Mobile Value-Added Services Market Is Expected to Reach

Portland, OR , Nov. 18 2022 (GLOBE NEWSWIRE) According to a report by the Market Research Group, the global. mobile value-added services market generated $658.5 million in 2021, and is estimated to reach $2,226.1 billion by 2030, a record CAGR of 14.2% from 2022 to 2030. The report provides a detailed analysis of market trends, top segments, key investment pockets, value chains, regional landscape, and market drivers. The report is an effective source of information for leading players, new entrants, investors, and stakeholders to devise future strategies and steps to strengthen their position in the market.

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Report coverage & details:

Report Coverage Details
Prediction period 2022-2030
base year 2021
Market Size in 2021 $658.5 billion
Market Size in 2030 $2,226.1 billion
CAGR 14.2%
No. of Pages in Report 320
Segments covered Solution, End-User, Vertical, and Region
Leaders The number of smartphone and tablet users is growing.
The rapid rise of digitization and the embrace of smart technologies.
High usage of mobile applications and mobile web and increased return on marketing spend.
opportunities Rollout of 4G and 5G network services and innovation in the field of telecommunication sector.
restrained Lack of enterprise governance and limited customer authentication capabilities for services that involve the sharing of sensitive information, such as payments.

Covid-19 virus:

  • The upheaval of the COVID-19 pandemic has had a positive impact on the mobile services market. In social distancing norms, many people have made applications that allow them to buy groceries electronically. So while shopping, more people chose to pay with their phones than using cash or credit.
  • During the pandemic, additional mobile services were used to provide a variety of services to financial institutions, governments, education systems and health care providers for people suffering from COVID-19.
  • The MVAS messaging ecosystem allowed citizens to use various mobile channels to book appointments for COVID-19 tests and other services, and allowed health practitioners to issue real-time public health notifications.
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The report provides a specific segmentation of the global value-added service market by solution, end-user, vertical and region. The report provides analysis of each segment and sub-segment with the help of tables and figures. This analysis helps the players, investors, and new entrants to determine the sub-segments tapped to achieve growth in the coming years.

Based on the solution, the short message (SMS) segment was the largest in 2021, accounting for almost a fifth of the global value added mobile services market. And the mobile money segment is estimated to dominate the market in terms of revenue and to witness the fastest CAGR of 15.5% during the forecast period.

From an end-user perspective, the segment was the largest in 2021, capturing more than half of the value of the global mobile services market. However, the SMB segment is estimated to dominate in terms of revenue and witness the fastest CAGR of 17.2% during the forecast period.

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From the vertical, the control segment captured the largest share of the market, accounting for more than a fifth of the value of the global mobile service market in 2021. The telecom and IT segment, however, is likely to achieve gradual growth and the fastest CAGR. of 15.1% by 2030.

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Based on the Asia-Pacific region, the market was the largest in 2021, accounting for nearly a third of the global value added service market share, and is likely to maintain its leadership position during the forecast period. However, the market in Europe is expected to manifest the highest CAGR of 14.7% from 2022 to 2030. Other regions analyzed in the study include North America and Latin America.

Leading players of the global mobile value-added services market in developing research include Mozat Pte Ltd., Lake Inc., Vodafone Group plc, Samsung Electronics Co Ltd., Trust Industries Ltd., Huawei Investment & Holding Co. Ltd. OnMobile Global Limited, Comviva Technologies, Alphabet Inc., One97 Communications.

The report analyzes these key players in the global mobile value added services market. These players have followed various strategies such as expansion, new product launch, partnerships, and others to increase their market penetration and strengthen their industry position. The report helps to determine the achievements, operating segments, product portfolio, and developments of each toy market.

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About us

Allied Market Research (AMR) is a full-service market research and consulting arm of Allied Analytics LLP in Portland, Oregon. Allied Market research provides global enterprises as well as medium and small businesses with exceptional quality”Market Research Reports“and Business Intelligence Solutions. “AMR has a targeted vision to provide business insights and consulting to help its clients make strategic business decisions and sustain growth in their respective market domains.

We are professional in our corporate relations with various companies and this helps us in digging up the market data which helps us to generate accurate research tables and ensures the most accurate forecasting in our market. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to provide high quality customer support information and support in every way possible to achieve success. Each and every piece of information in the reports published by us is extracted through primary interviews with senior officials from the primary ownership companies concerned. Our secondary data management methods include in-depth online and offline research and discussion with industry experts and analysts.


        

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