The Rich Communication Services (RCS) Global Market Report 2023, provides comprehensive information on the rich communication services (RCS) market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Rich Communication Services (RCS) Market’s Growth:
As per The Business Research Company’s Rich Communication Services (RCS) Global Market Report 2023, the global rich communication services (RCS) market size is expected to grow from $4.10 billion in 2022 to $5.55 billion in 2023 at a compound annual growth rate (CAGR) of 35.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global rich communication services (RCS) market size is expected to reach $18.43 billion in 2027 at a CAGR of 35.01%.
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Technological advancement is a key trend gaining popularity in the rich communication services (RCS) market. Companies operating in the rich communication services (RCS) market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Kirusa, a US-based communication solutions provider, launched the RichOTP service. With RichOTP, companies can send secure OTPs to their customers’ mobile devices through the messaging app, which provides a more reliable and secure method than traditional SMS messaging. The service is designed to make it easier for companies to deliver OTPs, essential for secure transactions and account verification
The rich communication services (RCS) market is segmented:
1) By Type: Application-to-Person (A2P), Person-To-Application (P2A), Person-to-Person (P2P)
2) By Development Model: On-Premise, Cloud
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Rich Calls And Messaging, Content Delivery, Value Added Services, Marketing And Advertising Campaign, Cloud Storage
5) By Industrial Vertical: Healthcare, Retail And E-commerce, Banking, Financial Services and Insurance (BFSI), IT And Telecom, Travel And Tourism, Other Industrial Verticals
The global rich communication services (RCS) market
North America was the largest region in the rich communication services (RCS) market in 2022.
The table of contents in TBRC’s rich communication services (RCS) market report includes:
1. Executive Summary
2. Rich Communication Services (RCS) Market Characteristics
3. Rich Communication Services (RCS) Market Trends And Strategies
4. Rich Communication Services (RCS) Market – Macro Economic Scenario
5. Rich Communication Services (RCS) Market Size And Growth
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26. Africa Rich Communication Services (RCS) Market
27. Rich Communication Services (RCS) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rich Communication Services (RCS) Market
29. Rich Communication Services (RCS) Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- AT&T Inc
- Vodafone Idea Limited
- Deutsche Telekom AG
- Google LLC
- Verizon Communications Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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