The global A2P (Application-to-Person) messaging market, valued at $60.12 billion in 2020, is projected to grow to $83.12 billion by 2028, expanding at a compound annual growth rate (CAGR) of 3.97% from 2021 to 2028. This growth is driven by several macro and microeconomic factors. Technological Advancements in communication technologies, including the expansion of mobile networks and the proliferation of smartphones, have enhanced the efficiency and reach of A2P messaging. The rise in digital transformation initiatives across industries has also led to an increased adoption of A2P messaging for various applications such as customer notifications, alerts, and verification codes. Additionally, the growing need for secure and reliable communication in sectors like banking, healthcare, and e-commerce contributes to the demand for A2P messaging services.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Vertical(Banking & Financial Services, Retail and eCommerce, Healthcare, Others )
By Application (Authentication Services, Promotional and Marketing Services, Interactive Messages, Others)
Key players
AT&T
Sinch
China Mobile
Infobip
Orange
Route Mobile
Comviva
Twilio
BICS
Monty Mobile
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