Newly released Rich Communication Services (RCS) Messaging Market analysis report by Future Market Insights shows that global sales of Rich Communication Services (RCS) Messaging Market in 2021 was held at USD 1.9 Billion.
| Attributes | Details |
|---|---|
| Global Rich Communication Services (RCS) Market Size (2021) | USD 1.9 Billion |
| Global Rich Communication Services (RCS) Market Size (2032) | USD 8.5 Billion |
| Global Rich Communication Services (RCS) Market CAGR (2022 to 2032) | 16% |
| USA Rich Communication Services (RCS) Market Size (2032) | USD 3.1 Billion |
| Key Companies Covered | Global Message Services; Infobip Ltd.; Interop Technologies; Mavenir; SK Telecom Co. Ltd.; Deutsche Telekom; Edgecore Networks; Google |
With 16% projected growth during 2022 to 2032, the market is expected to reach a valuation of USD 8.5 Billion by 2032. A2P is expected to be the highest revenue-generating category, projected to register CAGR of 16.1% during 2022 to 2032.
As per the Rich Communication Services (RCS) Messaging Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Rich Communication Services (RCS) Messaging Market increased at around 36.6% CAGR.
RCS texting is similar to messaging apps like WeChat and WhatsApp, and it supports SMS and MMS as well. Regardless of the network the user is on, rich features such as high-resolution pictures and video sharing, mapping directions, GPS tracking, typing indicators, the skill to add and remove participants from group conversations among others, are delivered to the device's default messaging app.
RCS is changing the way people communicate, in both peer-to-peer messaging between friends as well as business-to-business messaging.
RCS Business Messaging reduces consumers’ "fear of fraud" by indicating that the message was delivered by a verified business sender. It also provides marketers with real-time data on message delivery, readability, and whether or not recipients click on embedded app links.
By introducing new use cases to the traditional SMS channel, businesses have used RCS to improve customer engagement. RCS Business Messaging (RBM) enables brands to engage their customers more effectively by sharing high-resolution photos and videos, making it simpler to add appointments to calendars, mapping directions to physical locations, sharing a product carousel, and much more.
Airlines, for example, will be able to send boarding and seat options to customers. Besides, RCS provides numerous opportunities to businesses of all sizes. It can send information like travel package details, credit card alerts, as well as product demonstration videos. Owing to its two-way messaging capabilities, it can be used as both a communication and a conversational tool.
Due to the benefits of VO-LTE, such as simultaneous calling while internet surfing and transferring messages with images, the demand RCS has swelled. Artificial intelligence and the Internet of Things, for example, have permeated every aspect of daily life, including the use of smartphones and mobility services.
Several companies and operators support RCS. For instance, Google Chat, along with SMS and MMS, is available in the company's existing Android Messaging app. Google is currently focusing its efforts in France and the United Kingdom.
On June 2019, the service became available to some users in the United Kingdom, but its use is still dependent on the device. Vodafone has supported RCS in the UK since 2014, however only with other Vodafone customers.
North America is the most lucrative region with double-digit projected growth. Due to the growing 5G network penetration and the region's growing use of artificial intelligence (AI) and other smart connected devices, North America dominated the rich communication services market in 2021.
Furthermore, the increased demand for next-generation messaging systems, bots that shift customer service away from conversational interactions, and rich communication services provide an opportunity for mobile network operators (MNOs) to develop services based on recent technological advances for native messaging channel.
The United States is expected to account for the largest market valuation of USD 3.1 Billion by the end of 2032. Google surprised Android users in the United States when it announced that RCS messaging would be available in 2020, earlier than expected. All Android users in the United States can now upgrade to a new messaging system with a slew of new features and advantages.
According to a new Ookla 5G report, the United States leads the world in 5G availability. However, when compared to other countries that were among the first to launch 5G, the US falls short and ranks last in terms of speed. At this point, AT&T, T-Mobile, and Verizon have all announced the widespread availability of 5G versions, allowing them to claim nationwide coverage.
