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BFSI A2p SMS Market Growth Insight, Trends, Leaders, Services and Future Forecast - 2031

09-17-2024 04:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

BFSI A2p SMS Market

BFSI A2p SMS Market

The BFSI A2p SMS includes A2p (application-to-person) SMS, which is a one-way communication, where a type of message is received by the person from a financial institute through various applications. The A2p messaging includes- chatbots, one-time password (OTP), pin codes, marketing messages, and virtual assistant reminders, where the response from the recipient is not required.

The Global BFSI A2p SMS Market is projected to grow at a mesmerizing rate during the forecast period. The market size of this market is expected to rise from $62.1 billion in 2020 to $XX billion by 2031, with a compound annual growth rate (CAGR) during the forecast period 2024-2031. The market dynamics responsible to drive the market growth mainly include - rising growth of mobile subscribers, increase in mobile healthcare and online purchase, increasing benefits in internal and external communication, and enhanced employment of A2p SMS in various industries, which all are expected to promote the market growth of Global BFSI A2p SMS Market.

Get Free Sample link @ https://www.omrglobal.com/request-sample/bfsi-a2p-sms-market

The BFSI A2p SMS Market is majorly driven by the foremost market dynamic including- rise in the growth of mobile subscribers. The upgrading ratio of the smartphone users is gradually increasing with every passing day, which will also replace computer usage due to innovative technologies, which are employed to develop a smartphone and the A2p SMS works efficiently for the mobile subscribers. As the financial institutions acquire an online business, for instance during the COVID-19, the A2p messaging was applicable for financial institutions to serve their duty via online mode with the help of smartphones. Hence, the rise in growth of mobile subscribers will positively impact the market growth and is expected to drive the Global BFSI A2p SMS Market during the forecast period.

Besides, the additional factor responsible to drive the market growth is the increasing benefits in internal and external communication. For an organization, it is very important to develop effective internal and external communication for various purposes such as to gain maximum sales and engage the staff as an attribute. This will require A2p messaging to make the communication more effective and easier for the internal and external organization. As the demand for A2p SMS increases, it will eventually boost the market growth and is expected to raise the Global BFSI A2p SMS Market.

The market players operating the BFSI A2p SMS Market include- AT & T Intellectual property, Tata Communications Ltd, Silver Street B.V., Proximus undergoing collaboration and partnership with the aim to develop strategies that will increase the market size, shares, and revenues of the Global BFSI A2p SMS Market. For instance, In December 2020, Silver Street B.V. announced a partnership with Soprano, in order to expand the CPaaS footprints and enterprise communication with the projected acquisition to strengthen the market position and concluded as the leading CPaaS solution provider globally. Additionally, they focus on strategies to enhance their product portfolio by developing and manufacturing new products, to ensure the rapid growth of the BFSI A2p SMS Market globally.

Full report of BFSI A2p SMS Market available @ https://www.omrglobal.com/industry-reports/bfsi-a2p-sms-market

Market Coverage

Segment Covered-
o By Component

o By Application

o By Deployment Model

o By End User

Competitive Landscape- AT&T Intellectual Property, Orange S.A., Twilio Inc., Tata Communications Ltd., Proximus, Sify technologies Ltd., and Infobip Ltd., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global BFSI A2p SMS Market Segment

By Component

· Platform

· A2P Services

By Application

· Customer Relationship Management Services

· Promotional & Marketing Services

· Authentication Services

· Pushed Content Services

· Others

By Deployment Model

· On-Premise

· Cloud

By End User

· Corporate

· Individual

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/bfsi-a2p-sms-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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