Report says MVAS market to double by 2015
Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited, and the Internet and Mobile Association of India (IAMAI), in a joint research report titled “Future Thought of Business (FTOB): MVAS” predict that the Indian Mobile Value Added Services (MVAS) market will grow at a CAGR of 25% between 2012 and 2015 to reach US $9.5 billion in 2015, from an estimated US $4.9 billion in 2012.
Wipro and IAMAI conducted an evaluation of over 450 consumers and providers of MVAS in India to identify the major drivers and barriers of the Indian MVAS market and provide insights that will help market growth. The research focused on the mEducation, mEntertainment, mFinance and mHealth application areas and found that there is pent up market demand from consumers for sophisticated mobile services in India that have the potential to improve the overall quality of living.
“Basic informational mobile services are set to decline in India,” said Ayan Mukerji, Senior Vice President, Global Head - Media and Telecom, Wipro Technologies. “We have found that India’s consumers will increasingly purchase enriched and transformational education, health, finance and entertainment services. An expected MVAS revolution in India is being made possible by the dramatic growth in mobile device penetration and mobile network capacity and this market offers abundant opportunities for growth to all industry participants.”
Opportunities for different participants in the Indian MVAS market include:
· Domestic mobile operators could focus on providing better network and connectivity.
· Global operators could increase their base by testing new VAS offerings in the Indian market.
· Content and VAS technology could focus on the consumer experience and developing personalized content.
· Original equipment manufacturers could innovate with lost cost smartphones and mobile devices to drive penetration.
To realize the market’s full potential, the industry requires a collaborative effort across mobile network operators, telecom equipment vendors and mobile service content providers. “So far, this market has been hampered by a lack of services innovation,” said Subho Ray, President, IAMAI. “By forging mutually agreeable partnerships, we can improve customization and localization of content and create services with a compelling consumer value proposition. The Indian MVAS market offers tremendous potential to all industry participants and those companies that can offer innovative services will stand to benefit the most” Ray added.
The report also highlights areas of concern that the industry could collectively address:
Value Perception: Even though 96 per cent of the survey respondents accessed the internet on mobile devices, only 56 per cent had subscribed to some form of paid MVAS.
Service Complexity: Complexity was consistently rated as a key barrier to service adoption. For instance, 64 per cent of the participants believed that advanced mobile health services would to be too complex to use.
User Experience: Users expressed concern about the unique aspects of the mobile experience that could compromise usability. For instance, 56 per cent of participants were concerned about the screen size of mobile devices.
- Trends In Information Management: An India Perspective
- Predictions for RPA in Financial Services in 2018
- Blockchain In The Context Of Enterprises
- Which Sector Will Be The First To Go 100% Robot?
- RBI Reiterates Its Warning On Bitcoins
- Looking At The World Through A Digital Lens
- Xiaomi To Make Fresh Investments, Set Up More Plants In India
- Customer-Facing Web, Mobile Apps Pose Highest Security Risk: Study
- Infor Looks To Triple Its India Revenue By 2020
- Nokia Expands Bengaluru R&D Center To Focus On 5G