T-Mobile also recently passed a significant milestone in its mid-band 2.5 GHz deployment, reaching 200 million people ahead of schedule, with a goal of reaching 300 million by the end of 2023. The progressing 5G deployment and its capabilities, the RCS messaging market in the USA is projected to grow at a significant pace in the forthcoming years.
A2P or application-to-person messaging segment is forecasted to grow at the highest CAGR of over 16.1% during 2022-2032. RCS usage, as well as RCS Message as a Platform (MaaP), has recently increased in a variety of industries.
The use of A2P for mailing brand promotional messages and other transaction alerts has been slowed due to Covid-led lockdowns. Ticketing and new promotions, on the other hand, have significantly boosted sales in these industries. In contrast, A2P traffic from the healthcare and banking sectors has increased significantly.
A2P messaging is used in healthcare, hospitality, retail, transportation, gaming, financial institutions, and other industries. A2P RCS messaging supports push content services, interactive services, promotional campaigns, CRM services, and other applications.
The BFSI segment is forecasted to grow at the highest CAGR of over 15.9% during 2022-2032. Plain text will no longer suffice as the banking industry has been emphasizing building and maintaining a strong brand. Multimedia messages have increased the demand for richer media in recent years. Rich media, as well as richer content and communication, can be supported by RCS.
By incorporating a horizontally scrollable carousel with rich cards, suggestive responses, a branch locator, and other features, banks can reap significant benefits from technology.
During the forecast period, RCS Business Messaging expects an even larger market with a large user base. RCS is a new channel that is gaining traction in the global market, and many consumers are already taking advantage of its features. Using RCS, banks can include a horizontally scrollable carousel of up to ten vertically rich cards, a branch locator, suggestive responses, and other features.
Deep-linking for web-based campaigns and/or emails is a key feature that makes RCS Business Messaging ideal for banks. It also includes read recipients, delivery invoices, on-screen event tracking, and customer-specific information based on message responses.
Customers are concerned about data security as a result of banking's digital transformation. Despite the importance of personal information in banking transactions, over 60% of customers are concerned about its misuse.
With the introduction of 5G, global Rich Communication Services Demand is expected to skyrocket due to reduced latency, data, and media content delivery issues; and the key telecom operators are expected to offer RCS as part of their 5G services in the forthcoming years.
The majority of active RCS users are currently concentrated in the United States, South Korea, Japan, and Germany, where operators provide the service; however, due to Google's ongoing efforts, RCS user base in Mexico, the United Kingdom, and France is also expected to surge. These demographics are expected to shift quickly in the coming years, owing to strong 5G support.
Among the leading players in the global Rich Communication Services (RCS) Messaging market are Global Message Services, Infobip Ltd., Interop Technologies, Mavenir, SK Telecom Co. Ltd., Deutsche Telekom, Edgecore Networks, and Google. To gain a competitive advantage in the industry, these market players are investing in product launches, partnerships, mergers and acquisitions, and expansions.
Market growth is expected to be fuelled by collaborations among current players to improve quality throughout the research period. Over the projection period, established market players are expected to diversify their portfolios and offer one-stop solutions to combat fierce competition.
In May 2022, Infobip, a global cloud communications platform, has partnered with BT to assist UK business customers in scaling, designing, and orchestrating personalized customer experiences across channels such as WhatsApp, Rich Communications Services (RCS), and Facebook Messenger. In order to meet changing consumer demands, Infobip will provide messaging services to BT's business customers, particularly those in banking and finance, logistics, and the public sector, which rely on conversational channels to communicate with customers.
In January 2022, Deutsche Telekom and Google's European collaboration has expanded to include RCS messaging as well as the Android-powered MagentaTV One. Beginning with the Frankfurt Google Cloud Region, it will be made available to all of its clients. They will collaborate to accelerate cloud innovation in accordance with the new German government's digital plans, which include the establishment of a public administration cloud based on the multi-strategy and open interfaces while strictly adhering to sovereignty and disclosures.
In April 2020, Mavenir, the company's end-to-end cloud-native network software developer for CSPs announced the successful integration of its next-generation voice and messaging solution into Rakuten Link which is the communication app from Rakuten Mobile. Rakuten Link is a communication platform that adheres to the GSMA RCS specifications.
Similarly, recent developments related to companies in Rich Communication Services Market have been tracked by the team at Future Market Insights, which are available in the full report.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Europe; Asia Pacific; Middle East & Africa; Latin America |
| Key Countries Covered | United States, UK, China, South Korea, Japan |
| Key Market Segments Covered | Communication Type, Vertical, Region |
| Key Companies Profiled | Global Message Services; Infobip Ltd.; Interop Technologies; Mavenir; SK Telecom Co. Ltd.; Deutsche Telekom; Edgecore Networks; Google |
| Pricing | Available upon Request |
Table 1: Global RCS Messaging Market Value (US$ Mn), By Communication Type, 2015 – 2021
Table 2: Global RCS Messaging Market Value (US$ Mn), By Communication Type, 2022 – 2032
Table 3: Global RCS Messaging Market Value (US$ Mn), By Vertical , 2015 – 2021
Table 4: Global RCS Messaging Market Value (US$ Mn), By Vertical , 2022 – 2032
Table 5: Global RCS Messaging Market, By Region, 2015 – 2021
Table 6: Global RCS Messaging Market, By Region, 2022 – 2032
Table 7: North America RCS Messaging Market Value (US$ Mn), By Communication Type, 2015 – 2021
Table 8: North America RCS Messaging Market Value (US$ Mn), By Communication Type, 2022 – 2032
Table 9: North America RCS Messaging Market Value (US$ Mn), By Vertical , 2015 – 2021
Table 10: North America RCS Messaging Market Value (US$ Mn), By Vertical , 2022 – 2032
Table 11: North America RCS Messaging Market, By Country, 2015 – 2021
Table 12: North America RCS Messaging Market, By Country, 2022 – 2032
Table 13: Latin America RCS Messaging Market Value (US$ Mn), By Communication Type, 2015 – 2021
Table 14: Latin America RCS Messaging Market Value (US$ Mn), By Communication Type, 2022 – 2032
Table 15: Latin America RCS Messaging Market Value (US$ Mn), By Vertical , 2015 – 2021
Table 16: Latin America RCS Messaging Market Value (US$ Mn), By Vertical , 2022 – 2032
Table 17: Latin America RCS Messaging Market, By Country, 2015 – 2021
Table 18: Latin America RCS Messaging Market, By Country, 2022 – 2032
Table 19: Europe RCS Messaging Market Value (US$ Mn), By Communication Type, 2015 – 2021
Table 20: Europe RCS Messaging Market Value (US$ Mn), By Communication Type, 2022 – 2032
Table 21: Europe RCS Messaging Market Value (US$ Mn), By Vertical , 2015 – 2021
Table 22: Europe RCS Messaging Market Value (US$ Mn), By Vertical , 2022 – 2032
Table 23: Europe RCS Messaging Market, By Country, 2015 – 2021
Table 24: Europe RCS Messaging Market, By Country, 2022 – 2032
Table 25: Asia Pacific RCS Messaging Market Value (US$ Mn), By Communication Type, 2015 – 2021
Table 26: Asia Pacific RCS Messaging Market Value (US$ Mn), By Communication Type, 2022 – 2032
Table 27: Asia Pacific RCS Messaging Market Value (US$ Mn), By Vertical , 2015 – 2021
Table 28: Asia Pacific RCS Messaging Market Value (US$ Mn), By Vertical , 2022 – 2032
Table 29: Asia Pacific RCS Messaging Market, By Country, 2015 – 2021
Table 30: Asia Pacific RCS Messaging Market, By Country, 2022 – 2032
Table 31: MEA RCS Messaging Market Value (US$ Mn), By Communication Type, 2015 – 2021
Table 32: MEA RCS Messaging Market Value (US$ Mn), By Communication Type, 2022 – 2032
Table 33: MEA RCS Messaging Market Value (US$ Mn), By Vertical , 2015 – 2021
Table 34: MEA RCS Messaging Market Value (US$ Mn), By Vertical , 2022 – 2032
Table 35: MEA RCS Messaging Market, By Country, 2015 – 2021
Table 36: MEA RCS Messaging Market, By Country, 2022 – 2032
Table 37: Global RCS Messaging Market Incremental $ Opportunity, By Communication Type, 2015 - 2021
Table 38: Global RCS Messaging Market Incremental $ Opportunity, By Vertical , 2022 – 2032
Table 39: Global RCS Messaging Market Incremental $ Opportunity, By Region, 2022 – 2032
Table 40: North America RCS Messaging Market Incremental $ Opportunity, By Communication Type, 2015 - 2021
Table 41: North America RCS Messaging Market Incremental $ Opportunity, By Vertical , 2022 – 2032
Table 42: North America RCS Messaging Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 43: Latin America RCS Messaging Market Incremental $ Opportunity, By Communication Type, 2015 - 2021
Table 44: Latin America RCS Messaging Market Incremental $ Opportunity, By Vertical , 2022 – 2032
Table 45: Latin America RCS Messaging Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 46: Europe RCS Messaging Market Incremental $ Opportunity, By Communication Type, 2015 - 2021
Table 47: Europe RCS Messaging Market Incremental $ Opportunity, By Vertical , 2022 – 2032
Table 48: Europe RCS Messaging Market Incremental $ Opportunity, By Country, 2022 - 2032
Table 49: Asia Pacific RCS Messaging Market Incremental $ Opportunity, By Communication Type, 2015 - 2021
Table 50: Asia Pacific RCS Messaging Market Incremental $ Opportunity, By Vertical , 2022 – 2032
Table 51: Asia Pacific RCS Messaging Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 52: MEA RCS Messaging Market Incremental $ Opportunity, By Communication Type, 2015 - 2021
Table 53: MEA RCS Messaging Market Incremental $ Opportunity, By Vertical , 2022 – 2032
Table 54: MEA RCS Messaging Market Incremental $ Opportunity, By Country, 2022 - 2032
Figure 1: Global RCS Messaging Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 2: Global RCS Messaging Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn
Figure 3: Global RCS Messaging Market Share, By Communication Type, 2022 & 2032
Figure 4: Global RCS Messaging Market Y-o-Y Growth Projections, By Communication Type – 2022-2032
Figure 5: Global RCS Messaging Market Attractiveness Index, By Communication Type – 2022-2032
Figure 6: Global RCS Messaging Market Share, By Vertical , 2022 & 2032
Figure 7: Global RCS Messaging Market Y-o-Y Growth Projections, By Vertical;– 2022-2032
Figure 8: Global RCS Messaging Market Attractiveness Index, By Vertical – 2022-2032
Figure 9: Global RCS Messaging Market Share, By Region, 2022 & 2032
Figure 10: Global RCS Messaging Market Y-o-Y Growth Projections, By Region – 2022-2032
Figure 11: Global RCS Messaging Market Attractiveness Index, By Region – 2022-2032
Figure 12: North America RCS Messaging Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 13: North America RCS Messaging Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 14: North America RCS Messaging Market Share, By Communication Type, 2022 & 2032
Figure 15: North America RCS Messaging Market Y-o-Y Growth Projections, By Communication Type – 2022-2032
Figure 16: North America RCS Messaging Market Attractiveness Index, By Communication Type – 2022-2032
Figure 17: North America RCS Messaging Market Share, By Vertical , 2022 & 2032
Figure 18: North America RCS Messaging Market Y-o-Y Growth Projections, By Vertical – 2022-2032
Figure 19: North America RCS Messaging Market Attractiveness Index, By Vertical – 2022-2032
Figure 20: North America RCS Messaging Market Share, By Country, 2022 & 2032
Figure 21: North America RCS Messaging Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 22: North America RCS Messaging Market Attractiveness Index, By Country – 2022-2032
Figure 23: Latin America RCS Messaging Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 24: Latin America RCS Messaging Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 25: Latin America RCS Messaging Market Share, By Communication Type, 2022 & 2032
