Global Mobile Value-Added Services Market

Mobile Value-Added Services Market Size, Share, Growth Analysis, By Platform(Short Message Service, Interactive Voice and Video Response, Wireless Application Protocol, and Unstructured Supplementary Service Data), By Vertical(BFSI, Media and Entertainment, Healthcare, Education), By Application(Consumer, Enterprise, and Network Provider), By Region - Industry Forecast 2024-2031

Report ID: SQMIG50B2026 | Region: Global | Published Date: April, 2024
Pages: 194 | Tables: 96 | Figures: 72

Mobile Value-Added Services Market News

In August 2023, Singtel, a renowned telecommunications company based in Singapore, announced the launch of new 5G plans for its users. These new plans also featured some unique value-added services at a bargain price.

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Mobile Value-Added Services Market size was valued at USD 286.89 billion in 2022 and is poised to grow from USD 327.92 billion in 2023 to USD 955.29 billion by 2031, growing at a CAGR of 14.3% in the forecast period (2024-2031).

Mobile value-added service providers should focus on mergers, collaborations, and acquisitions to amplify their market presence on a level. Personalization of mobile value-added services is also a key trend that is estimated to create new opportunities for mobile value-added services companies in the future. Mobile value-added services market players are also focusing on utilizing customer feedback data to improve their business scope on a level. 'OnMobile Limited', 'InMobi', 'Reliance Industries Ltd.', 'Comviva Technologies', 'Comverse Technology Inc.', 'One97 Communications', 'Mozat Pte Ltd.', 'Baidu Inc.', 'Huawei Investment & Holding Co. Ltd.', 'Apple Inc.', 'Mobily', 'Alphabet Inc.', 'Samsung Electronics Co. Ltd.', 'Gemalto', 'Kongzhong Corp.', 'Vodafone Group plc'

Sales of smartphones and mobile phones in general have reached new heights in recent years and this trend has resulted in increased mobile data usage as well. This increasing demand for mobile data is slated to drive mobile value-added services market development in the future.

Emphasis on Personalization: Mobile value-added service providers should focus on incorporating personalization in their offerings. Creating personalized mobile value-added services plan for customers and offering them at good discounts will also help mobile value-added services market expansion over the coming years.

Asia Pacific is estimated to dominate the mobile value-added services market across the forecast period. The presence of massive population, launch of advanced communication technologies, growing smartphone proliferation, and booming telecommunications industry are key factors that contribute to the dominance of this region. China, Japan, and India are forecasted to be the top markets for mobile value-added services providers in this region. Launch of 5G network is also slated to catalyze mobile value-added services demand outlook.

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Mobile Value-Added Services Market News

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