A2P SMS Market worth USD 84.18 Billion by 2029: Market Dynamics, Technological Advancements, Trends, Competitive Landscape, and Regional Outlook
Pune, 5, Dec 2022: Maximize Market Research, a leading Information Technology, and Telecommunication consulting firm, has released the global A2P SMS Market report. According to MMR, A2P SMS Market was valued at USD 64.42 Billion in 2021, and it is expected to reach USD 84.18 Billion by 2029, exhibiting a CAGR of 3.43% during the forecast period (2022-2029). The report provides insights into industry trends, major sectors, and possible investments in a variety of fields, as well as demand, regional landscapes, and market pressures.
For critical insights on this market, request for methodology here @ https://www.maximizemarketresearch.com/request-sample/54244
A2P SMS Market Scope and Research Methodology
The global A2P SMS Market report provides a comprehensive overview of significant drivers, restraints, potentials, challenges, and trends in the A2P SMS Market Industry, as well as future competitive analyses, assisting customers in identifying business opportunities and developing market strategies. The A2P SMS Market research report covers the service type, growth trend, industrial engineering, major competitors, industrial chain structure, industry overview, industry national policy, planning analysis, and the most recent dynamic analysis. The analysis relies heavily on both primary and secondary data sources. SWOT, PORTER, and PESTLE analysis are used to determine the global industry scenario.
A2P SMS Market Overview
A2P SMS is increasingly being used to communicate business to individuals via various corporate platforms, support services, and online reservation systems. A2P refers to the process of delivering mobile messages from a business application to a mobile user, often via an automated procedure for marketing or service purposes (app-to-person). Retail, banking, communication, healthcare, and travel are among the areas that have embraced A2P technology.
A2P SMS Market Dynamics
A2P SMS is a significant channel for communication market enterprises to communicate with mobile users. Businesses utilize text messaging to alert users about improvements to improve the user experience, which leads to more income for the industry. SMS is also useful for generating leads, growing sales, and improving customer connections in a variety of industries, including BFSI, retail & e-commerce, travel & tourism, marketing, hyper-local enterprises, and healthcare. A2P messaging is expanding and developing all around the world, and it will continue to evolve as important participants face both long-standing and new problems. MNOs are progressively safeguarding their networks and addressing the issues that grey routes offer, while OTT messaging services pose a new danger to the industry’s earnings.
Government regulatory authorities are more concerned with resolving consumer concerns regarding the security provided by A2P SMS firms. Distinct countries have different security regulations and criteria that must be met in order to provide enterprise-grade messaging services to their clients. Cellular Telecommunications and Internet Association, National Regulatory Authorities, TRAI, and the Federal Communications Commission have all established complex text messaging laws and regulations. The degree of laws and regulations differs by nation, which influences the A2P SMS business.
A2P SMS Market Segmentation
By Components
- Platform
- A2P Service
By Deployment Mode
- On-premises
- Cloud
By Application
- Authentication Services
- Promotional and Marketing Services
- Customer Relationship Management Services
- Pushed Content Services
- Interactive Messages
- Others
By Vertical
- Banking, Financial Services, and Insurance
- Retail and eCommerce
- Hyperlocal Businesses
- Healthcare
- Travel and Hospitality
- Others
A2P SMS Market Regional Insights
The A2P SMS Market in the United States is predicted to grow at a considerable CAGR of 3.8% during the forecast period, owing to growing preferences for digital advertising, a surge in the number of internet subscribers, and the advancement of advanced technologies like IoT. A2P SMS is being used by rapidly developing startups and small and medium firms in the region to raise awareness and manage their client base. North America is introducing the 10DLC channel, which can deliver SMS messages in large volumes using shortcodes and long codes that are toll-free. It is a low-cost means of mass message distribution.
A2P SMS Market Key Competitors:
- Syniverse Technologies
- AMD Telecom
- Fortytwo Telecom
- CLX Communications
- Ogangi Corporation
- Silverstreet
- Tanla Solutions
- Symsoft AB
- Cybercomm
- Infobip
- Route Mobile Limited
- Angkor Data Communication Group
- tyntec
- nexmo
- DIMOCO
- Vodafone Group Plc.
- Bharti Airtel Limited
- AT&T
- Sinch
- Comviva
- Bics
- Tata Communications
- Genesys
- Global Message Services(GMS)
- Monty Mobile
- China Mobile
Key questions answered in the A2P SMS Market are:
- What is A2P SMS?
- What is the growth rate of the A2P SMS Market during the forecast period?
- What is the nature of competition in the A2P SMS Market industry in developed economies and developing economies?
- Who are the key players in A2P SMS Market?
- Who are the market leaders in A2P SMS Market in Europe
- Who are the market leaders in A2P SMS Market in USA and Canada
- Who are the market leaders in A2P SMS Market in India, China, Japan, and South Korea?
- What are the factors affecting growth in A2P SMS Market?
- Who held the largest market share in A2P SMS Market?
- What are the factors for the growth of the Asia-Pacific region in the A2P SMS Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Components, Deployment Mode, Application, Vertical, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
SMS Firewall Market: SMS Firewall Market was valued at US$ 1.53 Bn. in 2021 and is expected to reach US$ 4.09 Bn. by 2029, at a CAGR of 13.04% during the forecast period. Growing security and confidentiality concerns across the globe, stringent guidelines, improved implementation of A2P SMS, and increasing focus on preventing revenue loss because of grey routes are the main factors that are driving the implementation of SMS firewall solutions.
Premium Messaging Market: Premium Messaging Market was valued at US$ 61.36 Bn. in 2021 and is expected to reach US$ 91.08 Bn. by 2029, at a CAGR of 5.06 % during a forecast period. The increasing use of mobile messages for a variety of marketing and communication activities by businesses and the continuously dropping costs of premium messages are some of the main driving factors significantly impacting the premium messaging market.
Mobile Marketing Market: Mobile Marketing Market size was valued at US$ 14.83 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 18.9% from 2022 to 2029, reaching nearly US$ 59.27 Bn. The market is expected to be driven by the rising adoption of smartphones and tablets, as well as high internet penetration in developing countries like China and India.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.maximizemarketresearch.com/request-sample/54244
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: Geeta Yevle
Email: Send Email
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/global-a2p-sms-market/54244/