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Global Mobile Value-added Services (VAS) Market to Gain $1,464.1 Billion and Rise at a Growth Rate of 15.3% from 2020 to 2027 - Exclusive Report [229 pages] by Research DiveThe global mobile value-added services (VAS) market to experience upsurge during the Covid-19 crises. Rise in social networking applications is aiding the growth of the global mobile value-added services (VAS) market during the estimated timeframe. NEW YORK, April 12, 2021 /PRNewswire/ -- As per a latest report studied by Research Dive, the Global Mobile Value-Added Services (VAS) Market is anticipated to generate a revenue of $1,464.1 billion by 2027, increasing from $479.0 billion in 2019, at a significant growth rate of 15.3% during 2020-2027 timeframe.  Request to Download FREE Sample Report [80 pages] https://www.researchdive.com/download-sample/5055 Covid-19 Impact on the Mobile Value Added Services Market Mobile value-added services (VAS) industry is enhancing during the coronavirus crises across the globe. Social distancing norms initiated by the government pushed people towards mobile VAS such as video calling, contactless payment methods, and online grocery shopping. Home quarantine and lockdown measures have augmented telecommunication services like VAS for people's entertainment and knowledge purposes. All these aspects are responsible for the market growth during the pandemic. Get Access to COVID-19 Impact analysis Report. Factors Impacting the Growth of the Mobile Value-added Services Market Rise in social networking applications such as Facebook and Hangouts is aiding the growth of the mobile VAS market worldwide during the estimated timeframe. Moreover, upsurge in the utilization of mobile web and applications for entertainment, gaming, and communication is anticipated to fuel the market growth. However, lack of privacy is a major challenge faced by the mobile VAS and this aspect is expected to hinder the market. Nevertheless, exponential rise in the digitization is likely to create promising opportunities in the market. Market Segmentation The report classifies the market into segments based on solution, end-user, vertical type, and region.
The Asia-Pacific region industry is estimated to surpass $455.8 billion by 2027, rising from a market share of $153.9 billion in 2019, at a CAGR of 14.9% during the forecasted years. The rising prevalence of smartphones in countries such as India and China is predicted to fuel the mobile VAS market in the estimated timeframe. Top 10 Key Market Players and Recent Developments in Mobile Value-added Services Market Some of the significant market players are
Market players prefer inorganic growth strategies to expand into local markets. Mobile value-added service market players are emphasizing more on merger & acquisition and advanced product development. For instance, in April 2020, Vodafone, a telecommunications company, launched introduced 3 new plans for is VAS. These plans are available for the Mumbai circle only, costing INR 47, 67, and 78 and include validity benefits and caller tunes. - Inquire and Get Quick Access to Top Companies Development Strategies Summary Report [80 pages] More about Mobile Value-added Services: 7 Mobile Value-added Services (VAS) Provided by Telecoms that You Might Have Missed Out On Trending reports in Software and Wireless industry: 1. Wi-Fi Analytics Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample TOC 2. WiFi as a Service Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample TOC 3. Wireless Audio Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample TOC 4. WAN Optimization Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 – Request to Download Sample TOC About Research Dive Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge. Contact: Mr. Abhishek Paliwal Logo: https://mma.prnewswire.com/media/997523/Research_Dive_Logo.jpg
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