Press release
Mobile Value Added Service Market is projected to rise at a CAGR of 14.9% through 2034
Mobile Value Added Service Market
Intense competition among smartphone manufacturers has led to reduced prices, consequently driving up the adoption of mobile phones in emerging economies with lower-income demographics. This trend is particularly advantageous for the mobile value-added service market.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9273
Top Companies are
Alphabet Inc., Amazon.com Inc., Apple Inc., Baidu Inc., Comverse Technology Inc., Gaana.com, Gemalto, Google LLC, InMobi, Kongzhong Corp, Mahindra Comviva, Mobily, One97 Communications Ltd., OnMobile, Vodafone Group Plc.
Market Segmentations
By Platform: Short Message Service, Interactive Voice and Video Response, Wireless Application Protocol, Unstructured Supplementary Service Data
By Application: Consumer, Enterprise, Network Provider
By Device Type: Mobile Phone, Tablet PC, Laptop or Data-Card, Others
By Vertical: BFSI, Media and Entertainment, Healthcare, Education, Retail, Government, Telecom and IT, Others
By Region: North America, Europe, Latin America, East Asia, South Asia and Oceania, Middle East and Africa
Technological advancements like virtual reality (VR), augmented reality (AR), and high-definition video streaming are critical for the progress of the mobile value added service market. The enhanced connectivity enables businesses to develop and offer better and more interactive MVAS offerings that elevate user experiences.
The increasing use of mobile value added services by enterprises to streamline communication with clients and customers is propelling market growth. Furthermore, mobile apps and services facilitate project management, boost employee collaboration, and enable data analysis.
Key Takeaways from the Mobile Value Added Service Market Study
The global mobile value added service market attained a value share of US$ 530.6 million in 2019.
East Asia is projected to account for a share of 36.5% in 2024. By 2034, the region is anticipated to acquire a market share of 38.4%. The regional market value is expected to reach US$ 1,352.7 million by 2034.
North America's market is estimated to attain a value of US$ 1,025.1 million by 2034. The region is projected to be led by the United States.
The wireless application protocol segment is projected to acquire a revenue share of 31.5% in 2024.
Network providers significantly contribute to the overall market for mobile value added services. The segment is anticipated to command a share of 62.9% in 2024.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=9273
Competitive Landscape
Leading market players are emphasizing the development of compact and cost-effective mobile value added services to gain more customers. Furthermore, active players in the mobile value added service market are attempting to attract additional customers. In addition to this, leading players in the market are focusing on inorganic growth strategies like strategic mergers and acquisitions, and collaborations with technology partners to enhance their offerings and reach.
Latest Market Developments
In 2023, Google unveiled a new range of AI-powered features in its translation application at its Paris virtual event. These new features consist of more contextual translation options with examples and descriptions, an augmented-reality translation feature via Google Lens, and a redesigned app for Apple's iOS operating system.
Deutsche TeleKom, Ericsson, and Samsung, in June 2021 successfully executed a 5G end-to-end (E2E) network slicing pilot. This trial was conducted on Samsung S21 commercial equipment, which is combined with Virtual Reality headset at Bonn lab of Deutsche Telekom.
The network provider's market share is poised to ascend, projected to increase from 62.9% in 2024 to 63.3% by 2034, with an impressive Compound Annual Growth Rate (CAGR) of 14.9%. The segment is forecasted to achieve a substantial market valuation of US$ 2,229.8 million by 2034.
This growth is fueled by the escalating adoption of Mobile Value-Added Services (MVAS) by network providers. They leverage MVAS to fortify customer relationships, reduce acquisition costs, and mitigate customer churn rates, contributing significantly to the segment's expansion.
Simultaneously, the enterprise segment is expected to experience robust growth with a CAGR of 14.6% through 2034. The surge is driven by a growing number of enterprises integrating MVAS to enhance operational efficiency and customer engagement. Utilizing MVAS, enterprises seek to improve communication, receive real-time updates, personalized offers, and transaction notifications.
Read More - https://www.globenewswire.com/news-release/2024/01/08/2805254/0/en/Mobile-Value-Added-Service-Market-Growing-at-14-9-CAGR-to-Reach-US-3-522-6-Million-by-2034-Fact-MR-Study.html
About Fact.MR
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Mobile Value Added Service Market is projected to rise at a CAGR of 14.9% through 2034 here
News-ID: 3473064 • Views: …
More Releases from Fact.MR
Gable Top Container Market is Projected to Evolve at a CAGR of 3.2% through 2033
Worldwide sales of gable top containers are estimated at US$ 3.3 billion in 2023 and are expected to reach US$ 4.52 billion by the end of 2033. Fact.MR predicts the global gable top containers market to rise at 3.2% CAGR over the next ten years.
