Mobile Value-added Services Market 2021 Manufacturer Analysis, Technology Advancements, Industry Scope and Forecast to 2028


News provided by

Shibuya Data Count

Jan 16, 2022, 23:56 EST


Shibuya-ku, Tokyo, Japan, Japan, Jan 16, 2022, 23:56 /Comserve / -- As per analysis by Research Dive, the global mobile value-added services market was valued at $479.0 billion in 2019, and is projected to reach $1,464.1 billion by 2027, at a CAGR of 15.3%.

Impact Analysis of COVID-19 on the Global Mobile Value-added Services Market:

The coronavirus pandemic has had a positive impact on the growth of mobile value-added services market. Owing to COVID-19, majority of the countries followed a complete shutdown which increased stay-at-home orders and as a result, increase in the usage of mobile value-added services and solutions. For instance, the mobile value-added services like video calling services have also increased as a result of the contactless measures undertaken by the government bodies to minimize the spread of coronavirus. In addition to this, people are choosing to pay with their phones instead of touching cash or credit cards. As a result, the mobile value-added services (VAS) market will witness a positive impact during the forecast period owing to the widespread growth of the coronavirus pandemic.

Download Sample PDF Of This Report:- https://www.sdki.jp/sample-request-114203

Global Mobile Value-added Services Market Analysis:

Increase in the usage of mobile applications and mobile web is one of the major factors driving the growth of the mobile value-added services market. Increase in the social networking applications and mobile payments is helping support the mobile value-added services market size. Rising demand for entertainment services on mobile software’s is also a key-trend being witnessed in the mobile value-added services market, thereby resulting in the growth of online video content, live TV shows & events and localized vernacular content. These are few factors driving the growth of the mobile value-added services.

Lack of privacy is the key challenge faced by mobile value-added service market. With the increase in technological advancements and new innovations, it is important to safeguard the data and information. Lack of government initiatives and limited ways of consumer authentications for the services that involve exchange of sensitive information such as payments may also limit the markets growth.
Mobile value-added services are the additional features provided by the service operators at a premium to their customers along with other voice communication services. Increase in the usage of mobiles, smartphones and tablets along with the rollout of technologies like 4G and 5G network services in the market has created significant opportunities for the mobile value-added service providers.

On the basis of solution, mobile value-added services are segmented into short messaging service (SMS), multimedia messaging service (mms), location-based services, mobile email & instant messaging, mobile money, mobile advertising, and mobile infotainment.
The short messaging service (SMS) segment was the highest contributor to the market, with $94.1 billion in 2019, and is estimated to reach $265.7 billion by 2027, at a CAGR of 14.2% during the forecast period.

On the basis of end-user, mobile value-added services are bifurcated into small & medium businesses and large enterprises.

The large enterprises segment was the highest contributor to the market, with $286.6 billion in 2019, and is estimated to reach $715.0 billion by 2027, at a CAGR of 12.4% during the forecast period.

On the basis of vertical type, mobile value-added services are segmented into BFSI, Media & Entertainment, Healthcare, Education, Retail, Government, Telecom & IT, and Others.

The government segment was the highest contributor to the market, with $104.4 billion in 2019, and is estimated to reach $289.7 billion by 2027, at a CAGR of 14.0% during the forecast period.

Based on geographical scope, the market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific market was the highest revenue contributor, accounting for $153.9 billion in 2019, and is estimated to reach $455.8 billion by 2027, with a CAGR of 14.9%. The increasing prevalence of smartphones in emerging economies such as China and India are driving the APAC MVAS market. Additionally, the reduced smartphone prices due to increased competition among manufacturers and service providers are further expected to expand the consumer base and thereby aid the mobile value-added services market.

Download Sample PDF Of This Report:- https://www.sdki.jp/sample-request-114203

Some of the significant mobile value-added service market players are Mozat, Apple Inc., Vodafone Group plc, Samsung Electronics Co. Ltd., Reliance Industries Ltd., Huawei Investment & Holding Co. Ltd., Onmobile Global Limited, Comviva Technologies, Alphabet Inc., and One97 Communication.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


For more information, please contact:

Lauren Brown

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159

Related Links
https://www.sdki.us/



Also from this source



Egg Protein Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2025

The report predicts the global egg protein market to grow with a CAGR of 4.5% over the forecast peri