Report : Mobile Value Added Services (VAS) Market to 2027 - Global Analysis and Forecasts by Solution (SMS, Mobile Money, Utility VAS, Mobile Infotainment, Social Networking, Location Based Services, and Others); and End-User (Consumer and Enterprises)
Mobile VAS Market to 2027 by Solution (SMS, Mobile Money, Utility VAS, Mobile Infotainment, Social Networking, Location Based Services, and Others); and End-User (Consumer and Enterprises)
The global mobile VAS market is estimated to account US$ 53.89 Bn in 2018 and is expected to grow at a CAGR of 11.54% during the forecast period 2019 – 2027, to account for US$ 141.36 Bn by 2027.
The telecommunication sector was foreseen to be one of the most lucrative industries for revenue generations and job creations historically. However, fierce competitions, and pricing pressures led to the downfall of the entire sector causing huge losses to the telecom operators. These telecommunication operators needed to provide differentiated services to their customers at optimized costs to stay afloat and competitive in the market Value-added services or VAS provide the much need thrust to the telecom sector for driving up their revenues and profit. In the contemporary times, the VAS is defined as the premium features or any add-on features apart from the basic voice services that are provided to the end-users by the telecommunication companies. The VAS is intended at diversifying the offerings and also provide administrative synergy amongst the array of services. MVAS is beneficial for both the parties involved as it brings business to the service providers and also add end-users functionality while obtaining enhanced analytics for use in businesses.
Telecom companies, therefore, face flat growth because of market saturation and maturity as well as commoditization of mobile devices and connectivity services. MVAS adds value to the core services and spur the subscribers in using their primary services more thus driving the Average Revenue Per User (ARPU). The MVAS stand individually in their operations and profitability and also stimulate demand for standard services. Further, drastic changes in the telecom business environment has compelled companies to invest in the development of VAS. VAS is thus viewed as one of the strategic initiatives taken by the telecom service providers enabling them to cross-sell additional services and simultaneously drive up ARPU. VAS also enables in ensuring customer loyalty as the customers are attracted to the companies offering more services.
As the overall digital market grows, an additional billion middle-tier customers for telecommunication companies, mainly in emerging markets, is expected for new over-the-top (OTT) entrants is opening. These digital natives are offering the same staple services of voice, messaging, and video calls that used to be the domain of traditional telcos. In particular, OTT players such as Apple’s FaceTime, Google Hangouts, Skype, Tencent QQ or Tencent’s WeChat, and WhatsApp threaten to cannibalize these staple offerings with innovative, easy-to-use, and even more-attractive messaging and communication services. The major companies operating in the market include Airtel, Beeline, DBT Telecom FZ, DU United Arab Emirates, Mobifone, Mobile Telesystems, Mobily, MTN, Numeko Technologies, Omantel, Ooredoo, Optimum Telecom Algeria, Orange, Saudi Telecom Group, and Vodafone.
Mobile VAS Market - Geographic Breakdown, 2018
The report segments the global mobile VAS market as follows:
Global Mobile VAS Market – By Solution
Global Mobile VAS Market – By End-user
Global Mobile VAS Market – By Geography
Contact Person: Sameer Joshi
Email Id: firstname.lastname@example.org