The new report from Expert Market Research titled, ‘Global Mobile Virtual Infrastructure Market Size, Share, Report, Forecast 2023-2028’, provides an in-depth analysis of the Global Mobile Virtual Infrastructure Market, assessing the market based on its segments such as applications, manufacturing process, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, along with market analysis based on SWOT and Porter’s Five Forces models.
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Highlights of the report include:
Market Overview (2018-2028)
- Historical market size (2020): USD 112 million
- Forecast CAGR (2023-2028): 9%
- Estimated market size (2026): USD 188 million
Connected and smart networks, as well as the rapid growth of smartphones worldwide, are increasing the demand for global mobile virtual infrastructure. Better data security, which protects employee privacy, even more, reduced hardware and operating costs, and simple control of mobile workplaces through a single keyboard are some of the factors driving the development of the global mobile virtual infrastructure industry. The benefits of virtual mobile networks include avoiding data loss as a result of hacking physical devices, streamlining IT processes, reducing in-house application development activities, and improving employee satisfaction.
The recent COVID-19 epidemic has pushed businesses towards workplace mobility. As a result, mobile devices are increasingly important assets for corporate data. Small business owners believe that remote workers increase the likelihood of a data breach. The market for VMI is likely to grow in the near future as a result of the pandemic.
Virtual Mobile Infrastructure Industry Definition and Key Segments
A mobile virtual infrastructure is a mobile-centric technology that runs on a mobile operating system (OS) or a remote server virtual machine. The mobile virtual network provides a delivery mechanism that can run applications on any mobile phone or tablet, regardless of device or operating system. Companies can stream their mobile applications to servers and have customized remote access from any platform with the help of virtual mobile infrastructure.
In addition, the mobile virtual architecture protects mobile data and keeps track of user behavior. This distribution platform also helps businesses maintain effective data access. This encourages businesses to use unauthorized commercial devices to gain access to secure and controlled company tools.
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By components, the market is divided into:
By placement, the market is divided into:
On the basis of applications, the industry can be divided into:
- Banking, Financial Services and Insurance
- Health care
- IT and Telecom
By region, the industry is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Mobile Virtual Infrastructure Market Trends
During the forecast period, the demand for mobile virtual network providers is expected to be driven by the increasing use of data and value-added services such as live streaming and M-commerce-based services. The use of smartphones is expected to accelerate globally, resulting in a significant increase in the number of mobile subscribers. Mobile virtual network providers tend to different user requirements, but they do not maintain or control the entire radio frequency infrastructure or license. This is expected to slightly hamper the growth of the market.
The introduction of innovative services such as machine-to-machine transfers and mobile money are expected to drive demand for mobile virtual network operators to new heights. In addition, mobile virtual network providers are partnering with handset vendors to sell their networks at low rates to lure new customers, which would further boost demand over the forecast period. Numerous industrial applications are expected to drive the market in the coming years.
Demand for mobile virtual network providers was dominated by Europe. The favorable regulatory environment, which is expected to play a critical role in the development of mobile virtual network operators, can be credited with growth. During the forecast era, countries such as the United Kingdom, Germany, and the Netherlands are expected to have a positive effect on regional development.
During the forecast era, data services are projected to be the most important services for regional development. During the forecast period, Asia Pacific and MEA are expected to grow significantly. The growing demand in the Asia-Pacific region for mobile virtual network operators can be credited to the region’s tremendous growth in the telecom services industry. India, Vietnam, Myanmar and China, as well as other developing economies in the region, are working to expand and modernize their telecommunications networks.
During the forecast period, Southeast Asian countries such as Thailand, Singapore, and the Philippines are expected to contribute significantly to the growth of the regional market. Increasing mobile usage in countries such as UAE, Saudi Arabia and South Africa will also positively impact market growth in the MEA region.
Major market players
Key players in the market are Trend Micro, Avast Software, Intelligent Waves, Pulse Secure, Raytheon, Prescient Solutions, among others. The report covers market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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