expected toexpand at the highest CAGR during the forecast
period. A large portion of the population globally is using internet for
various purposes. Right from social networking to day to day financial
transactions, mobile internet usage has drastically increased. This in turn has
increased the demand for fast and cheap data plans across the globe.
Millennials are the most active users of internet and they prefer cheap plans.
Furthermore, due to several student exchange programs, many foreign students
are enrolling in international universities. This has led to increased demand
for cheap and affordable voice plans. MVNOs and MNOs are catering efficiently
to this segment of the market. These service providers are offering attractive
plans that include cheap international calls with additional benefits of video
on demand services.
Key players operating in the global prepaid wireless
servicemarket areAT&T Inc., Sprint Corporation, Verizon Wireless, T-Mobile
International AG, Deutsche Telekom, Vodafone Group plc, Orange S.A.,
Telefónica, S.A., Telstra Corporation Ltd., Telenor ASA, Emirates
Telecommunication Group, Axiata Group, Bharti Airtel Limited, China Mobile
Communications Corporation, and AméricaMóvil.
Market Segmentation:
Prepaid Wireless Service Market, by Connectivity
- 2G
- 3G
- 4G
Prepaid Wireless Service Market, by Type
- Voice
- Data
Purchase our Premium
Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=47697<ype=S
About Us
Transparency Market Research (TMR) is a market intelligence
company, providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. TMR’s experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources and
various tools and techniques to gather, and analyze information. Our business
offerings represent the latest and the most reliable information indispensable
for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different
sector - such as pharmaceuticals, chemicals, energy, food & beverages,
semiconductors, med-devices, consumer goods and technology. These reports
provide in-depth analysis and deep segmentation to possible micro levels. With
wider scope and stratified research methodology, TMR’s syndicated reports
thrive to provide clients to serve their overall research requirement.
Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
No comments:
Post a Comment