Press release
Rich Communication Services (RCS) Market Developments and Opportunity Assessment 2020 – ALE International, Huawei Device Co., Ltd., INTEROP TECHNOLOGIES, Karix Mobile
Rich communication services or RCS are a set of protocols and advanced messaging standards designed to improve the functionality of a pre-installed messaging application in mobile phones. RCS is expected to completely replace SMS and MMS messaging, with advanced features such as group chats, media sharing, video calls, and location sharing.
The increase in the number of smartphones around the globe is expected to have a positive impact shortly on the market for rich communication services. Increasing smartphone usage increases the demand for messaging communication. Rich communication services offer features such as read receipt and group chat that enhances its users’ messaging experience. Growing smartphones are expected to boost the adoption of RCS messaging services due to such advanced features. Furthermore, the decision of the carrier companies to roll out rich communication services as a software update in the existing smartphones is expected to further fuel the market.
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The reports cover key developments in the Rich Communication Services (RCS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Rich Communication Services (RCS) market are anticipated to lucrative growth opportunities in the future with the rising demand for Rich Communication Services (RCS) market in the global market.
Key Players Influencing the Market
1. ALE International
2. Huawei Device Co., Ltd.
3. INTEROP TECHNOLOGIES
4. Karix Mobile Pvt. Ltd.
5. Mavenir
6. Nokia
7. Ribbon Communications Operating Company, Inc.
8. SAP
9. Telefonaktiebolaget LM Ericsson
10. Vodafone group
The “Global Rich Communication Services (RCS) Market Analysis To 2027” is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The rich communication services (RCS) market report aims to provide an overview of the rich communication services (RCS) market with detailed market segmentation by communication type, application, industry vertical, and geography. The global rich communication services (RCS) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading rich communication services (RCS) market players and offers key trends and opportunities in the market.
Besides this, the report analyzes factors affecting Rich Communication Services (RCS) market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Rich Communication Services (RCS) Market report.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Rich Communication Services (RCS) market based on the type and application. It also provides market size and forecast till 2027 for overall Rich Communication Services (RCS) market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Rich Communication Services (RCS) Market.
• Key market trends cracking up the growth of the Rich Communication Services (RCS) Market.
• Challenges to market growth.
• Key vendors of Rich Communication Services (RCS) Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Rich Communication Services (RCS) Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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