According to the new market research report "Enterprise A2P SMS Market, by Application (Pushed Content Services, Customer Relationship Management Services, Promotional Campaigns, And Interactive Services), By Organization Size (Small And Medium organization And Large Organisation), By End Users (Education, Utilities, Banking, Finance, Service And Insurance, Government, Healthcare, Advertising, Retail & E-Commerce, Transport), And By Geography - Global Forecast to 2025". The global enterprise A2P SMS market was valued at US$ 59.9 billion in 2016 and is projected to reach US$ 108.2 billion by 2025. Increasing number of network device users contributes to major growth of the market.
According to Coherent Market Insights, around 17.1 billion network devices were used globally in 2016, the number of which is projected to reach 24.1 billion by 2021. Growing e-commerce industry also plays a major role in growth of this market. According to Coherent Market Insights, in 2016, the U.S. e-commerce industry generated revenue of US$ 322 billion and is project to reach US$ 459 billion by 2020. Password reset, delivery status, special offers, product launches, sale details, signup details, and payment confirmation are some of the major SMS services provided by e-commerce companies. This in turn, fuels growth of this market.
Browse over 40 Market Data Tables and 60 Figures spread through 300 Pages and in-depth TOC on "Enterprise A2P SMS Market, by Application (pushed content services, customer relationship management services, promotional campaigns, and interactive services), by Organization Size (Small and Medium Enterprises and Large Enterprises), by End Users (education, utilities, banking, finance, service and insurance, government, healthcare, advertising, retail & e-commerce, transport), and by Geography – Global Forecast to 2025"
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Key Takeaways of the enterprise A2P SMS Market:
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