However unsurprisingly, with the significant increase in the disposable income and transformation in the living lifestyle the market of telecommunications and networking with the value-added services cloud has grown more effectively around the globe. As the advanced connectivity technologies, which include 4G and 5G networks, Wi-Fi, etc., have developed the penetration of internet and mobile phones around the globe. The growing internet penetration has led to the enlargement of various innovative technologies in the present years. The Value-added Services (VAS) is one of such services, which has been considered as a prominent revenue stream by the various companies. Unlike conventional VAS, cloud VAS is facilitated with the cloud platform, and these are presented only through a smartphone. The mobile value-added services have become a new revenue stream for the corporates in the present years owing to the low-cost ownership nature and least outgoings of building systems on cloud platforms. Hence, the market will increase around the globe more efficiently during the forecasted period.
According to the report analysis, ‘Mobile Value-added Services in Cloud Market Research Report’ states that there are several key players which are recently functioning in this market more efficiently for leading the fastest market growth with the handsome amount of share around the globe more enormously by doing attractive developments in the offers and techniques of doing work which further increases the demand globally includes Cisco Systems, Vodafone Group, AT&T, IBM, Infosys, Skystream Technology, DashData, Mobile2Win, Value First Digital Media, and ACL Mobile Limited. The value chain players are objecting on offering sophisticated facilities owing to leading the demand for cloud MVAS. The network suppliers are anticipated to advance significant market revenue followed by content providers. The accumulative penetration of smartphones and the Internet among the regions is improving the business opportunities for a huge variety of market players.
The market is spread across the globe which majorly includes the Americas, Europe, Asia Pacific, and ROW. Whereas, the Americas is anticipated to increase at a higher CAGR during the forecast period of 2017-2023. The APAC and MEA regions are predicted to rise at a higher rate post-2021 owing to the low acceptance rate of smartphones in various countries in the region. The telecom and smartphones companies are anticipated to play a dynamic role in enhancing the necessary infrastructure by developing the 3G and 4G Internet dissemination rates.
The mobile value-added services in cloud market revenue are predicted to be USD 67.79 billion in 2017 and are anticipated to reach USD 222.87 billion by 2023, increasing at an effective CAGR of 21.9% during the forecast period of 2017-2023. The enterprise VAS is increasing owing to the significant increase in the implementation by the private SMEs, large enterprises, and governments. The enterprises are realizing that smartphones user base could unleash new business opportunities, and it is also the easiest way to reach them customers. The consumer VAS market revenue is expected to be USD 48.4 billion in 2017 and is likely to reach USD 171.7 billion by 2023, increasing at a CAGR of 23.5% during the forecast period of 2017-2023. Additionally, it is expected that the cloud market with mobile value-added services will increase around the globe more significantly over the recent few years.
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