Rich Communication Services Report: Trends, Forecast and Competitive Analysis to 2030

Rich Communication Services Trends and Forecast

The future of the global rich communication services market looks promising with opportunities in the consumers and enterprises markets. The global rich communication services market is expected to reach an estimated $23.3billion by 2030 with a CAGR of 18.3% from 2024 to 2030. The major drivers for this market are expanding population, increasing number of smartphone connections ,and growing adoption of mobile payments.

A more than 150-page report is developed to help in your business decisions.

Rich Communication Services by Segment

The study includes a forecast for the global rich communication services by enterprise size, end use, applications, and region

Rich Communication Services Market by Enterprise Size [Shipment Analysis by Value from 2018 to 2030]:

• SME's
• Large enterprises

Rich Communication Services Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Consumers
• Enterprises

Rich Communication Services Market by Applications [Shipment Analysis by Value from 2018 to 2030]:

• Advertising Campaign
• Content Delivery
• Integrated Solutions
• Others

Rich Communication Services Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Rich Communication Services Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies rich communication services companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the rich communication services companies profiled in this report include-

• AT&T
• Vodafone
• Deutsche Telekom
• Google
• Verizon
• Telefonica
• Orange Business
• China Mobile
• Slovak Telekom
• Telit

Rich Communication Services Market Insights

Lucintel forecasts that advertising campaign is expected to witness highest growth over the forecast period due to increasing popularity of mobile devices.

Within this market, consumers will remain the largest segment due to rising desire for more engaging and interactive messaging experiences.

APAC is expected to witness highest growth over the forecast period due to swift expansion of the mobile industry and growing adoption of SMS systems for marketing as well as customer relationship management in the region.

Features of the Global Rich Communication Services Market

Market Size Estimates: Rich communication services market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Rich communication services market size by enterprise size, end use, applications, and region in terms of value ($B).

Regional Analysis: Rich communication services market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different enterprise sizes, end uses, applications, and regions for the rich communication services market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the rich communication services market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the rich communication services market size?

Answer: The global rich communication services market is expected to reach an estimated $23.3billion by 2030.

Q.2 What is the growth forecast for rich communication services market?

Answer: The global rich communication services market is expected to grow with a CAGR of 18.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the rich communication services market?

Answer: The major drivers for this market are expanding population, increasing number of smartphone connections, and growing adoption of mobile payments.

Q4. What are the major segments for rich communication services market?

Answer: The future of the rich communication services market looks promising with opportunities in the consumers, and enterprises markets.

Q5. Who are the key rich communication services market companies?

Answer: Some of the key rich communication services companies are as follows:

• AT&T
• Vodafone
• Deutsche Telekom
• Google
• Verizon
• Telefonica
• Orange Business
• China Mobile
• Slovak Telekom
• Telit

Q6. Which rich communication services market segment will be the largest in future?

Answer: Lucintel forecast that advertising campaign is expected to witness highest growth over the forecast period due to increasing popularity of mobile devices.

Q7. In rich communication services market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to swift expansion of the mobile industry and growing adoption of SMS systems for marketing as well as customer relationship management in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the rich communication services market by enterprise size (SME's and large enterprises), end use (consumers and enterprises), applications (advertising campaign, content delivery, integrated solutions, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?