DUBLIN, Oct. 23, 2023 /PRNewswire/ — The “Rich Communications Suite (RCS) Services – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Rich Communications Suite (RCS) Services Market to Reach $69.7 Billion by 2030

The global market for Rich Communications Suite (RCS) Services estimated at US$7.8 Billion in the year 2022, is projected to reach a revised size of US$69.7 Billion by 2030, growing at a CAGR of 31.5% over the analysis period 2022-2030.

A2P, one of the segments analyzed in the report, is projected to record 31.1% CAGR and reach US$48.3 Billion by the end of the analysis period. Growth in the P2p segment is estimated at 29% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 37.4% CAGR

The Rich Communications Suite (RCS) Services market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2030 trailing a CAGR of 37.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 31.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 27.1% CAGR.

What`s New?

• Special discussions on the global economic climate and market sentiment

• Coverage on global competitiveness and key competitor percentage market shares

• Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial

• Online interactive peer-to-peer collaborative bespoke updates

• Access to digital archives and trademarked research platform

• Complimentary updates for one year

• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

• Rich Communications Suite (RCS) Services – Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• Indispensability of Messaging in Modern Life & Communication Provides the Foundation for the Rise of RCS

• The Rise & Ubiquity of Messaging Bodes Well For the Adoption & Proliferation of RCS: Global Number of Mobile Phone Messaging App Users (In Billion) for Years 2018, 2020, 2022, 2024, & 2026

• The Entire Base of Smartphone Users Represent the Target Market for RCS: Global Number of Smartphone Users (In Billion) for Years 2018, 2020, 2022, 2024 & 2026

• Rich Communications Services (RCS): Definition, Overview, Importance & Benefits Introduction

• Recent Market Activity

• Innovations

Story continues

MARKET TRENDS & DRIVERS

• Rise of Digital Marketing Opens Up New Opportunities for Adoption of RCS

• Growing Spending on Digital Marketing, Especially Mobile Marketing, Highlights the Importance of Messaging based Ads: Global Spending on Digital Advertising & Marketing (In US$ Billion) for Years 2021, 2023, 2025 and 2027

• Here’s How RCS Will Revolutionize Digital Marketing

• Tightening Regulations for OTT Content Including Messaging Triggers Shift Towards RCS

• Migration from SMS to RCS Gets Underway

• As Enterprises Migrate to RCS Communication Platform, RCS Business Messages to Witness Robust Growth

• Rise of Conversational Commerce Bodes Well for Adoption of RCS

• Growing Spending on Conversational Commerce to Amplify Opportunities for RCS in the Retailing Space: Global Spending on Conversational Commerce (In US$ Billion) for Years 2021, 2023, 2025 and 2027

• Telecom Operators to Offer RCS as Part of 5G Services

• 5G Makes its Debut

• RCS Brings the Promise of Enhancing 5G, an Opportunity Telecom Operators Cannot Ignore: Global Number of 5G Subscriptions (In Million) for Years 2020, 2022, 2024, 2026

• 5G SMS is Here to Stay!

• Benefits of 5G RCS

• Led by China, Competition Heats up

• As Hospitals Tap into Text Messaging to Optimize Patient Communication, RCS to Witness Strong growth

• Growing Popularity of A2P Messaging, Catalyzed the Pandemic Drives Opportunities for RCS

FOCUS ON SELECT PLAYERS (Total 252 Featured)

• Apple, Inc.

• AT&T, Inc.

• Adobe Inc.

• Alcatel-Lucent Enterprise

• Adigo

• 3CX Ltd.

• Actis Technologies Pvt., Ltd.

• Anet Co., Ltd. (Advanced Network Systems)

• Allstream Business Inc.

• 3P TECHNOLOGIES S.r.l.

• 5IS

• AhoyRTC

• Aonta Technologies

• 247meeting

• 1-VoIP

For more information about this report visit https://www.researchandmarkets.com/r/ppv842

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/global-rich-communications-suite-rcs-services-strategic-market-report-2023-market-to-reach-69-7-billion-by-2030—heres-how-rcs-will-revolutionize-digital-marketing-301964340.html

SOURCE Research and Markets