A2P SMS Market Scenario:
Globally, the A2P market is expected to reach USD 50.1 billion by 2023 with a CAGR of 4.6% during the forecast period. The market growth is attributed to a large number of telecom services provider offering mobile value-added services. Rapid advancement in digitalization, increasing adoption of digital transactions, and rise in digital payments across all commercial sectors are driving the growth of A2P market during the forecast period. Furthermore, integrating artificial intelligence and analytics are likely to gain huge popularity in the A2P market during the assessment period.
For example, most businesses apply A2P SMS Marketplatform for different activities comprising polls and surveys, company announcements, notifications about update, interaction with the employees, and alerts. As stated in the MRFR report, the application of A2P SMS in the telecom sector is high owing to its surging benefits in external and internal communications. In the local and central government sectors, SMS has significantly assisted in reducing the cost of internal communications and enhance the efficacy of their operations. However, stiff competition in the market, development in mobile malware, and mobile spam are some of the limitations of the A2P SMS market.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/6532
Major Key Players:
The global A2P SMS market is ruled by renowned players such as Infobip Ltd (UK), Tyntec (Germany), Syniverse Technologies (US), Trillian Group (Malta),CLX Communication (Sweden), Tata Communications (India), SAP SE (SAP Mobile Services) (Germany), MBlox Inc (US), Vonage Business (US), Tanla Solutions (India), Twilio Inc (US), and Mahindra Comviva (US).
The application segment of the global A2P market is sub segmented into customer relationship, pushed content services, promotional campaigns, management services, inquiry related services, and interactive services. Based on end user, the A2P market is segmented into travel & transport, retail BFSI, entertainment (gaming) & media, healthcare & hospitality, and others.
Based on geography, the global A2P market is segmented into Asia- Pacific, Europe, North America, and the rest of the world. North America market is likely to represent a noteworthy growth in fueling the A2P demand owing to the availability of many cellular service providers.
The US is estimated to hold the largest market share on account of the expanding internet penetration which is linked with the higher rate of smartphone adoption. Canada is likely to be the fastest developing market in the North America region owing to rising outlay in the region. Asia-Pacific is estimated to be the swiftest growing market holding a significant share of demand throughout the assessment period. The market growth is encouraged by India and China which has beaten the US in the context of smartphone adoption.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Access Report Details @ https://www.marketresearchfuture.com/reports/a2p-sms-market-6532
List of Tables
Table1 Global A2P SMS Market: By Region, 2018-2023
Table2 North America A2P SMS Market: By Country, 2018-2023
Table3 Europe A2P SMS Market: By Country, 2018-2023
Table4 Asia-Pacific A2P SMS Market: By Country, 2018-2023
Table5 Middle East & Africa A2P SMS Market: By Country, 2018-2023
List of Figures
Figure 1 Global A2p Sms Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Porter’s Five Forces Analysis of Global A2p Sms Market
Figure 4 Value Chain of Global A2p Sms Market
Figure 5 Share of Global A2p Sms Market In 2017, By Country (In %)
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: A2P SMS Market 2020 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.