"The Rise of A2P SMS Automation: Improving Business Efficiency"
A2P SMS Market was valued at USD 66.62 Billion in 2022, and it is expected to reach USD 84.18 Billion by 2029, exhibiting a CAGR of 3.43% during the forecast period (2023-2029)
Market Overview:
This study’s purpose is to give an overview of the A2P SMS market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major A2P SMS companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the A2P SMS market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into A2P SMS Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole A2P SMS Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Market Dynamics:
Businesses in the communication industry can engage with mobile users effectively by using A2P SMS. Businesses employ text messaging to inform customers of improvements for bettering the customer experience, which boosts industry income. In a variety of industries, including BFSI, retail & eCommerce, travel & tourism, marketing, hyperlocal enterprises, and healthcare, SMS also aids in lead generation, sales growth, and improving customer connections. Globally, A2P messaging is developing and maturing, and it will continue to change as important stakeholders deal with both old and new difficulties. While Over-The-Top (OTT) messaging programmes are providing a new threat to the revenues of MNOs, they are also strengthening the security of their networks and addressing the issues that grey routes create.
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Market Scope:
The report also focuses on the leading industry players in the A2P SMS market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
Platforms accounted for over 65% of Components' revenue in 2022 and are expected to grow at a 4.6% CAGR over the projection period. The widespread usage of the A2P SMS platform in a number of industries, including BFSI, travel and tourism, media and entertainment, and healthcare, may be responsible for the platform segment's expansion. With the messaging app, the A2P platforms offer a variety of product updates and promotions, particularly for small and medium businesses.
The cloud category, which is predicted to increase at a CAGR of 5.6% over the forecast period, had the biggest revenue share by deployment mode in 2022, accounting for nearly 59% of total revenue.
Global A2P SMS Market, by Application (2022-2029)
• Authentication Services
• Promotional and Marketing Services
• Customer Relationship Management Services
• Pushed Content Services
• Interactive Messages
• Others
Global A2P SMS Market, by Components (2022-2029)
• Platform
• A2P Service
Global A2P SMS Market, by Deployment Mode (2022-2029)
• On-premises
• Cloud
Global A2P SMS Market, by Vertical (2022-2029)
• Banking, Financial Services, and Insurance
• Retail and eCommerce
• Hyperlocal Businesses
• Healthcare
• Travel and Hospitality
• Others
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the A2P SMS market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide A2P SMS industry.
1. Syniverse Technologies(US)
2. AMD Telecom(Spain)
3. Fortytwo Telecom(Malta)
4. CLX Communications(Sweden)
5. Ogangi Corporation(US)
6. Silverstreet(UK)
7. Tanla Solutions(Hyderabad)
8. Symsoft AB(Sweden)
9. Cybercomm(US)
10.Infobip(UK)
11.Route Mobile Limited( Mumbai)
12.Angkor Data Communication Group(Cambodia)
13.tyntec(Germany)
14.nexmo(Germany)
15.DIMOCO(Austria)
16.Vodafone Group Plc.(UK)
17.Bharti Airtel Limited(New Delhi)
18.AT&T(US)
19.Sinch(Sweden)
20.Comviva(Gurugram)
21.Bics(Belgium)
22.Tata Communications (Mumbai)
23.Genesys(US)
24.Global Message Services(GMS)(Sweden)
25.Monty Mobile(UK)
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the A2P SMS market in these regions.
COVID-19 Impact Analysis on A2P SMS Market
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the A2P SMS market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the A2P SMS Market Report are:
What will be the CAGR of the A2P SMS market during the forecast period?
Which segment emerged as the leading segment in the A2P SMS market?
Which are the prominent players in the A2P SMS market?
What will be the A2P SMS market size by 2027?
Which company held the largest share in the A2P SMS market?
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