Global A2P SMS Market Research Report by Forecast to 2023

Global A2P SMS Market Research Report by Forecast to 2023

Global A2P SMS Market Research Report by Forecast to 2023

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Global A2P SMS Market Research Report by Forecast to 2023

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Global A2P SMS Market Research Report by Forecast to 2023

Summary Globally, the A2P market is expected to reach USD 50.1 billion by 2023 with a CAGR of 4.6% during the forecast period. The market growth is attributed to a large number of telecom services provider offering mobile value-added services. Rapid advancement in digitalization, increasing adoption of digital transactions, and rise in digital payments across all commercial sectors are driving the growth of A2P market during the forecast period. Furthermore, integrating artificial intelligence and analytics are likely to gain huge popularity in the A2P market during the assessment period.

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Global A2P SMS Market Research Report by Forecast to 2023

Major Key Players: •

Tyntec (Germany)

•

Infobip Ltd (UK)

•

Trillian Group (Malta)

•

Syniverse Technologies (US)

•

Tata Communications (India)

•

CLX Communication (Sweden)

•

MBlox Inc (US)

Segmentation: 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.

Regional Analysis: Geographically, the global A2P market is categorized into North America, Europe, Asia- Pacific, and the rest of the world.

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Global A2P SMS Market Research Report by Forecast to 2023 North America is expected to have a significant growth in the A2P market owing to the presence of a large number of mobile service providers. The US is likely to gain the highest market share owing to higher internet penetration which is associated with a higher smartphone adoption whereas Canada is expected to be the fastest growing market in the North America region attributed to increased investment in the region. While, the Asia-Pacific is expected to be the fastest growing region with a significant market share during the forecast period. The market growth is driven by China and India which has surpassed the US in terms of smartphone adoption.

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Global A2P SMS Market Research Report by Forecast to 2023

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