A2P SMS Market to Grow at CAGR of over 4%, Expects The Insight Partners in Its New Report Available at MarketPublishers.com25 Oct 2016 • by Natalie Aster
LONDON – There is a range of factors that drive the market for application to person SMS marketing (A2P SMS), and increasing marketing activities and significant growth in the number of mobile phone subscribers are some of them. Other factors favoring this growth comprise growth in mobile payment and mobile banking, technological advancements and product developments.
A2P SMA marketing is made used in a variety of fields, such as mass voting for charity and contests, OTPs, sending confirmation messages regarding order placement, and more.
This market is currently emerging in APAC and the Middle East and Africa due to the ongoing increase in the number of mobile subscribers there.
APAC hold the number one position in the worldwide A2P SMS marketplace, and South Korea, Singapore, India, Malaysia and China are the most prominent users of A2P SMS.
The world’s A2P SMS market is forecast to grow at a CAGR of more than 4% over the period 2016-2025 to be worth USD 62.1 billion in 2025.
CLX Communications, DIMOCO and Syniverse Technologies are some of major companies globally.
New research report “A2P SMS Market to 2025 - Global Analysis and Forecasts by Type, Application and Vertical” developed by The Insight Partners offers an insightful analysis of the global A2P SMS marketplace. The study starts with an all-inclusive overview of this space, including definitions and a value chain analysis.
It further focuses on major driving forces along with restraining factors and opportunities. The report contains the five forces analysis, as well. The research study scrutinizes the competitive landscape – it covers past trends, current dynamics and future outlook for it.
The research report limelights revenue trends and delves deep into application fields. The study examines major geographies like regions and countries. Profiles of major companies as well as future projections for this marketplace are on hand in the report.
More new research studies by The Insight Partners can be found at its page.