Comviva NewsLetter The Futurist - September Edition, 2019 | Page 11

11 DIGITAL DISRUPTION SEPTEMBER 2019 The Rise of RCS Since its first release in 2008 and until 2011, there was no real mobile operator support to RCS. significant support from Google and Samsung, among other technology platforms. Fast-forward to November 2016, P2P Universal Profile RCS messaging was released, followed by the mid-2017 release of the Universal Profile 2.0, a simpler unified standard with But why should businesses consider RCS in their mobile communications? For starters, these stats provide a compelling case. JUNIPER RESEARCH Businesses Will send an estimated 2.7 trillion SMS Messages by 2022 2.7 Trillion GSMA INTELLIGENCE 86% of Smartphones will be RCS-enabled by 2020 GSMA 86% Business messaging market is projected to reach $74 billion by 2021 RCS provides businesses with opportunities that can address and serve customers making B2C interactions more user-friendly whatever the device they have. RCS makes it easier for companies to get their customers $74 Bn to stay engaged. Today a customer can receive promotional marketing, book appointments, make payments, receive documentation and itineraries and even receive important notifications and alerts. RCS Versus SMS: Features that come with RCS that aren’t offered by SMS Larger 8,000 character limit Group messages Video calls from within messages Chat Bot Integration Read receipts Messages sent via WiFi vs. cell networks Cross-platform messages Analytics