MVAS market Size in Asia Pacific Region is anticipated to witness substantial growth Over 2024
Key Players are
• Apple Inc.
• Baidu Inc.
• Gemalto N.V.
• Huawei Technologies Co.Ltd
• Nokia Corporation
• Mahindra Comviva
The MVAS market is anticipated to witness considerable growth over the forecast timeline. This can be attributed to the introduction of LTE network services, IoT and growing inclination of customers to rely on the internet. Customers are willing to use mobile devices for booking tickets, gaming, making payments, and watching movies. With the handiness of mobile devices and availability of several mobile applications, customers are frequently using them almost everywhere, which is leading to the growth of the MVAS market globally.
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3 MVAS Industry Insights
3.1 Industry segmentation
3.2 Industry growth landscape, 2012- 2024
3.3 Industry ecosystem analysis
3.4 Technological & innovation landscape
3.5 Mobile subscriptions, by region
3.6 Regulatory landscape
3.6.1 Mobile Money Programme
3.6.2 Communication Act 2003
3.6.3 Radio Frequency Safety
3.7 MVAS end-use landscape (Costumer/SMB/Enterprises)
3.8 Industry impact forces
The telecom sector has experienced considerable growth in the MVAS market over the last few years. Demand for personalized, extremely relevant and content rich VAS has brought high growth prospects. Carrier providers are driving communication equipment providers and independent software vendors to help advance cost effective, dependable and well-tested applications, which are helping them generate revenue and improve customer satisfaction.
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With the falling prices of handsets and growing competition in the mobile device industry, handset manufacturers and network operators are shifting their focus on value added services to enrich their product portfolio and sustain industry presence. High investments in 3G and 4G services have been witnessed in the industry to help gain customer consumer base, thereby driving the MVAS market growth.
The penetration and reach of mobile devices can certify the distribution of a high amount of services in a fast, cost effective, and seamless way without the physical access. Owing to the technology advancements, mobile devices at a low price can also support influential MVAS market applications allowing customers to check bank account information, receive personalized health alerts, exchange data through SMS, use entertainment based services, and obtain vocational training.
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While several companies are mainly focused on corporate learning or providing exam alerts, there is great scope for the segment in distance education & tutoring services, mobile reading, language training, and vocational training on specific subjects. It is anticipated that these services will help customers increase their learning efficiency and will thereby positively impact the MVAS market growth.
Browse Related Report: RF components market Size in Asia Pacific Segment is projected to Witness Exponential Growth Over 2025: https://www.marketwatch.com/press-release/rf-components-market-size-in-asia-pacific-segment-is-projected-to-witness-exponential-growth-over-2025-2019-07-17
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