A2P SMS Market Outlook by 2029, Key Companies, And Latest Drivers.
This study uses 2021 as the base year and 2022 to 2029 as the forecast period to estimate the market size for A2P SMS. According to this study, in 2022 the growth of A2P SMS market is projected to reach multimillion USD by 2028, compared to 2021. Over the next seven years, the A2P SMS market will register a magnificent spike in CAGR in terms of revenue.
A2P SMS is increasingly used to communicate with customers through a variety of corporate platforms, assistance programs, and online reservation systems. A2P refers to the practise of sending text messages from a business application to a mobile user, usually using an automated process for marketing or customer service purposes. Several important industries, including retail, finance, communication, healthcare, and travel, have embraced A2P technology.
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A2P SMS Market Overview:
Businesses in the communication industry can connect with mobile users effectively by using A2P SMS. Businesses use text messaging to inform customers of updates for bettering the customer experience, which boosts industry revenue. In a variety of industries, including BFSI, retail & eCommerce, travel & tourism, marketing, hyperlocal businesses, and healthcare, SMS also aids in lead generation, sales growth, and improving customer relationships. Globally, A2P messaging is developing and maturing, and it will continue to change as key players deal with both old and new challenges. While Over-The-Top (OTT) messaging applications are posing a new threat to the revenues of MNOs, they are also increasing the security of their networks and identifying the issues that grey routes present.
A2P SMS Market Segment:
The cloud segment, which is expected to grow at a CAGR of 5.6% over the forecast period, had the highest revenue share by deployment mode in 2021, accounting for over 58% of total revenue. Easy deployment and scalability are features of cloud solutions like Cisco Cloud Care, Amazon Connect, and Genesys PureCloud, among others. An efficient, integrated marketing campaign that supports increasing client interaction is offered by cloud-based A2P SMS. Cloud-based platforms provide a secure mobile messaging experience, make it simple to integrate SMS, MMS, phone, and other services, and are the growth engine for the cloud segment over the forecast period.
A2P SMS Market Key Players:
- 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.
Key company and market share insights:
This section explains the main competitors to the readers. This study investigates key growth strategies employed by these players to maintain their influence, such as innovation trends and advancements, product portfolio strengthening, mergers and acquisitions, collaborations, new product innovations, and regional expansion. Apart from business strategies, the report also contains important financial data and current developments. In addition, readers can get information about the sales, prices and revenues of manufacturers from 2017 to 2022.
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A2P SMS Market COVID 19 Impact:
Direct changes in supply and demand, market and supply chain disruptions, and economic effects on enterprises and financial markets are the three main ways that COVID-19 can affect the world economy. After the COVID-19 problem, the market will offer producers attractive chances, according to our researchers who are monitoring the situation throughout the world. The report’s goal is to further highlight the impact of the current environment, the economic downturn, and COVID-19 on the entire sector.
A2P SMS Market Regional Analysis:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Important Features of the Reports:
- Detailed overview of the A2P SMS market.
- Market drivers, restraints, opportunities, and challenges region-wise.
- Detail market segmentation and market share, with explanation.
- Recent industry trends and developments
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