Global Mobile VAS Market is valued USD 355.7 billion in 2016 is anticipated to grow USD 1301 billion with the compounded annual growth of 15.5% over the forecast period 2018-2025.
New York 28 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Mobile VAS market industry is poised to raise USD 1301 billion by 2025. The major factors expected to augment the market are growth in e-commerce industry, increased adoption of mobile broadband and increasing internet penetration across developing regions. Value-added services (VAS) refer to the non-core services offered in the telecom sector. All services apart from standard voice calls and fax transmissions are considered a VAS.
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Global Mobile VAS Market Size Study By Product (Mobile Commerce, Mobile Money, Mobile LBS/Advertising, E-mail and IM, Mobile Music, Mobile Games, Mobile Video, Mobile Publication/Learning, Mobile Image, and Others), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include AT&T, America Movil, Apple, Comviva Technologies, Google, Blackberry, CanvasM Technologies, KongZhong, Near (AdNear), Nokia, OnMobile, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Mobile Commerce
- Mobile Money
- Mobile LBS/Advertising
- E-Mail and IM
- Mobile Music
- Mobile Games
- Mobile Video
- Mobile Publication/Learning
- Mobile Image
- North America
- Asia Pacific
- Latin America
- Rest of the World