NEW
YORK, July 15, 2024 /PRNewswire/ -- The
global mobile value-added services (MVAS) market size is
estimated to grow by USD
1.00 trillion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of
almost 18.33% during the forecast
period. Rapid increase in smartphone penetration is
driving market growth, with a trend towards increasing
popularity of ar in location-based games. However, constraints
in content monetization poses a challenge. Key market players
include Alphabet Inc., America Movil SAB de CV, Apple Inc., AT and
T Inc., Call Up, Cisco Systems Inc., Comviva Technologies Ltd.,
Huawei Technologies Co., Ltd., Infosys Ltd., InMobi Pte. Ltd.,
International Business Machines Corp., Monty Mobile, MyRepublic
Ltd, OnMobile Global Ltd., Reliance Industries Ltd., Samsung
Electronics Co. Ltd., Singapore Telecommunications Ltd., Telcovas
Solutions and Services Pvt Ltd, Telefonaktiebolaget LM Ericsson,
and Vodafone Group Plc.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Mobile
advertising, Mobile games, Mobile music and video streaming, Mobile
money and m-commerce, and Mobile publications), End-user (Large
enterprises and Small and medium enterprises), and Geography (APAC,
North America, Europe, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Alphabet Inc., America
Movil SAB de CV, Apple Inc., AT and T Inc., Call Up, Cisco Systems
Inc., Comviva Technologies Ltd., Huawei Technologies Co., Ltd.,
Infosys Ltd., InMobi Pte. Ltd., International Business Machines
Corp., Monty Mobile, MyRepublic Ltd, OnMobile Global Ltd., Reliance
Industries Ltd., Samsung Electronics Co. Ltd., Singapore
Telecommunications Ltd., Telcovas Solutions and Services Pvt Ltd,
Telefonaktiebolaget LM Ericsson, and Vodafone Group Plc
|
Key Market Trends Fueling Growth
The adoption of Augmented Reality (AR) in location-based games
is on the rise, with virtual content being overlaid onto real-world
surroundings and objects. These games, accessible via smartphones
and wearables like smart glasses, have gained popularity due to
their platform flexibility. Following the success of Pokemon Go,
location-based AR games have attracted game developers. Google's
March 2018 announcement of the Google
Maps Platform to enhance location-based gameplay further boosts the
quality of offerings. IMAX Corporation's partnership with Tribeca
Enterprises LLC for immersive movie experiences showcases the
potential of AR in storytelling. In July
2021, XRSpace introduced a new VR platform with hand
tracking control, 5G connectivity, and a strong optical system. The
merging of AR with Location-Based Services (LBS) is expected to
attract investments from major Mobile Value-Added Services (MVAS)
providers like Alphabet and Apple, fueling the mobile games segment
and the growth of the MVAS market.
The Mobile Value-Added Services (MVAS) market is witnessing
significant growth with the increasing usage of mobile phones and
digitalization. Services like MMS, mobile email, mobile money,
location-based, mobile advertising, mobile infotainment, and mobile
commerce are trending. Technology advancements in mobile phones,
smartphones, and mobile internet have made these services more
accessible. MVA services include mobile games, music, wallets,
mobile commerce, advertising, email and IM, mobile banking,
ticketing, and coupons. Network operators and handset manufacturers
are collaborating with technology companies like OnMobile,
Comverse, InMobi, and consulting firms to offer secure connections
and consumer authentication. The telecom sector is investing in MVA
services to enhance ARPU and cater to the needs of enterprises and
consumers. However, privacy concerns remain a challenge. Government
efforts to regulate these services and ensure secure connections
are essential. Mobile applications and the mobile web are driving
the growth of MVA services, making them brand-new commodities in
the digital world.
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Market Challenges
• Mobile service
providers face a significant challenge in generating revenue due to
the decline in voice call tariffs and the rise of free voice and
video calling services from OTT content providers. To compensate
for this loss, providers aim to monetize OTT content through
subscription-based models. However, this shift may present
challenges as customers have grown accustomed to free content.
Retaining subscribers requires continuous content improvement and
innovation. Vendors like Reliance Industries and AT&T are
considering this transition, but the success of subscription-based
Mobile Value-Added Services (MVAS) depends on the quality and value
proposition offered to customers. Thus, the growth of the global
MVAS market may be hindered by the need to monetize content to
replace voice call revenue.
• Mobile
Value-Added Services (MVAS) market is witnessing significant growth
due to the increasing usage of smartphones and mobile internet.
Network operators and handset manufacturers are key players in this
market, collaborating to offer innovative MVA services like mobile
games, music, wallets, commerce, advertising, email and IM, mobile
banking, ticketing, coupons, and money transfer. However, complex
implementation and secure connections are major challenges. Telecom
operators and service providers are investing in consulting to
overcome these hurdles. Digitalization and technology advancements
have led to brand-new commodities in MVA services, benefiting
enterprises and consumers alike. Government efforts towards
promoting secure connections and consumer authentication further
boost the market. Market participants engage in strategic
activities to stay competitive in this dynamic industry. MVA
services span various verticals including mobile commerce, mobile
advertising, mobile banking, and mobile ticketing.
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challenges - Download a Sample Report
Segment Overview
This mobile value-added services (mvas) market report
extensively covers market segmentation by
- Product
- 1.1 Mobile advertising
- 1.2 Mobile games
- 1.3 Mobile music and video streaming
- 1.4 Mobile money and m-commerce
- 1.5 Mobile publications
- End-user
- 2.1 Large enterprises
- 2.2 Small and medium enterprises
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Mobile advertising- The Mobile Value-Added
Services (MVAS) market encompasses various segments, with mobile
advertising being a significant revenue generator. This segment
includes income from SMS and MMS ads, push messages, in-app
advertising, and image text and banner ads. Major tech companies
like Alphabet and Apple provide optimized mobile advertising
platforms for smaller screens. Advertisements are tailored to
consumer data, such as browsing patterns, location, and shopping
habits. In-app advertising, particularly in developed markets, led
the mobile advertising segment in 2023. Video ads, placed in OTT
apps and social media, are increasingly popular due to mobile
broadband penetration. However, developing markets like
Africa and South America still rely on SMS and MMS ads,
with growth in mobile internet expected to shift focus towards
internet-based advertising. The expansion of mobile games, mobile
banking, and m-commerce may slightly decrease mobile advertising's
market share during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
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The global M2M (Machine-to-Machine) network security market is
expanding rapidly, fueled by the proliferation of IoT devices and
the growing need for secure communication networks. Key market
drivers include rising cyber threats, regulatory compliance
requirements, and advancements in AI and machine learning for
threat detection and mitigation.
Research Analysis
The Mobile Value-Added Services (MVAS) market encompasses a
range of applications and services that enhance the functionality
of mobile phones. These include Multimedia Messaging Service (MMS)
for sending multimedia messages, Mobile email for accessing email
on the go, Mobile money for financial transactions, Location-based
services for finding directions and information, Mobile advertising
for targeted marketing, Mobile infotainment for entertainment, and
Mobile commerce for buying and selling goods and services.
Technology plays a crucial role in the MVAS market, with Augmented
Reality (AR) and Virtual Reality (VR) technologies driving
innovation. The market is growing rapidly, driven by the
proliferation of mobile phones, smartphones, and mobile internet.
However, concerns over privacy and security remain, as well as the
complex implementation of some services. The Telecom sector,
Network operators, Handset manufacturers, and Mobile application
developers are key players in the MVAS market. Services such as
Mobile banking, Mobile ticketing, Mobile coupons, Mobile games,
Mobile music, Mobile wallets, and Mobile advertising are becoming
increasingly popular. The Average Revenue Per User (ARPU) for MVAS
is a key metric for tracking the financial performance of the
market. The MVAS market is expected to continue growing, driven by
the increasing use of mobile phones for various purposes, the
growth of mobile internet, and the development of new and
innovative services.
Market Research Overview
The Mobile Value-Added Services (MVAS) market encompasses a
range of offerings including MMS, mobile email, mobile money,
location-based services, mobile advertising, mobile infotainment,
and more. These services are delivered to mobile phones, including
smartphones, through technology provided by telecom sector players
such as network operators and handset manufacturers. MVAS have
become essential brandnew commodities in the digitalization era,
driving revenue growth for telecom operators and service providers
through increased ARPU. MVA services include mobile games, music,
wallets, commerce, advertising, email and IM, mobile banking,
ticketing, coupons, and money transfer. Technology advancements
have enabled secure connections, consumer authentication, and
complex implementation of these services. However, privacy concerns
remain a challenge. OnMobile, Comverse, InMobi, and other market
participants engage in strategic activities to offer innovative MVA
services to enterprises and consumers. Government efforts to
regulate and promote digital transactions have further fueled
market growth. Mobile commerce, mobile applications, and the mobile
web continue to drive significant opportunities in this space.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Mobile Advertising
- Mobile Games
- Mobile Music And Video Streaming
- Mobile Money And M-commerce
- Mobile Publications
- End-user
-
- Large Enterprises
- Small And Medium Enterprises
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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