Press release
Rich Communication Services (RCS) Global Market 2025: Driven by Mobile Service Subscribers, Exponential Growth Anticipated
Rich Communication Services (RCS) Global Market Report 2025
What Is The Projected Market Size Of The Global Rich Communication Services (RCS) Global Market Report 2025 And Its Growth Rate?
The future of the rich communication services (RCS) market looks promising, catalyzed by shifting consumer preferences and technological breakthroughs.
• Market Size in 2024: $7.5 billion
• Market Size in 2025: $10.14 billion (CAGR of 35.1%)
• Expected Market Size in 2029: $34.39 billion (CAGR of 35.7%)
Two key factors driving this growth are the shift from SMS to rich media, and the global expansion of the RCS ecosystem.
What Is Driving The Growth In The Rich Communication Services (RCS) Global Market Report 2025?
The increasing adoption of mobile service subscribers is a primary driving force in the rich communication services (RCS) market. The definition of mobile service subscribers involves individuals or companies who have subscribed to a mobile phone service supplied by a network operator, thereby gaining access to services such as voice calls, text messaging, and data services on mobile devices. The potential appeal of RCS to promote mobile service subscriber uptake is noted, given its promise of delivering a more engaging, interactive, and feature-filled messaging experience compared to traditional SMS texting. For instance, in the UK, the Office of Communications reported an increase of 2% in active UK mobile subscribers in March 2022, totalling 83.25 million. The growing trend towards mobile service adoption will undoubtedly propel the growth of the rich communication services (RCS) market.
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Who Are the Key Players Driving Rich Communication Services (RCS) Global Market Report 2025 Growth?
• AT&T Inc.
• Vodafone Idea Limited
• Deutsche Telekom AG
• Google LLC
• Verizon Communications Inc.
• SK Telecom Co. Ltd.
• ZTE Corporation
• Global Message Services
• Mavenir Systems Inc.
• Infobip Ltd.
• Huawei Technologies Co. Ltd.
• T-Mobile Inc.
• Ericsson
• Reliance Jio Infocomm Limited
• Swisscom AG
• Telefónica S.A.
• Bell Canada Enterprises Inc.
• TELUS Communications Inc.
• Rogers Communications Inc.
• China Mobile Communications Corporation
• NTT Docomo Inc.
• SoftBank Group Corporation
• KDDI Corporation
• KT Corporation
• LG Uplus Corp.
• Singapore Telecommunications Limited
• StarHub Limited
• M1 Limited
• True Corporation Public Company Limited
• TOT Public Company Limited
• Total Access Communication PCL (DTAC)
• Advanced Info Service Public Company Limited
What Are The Key Trends In The Rich Communication Services (RCS) Global Market Report 2025?
Key trends influencing the RCS market include:
• Advancements in mobile network technologies
• Integration with business communication
• Carrier partnerships and RCS rollouts
• Development of multichannel communication platforms
What Are The Segments Of The Global Rich Communication Services (RCS) Global Market Report 2025?
1) By Type: Application-to-Person (A2P), Person-To-Application (P2A), Person-to-Person (P2P)
2) By Development Model: On-Premise, Cloud
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Rich Calls And Messaging, Content Delivery, Value Added Services, marketing And Advertising Campaign, Cloud Storage
5) By Industrial Vertical: Healthcare, Retail And E-commerce, Banking, Financial Services and Insurance (BFSI), IT And Telecom, Travel And Tourism, Other Industrial Verticals
Which Region Leads The Rich Communication Services (RCS) Global Market Report 2025?
In 2024, North America was the largest region leading the Rich Communication Services (RCS) market. The study covers other crucial areas including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Rich Communication Services (RCS) Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Rich Communication Services (RCS) Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rich Communication Services (RCS) Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rich Communication Services (RCS) Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rich Communication Services (RCS) Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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