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Mobile Value-added Services (MVAS) Market Share

Name: Mobile Value-added Services (MVAS) Market Size & Share | Global Report 2024
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI303
Published Date: May 2017
Report Format: PDF

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Mobile Value-added Services Market Share

Companies in the market include :

Alibaba Group Holdings Limited
Apple, Inc
AT&T, Inc
Gemalto N.V
Google Inc
KongZhong Corporation
Vodafone PLC

Owing to fragmented nature of the market, players are concentrating on expanding their services and increasing acquisitions to gain share.

For instance, in November 2015, Apple, Inc. announced that it acquired Faceshift, a Switzerland-based company which has developed an innovative technology to capture person’s facial expressions in real time and create animated avatars. With this acquisition, Apple plans to offer a framework which can allow developers to integrate Face shift features into their videos & games.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of MVAS surpassed USD 400 billion in 2016 .

The industry share of MVAS is predicted to grow at more than 15% CAGR till 2024.

As per Global Market Insights, Inc., the United states may come up as a major regional revenue pocket for the industry on account of the increasing media consumption in the nation.

The healthcare sector has been using MVAS on a large scale in recent times, especially with the launch of LTE services like 3G and 4G that are used for diagnosis and treatment in remote areas through mobile phones.

Mobile money solutions are likely to garner prominence as a major mobile value-added service on account of the expansion of mobile banking and mobile payments sectors and the increasing demand of mobile wallets.