logo
logo
Sign in

Rich Communication Services Market Size Report and Forecast to 2022-2027

avatar
Vikas Chauhan
Rich Communication Services Market Size Report and Forecast to 2022-2027

Rich Communication Services Market Overview:

The latest research study “Rich Communication Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global rich communication services (RCS) market size reached a value of US$ 1,210.90 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 5,528.60 Million by 2027 exhibiting a CAGR of 27.70% during 2022-2027.


Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/rich-communication-services-market/requestsample


Rich communication services (RCS) refer to a carrier-implemented mobile communication alternative to short message services (SMS) as well as multimedia messaging services (MMS). It allows users to create group chats, support end-to-end encryption, and send attachments such as video files and images. In recent years, RCS has gained traction due to its numerous benefits, such as better streaming of audio and video, higher-targeted communication to reach consumers, one-app functionality, security, better streaming of audio and video, and enhanced sender verification.


COVID-19 Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Rich Communication Services Market Trends and Drivers:


One of the primary factors driving the market is the increase in the number of smartphones. Additionally, extensive adoption of RCS among various industry verticals, including information technology (IT), entertainment and banking, information technology (IT), hospitality, financial services, and insurance (BFSI) sectors, is contributing to the industry growth. Other than this, the escalating demand for next-generation text services is creating a positive market outlook.


Besides this, there has been extensive investments in the long-term evaluation (LTE) and IP multimedia subsystem (IMS) to facilitate the next generation of broadband mobile services. Furthermore, the utilization of RCS in the corporate sector for marketing, advertising strategies, and peer-to-peer messaging (P2P) is positively influencing the market growth.


In line with this, various collaborations between market players to upgrade RCS and the implementation of universal communication protocol specifications by the global system for mobile communications association (GSMA) to allow operator service interoperability. Other growth-inducing factors include the advent of the 5G network and the integration of RCS with various technological solutions such as artificial intelligence (AI), voice-over long-term evolution (VO-LTE), and application programming interface to promote next-generation messaging and chatbot interaction.


Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://bit.ly/3997Yob


Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

 

Global Rich Communication Services Market 2022-2027 Analysis and Segmentation:

 

Competitive Landscape:

 

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

 

Global Message Services, Google LLC (Alphabet Inc.), Huawei Technologies Co Ltd, Mavenir plc, SK Telecom Co Ltd, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited, T-Mobile US Inc., Verizon Communications Inc., Vodafone Group PLC, and ZTE Corporation.


The report has segmented the market on the basis of region, communication type, deployment mode, organization size, application and industry vertical.


Breakup by Communication Type:

·     A2P

·     P2A

·     P2P

 

Breakup by Deployment Mode:

·     Cloud-based

·     On-premises

 

Breakup by Organization Size:

·     Large Enterprises

·     Small and Medium-sized Enterprises


Breakup by Application:

·     Rich Calls and Messaging

·     Cloud Storage

·     Marketing and Advertising Campaign

·     Content Delivery

·     Others

 

Breakup by Industry Vertical:

·     Healthcare

·     Retail and E-commerce

·     BFSI

·     IT and Telecom

·     Travel and Tourism

·     Others


Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

 If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

 

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

 

Contact Us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: [email protected]

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

 

collect
0
avatar
Vikas Chauhan
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more