The global rich communication service (RCS) market is expected to grow at a significant CAGR during the forecast period.  The most direct and extensively utilized mode of communication is still text messaging. As a result, organisations now require two-way automated enterprise-to-person text messaging, also known as A2P mobile texting.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/rich-communication-services-market-share

RCS is a successor to SMS that includes features such as read receipts, typing indicators, better group conversations, and high-quality photos. RCS is based on the Universal Profile standard, which specifies how to inform other phones that they can send and receive RCS. RCS platforms are being developed, invested in, and offered by a growing number of important smartphone OEMs and telecom providers. Google, for example, launched RCS in the UK and France in November 2019. Furthermore, AT&T, Sprint, T-Mobile, and Verizon indicated that they want to replace SMS with RCS by 2020 and the technology will be based on an RCS implementation for Android under the Cross-Carrier Messaging Initiative (CCMI), which will be independent of Google. Despite the increased popularity of over-the-top messaging programmes, SMS is still widely used. Despite the fact that the number of SMS users has been falling in recent years due to the proliferation of competing messaging apps, SMS remains a popular method of messaging, information exchange, advertising, and CRM. Text messages have a 98% open rate, according to Salesforce, and 90 percent of recipients open SMS messages within three minutes.

According to Burst SMS, text messages are roughly 56 times less expensive than cost-per-click advertising such as Adwords. Furthermore, text messages have a 10% click-through rate; as a result of its cost-effectiveness, SMS is in high demand as a means of disseminating information. Since the frequency of in-person encounters has been drastically reduced, A2P communication channels have become vital for ensuring business continuity during COVID-19 lockdowns. The economy has begun to adjust to the new circumstances caused by the epidemic, and as a result, demand for A2P services has shifted. RCS Business Messaging expects an even bigger market size in the forecast year, owing to its massive user base. RCS is a new channel to acquire traction in the global market with a significant number of consumers already using its functionalities. The technology's uniqueness resides in its newness combined with the existing features of SMS.

RCS will allow banks to incorporate a horizontally scrollable carousel with up to 10 vertical rich cards, a branch locator, suggestive answers, and many other features. Deep-linking for web-based campaigns and/or emails is one of the key characteristics of RCS Business Messaging that makes the technology well-suited for banks. It also includes capabilities such as read recipients, delivery receipts, on-screen event tracking, and customized consumer information based on their message answers. Due to reduced latency, data, and delivery concerns of media content, the global demand for RCS is predicted to expand exponentially with the introduction of 5G; several telecom operators are likely to offer RCS as part of their 5G services in the coming years.

Global Rich Communication Service Market - Segmentation

By Protocol 

•             A2P

•             P2A

•             P2P 

By End-User 

•             BFSI

•             Media & Entertainment

•             Travel & Hospitality

•             Retail

•             Healthcare 

•             Others 

A full report of Rich Communication Service Market available @ https://www.omrglobal.com/industry-reports/rich-communication-services-market-share

Rich Communication Service Market Report Segment by Region

North America          

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

·        Google LLC

·        Vodafone Group PLC

·        Telefonaktiebolaget LM Ericsson

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Contact Person: Mr. Anurag Tiwari

Email: anurag@omrglobal.com

Contact no: +91 780-304-0404

Company Name: Orion Market Research

Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f