Figure 26: Latin America RCS Messaging Market Y-o-Y Growth Projections, By Communication Type – 2022-2032
Figure 27: Latin America RCS Messaging Market Attractiveness Index, By Communication Type – 2022-2032
Figure 28: Latin America RCS Messaging Market Share, By Vertical , 2022 & 2032
Figure 29: Latin America RCS Messaging Market Y-o-Y Growth Projections, By Vertical – 2022-2032
Figure 30: Latin America RCS Messaging Market Attractiveness Index, By Vertical – 2022-2032
Figure 31: Latin America RCS Messaging Market Share, By Country, 2022 & 2032
Figure 32: Latin America RCS Messaging Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 33: Latin America RCS Messaging Market Attractiveness Index, By Country – 2022-2032
Figure 34: Europe RCS Messaging Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 35: Europe RCS Messaging Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 36: Europe RCS Messaging Market Share, By Communication Type, 2022 & 2032
Figure 37: Europe RCS Messaging Market Y-o-Y Growth Projections, By Communication Type – 2022-2032
Figure 38: Europe RCS Messaging Market Attractiveness Index, By Communication Type – 2022-2032
Figure 39: Europe RCS Messaging Market Share, By Vertical , 2022 & 2032
Figure 40: Europe RCS Messaging Market Y-o-Y Growth Projections, By Vertical – 2022-2032
Figure 41: Europe RCS Messaging Market Attractiveness Index, By Vertical ;– 2022-2032
Figure 42: Europe RCS Messaging Market Share, By Country, 2022 & 2032
Figure 43: Europe RCS Messaging Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 44: Europe RCS Messaging Market Attractiveness Index, By Country – 2022-2032
Figure 45: MEA RCS Messaging Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 46: MEA RCS Messaging Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 47: MEA RCS Messaging Market Share, By Communication Type, 2022 & 2032
Figure 48: MEA RCS Messaging Market Y-o-Y Growth Projections, By Communication Type – 2022-2032
Figure 49: MEA RCS Messaging Market Attractiveness Index, By Communication Type – 2022-2032
Figure 50: MEA RCS Messaging Market Share, By Vertical , 2022 & 2032
Figure 51: MEA RCS Messaging Market Y-o-Y Growth Projections, By Vertical – 2022-2032
Figure 52: MEA RCS Messaging Market Attractiveness Index, By Vertical – 2022-2032
Figure 53: MEA RCS Messaging Market Share, By Country, 2022 & 2032
Figure 54: MEA RCS Messaging Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 55: MEA RCS Messaging Market Attractiveness Index, By Country – 2022-2032
Figure 56: Asia Pacific RCS Messaging Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 57: Asia Pacific RCS Messaging Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 58: Asia Pacific RCS Messaging Market Share, By Communication Type, 2022 & 2032
Figure 59: Asia Pacific RCS Messaging Market Y-o-Y Growth Projections, By Communication Type – 2022-2032
Figure 60: Asia Pacific RCS Messaging Market Attractiveness Index, By Communication Type – 2022-2032
Figure 61: Asia Pacific RCS Messaging Market Share, By Vertical , 2022 & 2032
Figure 62: Asia Pacific RCS Messaging Market Y-o-Y Growth Projections, By Vertical – 2022-2032
Figure 63: Asia Pacific RCS Messaging Market Attractiveness Index, By Vertical – 2022-2032
Figure 64: Asia Pacific RCS Messaging Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific RCS Messaging Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 66: Asia Pacific RCS Messaging Market Attractiveness Index, By Country – 2022-2032
Figure 67: US RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 68: US RCS Messaging Market Share, By Communication Type, 2021
Figure 69: US RCS Messaging Market Share, By Vertical , 2021
Figure 70: Canada RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 71: Canada RCS Messaging Market Share, By Communication Type, 2021
