Press Release / Technology / A2P SMS Market Research Report by Forecast to 2023

A2P SMS Market Research Report by Forecast to 2023

A2P SMS Market Overview:
The growing to need to communicate with potential prospects on a one to one basis is urging growth of A2P SMS. Market reports linked to the information and communication technology industry have been put forward by Market Research Future which generates reports on other industry verticals that target the study of recent market scenarios better. The market is anticipated to gather revenues worth USD 50.1 billion while expanding with a CAGR of 4.7% in the forecast period.
The A2P SMS Market is fuelled by the escalating need to reach a specific client base so as to optimize the returns on marketing expenses. The enhancements in the mobile networks combined with the surge in mobile users are expected to impact the progress of the A2P SMS market positively. Furthermore, the higher emphasis on customer engagement is projected to create fresh avenues for progress in the approaching period.
Major Key Players:
The distinguished competitors in the A2P SMS market are Infobip Ltd (UK), Syniverse Technologies (US), Tata Communications (India), Trillian Group (Malta), Tyntec (Germany), Tanla Solutions (India), SAP SE (SAP Mobile Services) (Germany), CLX Communication (Sweden), MBlox Inc (US), Vonage Business (US), Mahindra Comviva (US) and Twilio Inc (US)
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Segmental Analysis:
The segmentation of the A2P SMS market is carried out on the basis of application, end-user, and region.
On the basis of application, the A2P SMS market comprises of customer relationship, pushed content service, interactive services, promotional campaigns and inquiry related services. Based on the End-User, the A2P SMS market is segmented into entertainment, BFSI, retail, and healthcare. The regions included in the A2P SMS market are Europe, North America, Asia Pacific and the rest of the world.
Detailed Regional Analysis:
The analysis of the regions in the A2P SMS market includes Europe, North America, Asia Pacific and the rest of the world. The North American region is among the noticeable regions in the A2P SMS market which will add to the revenue generation of the market on a global scale due to technological expansions and substantial application of A2P SMS equipment in a diverse end-user segment in the region.
While the increasing economies in the Asia Pacific region will observe substantial progress in the construction sector that is expected to pave the way for growing adoption of A2P services around the world.
Competitive Analysis:
The players are staunchly taking on the obstacles to progress and are building strategies that are expected to lead to a useful effect on the market’s progress. The market shows an intensified growth pace due to the constructive influence exerted by the market forces from both internally and externally.
The accretive nature of a few of the assets in the market is projected to increase the progress capability of the market. Moreover, the alliances being created in the market are projected to additionally encourage the development of the market in the approaching years. Specific areas in the market are projected to accomplish an absolute lead in the market place owing to improved strategies. The absorbed costs in the market are effortlessly dealt with, unlocking more room for expansion in the market. The promotional and miscellaneous expenses are upgraded chiefly due to the advancement of the market.
Industry Updates:
March 2019 Bandwidth, an Enterprise-grade CPaaS company recently announced the launch of its local A2P messaging solution. The API-based solution lets businesses send authorized high-volume, burst SMS messaging by means of local phone numbers over recently created 10DLC (ten-digit long code) SMS routes. Bandwidth also stated that its Local A2P Messaging offers a sanctioned path, resulting in certain delivery, quantifiable results, and improved customer experience for end users.
Dec 2018 Route Mobile, a firm that principally deals in enterprise messaging services, has established a partnership with Oracle Marketing Cloud, to offer improved consumer capabilities and messaging services. Route Mobile presents quality A2P SMS (application to person) routes around the globe. This collaboration between Oracle Marketing Cloud and Route Mobile allows firms to leverage Route Mobile’s quality networks for mobile customer engagement over SMS.
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Target Audience:

Network Operators
Homeowners
Research firms, advertising agencies
Government agencies, Associations, and telecom operators
IT
Marketers/ Retailers
Bulk SMS providers

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