Mobile Value Added Services (VAS) Market Analysis, Scope, and Growth by 2031
Mobile Value Added Services (VAS) Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 869.4 Billion |
Market Size by 2031 | US$ 2,640.9 Billion |
Global CAGR (2023 - 2031) | 14.90% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Solution
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Mobile Value Added Services (VAS) Market News and Recent Developments
The mobile value added services (VAS) market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the mobile value added services (VAS) market are listed below:
- Monty Mobile, the fast-growing global telecommunication company offering innovative technology and communication solutions, announced the integration of AI and machine learning into its value-added services (VAS). This integration, dubbed OmniVAS, will allow the mobile operators to double-digit their revenues in no time. By leveraging data mining, this state-of-the-art AI solution automatically analyzes consumer behavior, optimizing upselling and cross-selling, which have a direct effect on increasing customer satisfaction and thus increasing revenues to operators through boosting their sales, improving their understanding of customer behavior through machine learning and eye-opening insights, enabling them to make intelligent decisions and predictions. (Source: Monty Mobile, Press Release, 2023)
- Clickatell, the Chat Commerce and business messaging leader, has launched their Chat 2 Pay feature for South Africa's largest integrated communications company, Telkom. Telkom's millions of customers can now make payments in WhatsApp, the country's largest chat channel. (Source: Clickatell, Company Website, 2023)
Mobile Value Added Services (VAS) Market Report Coverage and Deliverables
The “Mobile Value Added Services (VAS) Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Mobile value added services (VAS) market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Mobile value added services (VAS) market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Mobile value added services (VAS) market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the mobile value added services (VAS) market
- Detailed company profiles