Mobile Value-Added Services Market Overview:
The global Mobile Value-Added Services (MVAS) Market is projected to reach USD 733.83 billion by 2030, growing at a CAGR of 14.30% during the forecast period 2022-2030. The increasing penetration of smartphones and tablets, rising demand for entertainment content, and mounting adoption of location-based services are some of the key factors driving the growth of the market.
Market Players:
Some of the key players operating in the global MVAS market include:
- AT&T Inc.
- China Mobile Limited
- Deutsche Telekom AG
- Google Inc.
- IBM Corporation
- Microsoft Corporation
- Orange SA
- SK Telecom
- Vodafone Group Plc
- Verizon Communications Inc.
These players are focusing on developing innovative MVAS and expanding their reach to new markets to gain a competitive edge in the market.
Market Segmentation:
The global MVAS market share is segmented by product, solution, vertical, and region. By product, the market is segmented into mobile games, mobile music, mobile movies, mobile wallpapers, mobile coupons, mobile advertising, mobile navigation, mobile social networking, and others. The mobile games segment is expected to lead the market during the forecast period, owing to the increasing popularity of mobile gaming.
By solution, the market is segmented into short messages (SMS), multimedia messages (MMS), mobile email, mobile money, location-based services, and others. The SMS segment is expected to lead the market during the forecast period, owing to its widespread adoption by consumers.
By vertical, the market is segmented into IT & telecom, government, banking & finance, retail, education, media & entertainment, and others. The IT & telecom segment is expected to lead the market during the forecast period, owing to the increasing adoption of MVAS by telecom service providers.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market during the forecast period, owing to the increasing penetration of smartphones and tablets, rising demand for entertainment content, and mounting adoption of LBS in the region.
Get Free sample Report: https://www.marketresearchfuture.com/sample_request/2969
Market Drivers:
- Increasing Penetration of Smartphones and Tablets: The increasing penetration of smartphones and tablets is one of the key factors driving the growth of the MVAS market. Smartphones and tablets offer a wide range of features and functionalities, which has led to their increasing adoption by consumers across the globe. This has created a large pool of potential users for MVAS, as these services can be easily accessed on smartphones and tablets.
- Rising Demand for Entertainment Content: The rising demand for entertainment content is another key factor driving the growth of the MVAS market. Consumers are increasingly looking for ways to entertain themselves on the go. MVAS such as mobile games, mobile music, and mobile movies offer a wide range of entertainment options to consumers. This has led to the increasing adoption of MVAS by consumers.
- Mounting Adoption of Location-Based Services: The mounting adoption of location-based services (LBS) is also driving the growth of the MVAS market. LBS provide users with information and services based on their location. This information can be used for a variety of purposes, such as finding nearby restaurants, getting directions, and tracking the movement of friends and family. The increasing adoption of LBS has led to the increasing demand for MVAS such as mobile coupons, mobile advertising, and mobile navigation.
Key Trends:
Some of the key trends in the global MVAS market include:
- Increasing adoption of mobile commerce: The increasing adoption of mobile commerce is one of the key trends in the MVAS market. Mobile commerce refers to the buying and selling of goods and services through mobile devices. The increasing adoption of mobile commerce is driving the demand for MVAS such as mobile payments, mobile coupons, and mobile advertising.
- Growing popularity of social media: The growing popularity of social media is another key trend in the MVAS market. Social media platforms such as Facebook, Twitter, and Instagram are used by billions of people around the world to connect with friends and family, share news and information, and express their opinions. The growing popularity of social media is driving the demand for MVAS such as mobile social networking, mobile advertising, and mobile gaming.
- Emergence of new technologies: The emergence of new technologies such as artificial intelligence (AI), big data, and the Internet of Things (IoT) is also expected to drive the growth of the MVAS market. These technologies are being used to develop new and innovative MVAS, such
Related Reports:
Business Process as a Service Market Research Report- Global Forecast to 2030
IoT in Automobile Market Research Report- Global Forecast to 2030
Conclusion:
The global MVAS market is expected to grow at a significant CAGR during the forecast period. The growth of the market is being driven by several factors, including the increasing penetration of smartphones and tablets, rising demand for entertainment content, and mounting adoption of location-based services. The market is also expected to be driven by the growing demand for customized MVAS and the increasing adoption of mobile commerce.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: [email protected]
Website: https://www.marketresearchfuture.com
