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Application-to-Person SMS API Market - Trends and Forecast 2016 - 2024

01-20-2017 07:17 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Application-to-Person SMS API Market - Trends and Forecast 2016

With smartphones becoming a ubiquitous product, industries such as tourism, retail, banking, financial services, and insurance (BFSI), healthcare, entertainment, and media are surging ahead to reach out to the vast base of mobile and smartphone users through A2P SMSs.

By the end of 2014, half the world’s population had at least one mobile subscription, totaling to nearly 3.6 bn unique mobile subscribers. The numbers are expected to increase by over 1 bn by 2020 globally.

Transparency Market Research analysts state that the factor is expected to have a substantial impact on the overall development of the A2P SMS and API market in the next few years.

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The global A2P SMS API market is expected to expand at a 4.1% CAGR over the period between 2016 and 2024. The market, which held an opportunity worth US$171.9 mn in 2015, is expected to rise to US$245.9 mn by 2024.

The global market for A2P SMS is expected to rise at a 4.9% CAGR over the said period and rise from a valuation of US$37.84 bn in 2015 to US$58.01 bn by 2024.

Bulk SMS Providers to Remain Key End Users of A2P SMS APIs
Presently, the end-use segment of bulk SMS providers is the largest contributor to the A2P SMS and API market. In 2015, the segment accounted for over 34.1% share in the global market and is expected to expand at a 4.3% CAGR from 2016 through 2024, retaining its dominance in the global market through this period.

The rising popularity of bulk A2P SMSs as an effective and cheaper mode for undertaking business communications has helped the segment remain at the forefront of the market in the next few years as well.

Other end-use segments of the global A2P SMS and API market such as SMS aggregators, marketers/resellers, and telecom operators are also expected to expand at equally healthy paces over the forecasting horizon. The segments of SMS aggregators and telecom operators are both expected to rise at 4.1% CAGR from 2016 through 2024.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Albany, NY 12207
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Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

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