Mobile Number Portability Market Expansion 2024-2033

Market Size –
The mobile number portability market size has grown strongly in recent years. It will grow from $2.04 billion in 2023 to $2.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to regulatory developments, increased customer satisfaction, improved network coverage by operators, increased internet users, improved quality of service.

The mobile number portability market size is expected to see strong growth in the next few years. It will grow to $2.66 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to growing demand for seamless switching, emergence of virtual mobile network operators, high churn rate among prepaid subscribers, growing mobile subscriber base, increasing consumer awareness of their rights. Major trends in the forecast period include introduction of IP-based networks, session initiation protocol, product innovation, investment in back-end services, demand for cloud-based MNP solutions.

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Scope Of Mobile Number Portability Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Mobile Number Portability Market Overview

Market Drivers –
The growing number of mobile subscribers is expected to propel the growth of the mobile number portability market going forward. A mobile subscriber denotes any individual registered and actively utilizing a mobile service provider’s service. The growing number of subscribers can be attributed to several factors, such as improved network infrastructure, smartphones and high-speed networks, and increasing affordability. Mobile number portability incentivizes mobile service providers to enhance their service quality, network coverage, and customer satisfaction to retain existing customers and attract new ones. This benefits subscribers by providing better service options and improved network performance. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications, a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021. This figure increased by over 2 million at the end of March 2022, resulting in 93.5 million subscribers, equivalent to 73.5% of the nation’s adult population. Therefore, the growing number of mobile subscribers is driving the growth of the mobile number portability market.

Market Trends –
Major companies operating in the mobile number portability market are focused on offering innovative plans, such as bundle mobile plans, to improve services and retain customers. Bundle mobile plans, or bundled mobile plans or packages, are offerings from mobile service providers that combine various services into a single plan for a unified price. Bundled mobile plans are designed to offer convenience and cost savings compared to purchasing each service individually. For instance, in August 2022, Telstra Group Limited, an Australian-based telecommunications company specializing in telecommunications and information services, launched a new bundle mobile plan to provide cost-effective mobile and data services to families nationwide. These plans are accessible to customers with at least one service on a qualifying ‘upfront’ mobile plan, featuring individual SIM cards that accommodate additional devices. Users can incorporate up to five of these bundle plans into their accounts, enabling connectivity for children’s smartphones, tablets, or mobile broadband hotspots.

The mobile number portability market covered in this report is segmented –

1) By Technology Type: Short Message Service (SMS), Unstructured Supplementary Service Data (USSD), Signal Transfer Point (STP), Session Initiation Protocol (SIP
2) By Transmission: Wireline, Wireless
3) By End User: Individual Consumers, Small And Medium-Sized Enterprises (Smes), Large Enterprises

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Regional Insights –
North America was the largest region in the mobile number portability market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile number portability market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –

Major companies operating in the mobile number portability market are Verizon Communications Inc., AT&T Inc., T-Mobile Inc., Orange SA, Vodafone Group Plc, TelefÃ³nica SA, Telecom Italia SPA, O2 Co., Bharti Airtel, A1 Telekom Austria AG, 3 Hutchison Ltd., Telkom SA SOC, Tele2 AB, Cell C Ltd., Tietoevry Corp., Neustar Inc., Syniverse Technologies LLC, MTN, iconectiv LLC, INDOTEL, Reliance Communications, EE Ltd., Sprint Corporation, Mediafon Datapro, Neotel Companies

Table of Contents
1. Executive Summary
2. Mobile Number Portability Market Characteristics
3. Mobile Number Portability Market Trends And Strategies
4. Mobile Number Portability Market – Macro Economic Scenario
5. Global Mobile Number Portability Market Size and Growth
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31. Mobile Number Portability Market Other Major And Innovative Companies
32. Global Mobile Number Portability Market Competitive Benchmarking
33. Global Mobile Number Portability Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mobile Number Portability Market
35. Mobile Number Portability Market Future Outlook and Potential Analysis
36.Appendix