Overview and Scope
The mobile number portability market includes revenues earned by entities by providing service provider number portability, location number portability, service portability, fixed number portability, and related wireless number portability. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the mobile number portability market are Verizon Communications Inc., AT&T Inc., T-Mobile Inc., Orange SA, Vodafone Group Plc, Telefónica 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
The mobile number portability market report table of contents includes:
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
….
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
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