Global Mobile Value Added Services Market Growth 2024, Forecast To 2033
22 Feb, 2024
The mobile value-added services market has grown rapidly from $875.55 billion in 2023 to $982.1 billion in 2024, with a 12.2% CAGR. Historic growth is attributed to mobile penetration and app ecosystem development. The forecast predicts growth to $1621.73 billion in 2028, driven by IoT and mobile health services.
Global Mobile Value Added Services Market Key Driver
The mobile value-added services market is expanding with the growing number of smartphone customers globally. Increased smartphone ownership, rising income levels, and growing subscriptions to social media drive the demand for mobile value-added services. The market is expected to grow as smartphone ownership continues to rise globally.
Get A Free Sample Of The Global Mobile Value Added Services Market ReportGlobal Mobile Value Added Services Market Segments
The mobile value added services market covered in this report is segmented –
1)By Solution: Mobile Advertising, Location-Based Services, Mobile Infotainment, Mobile Email & IM, Short Messaging Service (SMS), Multimedia Messaging Service (MMS), Mobile Money, Other Solutions
2)By Store: Google Play, App Store (iOS), Other Stores
3)By End-user: Individual, Enterprise
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the mobile value-added services market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the mobile value added services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Mobile Value Added Services Industry Players
Apple Inc.; OnMobile Global Limited; Google LLC; AT&T Inc.; Vodafone Idea Limited; Verizon Communications Inc.; China Mobile Limited; Reliance Jio Infocomm Limited; Bharti Airtel Limited; Spice Digital Limited; Comverse Technology Inc.; One97 Communications Ltd; Kongzhong Corp.; InMobi; America Movil SAB DE CV; Cisco Systems Inc.; Comviva Technologies Ltd.; Huawei Technologies Co. Ltd.; Monty Mobile; Reliance Industries Limited; Axiata Group Berhad; Telefonica S. A.; MTN Group Limited; NTT DOCOMO INC.; SK Telecom Co. Ltd.; SoftBank Group Corp.; Telstra Corporation Limited; Zain Group; Deutsche Telekom AG; Saudi Telecom Company
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Mobile Value Added Services Market Overview
Mobile value-added services refer to those services that telecom service companies give to customers in addition to their main SMS, voice, and data services. The services can be either free or pay-for-use. VAS are mostly used in the entertainment, e-commerce, sports, and other industries.
Mobile Value Added Services Global Market Report 2023 provides data on the global mobile value added services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The mobile value added services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.