Global Prepaid Wireless Service Market
Global Prepaid Wireless Service Market was valued at US$ XX Bn in 2017 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.
Global Prepaid Wireless Service Market
Prepaid Wireless Service raises to as pay-as-per-as-use, pay-as-you-talk, pay and go, go-phone or prepaid, for instance, a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or spent.
The rise in use of Internet-based services owing to the availability of advanced LTE networks and demand for affordable voice and data plans are responsible for the increase in the use of prepaid wireless services. Main indicators of the prepaid wireless service market are global inflation rate, per-capita disposable income, penetration of high-speed internet, & economic conditions.
Another major driving factors of the global prepaid wireless service market are, rising internet penetration in every sector and increasing online financial transactions also mobile banking applications. However, continuous technological up-gradation is required and strong competition is the restraints of the market growth. The growing fad of social networking and preferred over postpaid services as high affordability are the opportunities given by the market.
On the basis of connectivity, 4G connectivity segment is leading the global prepaid wireless service market. 4G occupies the largest share of more than 50% in the prepaid wireless service market globally. Owing to 4G connectivity must provide capabilities defined by ITU in IMT advanced. Potential & current applications comprise amended mobile IP telephony, gaming services, web access, high-definition mobile TV, video conferencing, and 3D television. Demand for 2G and 3G connectivity has drastically decreased during the period of time largely due to the rollout of 4G/LTE connectivity which is much faster.
Region-wise, Asia Pacific dominates the prepaid wireless service market with a share of more than 50% in 2017, followed by Europe with nearly 20% share. The dominating share in the Asia Pacific is mostly owing to tremendous growth in the adoption of smartphones among both millennial and older population. The APAC region has the largest population in the world which therefore makes it the largest market for prepaid wireless service. Countries in the APAC have an active base of smartphone users across all age groups. Additionally, the market for prepaid wireless service is increasing because of the continuous demand for affordable and flexible data and voice plans.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Prepaid Wireless Service Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Prepaid Wireless Service Market.
Scope of the Global Prepaid Wireless Service Market
Global Prepaid Wireless Service Market, by Connectivity
Global Prepaid Wireless Service Market, by Type
Global Prepaid Wireless Service Market, by Region
- North America
- Asia Pacific
- Middle East and Africa
- South America
Key players operating in the Global Prepaid Wireless Service Market
- Emirates Telecommunication Group,
- Axiata Group
- Bharti Airtel Limited
- China Mobile Communications Corporation
- América Móvil
- Sprint Corporation
- T-Mobile Internationa
- Vodafone Group
- Telstra Corporation
- Orange S.A
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