Press release
Revolutionizing Communication with Rich Messaging Services
According to The Business Research Company's, The rich communication services (rcs) market size has grown exponentially in recent years. It will grow from $5.55 billion in 2023 to $7.5 billion in 2024 at a compound annual growth rate (CAGR) of 35.3%. The growth in the historic period can be attributed to shift from sms to rich media, smartphone proliferation, mobile internet accessibility, consumer demand for enhanced messaging, collaboration between mobile operators.
The rich communication services (rcs) market size is expected to see exponential growth in the next few years. It will grow to $25.15 billion in 2028 at a compound annual growth rate (CAGR) of 35.3%. The growth in the forecast period can be attributed to 5g network rollout, increased focus on customer engagement, integration with chatbots and ai, rise of conversational commerce, global expansion of rcs ecosystem. Major trends in the forecast period include advancements in mobile network technologies, integration with business communication, carrier partnerships and rcs rollouts, multichannel communication platforms.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/rich-communication-services-rcs-global-market-report
Market Drivers and Trends:
The increasing adoption of mobile service subscribers is anticipated to drive the growth of the rich communication services (RCS) market. Mobile service subscribers refer to individuals or companies that have signed up for a mobile phone service supplied by a mobile network operator and have access to services such as voice calls, text messaging, and data services on their mobile devices. Rich communication services (RCS) have the potential to promote mobile service subscriber uptake by providing a more engaging, interactive, and feature-rich messaging experience than traditional SMS texting. For instance, in February 2023, according to the Office of Communications, a UK-based intergovernmental organization, the overall number of active UK mobile subscribers was 83.25 million at the end of March 2022. This is equivalent to a 2% rise starting in March 2021. Therefore, the increasing adoption of mobile service subscribers is driving the growth of the rich communication services (RCS) market.
Technological advancement is a key trend gaining popularity in the rich communication services (RCS) market. Companies operating in the rich communication services (RCS) market are adopting new technologies to sustain their position in the market. For instance, in September 2022, Kirusa, a US-based communication solutions provider, launched the RichOTP service. With RichOTP, companies can send secure OTPs to their customers' mobile devices through the messaging app, which provides a more reliable and secure method than traditional SMS messaging. The service is designed to make it easier for companies to deliver OTPs, essential for secure transactions and account verification.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10196&type=smp
Major Key Players of the Market:
AT&T Inc.; Vodafone Idea Limited; Deutsche Telekom AG; Google LLC; Verizon Communications Inc.; SK Telecom Co. Ltd.; ZTE Corporation; Global Message Services; HRMavenir Systems Inc.; Infobip Ltd.; Huawei Technologies Co. Ltd.; T-Mobile Inc.; Ericssion; Reliance Jio Infocomm Limited; Swisscom AG; Telefónica S.A.; Bell Canada Enterprises Inc.; TELUS Communications Inc.; Rogers Communications Inc.; China Mobile Communications Corporation; NTT Docomo Inc.; SoftBank Group Corporation; KDDI Corporation; KT Corporation; LG Uplus Corp.; Singapore Telecommunications Limited; StarHub Limited; M1 Limited; True Corporation Public Company Limited; TOT Public Company Limited; Total Access Communication PCL (DTAC); Advanced Info Service Public Company Limited
Rich Communication Services (RCS) Market 2024 Key Insights:
• The rich communication services (rcs) market will grow to $25.15 billion in 2028 at a compound annual growth rate (CAGR) of 35.3%.
• Rising Mobile Service Subscribers Propel The Rich Communication Services (RCS) Market
• Innovative Technological Advances Revolutionizing The Rich Communication Services (RCS) Market
• North America was the largest region in the rich communication services (RCS) market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10196&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Revolutionizing Communication with Rich Messaging Services here
News-ID: 3750129 • Views: …
More Releases from The Business Research Company
Global High-Resolution Anoscopy Market Outlook 2025-2034: Trends, Innovations, A …
The High-Resolution Anoscopy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the High-Resolution Anoscopy Market Size and Projected Growth Rate?
The market size for high-resolution anoscopy has experienced significant growth over the past few years. The market is predicted to increase from $15.03 billion…
Condyloma Acuminata Treatment Market Size Projected To Reach $2.2 Billion By 203 …
"The Condyloma Acuminata Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Condyloma Acuminata Treatment Market Size During the Forecast Period?
In the past few years, the condyloma acuminata treatment market has seen significant growth. The market value, which is anticipated to…
Household Type Fans Market Forecast 2025-2034: Comprehensive Analysis And Growth …
"The Household Type Fans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Household Type Fans Market?
The market size for household fans has seen consistent expansion in recent years. The projections indicate an increase from $32.22 billion in 2024…
Grain Fumigants Industry Report 2025-2034: Market Dynamics, Trends, And Forecast …
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Grain Fumigants Market Size During the Forecast Period?
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
More Releases for Communication
Communication Officer
Petromindo announced that is has launched its latest product called Indonesian Hydrogen Report which dissects hydrogen future in Indonesia, its latest status, project plan, and future hydrogen facility. The report elaborates the current hydrogen production and supply in Indonesia as well explaining the producers of hydrogen. The report also describes the plans that has been laid and announced to produce green hydrogen and also map out the sweet spots for…
Global Oilfield Communications Market Derived by Communication Network - VSAT Co …
“The increasing investments and enhancing network infrastructure, rising technological advancements for communication across oilfields, and increasing demand from oil and gas operators to scale the production of mature oilfields, are expected to act as growth drivers for the oilfield communications market.”
The global oilfield communications market size grew from USD 3.4 billion in 2020 to USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.5% during the…
CRISIS COMMUNICATION – COMMUNICATION IN CRISES
FIT EUROPE CONFERENCE TRANSLATION AND INTERPRETING IN CRISIS SETTINGS
Friday, 21 June 2019, in the Kosmas Psychopaidis Auditorium, National Centre for Public Administration and Local Government (EKKDA), 211 Pireos Street, Tavros, Athens 177 78
The event is an EU/DGT Translating Europe Workshop organised in partnership with FIT Europe and is being held with the support of…
Next Generation Communication Technologies Market Report 2018: Segmentation by W …
Global Next Generation Communication Technologies market research report provides company profile for Nokia, Qualcomm, Ericsson, NTT DoCoMo, AT&T, Verizon, SK TelecomG and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides…
Global Military Communications Market Report forecast to 2025 by Applications - …
Military Communications Market Status and Forecast 2025
This Write up presents in detail analysis of Military Communications Market especially market drivers, challenges, vital trends, standardization, deployment models, opportunities, future roadmap, manufacturer’s case studies, value chain, organization profiles, Sales Price and Sales Revenue, Sales Market Comparison and strategies.
The Military Communications market Report provides a detailed analysis of the Military Communications industry. It provides an analysis of the past 5 years and a future forecast till the year…
Global B2B Telecommunication Market Size, Status and Forecast 2022 : VoIP Commun …
This report studies the global B2B Telecommunication market, analyzes and researches the B2B Telecommunication development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
China Mobile Limited
Telstra Corporation Limited
Verizon Communications
Telefonica SA
Deutsche Telekom AG
Sprint Corporation (Soft Bank Group Corporation)
AT&T
Vodafone Group PLC
NTT Communications Corporation
Orange SA
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, B2B Telecommunication…
