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Global Rich Communication Services Market 2021 Share, Growth by Top Company, Region, Application, Driver, Trends & Forecast

Rich Communication Services

The report focuses on the favorable Global “Rich Communication Services market” and its expanding nature. The Rich Communication Services market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The global rich communication service market is expected to register a CAGR of 40.51% during the forecast period of 2019 – 2024. Text messaging is still the most direct and widely used form of communication. As a result, two-way automated enterprise-to-person text messaging, known as A2P mobile messaging, has become essential for businesses.
  • – GSMA, an association that represents interests of nearly 800 mobile operators worldwide, is backing a universal RCS profile to provide RCS messaging right across the Android ecosystem and include Apple iPhone apps to receive and send RCS messages.
  • – In early 2017, nearly 49 operators had launched RCS across their network. Despite Google’s purchasing of Jibe to streamline the service, interoperability remains to pose challenges. AT&T in the US, for instance, implemented an older standard that doesn’t work with T-Mobile or Verizon’s version.
  • – RCS presents a platform to participate in testing an up-coming technology and to be able to make RCS as the default messaging experience worldwide. Companies deploying RCS will have the opportunity to deliver a consistent GSMA Universal Profile and to actively benefit from industry players partnering for the cutting edge of mobile communications.

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    Key Manufacturers

  • Huawei Technologies Co. Ltd
  • Xura Inc.
  • Deutsche Telekom AG
  • Acme Packet Inc.
  • Neusoft Corporation
  • Infinite Convergence Solutions Inc.
  • Summit Technology Inc.
  • Vodafone Group PLC
  • D2 Technologies Inc.
  • Ribbon Communications Operating Company
  • Myriad Group AG

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Rich Communication Services market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Rich Communication Services market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Rich Communication Services market have also been involved in the study.

    Scope of the Report:

  • Rich Communications Service (RCS) is the platform which enables enriched communication services/experiences beyond simple text, a universal solution providing consumers with instant messaging, live video and file sharing across all types of communication devices.

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    TOC of Rich Communication Services Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Rich Communication Services market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Rich Communication Services Market Report Covered:

    • The report analyses how Rich Communication Services market will grow in the future.
    • Analyzing various perspectives of the Rich Communication Services market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Rich Communication Services market shares and policies employed by the major market players.
    • Competitive landscape including the Rich Communication Services market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Rich Communication Services market players

    Key Market Trends:

    VoLTE to Witness Highest Growth Rate Over the Forecast Period

    – The biggest factors driving the growth of VoLTE services will be from operators reducing costs and increases capacity of operators by moving voice calls from 3G and 4G networks to the 5G VoLTE network.
    – With 5G wireless communication on its way, the use of smartphones would increase multifold, growing the demand for the latest models to raise the bar continuously facilitating the growth for rich communication services.
    – Organizations are heavily investing in mitigation of interoperability issues that network operators face. For instance, in 2016, TIM and Vodafone Plc rolled out tests to ensure open, interoperable standards to maximize ease of use and offer the best services in the market.

    North America to Hold the Largest Market Share

    – In North America, RCS is gaining traction as the default messaging client, coupled with VoLTE to share the IMS stack that enhances the efficiency of the devices, network and simplifies the deployment of RCS services.
    – VoLTE calls in this region make up 80% of all voice calls on the T-Mobile US network. The smartphone market in the stands 1444 million units in 2017 according to Consumer Technology Association.
    – The strong financial position of North America has enabled organizations to invest in advanced solutions and technologies. The US is leading the charge with the rollout of the first 5G commercial networks. in 2018, trials took place in every major market worldwide with Verizon’s announced plans to launch a 5G handset in early 2019.
    – In 2018, at Mobile World Congress Americas, Redbox Leverages RCS at Google’s Innovation City Booth. This is indicative of business adopting RCS as a way ahead for personalized marketing.

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    Study objectives of Rich Communication Services Market Report:

    • To provide a detailed analysis of the market structure along with the Rich Communication Services market forecast of various segments and sub-segments of the Rich Communication Services market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Rich Communication Services market trends that influence the global Rich Communication Services market

    Detailed TOC of Rich Communication Services Market Report 2019-2024:

    1 INTRODUCTION

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Force Analysis
    4.2.1 Threat of New Entrants
    4.2.2 Bargaining Power of Buyers/Consumers
    4.2.3 Bargaining Power of Suppliers
    4.2.4 Threat of Substitute Products
    4.2.5 Intensity of Competitive Rivalry
    4.3 Introduction to Market Drivers and Restraints
    4.4 Market Drivers
    4.4.1 Penetration of Smart Phones in the Market
    4.4.2 Global Interoperability and Collaboration Between Carriers
    4.4.3 Direct Association of the Service Providers
    4.5 Market Restraints
    4.5.1 Competition of OTT Players
    4.5.2 Lack of Awareness Among Organizations About the Deployment and Usage

    5 TECHNOLOGY SNAPSHOT

    6 MARKET SEGMENTATION
    6.1 By Solution
    6.1.1 VoIP
    6.1.2 Social Presence Information
    6.1.3 File transfer/Content Sharing
    6.1.4 Web Conferencing
    6.1.5 SIP options/Presence based capability Exchange
    6.1.6 Online Storage
    6.1.7 Unified Messaging
    6.1.8 Multimedia
    6.1.9 Other Solutions
    6.2 By Deployment
    6.2.1 Cloud
    6.2.2 On-premise
    6.3 By Application
    6.3.1 Cloud Storage/Access
    6.3.2 VoLTE
    6.3.3 Rich Calls & Messaging
    6.3.4 Mobile Commerce
    6.3.5 Value Added Services (VAS)
    6.3.6 Other Applications
    6.4 Geography
    6.4.1 North America
    6.4.1.1 United States
    6.4.1.2 Canada
    6.4.2 Europe
    6.4.2.1 Germany
    6.4.2.2 United Kingdom
    6.4.2.3 France
    6.4.2.4 Rest of Europe
    6.4.3 Asia-Pacific
    6.4.3.1 China
    6.4.3.2 Japan
    6.4.3.3 India
    6.4.3.4 Rest of Asia-Pacific
    6.4.4 Latin America
    6.4.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 Huawei Technologies Co. Ltd
    7.1.2 Xura Inc.
    7.1.3 Deutsche Telekom AG
    7.1.4 Acme Packet Inc.
    7.1.5 Neusoft Corporation
    7.1.6 Infinite Convergence Solutions Inc.
    7.1.7 Summit Technology Inc.
    7.1.8 Vodafone Group PLC
    7.1.9 D2 Technologies Inc.
    7.1.10 Ribbon Communications Operating Company
    7.1.11 Myriad Group AG

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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