Prepaid Wireless Service Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The Global Prepaid Wireless Service Market Size Was Valued At USD 542931.29 Million In 2022 And Is Expected To Expand At A CAGR Of 4.49% During The Forecast Period, Reaching USD 706775.77 Million By 2030.
Prepaid Wireless Service Market Overview:
The number of mobile phone owners worldwide has increased dramatically. You can access the Internet and mobile phones from anywhere in the world. According to World Bank data, in developing countries such as sub-Saharan Africa, more than 60% of the population owns a mobile phone. Mobile phones today are inexpensive, easy to use, and offer several benefits that require minimal expertise in handling the device. The ability of mobile phones to provide a variety of interactive activities including texting, calling, mobile apps and web browsing has made mobile phones very popular. Not just mobile phones, but smartphones are also showing strong penetration worldwide. Today, more than half of the world's population owns a smartphone. Smartphone owners are spending more and more time on their devices for social networking and calling purposes. This has led to the activation of prepaid wireless services worldwide. Moreover, mobile owners with affordable voice and data plans are choosing prepaid over postpaid services.
Prepaid Wireless Service market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Prepaid Wireless Service market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Market Segments Covered in Prepaid Wireless Service Industry Research:
Market Key Players:
AT&T, Sprint Corporation, Verizon Wireless, T-Mobile Internationa, Deutsche Telekom, Vodafone Group, TelefÃ³nica, Telstra Corporation, Telenor ASA, Emirates Telecommunication Group, And Others.
Asia Pacific dominates the market, followed by Europe and North America. In North America, mobile owners have been moving from contract-based services to prepaid services over the past few years. However, the share of postpaid wireless services is still higher than that of prepaid wireless services when compared to other regions such as Asia Pacific and the Middle East. Africa. The largest market for prepaid wireless services is primarily in the Asia Pacific region due to population size and preference for prepaid services over postpaid services. Europe is the second largest market (by revenue) for prepaid wireless services. The market for prepaid wireless services has been fueled by the popularity of the Mobile Virtual Network Operator (MVNO) model in Europe. These MVNOs offer attractive voice and data plans at low rates, creating demand for prepaid wireless services, especially in developing countries.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Increase in use of Internet-based services due to availability of advance LTE networks and demand for affordable voice and data plans are responsible for the rise in use of prepaid wireless services. Key indicators of the prepaid wireless service market are global inflation rate, per-capita disposable income, penetration of high-speed internet, and economic conditions.
Prepaid Wireless Service Market report scope:
CAGR of 4.49% from 2022 to 2030.
2G, 3G, 4G
AT&T, Sprint Corporation, Verizon Wireless, T-Mobile Internationa, Deutsche Telekom, Vodafone Group, Telefnica, Telstra Corporation, Telenor ASA, Emirates Telecommunication Group
Regions and Countries Covered
2017 to 2022
2023 to 2030
Key Takeaways from this Prepaid Wireless Service Report
- Estimate Prepaid Wireless Service market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Prepaid Wireless Service market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions-
What is the CAGR of Prepaid Wireless Service market?
The Prepaid Wireless Service Market is growing at a CAGR of 4.49% During Forecast Period.
What are the key types of Prepaid Wireless Service market?
2G, 3G, 4G
What are the key applications of Prepaid Wireless Service market?
Who are the key players in Prepaid Wireless Service market?
AT&T, Sprint Corporation, Verizon Wireless, T-Mobile Internationa, Deutsche Telekom, Vodafone Group, Telefnica, Telstra Corporation, Telenor ASA, Emirates Telecommunication Group, And others.