17.6% Growth Rate for Rich Communication Services (RCS) Market | New Technology and Advancements to watch out for 2025

According to Market Study Report, Rich Communication Services (RCS) Market provides a comprehensive analysis of the Rich Communication Services Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The Global Rich Communication Services Market size is projected to grow from USD 5.2 Billion in 2020 to USD 11.7 Billion by 2025, at a CAGR of 17.6% during 2020–2025.

Top Companies Profiled in the Rich Communication Services Market:
• At&T
• Vodafone
• Deutsche Telekom
• Google
• Verizon
• Telefonica
• Orange Business
• China Mobile
• Kddi
• Slovak Telekom
• Telit
• Sk Telecom
• Telstra
• Lg U+

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“By application, advertising campaign segment to account for a higher market share during the forecast period”
Advertising campaigns via digital marketing is the prominent approach adopted by enterprises to attract customers. Sharing rich media contents have enabled end-users to engage significantly with the enterprises to take benefits of the services. Advertising campaigns may vary from vertical to vertical; for instance, media and entertainment vertical would share advertisings, teasers, or some trailers of upcoming shows.

“By end-user,enterprises segment to hold a larger market size during the forecast period”
By end-users global RCS market is segregated into enterprises and consumers. The 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.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 34%, Tier 2 – 43%, and Tier 3 – 23%
• By Designation: C-Level – 50%, Director Level – 30%, and others- 20%
• By Region: North America – 25%, Europe – 30%, APAC– 30%, MEA- 10% and Latin America– 5%

Competitive Landscape of Rich Communication Services Market:
1 Overview
2 Competitive Scenario
2.1 New Service Launches And Service Enhancements
2.2 Partnerships, Agreements, And Collaborations

Research Coverage:
The Rich Communication Services market is segmented by application (advertising campaign, content delivery, and integrated solutions), end-user (consumers and enterprises), enterprise size, enterprise vertical, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews, services; key strategies; new service launches, partnerships, agreements, and collaborations; and competitive landscape associated with the RCS market.

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This release was published on openPR.