Global Rich Communications Suite (RCS) Services Strategic Market Report 2023: Market to Reach $69.7 Billion by 2030 - Here's How RCS Will Revolutionize Digital Marketing

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Oct 23, 2023, 14:30 ET

DUBLIN, Oct. 23, 2023 /PRNewswire/ -- The "Rich Communications Suite (RCS) Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Rich Communications Suite (RCS) Services Market to Reach $69.7 Billion by 2030

The global market for Rich Communications Suite (RCS) Services estimated at US$7.8 Billion in the year 2022, is projected to reach a revised size of US$69.7 Billion by 2030, growing at a CAGR of 31.5% over the analysis period 2022-2030.

A2P, one of the segments analyzed in the report, is projected to record 31.1% CAGR and reach US$48.3 Billion by the end of the analysis period. Growth in the P2p segment is estimated at 29% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 37.4% CAGR

The Rich Communications Suite (RCS) Services market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2030 trailing a CAGR of 37.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 31.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 27.1% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Rich Communications Suite (RCS) Services - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Indispensability of Messaging in Modern Life & Communication Provides the Foundation for the Rise of RCS
The Rise & Ubiquity of Messaging Bodes Well For the Adoption & Proliferation of RCS: Global Number of Mobile Phone Messaging App Users (In Billion) for Years 2018, 2020, 2022, 2024, & 2026
The Entire Base of Smartphone Users Represent the Target Market for RCS: Global Number of Smartphone Users (In Billion) for Years 2018, 2020, 2022, 2024 & 2026
Rich Communications Services (RCS): Definition, Overview, Importance & Benefits Introduction
Recent Market Activity
Innovations

MARKET TRENDS & DRIVERS

Rise of Digital Marketing Opens Up New Opportunities for Adoption of RCS
Growing Spending on Digital Marketing, Especially Mobile Marketing, Highlights the Importance of Messaging based Ads: Global Spending on Digital Advertising & Marketing (In US$ Billion) for Years 2021, 2023, 2025 and 2027
Here's How RCS Will Revolutionize Digital Marketing
Tightening Regulations for OTT Content Including Messaging Triggers Shift Towards RCS
Migration from SMS to RCS Gets Underway
As Enterprises Migrate to RCS Communication Platform, RCS Business Messages to Witness Robust Growth
Rise of Conversational Commerce Bodes Well for Adoption of RCS
Growing Spending on Conversational Commerce to Amplify Opportunities for RCS in the Retailing Space: Global Spending on Conversational Commerce (In US$ Billion) for Years 2021, 2023, 2025 and 2027
Telecom Operators to Offer RCS as Part of 5G Services
5G Makes its Debut
RCS Brings the Promise of Enhancing 5G, an Opportunity Telecom Operators Cannot Ignore: Global Number of 5G Subscriptions (In Million) for Years 2020, 2022, 2024, 2026
5G SMS is Here to Stay!
Benefits of 5G RCS
Led by China, Competition Heats up
As Hospitals Tap into Text Messaging to Optimize Patient Communication, RCS to Witness Strong growth
Growing Popularity of A2P Messaging, Catalyzed the Pandemic Drives Opportunities for RCS

FOCUS ON SELECT PLAYERS (Total 252 Featured)

Apple, Inc.
AT&T, Inc.
Adobe Inc.
Alcatel-Lucent Enterprise
Adigo
3CX Ltd.
Actis Technologies Pvt., Ltd.
Anet Co., Ltd. (Advanced Network Systems)
Allstream Business Inc.
3P TECHNOLOGIES S.r.l.
5IS
AhoyRTC
Aonta Technologies
247meeting
1-VoIP

For more information about this report visit https://www.researchandmarkets.com/r/ppv842

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