Global Rich Communications Suite (RCS) Services Strategic Market Report 2023-2030: Rise of Digital Marketing Opens Up New Opportunities for Adoption of RCS
Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "Rich Communications Suite (RCS) Services - Global Strategic Business Report" report has been added to * ResearchAndMarkets.com's* offering.
*Global Rich Communications Suite (RCS) Services Market to Reach $69.7 Billion by 2030*
The global market for Rich Communications Suite (RCS) Services estimated at US$7.8 Billion in the year 2022, is projected to reach a revised size of US$69.7 Billion by 2030, growing at a CAGR of 31.5% over the analysis period 2022-2030.
A2P, one of the segments analyzed in the report, is projected to record 31.1% CAGR and reach US$48.3 Billion by the end of the analysis period. Growth in the P2p segment is estimated at 29% CAGR for the next 8-year period.
*The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 37.4% CAGR*
The Rich Communications Suite (RCS) Services market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2030 trailing a CAGR of 37.4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 31.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 27.1% CAGR.
*What`s New?*
· Special discussions on the global economic climate and market sentiment
· Coverage on global competitiveness and key competitor percentage market shares
· Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
· Online interactive peer-to-peer collaborative bespoke updates
· Access to digital archives and trademarked research platform
· Complimentary updates for one year
· Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
*MARKET OVERVIEW*
· Rich Communications Suite (RCS) Services - Global Key Competitors Percentage Market Share in 2022 (E)
· Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
· Indispensability of Messaging in Modern Life & Communication Provides the Foundation for the Rise of RCS
· The Rise & Ubiquity of Messaging Bodes Well For the Adoption & Proliferation of RCS: Global Number of Mobile Phone Messaging App Users (In Billion) for Years 2018, 2020, 2022, 2024, & 2026
· The Entire Base of Smartphone Users Represent the Target Market for RCS: Global Number of Smartphone Users (In Billion) for Years 2018, 2020, 2022, 2024 & 2026
· Rich Communications Services (RCS): Definition, Overview, Importance & Benefits Introduction
· Recent Market Activity
· Innovations
*MARKET TRENDS & DRIVERS*
· Rise of Digital Marketing Opens Up New Opportunities for Adoption of RCS
· Growing Spending on Digital Marketing, Especially Mobile Marketing, Highlights the Importance of Messaging based Ads: Global Spending on Digital Advertising & Marketing (In US$ Billion) for Years 2021, 2023, 2025 and 2027
· Here's How RCS Will Revolutionize Digital Marketing
· Tightening Regulations for OTT Content Including Messaging Triggers Shift Towards RCS
· Migration from SMS to RCS Gets Underway
· As Enterprises Migrate to RCS Communication Platform, RCS Business Messages to Witness Robust Growth
· Rise of Conversational Commerce Bodes Well for Adoption of RCS
· Growing Spending on Conversational Commerce to Amplify Opportunities for RCS in the Retailing Space: Global Spending on Conversational Commerce (In US$ Billion) for Years 2021, 2023, 2025 and 2027
· Telecom Operators to Offer RCS as Part of 5G Services
· 5G Makes its Debut
· RCS Brings the Promise of Enhancing 5G, an Opportunity Telecom Operators Cannot Ignore: Global Number of 5G Subscriptions (In Million) for Years 2020, 2022, 2024, 2026
· 5G SMS is Here to Stay!
· Benefits of 5G RCS
· Led by China, Competition Heats up
· As Hospitals Tap into Text Messaging to Optimize Patient Communication, RCS to Witness Strong growth
· Growing Popularity of A2P Messaging, Catalyzed the Pandemic Drives Opportunities for RCS
*FOCUS ON SELECT PLAYERS**(Total 252 Featured)*
· Apple, Inc.
· AT&T, Inc.
· Adobe Inc.
· Alcatel-Lucent Enterprise
· Adigo
· 3CX Ltd.
· Actis Technologies Pvt., Ltd.
· Anet Co., Ltd. (Advanced Network Systems)
· Allstream Business Inc.
· 3P TECHNOLOGIES S.r.l.
· 5IS
· AhoyRTC
· Aonta Technologies
· 247meeting
· 1-VoIP
For more information about this report visit https://www.researchandmarkets.com/r/8r9eke
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