A2Pメッセージング市場 : 2029年までの世界予測

出版:MarketsandMarkets(マーケッツアンドマーケッツ) 出版年月:2024年5月

A2P Messaging Market – Global Forecast to 2029

A2Pメッセージング市場 : オファリング (プラットフォーム、サービス)、用途 (認証、プロモーション&マーケティング、CRM)、通信チャネル (SMS、オペレーター IP、サードパーティ アプリ、固定料金)、SMSトラフィック、エンドユーザー&地域別 – 2029年までの世界予測
A2P Messaging Market by Offering (Platforms, Services), Application (Authentication, Promotional & Marketing, CRM), Communication Channel (SMS, Operator IP, Third-party Apps, Fixed Fees), SMS Traffic, End User and Region – Global Forecast to 2029

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Report Overview

MarketsandMarkets forecasts that the A2P messaging market size is projected to grow from USD 73.1 billion in 2024 to USD 84.8 billion by 2029, at a CAGR of 3.0% during the forecast period.

MarketsandMarkets は、A2Pメッセージング市場規模は、予測期間中に 3.0% の CAGR で、2024 年の 731 億米ドルから 2029 年までに 848 億米ドルに成長すると予測しています

Urbanization leads to increased connectivity and smartphone usage, which in turn drives the demand for A2P messaging services as businesses target urban populations with their services and promotions.

A2Pメッセージング市場 : 2029年までの世界予測

“By SMS traffic, the international segment is expected to grow with the highest CAGR during the forecast period.”
Globally, SMS messaging is expanding as enterprises seek to engage customers worldwide through convenient channels. Multi-country SMS traffic, routed internationally via Signaling System 7 (SS7) connectivity, although lower in volume, yields substantial revenue. The rising demand for multi-country A2P traffic, driven by applications like two-factor authentication, finds particular use in industries such as travel, IT, and telecommunications. Alongside, ensuring SMS delivery quality and guarding against improper monetization of A2P traffic are growing concerns, prompting enterprises to employ SMS firewalls for effective monetization. Notably, the Asia Pacific region, with its vast mobile subscriber base, stands out as a significant generator of international traffic, solidifying its position in the global SMS landscape.

A2Pメッセージング市場 : 2029年までの世界予測 ecosystem

“By communication channel, the SMS segment is expected to hold the largest market size during the forecast period.”
This includes circuit-switched SMS/MMS messages that are generated and terminated on operators’ networks. A2P messaging, utilizing SMS as its primary channel, has become integral for businesses across diverse sectors. Its versatility enables a wide array of applications, from essential notifications like appointment reminders and delivery updates to critical functions such as authentication through one-time passwords. Marketing and promotional campaigns leverage A2P SMS for reaching customers effectively, while alerts for emergencies or system downtimes ensure timely communication. Additionally, SMS facilitates customer service interactions, surveys, and internal communications, streamlining processes and enhancing engagement. Its simplicity and widespread accessibility make SMS A2P messaging a cornerstone of modern communication strategies, bridging the gap between businesses and their audience with immediacy and efficiency.

“Asia Pacific is expected to grow with the highest CAGR during the forecast period.”
The A2P messaging market in the Asia Pacific region is undergoing significant advancements and has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest market share in the A2P messaging market during the forecast period. The A2P messaging market in Asia Pacific is thriving, fueled by the region’s immense mobile subscriber base and rapid technological advancements. Businesses across various sectors, including BFSI, retail & eCommerce, and travel & hospitality, leverage A2P messaging for transactional notifications, marketing campaigns, customer support, and authentication purposes.

A2Pメッセージング市場 : 2029年までの世界予測 region

Breakdown of primaries
The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:
 By Company: Tier 1–35%, Tier 2–40%, and Tier 3–25%
 By Designation: C-Level Executives–35, Director Level–25%, and Others–40%
 By Region: North America–30%, Europe–35%, APAC–25%, RoW–10%
The major players in the A2P messaging market are AT&T (US), China Mobile (China), Sinch (Sweden), Twilio (US), Infobip (UK), Vonage (US), Orange (France), Comviva (India), Route Mobile (India), BICS (Belgium), Monty Mobile (UK), Tata Communications (India), Syniverse (US), Tyntec (UK), Soprano Design (Australia), Genesys (US), Clickatell (US), CEQUENS (Egypt), MSG91 (India), Plivo (US), Mitto (Switzerland), Bird (Netherlands), Telewhale (Cyprus), EnableX.io (Singapore), TextUs (US), Voxvalley (Singapore). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, product enhancements, and acquisitions to expand their footprint in the A2P messaging market.