Figure 72: Canada RCS Messaging Market Share, By Vertical , 2021
Figure 73: Brazil RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 74: Brazil RCS Messaging Market Share, By Communication Type, 2021
Figure 75: Brazil RCS Messaging Market Share, By Vertical , 2021
Figure 76: Mexico RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 77: Mexico RCS Messaging Market Share, By Communication Type, 2021
Figure 78: Mexico RCS Messaging Market Share, By Vertical , 2021
Figure 79: Germany RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 80: Germany RCS Messaging Market Share, By Communication Type, 2021
Figure 81: Germany RCS Messaging Market Share, By Vertical , 2021
Figure 82: U.K. RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 83: U.K. RCS Messaging Market Share, By Communication Type, 2021
Figure 84: U.K. RCS Messaging Market Share, By Vertical , 2021
Figure 85: France RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 86: France RCS Messaging Market Share, By Communication Type, 2021
Figure 87: France RCS Messaging Market Share, By Vertical , 2021
Figure 88: Italy RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 89: Italy RCS Messaging Market Share, By Communication Type, 2021
Figure 90: Italy RCS Messaging Market Share, By Vertical , 2021
Figure 91: BENELUX RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 92: BENELUX RCS Messaging Market Share, By Communication Type, 2021
Figure 93: BENELUX RCS Messaging Market Share, By Vertical , 2021
Figure 94: Nordic Countries RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 95: Nordic Countries RCS Messaging Market Share, By Communication Type, 2021
Figure 96: Nordic Countries RCS Messaging Market Share, By Vertical , 2021
Figure 97: China RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 98: China RCS Messaging Market Share, By Communication Type, 2021
Figure 99: China RCS Messaging Market Share, By Vertical , 2021
Figure 100: Japan RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 101: Japan RCS Messaging Market Share, By Communication Type, 2021
Figure 102: Japan RCS Messaging Market Share, By Vertical , 2021
Figure 103: South Korea RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 104: South Korea RCS Messaging Market Share, By Communication Type, 2021
Figure 105: South Korea RCS Messaging Market Share, By Vertical , 2021
Figure 106: GCC Countries RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 107: GCC Countries RCS Messaging Market Share, By Communication Type, 2021
Figure 108: GCC Countries RCS Messaging Market Share, By Vertical , 2021
Figure 109: South Africa RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 110: South Africa RCS Messaging Market Share, By Communication Type, 2021
Figure 111: South Africa RCS Messaging Market Share, By Vertical , 2021
Figure 112: Turkey RCS Messaging Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 113: Turkey RCS Messaging Market Share, By Communication Type, 2021
Figure 114: Turkey RCS Messaging Market Share, By Vertical , 2021
The global Rich Communication Services (RCS) Messaging Market is worth more than USD 1.4 Billion at present.
The value of Rich Communication Services (RCS) Messaging Market is projected to increase at a CAGR of around 16% during 2022 to 2032.
The value of Rich Communication Services (RCS) Messaging Market increased at a CAGR of around 36.6% during 2017 to 2021.
Increasing investments in LTE and the IP multimedia subsystem to enable the next generation of broadband mobile services stands as the key trend in Rich Communication Services (RCS) Messaging market.
The market for Rich Communication Services (RCS) Messaging Market in US is projected to expand at a CAGR of around 15.7% during 2022 to 2032.
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