Global A2P SMS Market is valued USD 60.11 billion in 2016 is anticipated to grow USD 86.30 billion with the compounded annual growth of 4.10% over the forecast period 2018-2025.
New York 16 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global A2P SMS market industry is poised to raise USD 86.30 billion by 2025. The major factors expected to augment the market are growth in e-commerce industry, growing demand across end-user industries viz gaming, media, retail, and others, and increasing internet penetration across developing regions. Application to Person or A2P SMS messaging, also known as enterprise or professional SMS, is the process of sending mobile messages from an application to a mobile user in which recipients are not expected to reply.
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Global A2P SMS Market Size Study By Application (Customer Relationship Management Services, Inquiry Related Services, Interactive Services, Pushed Content Services, and Promotional Campaigns), By End-User (BFSI, Entertainment & Media, Retail, Healthcare & Hospitality, Travel & Transport), and By Regional Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Fortytwo Telecom AB., Syniverse Technologies, LLC, Symsoft AB, AMD Telecom S.A., CLX Communications AB, Cybercomm, Ogangi Corporation, Infobip Ltd, Silverstreet BV, Angkor Data Communication Group Co., Ltd., and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The Asia Pacific region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Customer Relationship Management Services
- Inquiry Related Services
- Interactive Services
- Pushed Content Services
- Promotional Campaigns
- Banking, Financial Services, & Insurance (BFSI)
- Entertainment & Media
- Healthcare & Hospitality
- Travel & Transport
- North America
- Asia Pacific
- Latin America
- Rest of the World