A2P SMS Market Technological Advancements, Growth Opportunity and Forecast 2018-2026
Application to person (A2P) SMS is the terminology used for
application to subscriber or subscriber to application short messaging service.
The service finds essential applications in different forms of notifications,
alerts, promotional messages, polling contests, news, flight alerts, banking
updates, and many more. Due to its wide ranged applications it finds
applications in almost every industry segments such as financial services,
banking, tourism, retail, healthcare, and entertainment.
Mobile subscriber consumer base of over 5
billion across globe will provide substantial growth potential to A2P SMS
market
According to GSM Association (GSMA), the global telecom operators
have over 5 billion mobile subscribers, encompassing over two third of the
global population. SMS is the most conventional and cost-effective means for
communication that can be conveniently utilized as a form of media and
promotional purposes. Moreover, increasing reliance of consumer on smartphones
for various activities that include social networking, shopping and usage of
mobile wallets on daily basis is expected to provide high impetus to the
overall A2P SMS market over the forecast period.
Banking, Financial services and Insurance
(BFSI) dominated the end use industry segments owing to various identification,
alerts and phone banking related applications
Typical applications of these services in BFSI segment include
authentication of users of online services, banking notifications, critical
transaction alerts (due payment, balance statements, minimum balance
requirements, etc.), SMS banking and promotional campaigns for new BFSI
policies. These applications are projected to increase at considerable rates
and positively influence growth of the BFSI segment in the A2P SMS market
through the forecast period.
According to United Nations Economic and Social Commission for
Asia and Pacific (UN ESCAP), Asia Pacific is home to largest consumer base
across the globe, accounting for over 60% of the global population. Emerging
economies such as China, India, Indonesia, and Saudi Arabia are expected to
provide significant growth prospects over the forecast period, owing to the
large mobile subscription base in these regions. Moreover, proliferation of
smart banking and e-commerce in the regions will provide significant demand
surge for A2P SMS market.
Browse more about the research report
@ https://www.coherentmarketinsights.com/ongoing-insight/a2p-sms-market-607
Major industry participants include FortyTwo Telecom AB, AMD
Telecom S.A., Syniverse Technologies, LLC, Silverstreet BV, Ogangi Corporation,
mBlox, Inc., Symsoft AB, Tanla Solutions Ltd., OpenMarket Inc., Optimizer
International Group, Inc., and Angkor Data Communications Group Co. Ltd.
Industry. Industry competitors are projected to invest in best firewalls,
appointing best aggregators, and expansion of their regional expanse to
strengthen their industry foothold. For instance, in May 2017, CLX announced
the acquisition of Dialogue Group, for over US$ 40 million, to strengthen its
positioning in Asia Pacific region.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and
consulting firm offering action-ready syndicated research reports, custom
market analysis, consulting services, and competitive analysis through various
recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
Contact Us:
Mr.
ShahCoherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Comments
Post a Comment