The mobile value-added services market is expected to grow by 2030. will reach 2,226.1 billion USD: Allied Market Research | Techy Kings

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The growth of the global value-added services market for mobile phones is driven by the growth in the number of smartphone and tablet users worldwide, the rapid growth of digitization and consumer adoption technologies, the increase in the use of mobile applications, and innovation in the field of telecommunications. In terms of region, the Asia Pacific market will remain dominant in terms of revenue during the forecast period.

Portland, OR, 2022 November 18 (GLOBE NEWSWIRE) — According to a report released by Allied Market Research, the global mobile value-added services markets in 2021 earned 658.5 million USD, and by 2030 will reach 2,226.1 billion USD, and in 2022-2030 CAGR will reach 14.2 percent. The report provides a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape. , and the competitive scenario. The report is a useful source of information for leading market players, new market entrants, investors and stakeholders to develop future strategies and take measures to strengthen their market positions.

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Notice of coverage and details:

Notice of coverage

Details

Forecast period

2022-2030

Base year

in 2021

Market size in 2021

658.5 billion dollars

Market size in 2030

2,226.1 billion dollars

CAGR

14.2%

Number of pages in the report

320

Covered segments

Solution, End User, Vertical and Region

Drivers

The growth of smartphone and tablet users.

Rapid growth in digitization and consumer adoption of technology.

High adoption of mobile apps and mobile web and higher return on marketing spend.

Possibilities

Implementation of 4G and 5G network services and innovations in the telecommunications sector.

Constraints

There is a lack of government initiatives and limited ability to identify customers for services that involve sharing sensitive data such as payments.

Covid-19 scenario:

  • The outbreak of the COVID-19 pandemic had a positive impact on the mobile value-added services market. Due to social distancing norms, many people have become aware of apps that allow them to buy groceries online. As a result, more people chose to pay by phone instead of cash or credit cards when shopping.

  • During the pandemic, mobile value-added services have been used by financial institutions, governments, education systems and healthcare providers to provide various services to people affected by COVID-19.

  • The MVAS messaging ecosystem allowed citizens to use multiple mobile channels to book appointments for COVID-19 tests and other services, while healthcare professionals were able to send real-time public health messages.

The report provides detailed segmentation of the global mobile value-added services market based on solution, end-user, vertical and region. The report provides an analysis of each segment and subsegment with the help of tables and figures. This analysis helps market participants, investors and new market entrants to identify sub-segments that will be used for growth in the coming years.

According to the decision, the short message service (SMS) segment in 2021 was the largest and accounted for almost a fifth of the global mobile value-added services market. However, the mobile money segment is estimated to dominate the market in terms of revenue with the highest CAGR of 15.5% during the forecast period.

On the basis of end user, the large enterprise segment in 2021 was the largest and accounted for more than half of the global value-added mobile services market. However, the SME segment is estimated to dominate in terms of revenue with the fastest CAGR of 17.2% during the forecast period.

By vertical, the government segment in 2021 held the largest market share of more than a fifth of the global mobile value-added services market. However, the telecom and IT segment is likely to achieve incremental revenue growth and the fastest CAGR. 15.1% by 2030

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On the basis of region, Asia Pacific market in 2021 was the largest and accounted for nearly one-third of the global mobile value-added services market share and is likely to maintain its leadership status during the forecast period. However, it is expected that in 2022-2030 The European market will achieve the highest CAGR of 14.7%. Other regions analyzed in the study include North America and LAMEA.

Key players in the global mobile value-added services market analyzed in the study include Mozat Pte Ltd., Apple Inc., Vodafone Group plc, Samsung Electronics Co. Ltd., Reliance Industries Ltd., Huawei Investment & Holding Co. Ltd., OnMobile Global Limited, Comviva Technologies, Alphabet Inc. and One97 Communications.

The following key players in the global mobile value-added services market are analyzed in the report. These players have adopted various strategies such as expansions, new product launches, partnerships and others to increase their market penetration and strengthen their position in the industry. The report helps each market participant identify business performance, operating segments, product portfolio and developments.

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About us

Allied Market Research (AMR) is a division of Allied Analytics LLP, a full-service market research and business consulting firm based in Portland, Oregon. Allied Market Research provides global companies as well as medium and small businesses with unmatched qualityMarket research reportsand Business Intelligence Solutions. AMR’s goal is to provide business insights and consulting to help our clients make strategic business decisions and achieve sustainable growth in their respective market areas.

We maintain professional corporate relationships with various companies and this helps us to extract market data which helps in generating accurate research data tables and confirms the highest accuracy of market forecasting. Pawan Kumar, CEO of Allied Market Research, helps inspire and motivate everyone associated with the company to maintain high data quality and help clients succeed in every way possible. All the data presented in our published reports are taken through primary interviews with the most senior executives of the companies in the respective field. Our secondary data acquisition methodology involves extensive online and offline research and discussions with knowledgeable professionals and analysts in the field.

CONTACT: Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com/reports-store/information-and-communication-technology-and-media Follow Us on Blog: https://www.technologyplz.com/

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