Application-to-Person (A2P) SMS Market to grow by $ 11.59bn|Key Drivers and Trends|Technavio
The application-to-person (a2p) sms market size value is poised to grow by $ 11.59 bn during 2021-2025. The market is expected to progressing at a CAGR of almost 5%. In addition, the report offers a detailed analysis of the current market scenario, which is majorly focused on the COVID-19 impact. Furthermore, our research expects have extensively covered the latest trends, challenges, and drivers and vendor strategies to overcome growth obstacles.
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Application-to-Person (A2P) SMS Market Trends & Drivers
The application-to-person (a2p) sms market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as increase in the number of smart connected devices, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.
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The application-to-person (a2p) sms market has also explored key trends such as implementation of byod policy in enterprises, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Application-to-Person (A2P) SMS Market: Segmentation Analysis
This market research report segments the application-to-person (a2p) sms market by Application (Promotional campaigns, CRM, Pushed content, Interactive services, and Others), Geography (APAC, North America, Europe, South America, and MEA), and End-user (BFSI, Retail, Government, Healthcare, and Others).
The APAC region led the application-to-person (a2p) sms market in 2021, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario