What MVNO Owners Need to Know About 5G

To keep your Mobile Virtual Network Operator (MVNO) relevant and noteworthy at all times, you always need to be keeping up with the latest mobile trends. Outdated services and offerings will quickly begin to lose you subscribers as consumers are always seeking the “next big thing”.

Said “next big thing” in question here is undoubtedly 5G technology as it has created quite a buzz around the mobile spectrum as of late. For the owner of an MVNO, the vital question becomes ‘how is this going to impact your network and what are the key details that you need to be conscious of?’

There is Potential for 5G Technology to Completely Change the Game

As for what 5G technology is, it is simply the latest wireless network generation. In addition to offering vastly improved speeds, 5G also has the capability of minimizing latency issues. Additionally it is going to enhance flexibility, as it allows for more devices to be connected simultaneously.

Those in the mobile industry have even gone as far as to claim that 5G could be one of the most influential and groundbreaking technologies seen in years. Before long, it will become the standard, and inferior networks will fade out.

Its Availability is Currently Limited

As it stands currently, 5G is not widely available across the major carriers. This is likely to change, as the year 2020 is set to be a monumental one regarding the rise of the 5G technology. It is not as if everyone can get their hands on the improved network; it is a bit more complicated than that.

The true reality is that the full potential of 5G is probably not going to be reached for the next few years. That said the global 5G innovation is going to be making more of an impact than some MVNOs will be ready for.

Current MVNOs are Planning to Offer 5G

One of the potential roadblocks your MVNO network is going to experience is if and when you can get your hands on 5G technology. The carrier or carriers you offer coverage from are going to initially offer their new groundbreaking network to some of their larger partnerships.

The good news is there are smaller brands that are intending to provide 5G-based services. Several MVNO owners have gone on record to claim that their platform would be delivering such experiences to their consumers.

All this news wraps up to the reality that your Wireless MVNO needs to account for the various demographics of users that are itching to utilize such network speeds. 4G is far from extinct but you need to act fast as before you know it, the standard will be changed to the 5G network.

Additionally, one must consider which Mobile Virtual Network Enabler (MVNE) you do business through. At Telgoo5 we fully understand that the market changes and adapts oftentimes quicker than you can handle. With our constantly evolving platform and software, contact us today to connect with an enabler you can rely on.

Key Features of using MVNOs

When it comes to MVNOs, there are many options to consider, not the least of which are the features offered by the MVNO. Knowing what features are available and what is in demand is essential in making the best decision for your needs. The following are some key features to look for when using an MVNO.

What is an MVNO?

Before discussing the key features one should be looking for when using an MVNO, it is essential that you understand what an MVNO is and what it does. Mobile virtual network operators (MVNOs) are phone carriers that offer phone services generally at lower cost than what you find with the big-name phone companies. These smaller carriers have contracts with big companies that allow them to utilize their service areas.

The MVNO then offers these areas to customers through plans that are generally more accessible and cost effective than utilizing services directly through the big company. Many of these plans include prepaid services that are customizable to fit specific needs and wants. This customization translates into the customer being able to decide which services they truly want to pay for and which ones they don’t. These decisions often allow users to pay less than they would with other larger phone companies by only paying for what they need.

What Features Should You Be Looking For?

Now that we have discussed what exactly an MVNO is, it is time to discuss the features you should be looking for from your provider. One big reason for choosing an MVNO over a big phone company is flexibility. Partnering with the right MVNO will offer you a plan that is customizable to fit your needs and budget. This flexibility allows you to be in control of what you spend and how often you spend it. Your MVNO’s features should also include real-time billing, which will enable you to see and control your usage and expenditures in real-time, not after you have already gone over and have no way of going back.

The coverage area is another feature to pay attention to. Just because a company works with a carrier that features service in your area, does not mean the MVNO will have service in your area. It is essential that you choose an MVNO that provides coverage in your desired area. Finding a company that works with more than one of the big-four carriers will give you better access to coverage areas where ever you need to be.

One final consideration when it comes to features is whether or not you have access to the elements for your device. In other words, will your phone work with your service, are hot spots available, do you have enough data and can it be increased when needed or decreased when not utilized. Each of these will be vital in receiving the service expected from your MVNO.

Choosing the Right MVNO for Your Needs

Now that you are aware of what to look for, you are probably wondering how to find the right MVNO for your needs. The team you choose needs to offer all of the features listed above and many more. When you decide to partner with Telgoo5 supported MVNO for your phone needs, you will get the reliability you need with the flexibility you desire. MVNOs partnered with Telgoo5 offers plans that are customized for you, real-time billing, and through Telgoo5’s partnerships and integrations with the major phone companies and vendors, all of your needs are easily within reach.

5 Key Trends in MVNO Service Providers

New research shows that by 2025 the global MVNO service market will reach about $95 billion, growing annually at 7.6 percent. The continued growth in mobile users worldwide and the rise in demand for data services has created a large market opportunity for MVNO providers. The expansion of services, such as mobile cash, M2M (machine to machine) and cloud is driving the demand further for MVNOs.

Here are five evolving trends that MVNO operators should recognize in order to enhance their scope of services industry-wide.

Innovators will Seize Leadership

While there is going to be a market for the conventional MVNOs for the type of consumer-oriented services they provide, innovation will create new challenges and lead to the emergence of new market leaders. MVNO network connectivity is no longer the critical differentiator. The new model of connectivity and a gamut of packaged offerings must now center around data-driven capabilities, vertical integration, super specialization, and improved customer experience.

Moving Data to Deliver Superior Customer Value

Unlike the traditional MVNO mobile model, the new model will focus on moving data in ways that provide greater value for customers, both individuals and businesses. Process automation could assist in moving of the data. It could move from business to consumer, consumer to business, or machine to machine – to and from multiple endpoints, delivering useful information and driving targeted actions.

Focus on Niche Market Segments and Specific Value Propositions

MVNOs are increasingly recognizing the need to offer customized value propositions for targeted client segments. This allows them to widen the subscriber base by bringing new segments without diluting the brand focus of the host operator network. In a sense, the MVNO serves as the operator’s “sub-brand” to enable them to provide mobile services to wider and diverse populations.

Service offerings of MNVOs are moving away from voice and text and becoming increasingly data-centric. Some are even trying to differentiate their value propositions by integrating with other products and services, such as enterprise cloud or gaming.

Technology Enablers to Expand MVNO Opportunity

Cutting-edge technology enablers are set to drive unprecedented market opportunities for MVNO providers. These include:

• e-SIMs

• NFV and SDN (Network Function Virtualization and Software Defined Networks)

• Artificial Intelligence (AI) and Machine Learning (ML) with data analytics

• Blockchain

• Edge Computing

These technologies will support more personalized services for customers, help provide data related to IoT device performance, apart from boosting reliability and efficiency in areas such as supply chain management, mobile banking, mobile payments, and microloans.

Next Generation MVNOs will be Enabled with 5G

Network slicing getting enabled through 5G deployment is likely to be another game changer for MVNOs. A new breed of MVNO service providers will emerge with a focus on verticals offering AI, big data, and cloud solutions, creating new opportunities for enterprises looking to take advantage of these advanced technologies.

Telgoo5 is Here to Help!

Whether you are an MVNO/MVNE or looking to launch one, Telgoo5 has the perfect solutions to augment your business. For any inquiries you can send us an email at sales@vcaremail.com or contact us online.