Enterprise A2P SMS Market Status And Development Trend
By Types And Applications
Enterprise A2P SMS Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
The global enterprise A2P SMS market was valued at US$ 59.8 billion in 2016 and is projected to
reach US$ 108.2 billion by 2025, exhibiting a CAGR of 6.1% over the forecast period (2017-2025).
The growing e-commerce industry contributes to major growth of this market. High adoption of
SMS technology by e-commerce companies for payment confirmation, password reset, signup
details, delivery status, sale details, special offers, and product launches helps in safe online
transitions and customer retention.
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https://www.coherentmarketinsights.com/insight/request-pdf/890
According to Coherent Market Insights, the North America e-commerce market generated
revenue of US$ 372 billion in 2016 and is projected to reach US$ 554 billion by 2022. Similarly,
implementation of SMS technology in the banking and finance industry helps business to improve
communication with customers. Banks provide SMS services to its customers for purposes such
as transition alerts, payment reminders, updates regarding latest and altered banking rules and
regulations, documentation details related to banking, real time alerts on ATM cash withdrawal,
verification and access control processes, and account balance enquiries. Owing to the
significance of SMS service in the banking industry, in turn boosts the enterprise A2P SMS
market.