The Infinium Global Research analyzes the Rich Communication Services (RCS) Market over the period of 2020 to 2026. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global rich communication services (RCS) market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of rich communication services (RCS). The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the rich communication services (RCS) market during the period.
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High Penetration Rate of Smartphones is One of the Major Factors Augmenting the Market
The high penetration rate of smartphones is one of the major factors augmenting the market. In 2020, it is estimated that the number of Smartphone users in the world is near about 3.5 billion. Moreover, mobile manufacturers, telecom vendors, and third-party application providers are equally supported by rich communication services and are likely to have a positive impact on market growth. Furthermore, RCS plays a major role in the marketing and advertising efforts in order to provide more authentic engagement opportunities that are another factor boosting the market growth. The increasing popularity about over the top (OTT) services is one of the challenges that the market players have to address over the past few years. Several communications vendors have been partnered with various telecom operators to provide rich multimedia content to their customers. This creates greater growth opportunities for the market. For instance, in 2019, Karix Mobile, Service Providers of unified communication solutions had partnered with Google and Reliance Jio Infocomm to support Rich Communication Services.
North America is Accounted to Hold A Substantial Share in the Global Rich Communication Market
Among the region, the global Rich Communication Services market is segmented into North America, Europe, Asia Pacific, and Row. North America is accounted to hold a substantial share in the global rich communication market due to the presence of numerous RCS market players and the high adoption rate of advanced technologies in this region. The U.S. is expected to lead the 5G the rollout, of the first 5G commercial networks. The Asia Pacific is expected to have the fastest-growing region in the global market over the forecast years. The developing countries such as China, Japan, South Korea, and India primarily power the market growth in this region. Additionally, growth in population, rising disposable income along with increasing Smartphone users, and the use of advanced SMS systems for marketing are some factors contributes to the market growth. Furthermore, it is estimated that India had 502.2 million Smartphone users as of December 2019.
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Rich Communication Market: Segmentation
The report on the global rich communication services (RCS) market covers segments such as communication type, deployment, and services. On the basis of communication type, the sub-markets include A2P, P2A, and P2P. On the basis of deployment, the sub-markets include cloud, and on-premise. On the basis of services, the sub-markets include content sharing, IP video call, VoIP, file transfer, and chat.
Rich Communication Market: Companies Profiled
The report provides profiles of the companies in the market such as Acision, Orange S.A., Comverse Technology, Inc., SK Telecom Co., Ltd, Xura, Inc., Vodafone Group plc, SAP America Inc, Nokia Networks, Huawei Device Co., Ltd., and Mavenir.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the rich communication services (RCS).
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2026.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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