The global cellular network subscription market size is anticipated to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the evolving mobile industry.
A cellular network is also called as mobile network which is a radio network. This network spreads on the land areas called as cells. It is served by at least one fixed-location transceiver known as cell site or base station. For prevention of interference within each cell, it uses various set of frequencies. Due to changing mobile industry the cellular network subscription market is projected to expand over the forecast period.
Depending on availability of network, data, charges are paid based on use of data and other services given by cellular network subscription market players. Pre-paid and post-paid are two types of subscriptions which are provided by the operators. The data, calling, and other charges are different for pre-paid and post-paid. Single customer has multiple connections. If single consumer uses two different types of SIM-Cards then that consumer is considered as two users. Hence, multiple connections are increasing with rising number of mobile users. There are several customers who uses multiple devices or SIMs for best tariffs. But firms present in industry generates numerous M2M applications for rising productivity.
Growing number of users of smart-phone and applications concurrently increases the reliability of consumer. This shows major effect on cellular network subscription market. Launch of 4G is projected to fuel the growth. Declining price is one of the factors which hampers the revenue generation because of which Average Revenue Per User (ARPU) shows huge decline around the world. 5G network service is anticipated to demonstrate major growth due to its applications of high economic and social value.
Market Trends, Drivers, Restraints, and Opportunities
- Evolving mobile industry is major factor responsible for propelling the growth of the market during the forecast period.
- Growing popularity of smart-phones, tablets, iPhones, dongles, and iPads are projected to drive the expansion of the market in the coming years.
- Easy availability of mobile data and its price are expected to push the market growth during the forecast period.
- Rising investment by market players for maintain and increasing customer base is anticipated to boost the growth of the market.
- Technological advancement for improving the customer service and introduction of 5G are projected to propel the expansion of the market.
- Increasing use of smartphones is expected to fuel the expansion of the market during the forecast period.
- Declining price of cellular network subscription is major factor responsible for hampering the growth of the market over the forecast period.
Stiff competition in the market and lack of service provision are projected to impede the market growth in the coming years.
Scope of the Report
The report on the global cellular network subscription market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Cellular Network Subscription Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Applications (Consumer Electronics and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Airtel; Reliance; China Mobile; Vodafone; China Unicom; Axiata; Maxis; Megafon; Bridge Alliance; Singtel; BSNL; IDEA Cellular; TATA Indicom; Aircel; AT & T mobility; Verizon Wireless; Etisalat; T-Mobile; STC; Telia Sonera; Orange; China Telecom; Telenor; Vimpelcom; and MTN Group
Market Segment Insights
Consumer electronics segment is projected to hold a major market share
Based on applications, the cellular network subscription market is segmented into consumer electronics and others. The consumer electronics segment is expected to account for a key share of the market during the forecast period. Consumer electronics are also known as home electronics. Increasing use of devices for communication, entertainment, and recreation. Consumer electronics are consisting a set of electronic devices which gives more than one functionality for a particular individual. Also, it includes mobile and computing devices which are generally carried by a consumer outside the home. The others segment includes mobile devices, USB or power dongles, and modem or router.
Asia Pacific is expected to dominate the market
On the basis of regions, the cellular network subscription market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period due to cellular network subscription market maturity. On the other hand, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to rising mobile subscriber base and increasing preference of 4G services in emerging countries such as India and China. Growing digitalization in countries is also projected to fuel the regional market growth.
Segments Covered in the Report
The global cellular network subscription market has been segmented on the basis of
- Consumer Electronics
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- China Mobile
- China Unicom
- Bridge Alliance
- IDEA Cellular
- TATA Indicom
- AT & T mobility
- Verizon Wireless
- Telia Sonera
- China Telecom
- MTN Group
Key players competing in the cellular network subscription market are Airtel; Reliance; China Mobile; Vodafone; China Unicom; Axiata; Maxis; Megafon; Bridge Alliance; Singtel; BSNL; IDEA Cellular; TATA Indicom; Aircel; AT & T mobility; Verizon Wireless; Etisalat; T-Mobile; STC; Telia Sonera; Orange; China Telecom; Telenor; Vimpelcom; and MTN Group. Major market players are adopting several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.