Rich Communication Services Market Surges to $12,279 Mn, Fuelled by Enhanced User Experience and Interactivity By 2027



Enhanced user experience, demand for multimedia messaging, and integration with AI propel the growth of the Rich Communication Services market.

PORTLAND, ORIGON, UNITED STATES, December 4, 2023 / -- Growing awareness about the benefits of RCS over existing OTT services, rise in number of online marketing & advertising companies among small and medium enterprises, development of voice over long term evolution technology (Vo-LTE) along with mobility service, and surge in adoption of cloud-based services for managing mobile content drive the global rich communication services market. On the other hand, limited end to end encryption solutions and increasing competition over over-the-top (OTT) platforms restrain the growth to some extent. However, penetration of 5G networks and smartphones across the globe is expected to usher in an array of opportunities in the industry.

Request Sample Report at:

Covid-19 scenario:

➢ The outbreak of the pandemic led to rise in demand for rich communication services, since health organizations across the world chose to communicate more effectively with public.

➢ Also, the demand for A2P communication has increased to a significant extent, which in turn has strengthened the global market for rich communication services.

☛ For Report Customization:

Based on organization size, the large enterprises segment contributed to nearly three-fifths of the global rich communication services market revenue in 2019, and is anticipated to rule the roost by 2027. The implementation of rich communication service is helping IT & telecommunication teams of large enterprises to change the way of communication with messaging, which can deliver rich content. This factor is driving the growth of the segment. The SME's segment, on the other hand, would register the fastest CAGR of 36.6% throughout the forecast period. Growing focus on sharing rich content and rise in awareness about the benefits of audio visual messaging across SMEs fuel the segment growth.

Based on geography, North America held the major share in 2019, generating around two-fifths of the global rich communication services market, due to high penetration of 5G network and growing use of artificial intelligence (AI) & other smart connected devices in the continent. Simultaneously, the Asia-Pacific segment would grow at the fastest CAGR of 39.8% from 2020 to 2027, owing to increasing demand for rich communication service across the province.

☛ Buy Now & Get Exclusive Discount On This Report:

Based on deployment type, the cloud segment accounted for more than half of the global rich communication services market share in 2019, and is projected to lead the trail by 2027. The same segment would also exhibit the fastest CAGR of 36.4% during the forecast period. Rise in adoption of cloud-based RCS solution among both large and mid-sized enterprises propels the segment growth.

Leading Market Players

➢ AT&T Inc.

➢ Vodafone Idea Limited

➢ Google LLC/Alphabet Inc.

➢ Verizon Communications Inc.

➢ Deutsche Telekom AG

➢ China Mobile

➢ Ericsson

➢ Huawei Technologies Co. Ltd

➢ ZTE Corporation

➢ SK Telecom

☛ Inquiry Before Buying:

Similar Report:

1. Communication Intelligence Market

2. Rich Communication Suite Market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media: