According to the latest report by IMARC Group, titled, “A2P Messaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global A2P messaging market share, size, trends and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the A2P messaging market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 66.9 Billion |
| Market Forecast in 2028 | US$ 85.6 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.1% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is A2P messaging?
Application-to-person (A2P) messaging represents a type of service that usually involves sending automated MMS or SMS messages via third-party applications run by an enterprise to customers over their smartphones or mobile devices. It generally enables an efficient means of communication for businesses to connect with their consumers easily. Some of the commonly used A2P messaging solutions include notifications, marketing campaigns, alerts, promotional codes, one-time passwords (OTP), and other bulk messages. They allow organizations to interact and engage with their consumer base more often in a more reliable, faster, and cost-effective manner. In recent times, A2P messaging has gained extensive traction as a popular sales and marketing communications tool for brands.
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What are the growth prospects and trends in the A2P messaging industry?
The growing adoption of this service by businesses for advertising purposes to promote brands, events, product launches, and other activities is primarily driving the A2P messaging market. Additionally, the rising penetration of smartphones and the rising focus on customer acquisition and engagement are further stimulating the market growth. Besides this, the escalating demand for A2P messaging, as it facilitates personalized, real-time, targeted, and automated communication between enterprises and customers, is acting as another significant growth-inducing factor. Moreover, the easy availability of high-speed internet is positively influencing the global market. Apart from this, the emerging trend of mobile advertising is also bolstering the market growth. Furthermore, the inflating need among organizations to offer improved customer service and interactions to stay competitive and the elevating popularity of e-commerce platforms are expected to propel the A2P messaging market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Platform
- A2P Service
Breakup by Deployment Mode:
- On-premises
- Cloud-based
Breakup by SMS Traffic:
- National Traffic
- Multi-Country
Breakup by Application:
- Authentication Services
- Promotional and Marketing Services
- Pushed Content Services
- Interactive Messages Services
- Customer Relationship Management Services
- Others
Breakup by End User:
- BFSI
- Retail and Ecommerce
- E-Governance
- Hyperlocal Businesses
- Healthcare
- Travel and Hospitality
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- BICS SA/NV (Proximus Group)
- China Mobile Limited
- Comviva (Tech Mahindra)
- Infobip Ltd.
- Monty Mobile
- Orange S.A.
- Route Mobile Limited
- Sinch AB
- Tata Communications Limited
- Twilio Inc.
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