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Mobile Value-added Services Market to Reach USD 342.50 billion by 2024, Alphabet Inc. and America Movil SAB de CV Emerge as a Key Contributors to Growth | Technavio

LONDON--(BUSINESS WIRE)--Oct 6, 2020--

Technavio has been monitoring the mobile value-added services market and it is poised to grow by USD 342.50 billion during 2020-2024, progressing at a CAGR of almost 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005970/en/

Technavio has announced its latest market research report titled Global Mobile Value-added Services (VAS) Market 2020-2024 (Graphic: Business Wire)

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR44646

This Report Addresses:

  • The market size from 2020-2024
  • Expected market growth until 2024
  • Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
  • Segments and regions that will drive or lead market growth and why
  • Comprehensive mapping of the competitive landscape
  • In-depth analysis of key sustainability strategies adopted by market players

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by product, which is the leading segment in the market?
  • The mobile advertising segment is expected to be the leading segment based on product in the global market during the forecast period.
  • What are the major trends in the market?
  • Digitization of key industries is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 15%, the incremental growth of the market is anticipated to be USD 342.50 billion.
  • Who are the top players in the market?
  • Alphabet Inc., America Movil SAB de CV, Apple Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Reliance Industries Ltd., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, and Vodafone Group Plc. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Increase in smartphone penetration is one of the major factors driving the market. However, the constraints in content monetization restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 59% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., America Movil SAB de CV, Apple Inc., Cisco Systems Inc., Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Reliance Industries Ltd., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, and Vodafone Group Plc are some of the major market participants. The increase in smartphone penetration will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Mobile Value-added Services Market 2020-2024: Segmentation

Mobile value-added services market is segmented as below:

  • Product
    • Mobile Advertising
    • Mobile Games
    • Mobile Music and Video Streaming
    • Mobile Money And M-commerce
    • Mobile Publications
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

Mobile Value-added Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The mobile value-added services market report covers the following areas:

  • Mobile Value-added Services Market Size
  • Mobile Value-added Services Market Trends
  • Mobile Value-added Services Market Analysis

This study identifies digitization of key industries as one of the prime reasons driving the mobile value-added services market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Mobile value-added services market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist mobile value-added services market growth during the next five years
  • Estimation of the mobile value-added services market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the mobile value-added services market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mobile value-added services market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Mobile advertising - Market size and forecast 2019-2024
  • Mobile games - Market size and forecast 2019-2024
  • Mobile music and video streaming - Market size and forecast 2019-2024
  • Mobile money and m-commerce - Market size and forecast 2019-2024
  • Mobile publications - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alphabet Inc.
  • America Movil SAB de CV
  • Apple Inc.
  • Cisco Systems Inc.
  • Huawei Investment & Holding Co. Ltd.
  • International Business Machines Corp.
  • Reliance Industries Ltd.
  • Samsung Electronics Co. Ltd.
  • Telefonaktiebolaget LM Ericsson
  • Vodafone Group Plc

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201005005970/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/ 

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/06/2020 02:00 AM/DISC: 10/06/2020 02:01 AM

http://www.businesswire.com/news/home/20201005005970/en

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