The increasing mobile subscription, rising demand for mobile value-added services, increased investments in IMS and LTEs, and the massive impact of social networks are the driving reasons for the growth of the Global Rich Communications Services Market. Other reasons driving market expansion include operators lowering costs and improving capacity by transitioning voice calls from 2G and 3G to LTE (4G). Furthermore, when compared to traditional calls, LTE is more efficient at carrying calls and texts.
Rich Communications Services Market Overview:
Maximise Market Research, a market intelligence agency, has released a new research outlining the significant development potential for Rich Communications Services industry providers from now until 2029. The research highlights the Rich Communications Services Market's growth drivers, significant restraints, impending difficulties, and current opportunities, as well as a list of important companies and their business strategies.
Rich Communications Services Market Size is expected to reach US $ 19.33 Bn by 2029, at a CAGR of 17.6% during the forecast period.
Rich Communications Services Market Report Scope and Research Methodology:
Maximise Market Research gathered the information through primary research surveys conducted with product dealers, suppliers, international market supplies, and a dedicated team of subject matter experts who rigorously track and analyse the Rich Communications Services industry. The Rich Communications Services market size was estimated using a bottom-up approach. The research also provides a list of several ongoing development projects from various industries, as well as information on important projects that are in the development stage and may have an impact on the worldwide Rich Communications Services market, either positively or negatively.
The research thoroughly studies and explains the Rich Communications Services market dynamics, giving the reader with insights into emerging market trends, drivers, constraints, opportunities, and challenges at the global and regional levels.
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Rich Communications Services Market Drivers:
Rich communication services (RCS) is an IP multimedia subsystem-based platform that enables the provision of communication services above and beyond traditional services such as voice and message. It allows mobile operators to increase or at least preserve their current earnings by providing consumers with services other than calling and messaging, such as live video, instant messaging, and others.In the report, the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disruptors was examined, and this is reflected in our analysis.
Rich Communications Services Market Segmentation:
by Type
On-Cloud
On-Premise
by Solution
VoIP
Social Presence Information
File Transfer/Content Sharing
Web Conferencing
SIP options/Presences Based Capability Exchange
Others
by Technology
Enhanced Rich Communication Suite(RCS-e)
RCS
RCS-like
by Application
Cloud Storage
Rich Calls Messaging
Mobile Commerce
Value Added Services(VAS)
VOLTE
Others
by User
Enterprise
Individual
Key Players:
1. ATT
2. Bell Mobility
3. Interop Technologies
4. Bharti Airtel
5. Deutsche Telekom
6. Reliance Jio
7. KPN
8. KT Corp.
9. Vodafone Group Plc
10. Verizon
11. SK Telecom
12. Rogers Communication
13. Orange S.A.
14. Orascom Telecom
15. Telia Company
16. SFR
17. Telecom Italia
18. Telefonica
19. Google
20. China Mobile
21. KDDI
22. Slovak Telekom
23. Telit
24. Telstra
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Regional Analysis:
The report contains a complete analysis of the Rich Communications Services market by region, including market dynamics, regional market structure, and important players in each region. North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are the regions.
COVID-19 Impact on the Rich Communications Services Market
The report addresses the consequences of COVID-19: Since the COVID-19 virus emerged in December 2019, the sickness has spread to nearly every country on the earth, causing the World Health Organisation to designate it a public health catastrophe. The global impacts of the coronavirus outbreak are already being felt, and they will have a significant impact on the Rich Communications Services sector in 2021.
Key Questions answered in the Rich Communications Services Market Report are:
What is the expected Rich Communications Services market size in 2029?
How the major segments of the global Rich Communications Services market are expected to develop during the
forecast period?
Who are the top suppliers and producers in the Rich Communications Services industry?
What is the expected Rich Communications Services market size by the end of the forecast period?
Which regional market held the largest Rich Communications Services market share in 2022?
Who are the key players in the Rich Communications Services industry?
What are the Rich Communications Services market segments?
Which Rich Communications Services market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size amp; Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and
Region
Competitive Landscape – Profiles of selected key players by region in a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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