The problem
By 2030, it’s expected that the number of connected consumer devices (not just smart phones but any smart connected/IoT device) will reach 17 billion.
Mobile virtual network operators (MVNOs), like Airalo and Nomad, are seizing a huge opportunity here to increase connectivity demand and reach a long tail of the market that telcos otherwise struggle to reach. Hundreds of these platforms have popped up in recent years, and the MVNO market is predicted to reach $117 billion by 2028.
These resellers are currently leveraging roaming connectivity, rather than local connectivity, meaning significant revenue losses for telco providers. Moreover, roaming connectivity is more expensive, slower, and less legally compliant than local connectivity. Being able to tap into local connectivity would allow telcos to recapture much lost revenue, while also opening up new markets—a real win-win.