Skip to main content

Enterprise A2P SMS Market: Adoption of Innovative Offerings to Boost Returns on Investment

According to the new market research report “Enterprise A2P SMS Market, by Application (Pushed Content Services, Customer Relationship Management Services, Promotional Campaigns, And Interactive Services), By Organization Size (Small And Medium organization And Large Organisation), By End Users (Education, Utilities, Banking, Finance, Service And Insurance, Government, Healthcare, Advertising, Retail & E-Commerce, Transport), And By Geography – Global Forecast to 2025″. The global enterprise A2P SMS market was valued at US$ 59.9 billion in 2016 and is projected to reach US$ 108.2 billion by 2025. Increasing number of network device users contributes to major growth of the market.
According to Coherent Market Insights, around 17.1 billion network devices were used globally in 2016, the number of which is projected to reach 24.1 billion by 2021. Growing e-commerce industry also plays a major role in growth of this market. According to Coherent Market Insights, in 2016, the U.S. e-commerce industry generated revenue of US$ 322 billion and is project to reach US$ 459 billion by 2020. Password reset, delivery status, special offers, product launches, sale details, signup details, and payment confirmation are some of the major SMS services provided by e-commerce companies. This in turn, fuels growth of this market.
Key Takeaways of the enterprise A2P SMS Market:
The global enterprise A2P SMS market is estimated to exhibit a CAGR of 6.1% over the forecast period. In 2016, this market generated revenue of US$ 59.9 billion and is projected to reach US$ 108.2 billion by 2025
Among application, the customer relationship management service segment held a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. Owing to high focus on customer engagement and adoption of digitalization by various business organization, the segment is expected to gain significant traction.
Among end users, the banking, financial services, and insurance segment held a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. Moreover, retail and e-commerce industry is projected to exhibit the highest CAGR over the forecast period.
Among organization size, the large enterprise segment held a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. Increasing adoption of digitalization in various companies of different verticals, have fueled growth of the enterprise A2P SMS market.
Among geography, Asia Pacific enterprise A2P SMS market held a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. In 2016, this market in Asia Pacific generated revenue of US$ 28.2 billion with 44.2% market share. India, China, and Japan are some of the major countries that drive rapid growth of this market in Asia Pacific.
Some of the major players involved in the global enterprise A2P SMS market include Syniverse Technologies, LLC, AMD Telecom S.A., Fortytwo Telecom AB. , CLX Communications AB , Ogangi Corporation , Silverstreet BV, Tanla Solutions Ltd., Symsoft AB, Cybercomm, and Infobip Ltd.
Labels:

Comments

Post a Comment

Popular posts from this blog

Application Delivery Network Market 2026 Focus On Research Methodology, Market Dynamics

Application Delivery Network is a set of technologies, which provides application availability, security, visibility, and acceleration. The application development network is primarily implemented to work with dynamic content. The major advantage of application delivery network is that it helps in improving the performance of Internet traffic. Increasing data traffic is major factor driving growth of the market. According to Coherent Market Insights, in 2016, 96,054 PB IP data traffic was generated per month and is projected to reach 278,108 PB IP data traffic by 2021, worldwide. Hence, increasing data traffic have accelerated the demand for application delivery network. Download PDF Copy @ https://www.coherentmarketinsights.com/insight/request-pdf/1390 Increasing adoption of mobile traffic is major factor driving growth of the market Increasing adoption of smart phones by user is one of the major reason for mobile data traffic. According to the Coherent Market Insights...
Post a Comment
Read more

Background Music Market Assessment, Forecast: Invant Research by 2026

Global background music market generated revenue of US$ 1.35 billion in 2017. By 2026, the background music market is expected to be valued at US$ 2.31 billion with a CAGR of 6.3% over the forecast period. AV system segment held dominant position in the global background music market in 2017 and is expected to retain its dominance over the forecast period. AV system segment generated revenue of US$ 824.5 Mn in 2017. Request sample copy here @ https://www.coherentmarketinsights.com/insight/request-sample/2563 Availability of variety of music online and affordable subscription services has increased demand for background music. Rather than using compact disc, retailers are now downloading and constantly updating music from online sources. According to Coherent Market Insights’ analysis, paid music streaming subscription revenue was around US$ 230 Mn in 2018 and will reach around US$ 342 Mn by end of 2022, globally. Moreover, to attract more consumers, royalty free background musi...
Post a Comment
Read more

Hashgraph Market Consumption, Market Share, Growth Opportunities & Regions By 2026

Hashgraph is an advanced type of distributed ledger technology developed by Swirlds, a US-based company. The key features of hashgraph algorithm includes fast, secure and fairness of access. Hashgraph is a data structure and distributed algorithm that reduces the requirement of major computation power and massive energy consumption. Moreover, hashgraph is expected to eliminate Ripple in banking and finance application. It can carry out functions faster than blockchain, and takes only a second for hundreds of thousands of transactions. These factors are expected to provide major growth opportunity to decentralized applications including games, stock market, and auctions. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1130 Most applications that require thousands of transactions per second require community agreement on the order of transactions in near real time. For example, Google Apps for Work includes docs, sheets, and slides that can be...
Post a Comment
Read more