Mobile Value Added Services (MVAS) Market Overview, Status, Key Drivers and Forecast Report till 2022
“Mobile value added services offer great opportunity to manufacturers, service providers and operators by providing vast number of services, generating considerable revenues and reaching out to maximum customers.�
The global mobile value added service market is expected to witness substantial growth over the forecast period owing to innovation and rise in smartphone sales worldwide. High penetration of mobile phones in emerging as well as developed countries provides avenues for industry growth. Traditionally, internet speed was the major issue faced by the consumers; however, this gap has been addressed efficiently with the roll-out of 3G and 4G services. Launch of 3G and 4G service along with the expected launch of BWA services across several countries is anticipated to play a key role in uplifting the industry growth. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/mobile-value-added-services-mvas-market Growing collaboration among the critical components of this industry including mobile operators, handset manufacturers and content creators is a trend set to fuel demand over the forecast period. In last few years, the market witnessed limited number of services; however, the future growth is expected to be healthy with the availability of a broad range of service catering existing as well emerging consumer requirements in terms of speed and value for money. The future adoption rate for MVAS depends substantially on the current consumer awareness regarding these services, particularly in the developing regions, and may pose a challenge to industry growth.