NEW YORK, April 12, 2021 /PRNewswire/ — As per a latest report studied by Research Dive, the Global Mobile Value-Added Services (VAS) Market is anticipated to generate a revenue of $1,464.1 billion by 2027, increasing from $479.0 billion in 2019, at a significant growth rate of 15.3% during 2020-2027 timeframe.
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Covid-19 Impact on the Mobile Value Added Services Market
Mobile value-added services (VAS) industry is enhancing during the coronavirus crises across the globe. Social distancing norms initiated by the government pushed people towards mobile VAS such as video calling, contactless payment methods, and online grocery shopping. Home quarantine and lockdown measures have augmented telecommunication services like VAS for people’s entertainment and knowledge purposes. All these aspects are responsible for the market growth during the pandemic.
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