Global Industry Trends

In 2023, the mobile virtual network operator market had a value of USD 79.2 billion, and it is projected to expand at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2030, reaching USD 141.9 billion by 2030. This development of the market can be credited to the rise in the penetration of mobile devices and the need for low-priced mobile facilities; quick development in the requirement for triple-play facilities in emerging nations; and a surge in the need for high-speed internet connectivity. However, while the traditional, full MVNOs have always been market leaders in terms of revenue, there have been newer players entering the market with the foremost focus on value-added services. Regional Outlook • The Prepaid category is estimated to advance faster at a CAGR of more than 9.3% over the projection period because of its customization choices and pay-as-you-use model. • In 2023, the postpaid category generated the larger revenue share and is projected to continue to lead th...

According to the latest market research study published by P&S Intelligence, the AutoML industry is witnessing growth and is projected to reach 15,499.3 million by 2030. The market is driven by the growing need for effective scam recognition solutions, the rising requirement for tailored product recommendations, and the increasing importance of predictive lead scoring. Cloud computing is broadly accepted to create greater competitiveness through superior cost efficiency, agility, scalability, and resource use optimization. Unlike any other technology that can be summed up or viewed in its totality, cloud computing comprises many parts that when put together, serve a greater cause. It provides access to cloud-native tech, advances the style of operation, and creates conditions for ML and AI development and addition. It is demonstrated as the main direction in the market growth that the demand for cloud-based platforms is increasing. Cloud-based solutions consist of a SaaS model, wh...