Enterprise A2P SMSMarket Shows Boosted Growth Rate in Forecast to 2026
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.
Browse over 40 Market Data Tables and 60 Figures spread
through 300 Pages and in-depth TOC on "Enterprise A2P SMS Market, by
Application (pushed content services, customer relationship management
services, promotional campaigns, and interactive services), by Organization Size
(Small and Medium Enterprises and Large Enterprises), by End Users (education,
utilities, banking, finance, service and insurance, government, healthcare,
advertising, retail & e-commerce, transport), and by Geography – Global
Forecast to 2025"
Explore market research @ https://www.coherentmarketinsights.com/insight/request-pdf/890
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.
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. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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