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Mobile Value-added Services Market Research Report |COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2023

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Shweta Raj
Mobile Value-added Services Market Research Report |COVID-19 Impact, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2023

In its research report, Market Research Future (MRFR), emphasizes that over the forecast period, the global Mobile Value-Added Services market 2020 is expected to expand rapidly, ensuring a significant market valuation of CAGR 309.1 billion and a healthy 15%.

Drivers and Restraints

The rising demand and ownership of smartphones has given the impression that mobile value-added services are being advertised right around the corner. Constant modification and optimization of services according to customer demand is expected to have a positive impact on telecom operators and service providers in the mobile value-added services sector , particularly in the education, advertisement, and IT and telecommunications industry. During the forecast era, mobile value-added services are projected to experience substantial growth in all the industrial verticals. Increasing smartphone ownership along with the growing need for personalized services are likely to be significant growth determinants in the coming years. The central concern of service providers has been providing customers with the latest developments in value-added services related to technology. Growing smartphone ownership along with increasing demand for personalized services are likely to be significant growth determinants in the coming years. The need by companies and customers for personalized value-added services is gaining momentum. Therefore, the mobile value-added services market is expected to experience growth during the forecast period.

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Segmental Analysis

The Global Mobile Value-Added Service Market has been segmented based on store, type, product, vertical, and country.

The mobile value-added services were segmented into short message service (SMS), speech, data, and value-added services (VAS), based on sort. The mobile value added service market, the year 2018, is dominated by SMS. Voice is the market's second-largest segment, and the VAS segment is projected to rise at the fastest CAGR.

The market was classified, based on category, as mobile games, mobile music, mobile wallet, mobile shopping, mobile ads, email and IM, and others. Mobile music and gaming dominate the market for internet added value services in 2018.

The market is categorized according to the platform as Google Play, App Store, and others. The largest market share in 2018 was in the Google Play group. The App Store segment accounted for the second-largest market share in 2018, and the highest CAGR in the forecast period is expected to be reported.

The mobile value-added services sector was divided up vertically into media & entertainment, banking, financial services, and insurance (BFSI), education, retail, government, IT & telecommunications, and others. All these vertical industries deploy mobile added value services.

Regional Analysis

The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.

North America is the world leading region for mobile value-added services in terms of market share. The expansion of the market is attributed to the presence of many mobile value-added service providers offering their services to the companies / verticals.

In 2018 Europe was the second-largest mobile value-added services market. Europe was divided into United Kingdom, Germany, France and the rest of Europe. The UK is predicted to gain the highest market share according to the MRFR report, followed by Germany, France and the rest of Europe. Some of the other factors responsible for the growth of the market include a rise in the number of companies / verticals that make use of various mobile value-added services. Mobile Value-Added Services are being used increasingly by companies in vertical IT and telecommunications, retail and BFSI in Europe today.

Competitive Analysis

The key market players operating in the global market as identified by MRFR are MyRepublic Limited, IPROTECH, Singtel, InMobi Pte. Ltd, Vodafone Group PLC, OnMobile Global Limited, CALLUP, Kongzhong Corporation, Stonehenge Telecom, Symsoft, Comviva, Giesecke+Devrient Mobile Security GmbH, Streamwide SA, TelcoVas, and Sangoma Technologies.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/mobile-value-added-services-market-2969

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.

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Market Research Future

Phone: +1646 845 9312

Email: [email protected] 

 

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