Press release
Enterprise A2P SMS Market Revenue Opportunities By Syniverse Technologies, AMD Telecom, CLX Communications, Ogangi, Silverstreet, Tanla, Cybercomm and Infobip
Coherent Market Research Published a Half Cooked Research Report on Global Enterprise A2P SMS Market Research Report. Avail the in-depth table of content Table of Content and market synopsis on “Enterprise A2P SMS Market Research Report - Global Forecast up to 2026.”The Global “Enterprise A2P SMS Market” research report demonstrates the fast developing conditions of the global market. The report reveals realistic data of the market. It covers current trends and predicts the revenue and potential developments of key players.
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.
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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.
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.
North America holds a dominant position in the global enterprise A2P SMS market
Asia Pacific enterprise A2P SMS market held 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. Increasing number of mobile phone users drives significant growth of the enterprise A2P SMS market in Asia Pacific. According to cisco, around 2500 million mobile phone users were present in Asia Pacific, in 2016, this number is projected to reach 3000 million by 2021. Thus, the enterprise A2P SMS market in the region is expected to experience rapid growth.
According to “India Brand Equity Foundation organization” in 2016, India e-commerce industry generated revenue of US$ 15 billion and is projected to reach US$ 64 billion by 2020. Moreover, Indian e-commerce industry is projected to exhibit a CAGR of 44.6% over the forecast year. Thus, expected to fuel growth of the market for enterprise A2P SMS, in India.
Enterprise A2P SMS Market: Competitive Background
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.
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Detailed Segmentation:
By Application:
- Pushed Content Services
- Customer Relationship Management Services
- Promotional Campaigns
By End Users:
- Education
- Utilities
- BFSI
- Government
- Healthcare
- Advertising
- Retail & E-commerce
- Transport
By region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
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:
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Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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