PUBLISHER: Value Market Research | PRODUCT CODE: 1547579
PUBLISHER: Value Market Research | PRODUCT CODE: 1547579
The global demand for Mobile Value Added Services Market is presumed to reach the market size of nearly USD 2230.89 Billion by 2032 from USD 897.26 Billion in 2023 with a CAGR of 10.65% under the study period 2024-2032.
Mobile value-added services are those services that are non-core that offer by telecom service providers. All the services except voice calls, SMS, and data are considered as mobile value added services. These services act as an additional service for the mobile subscribers to use their mobile phones to allow the operator to improve their average revenue per user. There are different groups of mobile value added services, including video search, utility VAS, social networking, infotainment, and m-Education. These services are something extra services offered by an operator to their customer either at free or at an additional charge. Operators consider it as a possible source of extra revenue generation or features intended to create a strong bond with the customer.
The market is mainly driven by the growing penetration of smartphones, high internet penetration across the globe. Rising disposable income, a swiftly increasing number of internet users, and competition among the telecom operators and handset manufacturers to acquire a competitive edge are other factors expected to drive the mobile value added services market. Also, the growing demand for mobile devices coupled with increasing dependability on the Internet is estimated to drive the growth of the market. Further, the increasing demand for entertainment services and the introduction of 4G and 5G network services are some significant factors expected to boost the growth of the market. However, the growth of the mobile Internet and smartphones made it feasible for customers to get better these services from the Internet either with a cost or at no cost, which may restrict the growth of the market. Thus, falling the mobile value added services revenues.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Mobile Value Added Services. The growth and trends of Mobile Value Added Services industry provide a holistic approach to this study.
This section of the Mobile Value Added Services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Mobile Value Added Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Mobile Value Added Services market include Apple Inc., Vodafone Group Plc, Bharti Airtel Limited, AT&T Inc., OnMobile, Spice Digital Limited, Comverse Technology Inc., One97 Communications, Google LLC, Kongzhong Corp, InMobi, China Mobile Ltd., Telkom SA SOC Limited, ZTE Corporation, Verizon Communications Inc., Teligent Telecom, TelefoNica, S.A., Comviva Technologies Limited, Etisalat, Deutsche Telekom AG, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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