NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The mobile value-added services (VAS) market is estimated to grow by USD 723.25 billion from 2022 to 2027, growing at a CAGR of 15.76%. The mobile value-added services (VAS) market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer mobile value-added services (vas) market are 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. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying
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By Geography, the market is classified as APAC, North America, Europe, South America, and Middle East and Africa. APAC will have the largest share of the market. APAC is estimated to account for 58% of the global market growth during the forecast period. APAC will dominate the mobile value-added services market in 2022 due to the rapid penetration of smartphones and mobile broadband in emerging economies such as China and India. Many international and domestic vendors offering smartphones and mobile broadband services in these countries have aided in the penetration of mobile devices and the Internet. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.
Market Segmentation
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The Global Mobile Payments Market Size is estimated to grow by USD 75,412.89 million between 2022 and 2027 accelerating at a CAGR of 20.49%.
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