PUBLISHER: The Business Research Company | PRODUCT CODE: 1270367
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270367
“A2P Messaging Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on a2p messaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for a2p messaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The a2p messaging market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the a2p messaging market are AT&T Inc., Orange S.A., Twilio Inc., Tata Communications Limited (Tata Group), Sinch AB, China Mobile Limited, Comviva Technologies Limited, Route Mobile Limited, Monty Mobile., Syniverse , Global Message Services, Tyntec Silverstreet, Vonage , Genesys , BICS SA/NV, Cequens, Clickatell, Dexatel Global Message Services AG, Kaleyra Inc., MessageBird B.V, and Mitto.
The global A2P messaging market is expected to grow from $67.33 billion in 2022 to $70.28 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The A2P messaging market is expected to reach $82.63 billion in 2027 at a CAGR of 4.1%.
The A2P messaging market includes revenues earned by entities by providing messaging services such as two-factor authentication, emergency alerts, and appointment reminders. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
A2P messaging is message traffic in which a person gets messages from a software or application platforms rather than from a person and does not anticipate a response. It is used to enable businesses to automate the transfer of large volumes of messages to facilitate the delivery of business-critical messages.
North America was the largest region in the A2P messaging market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the A2P messaging report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main component of A2P messaging is the platform and A2P service. Platform refers to an A2P messaging services platform, a software tool used to deliver SMS or MMS messages in bulk or individually. The SMS traffic is national traffic and multi-country. The deployment modes are on-premises and cloud. The various applications involved authentication services, promotional and marketing services, customer relationship management services, pushed content services, interactive messages, and others, which are used by banking, financial services, insurance, retail and e-commerce, e-governance, hyperlocal businesses, healthcare, travel and hospitality and others.
Increasing penetration of smartphones is expected to propel the growth of the A2P Messaging market going forward. A smartphone refers to a portable electronic device that connects to the internet and cellular networks. A2P messaging helps smartphone users receive messages from a business application for marketing or customer service purposes, mainly via an automated procedure. For instance, in March 2020, according to a report by GSMA, a UK-based global member-led organization representing the mobile industry, in the year 2019, the number of smartphone adoption connections was 5.2 billion, comprising 67% of the world's population, and would reach 75% in 2022, and is expected to reach 7.1 billion by 2025. Therefore, the increasing penetration of smartphones is driving the growth of the A2P Messaging market.
Technology advancement is a key trend gaining popularity in the A2P Messaging market. Major companies operating in the A2P messaging market are focused on developing new technological solutions to strengthen their position. For instance, in July 2021, Dotgo, a US-based company operating in A2P messaging, launched the RichSMS service, built on RichSMS technology, which enables SMS messages to be delivered over RCS without requiring any software changes and increases customer loyalty by providing greater security, trust, and branding for business-to-consumer communication. The unique features of RichSMS include that its users receive a similar message along with the company logo and verified trust mark on their RCS-capable phones. It provides increased customer experience, branding, and security.
In November 2021, Sinch, a Sweden-based cloud communication platform provider, acquired MessageMedia for $1.3 billion. With this acquisition, Sinch expects to improve its performance and customer engagement, mainly among small and medium enterprises, and expand internationally. MessageMedia is an Australian-based company operating in A2P messaging.
The countries covered in the A2P messaging market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The A2P messaging market research report is one of a series of new reports from The Business Research Company that provides A2P messaging market statistics, including A2P messaging industry global market size, regional shares, competitors with an A2P messaging market share, detailed A2P messaging market segments, market trends and opportunities, and any further data you may need to thrive in the A2P messaging industry. This A2P messaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.