Global Mobile Value Added Services (MVAS) Strategic Analysis Report 2023-2030 - Robust Outlook for Location-Based Advertising Spurs Demand for Location-based MVAS
DUBLIN, Sept. 21, 2023 /PRNewswire/ -- The "Mobile Value Added Services (MVAS): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Mobile Value Added Services (MVAS) Market to Reach $2 Trillion by 2030
The global market for Mobile Value Added Services (MVAS) estimated at US$723.4 Billion in the year 2022, is projected to reach a revised size of US$2 Trillion by 2030, growing at a CAGR of 13.2% over the analysis period 2022-2030.
This robust growth is fueled by technological advancements, market diversifications and increased demand for wireless application protocols.
This comprehensive analysis covers various aspects, including short messaging services, interactive voice and video response, unstructured supplementary service data, and other platforms, offering insights into recent trends, historical data, and future forecasts.
Wireless Application Protocol, one of the segments analyzed in the report, is projected to record a 15.1% CAGR and reach US$719.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Short Messaging Services segment is readjusted to a revised 11.9% CAGR for the next 8-year period.
The Mobile Value Added Services (MVAS) market in the U.S. is estimated at US$148.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$694.5 Billion by the year 2030 trailing a CAGR of 17.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 10.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$435.8 Billion by the year 2030.
The report will also provide you with an insightful, comprehensive analysis of this high growth market. You will gain a deeper understanding of the competitive landscape including key players such as Amazon.com, Inc., Apple, Inc., and Google, Inc. among others.
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For more information about this report visit https://www.researchandmarkets.com/r/8pqak8
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