The gable top container market encompasses a variety of packaging solutions primarily used in the food and beverage industry. Gable top containers are characterized by their…
Automatic Number Plate Recognition Market is likely to be valued at US$ 10.4 Bil …
The global automatic number plate recognition market was valued at US$ 3.1 billion in 2021 and increased to US$ 3.5 billion in 2022. Over the assessment period of 2022-2032, the demand is projected to grow at a robust CAGR of 11.5%, reaching an estimated US$ 10.4 billion by the end of the forecast period.
Download Sample Copy of This Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=7230
The Automatic Number Plate Recognition (ANPR) market has seen significant growth…
Cat Litter Box Market Sales are Forecasted to Increase at 4.8% CAGR through 2034
According to Fact.MR, a market research and competitive intelligence provider, the global cat litter box market is valued at US$ 1.8 billion in 2022 and is projected to grow at a CAGR of 4.8% from 2022 to 2032.
For Critical Insights on this Market, Request for More Info at,
https://www.factmr.com/connectus/sample?flag=S&rep_id=6085
The increasing cat ownership worldwide, particularly among working professionals and younger demographics, is driving the demand for cat litter boxes. The convenience offered…
Hardware Acceleration Market is Forecasted to Reach US$ 177 billion by 2033
According to a newly published research report by Fact.MR, a market research and competitive intelligence provider, the global hardware acceleration market is valued at US$ 2.87 billion in 2023. The worldwide demand for hardware acceleration is expected to grow at an impressive CAGR of 51% through 2033, driven by the increasing adoption of various data accelerators across a diverse range of enterprises.
Hardware acceleration offers numerous benefits, including lower latency, reduced…
More Releases for Mobile
Asia - Mobile Infrastructure and Mobile Broadband
Bharat Book Bureau Provides the Trending Market Research Report on "Asia - Mobile Infrastructure and Mobile Broadband" under Telecom category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Executive Summary
Leading Asian nations prepare for 5G rollouts
Asia’s mobile subscriber market is now witnessing moderate growth in a fast maturing market. Whilst there are still developing markets continuing to grow their mobile subscriber base at…
Mobile Virtual Network Operator (MVNO) Market 2019 Growth Trends by: LEBARA GROU …
The global mobile virtual network operator (MVNO) market was valued at USD 54.1 billion in 2017. The market is expected to register a CAGR of 8.8% during the forecast period, 2018-2023. Mobile virtual network operators (MVNO) are those who resell data and voice services with more flexible plans and lower prices. MVNO’s do not have their own infrastructure and own spectrum. However, they purchase minutes of use (MOU) from mobile…
Mobile Virtual Network Operator (MVNO) Market Analysis by Top Key Players Tracfo …
The mobile virtual network operator (MVNO) is also referred to as the mobile other licensed operator (MOLO), or the virtual network operator (VNO), is the remote service of communication which does not claim the remote network infrastructure on which it gives the customer the services.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/2835705?utm_source=RK&utm_medium=OPR
The MVNO goes into the business agreement with the mobile network operator for acquiring more access to…
Mobile Virtual Network Operator (MVNO) Market Comprehensive Study 2018: Boost Mo …
Global Mobile Virtual Network Operator (MVNO) market report provides a thorough synopsis on the study for market and how it is changing the industry. The data and the information regarding the industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. Mobile Virtual Network Operator (MVNO) Market report includes historic data, present market trends,…
Asia - Mobile Infrastructure And Mobile Broadband
Asian mobile broadband market continues to grow strongly
With 3.9 billion mobile subscribers and over 50% of the mobile subscribers in the world, spread across a diverse range of markets, the region is already rapidly advancing in the adoption of mobile broadband services. Mobile broadband as a proportion of the total Asian mobile broadband subscriber base, has increased from 2% in 2008 to 18% in 2013, 27% in 2014, 33% in…
Mobile Money Market Trends, Public Demand and Worldwide Strategy - Mobile Commer …
The mobile money market report provides an analysis of the global mobile money market for the period 2014 – 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the mobile money market over the forecast period. It…
