The Business Research Company’s Rich Communication Services Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Rich Communication Services Global Market Report 2023 evaluates rich communication services market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global rich communication services market size grew from $8.31 billion in 2022 to $10.07 billion in 2023 at a compound annual growth rate (CAGR) of 21.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rich communication services market size is expected to grow to $21.6 billion in 2027 at a CAGR of 21.0%.
The rich communication services market segments in the report are:
Rich Communication Services Market By Deployment Type :
On-Premise
Cloud
Rich Communication Services Market By Enterprise Size :
Small And Medium Enterprises
Large Enterprises
Rich Communication Services Market By Application Type :
Rich Calls And Messaging
Content Delivery (Content Sharing, File Transfer)
Value Added Services (VAS)
Marketing And Advertising Campaign
Cloud Storage
Rich Communication Services Market By Industry Vertical Type :
Healthcare
Retail And E-commerce
BFSI
IT And Telecom
Travel And Tourism
Other Industry Vertical Types
North America was the largest region in the rich communication services market in 2022.
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The table of contents in TBRC’s rich communication services market report includes:
1. Executive Summary
2. Rich Communication Services Market Characteristics
3. Rich Communication Services Market Trends And Strategies
4. Rich Communication Services Market - Macro Economic Scenario
5. Rich Communication Services Market Size And Growth
..................
26. Africa Rich Communication Services Market
27. Rich Communication Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rich Communication Services Market
29. Rich Communication Services Market Future Outlook and Potential Analysis
30. Appendix
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Engage your customers with rich text messaging Texting has developed a way far better than it used to be, with character limitations, boring messages, and hurting charges with extra characters typed in.
In recent years, we all have witnessed the way communication has changed altogether.
With technology advancements, conversation and communication with customers have become more interesting and interactive.
With the mobile industry and apps integrated with rich text messaging makes it possible for a business to expand, know their customers better, and learn more about the pain point of your potential customers.
With Rich Text Messaging communication goes beyond texting.
Using images, videos, PDFs, maps and many other features has made a sizeable difference.
According to a new market research report "Rich Communication Services (RCS) Market by Application (Advertising Campaign, Content Delivery, and Integrated Solutions), End-User (Consumers and Enterprises), Enterprise Size, Enterprise Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the RCS market size is projected to grow from USD 4.5 billion in 2019 to USD 10.6 billion by 2024, at a CAGR of 18.9% from 2019 to 2024.Major growth drivers for the market include the growing expenditures on digital marketing across verticals.Browse and in-depth TOC on “Rich Communication Services (RCS) Market” 91 - Tables36 - Figures 143 - Pages Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4839266Advertising campaign application to hold a larger market size during the forecast periodAdvertising campaigns via digital marketing is the prominent approach adopted by enterprises to attract customers.
Sharing rich media contents have enabled end-users to engage greatly with the enterprises to take benefits of the services.
Enterprises being the prominent stakeholders for RCS in the market, advertising campaign application is expected to maintain dominance throughout the forecast period.Enterprise consumers to hold the largest market size during the forecast periodThe enterprises throughout verticals are expected to have a significant dependency on SMS for digital marketing.
Deployment of RCS messaging platforms to share media-rich content amongst the end-users is expected to bring growing instances of customer engagements.Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=4839266North America to hold the largest market size during the forecast periodThe Rich Communication Services (RCS) Market in North America is expected to grow significantly due to the increasing investments by vertical for digital marketing.
Moreover, the region is mainly driven by a large number of enterprises investing heavily for an advertising campaign to promote their offerings, followed by intense internet penetration within the area.
Additionally, telcos in North America are amongst the early adopters of RCS which include AT, Verizon, and T Mobile.Major vendors covered in the Rich Communication Services (RCS) Market include Google (US), China Mobile Limited (Spain), AT Inc. (US), Sprint Corporation (US), Deutsche Telekom AG (Germany), Vodafone Group plc (UK), Verizon (US), Telefonica (US), Orange Business (US), KDDI (Japan), Slovak Telekom (Slovakia), TELIT (Italy), SK Telecom (South Korea), Telstra (Australia), LG U+ (South Korea), Celcom (Malaysia), Freedom Mobile (Canada), Rogers (Canada), T-Mobile (US), and O2 (UK).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
