MVAS For Location-Based Services To Offer Tracking Facilities For Customers.
The global Mobile Value Added Services (MVAS) market size is expected to reach USD 2,631.63 Billion in 2030 and register a revenue CAGR of 15.1% over the forecast period, according to a latest report by Reports and Data. Increasing need for improved user experience and rapidly increasing enterprise internet users are expected to drive market revenue growth during the forecast period. Increasing penetration of internet is also expected to boost revenue growth of the market going ahead. Rapidly growing urbanization, IT infrastructure, and favorable government and business policies have increased the number of internet users. Use of internet can create significant growth in key sectors such as education, healthcare, energy, and governance in an economy. In addition, social media applications and social networking sites are responsible for generating a large volume of information, which will continue to increase demand for internet in the future, which will drive the market revenue gro