A2P SMS Market will reach 84.18 billion. USD in 2029, market growth,

Pune, Jan. 25, 2023 (GLOBE NEWSWIRE) — The report published by Maximize Market Research, the global information technology and telecommunications market research firm. That A2P SMS market the report covers a comprehensive competition and price analysis. During the forecast period, the report expects the market to grow from USD 64.42 billion in 2021 to USD 84.18 billion in 2029 at a CAGR of 3.43 percent.

A2P SMS Market Scope and Research Methodology

The research gives credibility data and analysis on the A2P SMS market along with market trends and key market elements. The research provides key insights into market drivers, restraints, challenges, and opportunities in the A2P SMS market to help readers gain a better understanding of dynamic market. To understand the market penetrationcompetitive structure, price and demand analysis better, regional market analyzes are carried out at local, regional and global levels. Key manufacturers in the market are profiled based on revenue generated, region, financial condition, portfolio, technical progress, mergers and acquisition, joint ventures and strategic alliances. This helps clients understand the number of direct and indirect customers they have. In addition, it helps clients with the new marketing techniques and technological breakthroughs used by competitors.

Data were collected using primary and secondary methods. The primary techniques involve wire surveysquestionnaires and telephone interviews with subject specialists, industry leaders, business owners and marketers. Secondary data was collected from a carefully selected collection of sources to ensure that the inferences were as credible as possible. This includes professional journals, annual reports, paid database white papers and publications from companies that create and supply goods to the sector. It also includes the websites of numerous organizations and the government. The study thus provides an overall picture of the A2P SMS market.

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A2P SMS Market Overview

A2P messaging (application-to-person messaging) is the process of sending mobile messages from a business Application to one mobile phone user, typically through an automated process for service and marketing reasons. Therefore, it is also known as business or Corporation TEXT MESSAGE. Increasingly popular, this technology has been adopted by many industries including finance, communications, retail tradetravel and healthcare.

A2P SMS Market Dynamics

The A2P messaging industry is growing thanks to the increasing use of A2P messaging across a number of sectors, including BFSI, healthcare, retail and e-commerce, among others. Communication with clients is enabled through A2P messaging, which also delivers time-sensitive alerts and authenticates active users and methods.

Using reliable global mobile communications networkenables the A2P messaging system for businesses to manage lot messaging services immediately. Without having to enter into agreements with all the destination operators, A2P messaging provides a single mechanism to work messages services globally. A2P messaging improves customer relationships, guarantees better connectivity and increases sales.

The market is expected to rise as a result of factors such as end-users’ growing emphasis on A2P messaging, the proliferation of mobile advertising, and the proliferation of smartphones worldwide. The quick use of internet services and incorporation of OTT messages platforms like Facebook Messenger and WhatsApp, which are useful for customer engagement and acquisition drive the market growth.

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A2P SMS Market Regional Insights

Changing consumer preferences for digital advertising, an increase in Internet customers, and the development of advanced technologies such as IoT, the US A2P SMS market is expected to witness a strong CAGR of 3.8% during the forecast period. Little and medium-sized businesses in the rapidly growing area use A2P SMS to spread awareness and manage their clientele. The 10DLC channel, which can carry SMS messages in bulk and in the form of short codes, long codes and toll-free numbers, is now being used in North America. It is an inexpensive way to convey messages on a large scale.

Market size in 2021USD 64.42 billion
Market size in 2029USD 84.18 billion
CAGR3.43% (2022-2029)
Forecast period2022-2029
Base year2021
Number of pages201
Number of tables104
Number of diagrams and figures105
Segment coveredComponents, deployment mode, application, vertical and region
Regional scopeNorth America, Europe, Asia Pacific, Middle East and Africa, South America
Report coverageMarket share, size and forecast by revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities and Key Trends, Competitive Landscape, Key Player Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players Market Ranking Analysis.

A2P SMS Market Segmentation

By components

By deployment mode

Upon application

  • Authentication Services
  • Promotional and marketing services
  • Customer Relationship Management Services
  • Pushed Content Services
  • Interactive messages
  • Others

By Vertical

  • Banking, financial services and insurance
  • Retail and e-commerce
  • Hyperlocal companies
  • Healthcare
  • Travel and hospitality
  • Others

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A2P SMS Market Key Competitors include

  • Syniverse Technologies (USA)
  • AMD Telecom (Spain)
  • Fortytwo Telecom (Malta)
  • CLX Communications (Sweden)
  • Ogangi Corporation (USA)
  • Silverstreet (UK)
  • Tanla Solutions (Hyderabad)
  • Symsoft AB (Sweden)
  • Cybercomm (USA)
  • Infobeep (UK)
  • Route Mobile Limited (Mumbai)
  • Angkor Data Communication Group (Cambodia)
  • tyntec (Germany)
  • nexmo (Germany)
  • DIMOCO (Austria)
  • Vodafone Group Plc. (United Kingdom)
  • Bharti Airtel Limited (New Delhi)
  • AT&T(US)
  • Sinch (Sweden)
  • Comviva (Gurugram)
  • Bics (Belgium)
  • Tata Communications (Mumbai)
  • Genesys (USA)
  • Global Message Services (GMS) (Sweden)
  • Monty Mobile (UK)
  • China Mobile (China)

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Key offers:

  • Market share, size and forecast by revenue | 2022-2029
  • Market Dynamics – Growth Drivers, Constraints, Investment Opportunities and Key Trends
  • Market Segmentation – A detailed analysis by components, deployment mode, application area, vertical and region
  • Competitive landscape – Top key suppliers and other prominent suppliers

Maximize Market Research is a leading information technology and telecommunications research firm, has also published the following reports:

Application-to-Person (A2P) SMS and API Market The market size is expected to reach almost 97.46 billion. USD in 2027 with a CAGR of 4.40% during the forecast period. Due to increasing demand for advanced modes for A2P SMS, cost-effectiveness, flexibility, reliability and reduced size of data centers using automated processes, the market is expected to grow.

Mobile marketing market The market size was estimated at USD 14.83 billion. in 2021, and the total revenue is expected to grow at a CAGR of 18.9% from 2022 to 2029, reaching nearly USD 59.27 billion. The market is expected to be driven by the increasing adoption of smartphones and tablets as well as high internet penetration in developing countries such as China and India.

SMS Firewall Market The market was valued at USD 1.53 billion. in 2021 and is expected to reach USD 4.09 billion. in 2029 at a CAGR of 13.04% during the forecast period. Growing security and privacy concerns may act as a major driver in the growth of the global SMS firewall market.

Premium A2P and P2A Messaging Market The market size is expected to reach USD 99.20 billion. by the end of the forecast period at a CAGR of 5.85%. The market is mainly driven by changing customer communication behaviour.

Premium Messaging Market The market size was USD 61.36 billion. in 2021 and is expected to reach DKK 91.08 billion. USD in 2029 at a CAGR of 5.06% during the forecast period. The increasing use of mobile messaging by businesses for a range of marketing and communication activities and the ever-decreasing cost of premium messaging are some of the key driving factors.

About Maximer Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communications, automobiles and automobiles, chemical products and drugs, general merchandise, beverages, personal care and automated systems. To name a few, we provide market-verified industry estimates, technical trend analysis, decisive market research, strategic consulting, competitive analysis, production and demand analysis, and client impact studies.

Contact us for a more detailed view at: [email protected]

A2P SMS Market will reach 84.18 billion. USD in 2029, market growth,

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