Comviva NewsLetter The Futurist - September Edition, 2019 | Page 12

DIGITAL DISRUPTION SEPTEMBER 2019 Early adopters of RCS in P2P RCS Business Messaging Takes A2P Messaging Even Further With companies like Google taking the lead through its Early Access Program, brands and developers can now access and adopt RCS business messaging more easily. GSMA estimates, that there will be a billion RCS users in 2019 and the RCS Business Messaging market will be worth over $74 billion by 2021 Today businesses can move beyond basic texting with a cost-effective RCS messaging and engage more users than ever. B2C companies of all sizes can create truly branded conversations across networks and device. While it provides the macro benefits across all industries, its applications within each industry or environment can be quite versatile and scalable. Marketers can now know how messages are performing with real-time data on user actions and behavior along the customer journey. For P2P messaging, WhatsApp or other social/chat applications are most likely the predominant channels and not the SMS or operator messaging. However SMS is still by far the strongest B2C channel out there. And RCS aims to be the next level evolution of SMS. In conclusion: What’s next For RCS and Enterprises RCS will evolve to be a favorite channel for enterprises and allow them to Drive engagement with suggested replies and actions Send branded messages and conversations Track message delivery Share rich media content: such as images, videos or PDF documents Through this, there is no longer a need to download multiple apps; instead, users gain direct access to a range of brands and services from within the native messaging app itself, allowing them to engage with virtual assistants to promote and consume VAS and other operator offerings, book flights, buy Use powerful reporting and analytics to optimize future messages clothes, book restaurant reservations & more. With RCS one is already starting to see some innovative and engaging ways business marketers are employing it. In its attempt to “future proof” businesses, brands will be better able to harness their dialogue and interaction with the consumers and community alike. 12