What is Prepaid Wireless Service Market?
Prepaid wireless services include telecom and internet data services provided by the companies whose payment is done previously by the user. Every online process requires internet and prepaid services are affordable than post-paid services, hence prepaid wireless services are gaining attraction in the market. Online booking, online banking transaction, online food orders, cab booking applications, and other online services are more convenient and preferable, that increases internet penetration which ultimately drives the growth of the market.
The market study is being classified by Type (Voice and Data), by Application (Personal and Enterprise [ Small & Medium Enterprises, Large Enterprises]) and major geographies with country level break-up.
AT&T (United States), Sprint Corporation (United States), Verizon Wireless (United States), T-Mobile International (Germany), Deutsche Telekom (Germany), Vodafone Group (United Kingdom), Telefónica (Spain), Telstra Corporation (Australia), Telenor ASA (Norway) and Emirates Telecommunication Group (UAE) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Axiata Group (Malaysia), Bharti Airtel Limited (India), China Mobile Communications Corporation (China) and AméricaMóvil (Mexico).
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as product uniqueness, standout product line, offering attractive discounts, mergers with big organizations, alliances with different companies to increase sales area globally and others. Research Analyst at AMA predicts that United states and European Players will contribute to the maximum growth of Global Prepaid Wireless Service market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Prepaid Wireless Service market by Type, Application and Region. On the basis of Type, Data are dominating the market in the year 2020 where as Voice stood as second largest market share.
On the basis of application, Small & Medium Enterprises segment is dominating the market in the year 2020 where as Large Enterprises segment stood as second largest market.
On the basis of geography, the market of Prepaid Wireless Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increment in the count mobile users
- Growing internet penetration in every sector
- Increasing online financial transactions and mobile banking applications
- Growing dependency of organizational work on mobile and tablet
- Increasing necessity of global connectivity in every field
- Continuous technological up-gradation is required
- Strong competition
- Growing fad of social networking
- Preferred over post paid services as high affordability
Key Target AudienceManufacturer, Sub-component manufactures, Distributors/Traders/Wholesalers, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations