Global Mobile Value-added Service Market is valued at USD 542.37 Billion (€ 461.01 Bn) in 2019 and expected to reach USD 1503.5 Billion (€ 1277.97 Bn) by 2026 with the CAGR of 15.6 % over the forecast period. Increasing number of mobile phone users around the world is major driving factor for the growth of global mobile value-added service market. There are more than 5 billion mobile users in the world accounting 67 % of global population. The figure is growing at significant pace, developing countries leading the way. Growing application of mobile value-added service to increase customer base by companies, increase in number of internet users and advances in ICT are expected to offer lucrative opportunities in future. However privacy concerns and incidences of data breaches are hindering the growth of market. Growing connectivity through next generation technologies such as 5G, mesh networks, edge computing for high speed communication will offer several growth opportunities in forecast period.
