logo
logo
Sign in

Rich Communication Services (RCS) Market Insights Report 2020-2030

avatar
Shraddha
Rich Communication Services (RCS) Market Insights Report 2020-2030

Rich Communication Services (RCS) Market Overview:

Rich Communication Services (RCS) is a next-generation text messaging protocol used by mobile operators and mobile phones to replace the old generation text messaging service called Short Messaging Service or SMS. Rich Communication Service (RCS) Market is estimated to reach USD 22.6 billion by 2026 recording a CAGR of 22%. RCS helps consumers in booking appointments, making seamless payments, availing boarding passes, submitting survey answers, receiving notifications from banking & e-commerce institutions, and marketing & promotional alerts. Additionally, it offers features such as rich and verified messages, a large messaging capacity of over 8,000 characters, video calling within messaging applications, group chats, read receipts to sender, and platform-independent messaging. 

By application, the global rich communication services (RCS) market has been divided into advertisement, content delivery, integrated solutions, and others.

By end user, the global rich communication services (RCS) market has been divided into individual consumers and enterprises.

Click Here to Get Sample Premium Report @ https://www.marketresearchfuture.com/sample_request/10368

Rich Communication Services (RCS) is a communications protocol between mobile telephone carriers and between phone and carrier, aiming at replacing SMS and MMS. It is an enhanced messaging experience for Android devices, with features such as higher quality media sharing, read receipts, typing indicators, and more. RCS not only enhances person-to-person (P2P) communications, but also allows for business messaging, allowing companies to interact with customers in real-time. It also boasts levels of security and Quality of Service (QoS) that only operators can provide, and there will be no ‘closed community’. RCS is the new standard of messaging that will replace SMS text messaging and MMS.

Rich Communication Services (RCS) is an important protocol because it provides an enhanced messaging experience for both users and businesses. With RCS, users can enjoy features such as group chats, audio, video, and image messaging, as well as improved reliability and faster messaging speeds. For businesses, RCS provides the ability to engage in more meaningful conversations with customers, allowing them to provide more personalized services and better customer service. Additionally, RCS can also help businesses to increase their reach and customer engagement, as well as to reduce customer acquisition costs.

Based on organization size, the global rich communication services (RCS) market has been divided into small and medium enterprise and large enterprise.

By vertical, the global rich communication services (RCS) market has been divided into BFSI, IT & telecommunications, media & entertainment, tourism & logistics, retail & ecommerce, healthcare, and others. The retail & ecommerce vertical is expected to grow the fastest during the forecast period as the increasing initiatives from businesses to connect with the consumers and rising adoption of smartphones.

The rich communication services (RCS) market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Rich Communication Services (RCS) Market Regional Analysis:

By region, the global rich communication services (RCS) market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to be the largest contributor to the rich communication services (RCS) market due to the presence of several established players in the region.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/rich-communication-service-market-10368

Rich Communication Services (RCS) Market Key Players:

The key players operating in the global rich communication services (RCS) market include AT&T (US), Vodafone Limited (UK), Google (US), Verizon (US), Telefonaktiebolaget LM Ericsson (Sweden), Orange (France), KDDI America, Inc. (New York), Telit (UK), SK TELECOM CO., LTD. (Korea), Telstra Group (Australia), Tanla Solutions Limited (UAE), Mavenir (US), Nokia (Finland), INTEROP TECHNOLOGIES (US), and Twilio Inc. (US).

People appreciated on following Social Media Posts:

About Market Research Future (MRFR):

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [email protected]

Website: https://www.marketresearchfuture.com

collect
0
avatar
Shraddha
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