The Global Mobile Value-Added Services Market size is expected to reach $1652.9 billion by 2028, rising at a market growth of 14.4% CAGR during the forecast period.
Mobile Value-added Services (MVAS) comprises mobile services offered by wireless service providers in accordance to voice communication services. Owing to the MVAS, mobile subscribers could utilize smartphones and tablets for a number of non-voice purposes, including sending Short Message Service (SMS), mobile email & instant messaging, mobile advertising, Multimedia Messaging Service (MMS), location-based services, mobile money, and mobile infotainment.
Value addition is determined by its influence on sustaining market competitiveness by enhancing current services or goods. VAS is among the strategic projects in which telecom companies are investing, since it allows them to cross-sell additional services to their customers while increasing their share of wallet. In this manner, telecom firms may increase client retention and revenue production.
On competitive marketplaces, these services are incredibly important. In terms of revenue, for example, such services generate substantial income for telecom firms by allowing them to increase average revenue per user. Conversely, they allow operators to create consumer loyalty. Customers are drawn to businesses that provide more VASs. Additionally, these services make consumers pleased. And satisfied clients are more inclined to continue utilizing the services of a business. Consequently, these services play an important role in guaranteeing consumer pleasure and loyalty.
During the pandemic, the impact of COVID-19 on the mobile value-added services sector is beneficial. For instance, stay-at-home orders had made numerous individuals aware of programmes that let them to buy food online, and when they do visit a store, more people are electing to pay utilizing their phones rather than cash or credit cards. The MVAS messaging infrastructure enables individuals to schedule appointments for COVID-19 testing and other services via many mobile channels, and it allows healthcare practitioners to transmit real-time public health notifications.
Over-the-top (OTT) media services are getting more popular around the world. OTT platforms provide streaming audio and video across the Internet. The rising trend of consuming new material at cheap costs is driving the expansion of the mobile value-added services industry and promoting the growth of the OTT sector. Several OTT platforms are supplied by telecom operators as value-added services. Owing to the broadcasting of unique material, such platforms are extremely popular in the entertainment business, hence providing market participants with opportunity to acquire value.
In addition to traditional phone communication services, mobile value-added services are the unique capabilities that service providers offer to their consumers for a fee. Increased use of mobile devices, smartphones, and tablets, as well as the introduction of technologies such as 4G and 5G network services, has provided substantial prospects for mobile value-added service providers. In addition, the ongoing COVID-19 pandemic has increased digitalization and remote activities, and it is anticipated that this will create several chances for value-added services.
Absence of norms and regulatory framework for different market participants of mobile value-added services (MVAS) could restrict and prohibit the usage of mobile value-added services by consumers. With the proliferation of technical advances and new developments, it is crucial to protect the data and information of consumers of value-added services. The primary obstacle facing the mobile value-added service business is a shortage of protection.
Based on solution, the mobile value-added services market is segmented into SMS, MMS, Location based services, Mobile email & IM, Mobile money, Mobile advertisement, Mobile infotainment and Others. Mobile email & IM segment recorded a substantial revenue share in the mobile value-added services market in 2021. E-mails are crucial for corporations, since the majority of their activities are conducted via e-mails. Previously, corporations accessed e-mail via personal computers, but since the development of mobile e-mail, their productivity has grown as they can access e-mail at any time.
On the basis of end-user, the mobile value-added services market is bifurcated into SMEs and Large enterprises. The large enterprises segment acquired the maximum revenue in the mobile value-added services market in 2021. As the number of mobile phone users increases throughout the world, the need for mobile value-added services in major organizations is expanding significantly. Large corporations are utilizing mobile value-added services to reach clients who were previously inaccessible due to a shortage of physical infrastructure and the high cost of offering services in remote locations.
By vertical, the mobile value-added services market is divided into Media & Entertainment, Healthcare, Education, Retail, Government, Telecom & IT and Others. Telecom & IT segment acquired a substantial revenue share in the mobile value-added services market in 2021. In the modern day, telecommunication firms advertise value-added services (VAS) as premium features or extras to their main tasks. Despite the notion that such services can operate independently, this is in reality the situation.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 653.3 Billion |
| Market size forecast in 2028 | USD 1652.9 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 14.4% from 2022 to 2028 |
| Number of Pages | 279 |
| Number of Tables | 430 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Solution, End-User, Vertical, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
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| Restraints |
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Region-wise, the mobile value-added services market is analyzed across North America, Europe, Asia Pacific and LAMEA. Asia Pacific emerged as the leading region in the mobile value-added services market with the highest revenue share in 2021. The Asia-Pacific area has a large number of mobile phone users, and mobile phones are mostly used for entertainment purposes like news, mobile banking, and movies.
Free Valuable Insights: Global Mobile Value-Added Services Market size to reach USD 1652.9 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Google LLC, Samsung Electronics Co., Ltd. (Samsung Group), AT&T, Inc., Vodafone Group Plc, Reliance Industries Limited, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), One97 Communications Limited, Mozat Pte Ltd. and Comviva Technologies Limited (Tech Mahindra Limited) .
By Solution
By End User
By Vertical
By Geography
The global Mobile Value-Added Services Market size is expected to reach $1652.9 billion by 2028.
Increasing Demand for Over-the-Top (OTT) Platforms would boost the market are driving the market in coming years, however, Dearth of Guidelines for Mobile Value-Added Services restraints the growth of the market.
Apple, Inc., Google LLC, Samsung Electronics Co., Ltd. (Samsung Group), AT&T, Inc., Vodafone Group Plc, Reliance Industries Limited, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), One97 Communications Limited, Mozat Pte Ltd. and Comviva Technologies Limited (Tech Mahindra Limited).
The Government market has acquired maximum revenue in Global Mobile Value-Added Services Market by Vertical in 2021; thereby, achieving a market value of $475.3 billion by 2028.
The Short Messaging Service (SMS) market is leading the Global Mobile Value-Added Services Market by Solution in 2021; thereby, achieving a market value of $398.9 billion by 2028.
The Asia Pacific market dominated the Global Mobile Value-Added Services Market by Region in 2021; thereby, achieving a market value of $640.2 billion by 2028.
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