The application-to-person (A2P) SMS market size is estimated to grow at a CAGR of 4.25% between 2022 and 2027. The size of the market is forecast to increase by USD 13,011.44 million, according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including – 42 Telecom Ltd., AMD Telecom SA, BICS, China Telecom Global Ltd., Comviva Technologies Ltd., Genesys Telecommunications Laboratories Inc., Infobip Ltd., Monty Mobile, Route Mobile Ltd., Silverstreet BV, Sinch AB, SMS Global, Syniverse Technologies LLC, Tanla Solutions Ltd., Tata Communications Ltd., tyntec GmbH Hofmannstrasse, Vonage Holdings Corp., Bharti Airtel Ltd., Twilio Inc., and Vodafone Group Plc.– Download Sample Report in minutes.
Application-to-Person (A2P) SMS Market Insights –
- Vendors: 15+, Including 42 Telecom Ltd., AMD Telecom SA, BICS, China Telecom Global Ltd., Comviva Technologies Ltd., Genesys Telecommunications Laboratories Inc., Infobip Ltd., Monty Mobile, Route Mobile Ltd., Silverstreet BV, Sinch AB, SMS Global, Syniverse Technologies LLC, Tanla Solutions Ltd., Tata Communications Ltd., tyntec GmbH Hofmannstrasse, Vonage Holdings Corp., Bharti Airtel Ltd., Twilio Inc., and Vodafone Group Plc, among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
- Segments: component (platform and service), application (promotional campaigns, CRM, pushed content, interactive services, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa)
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Key Driver- The increase in the number of smart-connected devices is a key factor driving market growth. This growth is due to various benefits offered by these connected devices, such as it becomes easier to monitor, manage, and maintain communication with the end users. As a result, the demand for A2P SMS solutions is rising as they help consumers to simplify content management and efficiently monitor promotional campaigns. Furthermore, using mobile devices, employees can access confidential data from remote locations. Traveling executives, sales representatives, and field workers are the example of mobile workers. A2P messaging services, which uses authentication method to safeguard sensitive information from malware attacks, is been implemented by many companies. Hence, the increase in demand for smart-connected devices is expected to drive market growth during the forecast period.
Major Trends- The implementation of the BYOD policy in enterprises is an emerging trend in the market.
Significant Challenges- The inferior telecom infrastructure in developing regions is a significant challenge restricting market growth.
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The application-to-person (A2P) SMS market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.
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What are the key data covered in this Application-to-Person (A2P) SMS Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the application-to-person (A2P) SMS market between 2023 and 2027
- Precise estimation of the size of the application-to-person (A2P) SMS market and its contribution to the market with a focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the application-to-person (A2P) SMS market across APAC, North America, Europe, South America, and the Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of application-to-person (A2P) SMS market vendors