Northbrook, IL 60062 -- (SBWIRE) -- 11/28/2022 -- MarketsandMarkets forecasts the global A2P Messaging market size is expected to grow from USD 62.1 billion in 2020 to USD 72.8 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period.

Browse 220 market data Tables and 62 Figures spread through 237 Pages and in-depth TOC on "A2P Messaging Market by Component (Platform and A2P Service), Application (Authentication, Promotional and Marketing, and CRM), Deployment Mode, SMS Traffic (National and Multi-Country), End User, and Region - Global Forecast to 2025"

Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44

By vertical, the BFSI segment has the highest market size during the forecast period

Retail banking requires continuous customer updates on their transaction details and banking activities. Frequent communication helps banks to create a robust customer connection, strengthening customer and enterprise relations. This requirement of the BFSI vertical is the reason for the large size of the A2P messaging market in the forecast period. As internet connections have become reliable, the number of internet users has erupted exponentially worldwide, the number of smartphone users has also increased, and the need for A2P messaging has been impacted positively. Due to this, the A2P messaging market is seeing massive growth in the BFSI sector.

By deployment mode, the on-premises segment to record a higher growth rate during the forecast period

Enterprises who wish to confine their data within the company premises due to security, confidentiality, and business edge reasons, prefer to deploy the A2P messaging solutions on their premises. This ensures maximum security, and the companies can handle the data as per their own choice without saving it on third-party clouds. Due to this, the on-premises segment will have a higher growth rate during the forecast period. In the A2P messaging market, most end users take the platform from SMS aggregators who service from cloud service providers. Few end users choose on-premise deployment mode; therefore, the cloud segment holds a large market share, leading to the on-premises segment growing at a higher CAGR.

Asia Pacific region to account for the highest growth in the A2P Messaging Market market during the forecast period

The A2P messaging market in the APAC region is estimated to have strong growth in the forecast period due to a high subscriber base in this region. Due to this, enterprises face increased competition and are ready to offer better customer service in A2P messaging solutions. Investors around the globe also see this as an opportunity and therefore are prepared to invest in the market in the APAC region. The coming of 5G technology again will boost the region's market as it already has a high number of feature mobile phones. With better connectivity, the market will see a boost in the forecast period.

Request Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=44

Key and innovative vendors in the A2P Messaging Market are AT&T (US), Sinch (Sweden), China Mobile (China), Infobip (UK), Orange (France), Route Mobile (India), Comviva (India), Twilio (US), BICS (Belgium), Monty Mobile (UK), Syniverse (US), Global Message Services (Switzerland), Tyntec (UK), Silverstreet (Singapore), Vonage (US), Genesys (US), TATA Communications (India), Cequens (Egypt), Mitto (Switzerland), ClearSky Technologies (US), Sify Technologies (India), MSG91 (India), Textlocal (UK), Clickatell (US), Kaleyra (Italy), MessageBird (The Netherlands).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Research Insights:https://www.marketsandmarkets.com/ResearchInsight/a2p-messaging-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/a2p-messaging.asp