Research Coverage
The report segments the global A2P messaging market based on offering has been classified into platform and A2P services. Based on application, the market is classified into authentication services, promotional and marketing services, pushed content services, interactive messaging services, customer relationship management services, other applications. Based on communication channel, the market is classified by SMS, operator IP, third-party apps, fixed fees. Based on SMS traffic, the market is classified into two segments, domestic and international. Based on end user, the market is segmented into BFSI, retail & eCommerce, government, healthcare, travel & hospitality, and other end users. By region, the market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Key benefits of the report
The report would help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall A2P messaging market and the subsegments. This report would help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report would help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
Analysis of key drivers (rapid technological advancements, growing number of mobile subscribers to fuel A2P messaging, growing use of A2P messaging among customer-centric industries), restraints (regulatory constraints, stringent government regulations and policies), opportunities (rise in application usage, growing trend of mobile marketing via messaging, increased adoption of A2P SMS by OTT players to drive revenue for MNOs), and challenges (messaging channel fragmentation, increasing messaging frauds and security concerns, difficulty in maximizing monetization of A2P messaging).

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the A2P messaging market.

• Market Development: Comprehensive information about lucrative markets – the report analyses the A2P messaging market across varied regions.

• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the A2P messaging market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players such as AT&T (US), China Mobile (China), Sinch (Sweden), Twilio (US), Infobip (UK), Vonage (US), Orange (France), Comviva (India), Route Mobile (India), BICS (Belgium), Monty Mobile (UK), Tata Communications (India), Syniverse (US), Tyntec (UK), Soprano Design (Australia), Genesys (US), Clickatell (US), CEQUENS (Egypt), MSG91 (India), Plivo (US), Mitto (Switzerland), Bird (Netherlands), Telewhale (Cyprus), EnableX.io (Singapore), TextUs (US), Voxvalley (Singapore).

Table of Contents

1            INTRODUCTION            40

1.1         STUDY OBJECTIVES      40

1.2         MARKET DEFINITION   40

TABLE 1             INCLUSIONS & EXCLUSIONS     40

1.3         STUDY SCOPE  41

1.3.1      MARKETS COVERED     41

FIGURE 1           A2P MESSAGING MARKET SEGMENTATION       41

1.3.2      GEOGRAPHIC SCOPE    42

FIGURE 2           A2P MESSAGING MARKET: GEOGRAPHIC SCOPE            42

1.3.3      YEARS CONSIDERED     42

FIGURE 3           YEARS CONSIDERED FOR STUDY           42

1.4         CURRENCY CONSIDERED          43

TABLE 2             USD EXCHANGE RATES, 2021–2023         43

1.5         STAKEHOLDERS            43

1.6         SUMMARY OF CHANGES            44

1.6.1      IMPACT OF RECESSION 44

2            RESEARCH METHODOLOGY     45

2.1         RESEARCH DATA           45

FIGURE 4           A2P MESSAGING MARKET: RESEARCH DESIGN  45

2.1.1      SECONDARY DATA       46

FIGURE 5           SECONDARY SOURCES 46

2.1.2      PRIMARY DATA 46

TABLE 3             PRIMARY INTERVIEWS WITH EXPERTS 46

FIGURE 6           BREAKDOWN OF PRIMARIES, BY COMPANY, DESIGNATION, AND REGION    47

FIGURE 7           PRIMARY SOURCES       47

FIGURE 8           KEY INDUSTRY INSIGHTS          48

2.2         MARKET SIZE ESTIMATION       48

FIGURE 9           APPROACH 1 (SUPPLY-SIDE): REVENUE OF OFFERINGS IN A2P MESSAGING MARKET   49

FIGURE 10         APPROACH 2: DEMAND-SIDE ANALYSIS             49

FIGURE 11         MARKET SIZE ESTIMATION: TOP-DOWN & BOTTOM-UP APPROACHES   50

2.2.1      TOP-DOWN APPROACH             50

2.2.2      BOTTOM-UP APPROACH           50

2.3         DATA TRIANGULATION             51

FIGURE 12         DATA TRIANGULATION             51

TABLE 4             FACTOR ANALYSIS        52

2.4         RESEARCH ASSUMPTIONS         52

2.5         LIMITATIONS   53

2.6         A2P MESSAGING MARKET: RECESSION IMPACT 53

3            EXECUTIVE SUMMARY 54

FIGURE 13         A2P MESSAGING MARKET, 2022–2029 (USD MILLION)    55

FIGURE 14         A2P MESSAGING MARKET: REGIONAL SHARE, 2024        56

4            PREMIUM INSIGHTS      57

4.1         BRIEF OVERVIEW OF A2P MESSAGING MARKET 57

FIGURE 15         GROWING TREND OF MOBILE MARKETING VIA MESSAGING TO ACT AS OPPORTUNITY IN A2P MESSAGING MARKET            57

4.2         NORTH AMERICA: A2P MESSAGING MARKET,  BY OFFERING AND COUNTRY         57

FIGURE 16         A2P MESSAGING SERVICES AND US TO ACCOUNT FOR RESPECTIVE LARGER SHARES NORTH AMERICAN MARKET       57

4.3         ASIA PACIFIC: A2P MESSAGING MARKET,  BY OFFERING AND TOP THREE COUNTRIES       58

FIGURE 17         A2P MESSAGING SERVICES AND CHINA TO ACCOUNT FOR RESPECTIVE LARGER SHARES OF ASIA PACIFIC MARKET            58

4.4         A2P MESSAGING MARKET, BY APPLICATION     58

FIGURE 18         AUTHENTICATION SERVICES TO BE LARGEST APPLICATION OF A2P MESSAGING IN 2024       58

4.5         A2P MESSAGING MARKET, BY END USER            59

FIGURE 19         BFSI TO ACCOUNT FOR LARGEST SHARES AMONG ALL END USERS OF A2P MESSAGING IN 2024        59

5            MARKET OVERVIEW AND INDUSTRY TRENDS   60

5.1         MARKET OVERVIEW     60

5.2         MARKET DYNAMICS     60

FIGURE 20         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:  A2P MESSAGING MARKET          60

5.2.1      DRIVERS            61

5.2.1.1   Rapid technological advancements   61

5.2.1.2   Growing number of mobile subscribers          61

FIGURE 21         SUBSCRIBER PENETRATION AND SMARTPHONE ADOPTION TRENDS BY 2030             61

5.2.1.3   Rise in use of A2P messaging among customer-centric industries             62

5.2.2      RESTRAINTS     62

5.2.2.1   Regulatory constraints       62

5.2.2.2   Stringent government regulations and policies             62

TABLE 5             GOVERNMENT REGULATIONS/POLICIES/INITIATIVES TO SAFEGUARD SMS FROM ATTACKERS     63

5.2.3      OPPORTUNITIES           64

5.2.3.1   Rise in application usage    64

5.2.3.2   Growth in trend of mobile marketing via messaging     64

5.2.3.3   Increase in adoption of A2P SMS by OTT players to drive revenue for MNOs              64

5.2.4      CHALLENGES   65

5.2.4.1   Messaging channel fragmentation    65

5.2.4.2   Increase in messaging frauds and security concerns      65

5.2.4.3   Difficulty in maximizing monetization of A2P messaging           65

5.3         INDUSTRY TRENDS       66

5.3.1      BRIEF HISTORY OF A2P MESSAGING MARKET   66

FIGURE 22         BRIEF HISTORY OF A2P MESSAGING     66

5.3.1.1   1990–2000          66

5.3.1.2   2000–2010          66

5.3.1.3   2010–2020          67

5.3.1.4   2020–Present      67

5.3.2      DISRUPTIONS IMPACTING BUYERS/CUSTOMERS IN A2P MESSAGING MARKET            67

FIGURE 23         DISRUPTION TRENDS IMPACTING BUYERS/CUSTOMERS IN MARKET            67

5.3.3      PRICING ANALYSIS        68

5.3.3.1   Average selling price trend of key players, by offering  68

FIGURE 24         AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SMS TRAFFIC (USD) 68

TABLE 6             AVERAGE SELLING PRICE OF KEY PLAYERS, BY SMS TRAFFIC (USD)   68

5.3.3.2   Indicative pricing analysis of A2P messaging, by SMS traffic      68

TABLE 7             INDICATIVE PRICING ANALYSIS OF A2P MESSAGING, BY SMS TRAFFIC (USD) 68

5.3.4      VALUE CHAIN ANALYSIS            69

FIGURE 25         A2P MESSAGING MARKET: VALUE CHAIN ANALYSIS      69

5.3.5      ECOSYSTEM/MARKET MAP       69

FIGURE 26         A2P MESSAGING ECOSYSTEM   69

TABLE 8             A2P MESSAGING MARKET: ECOSYSTEM 70

5.3.6      TECHNOLOGY ANALYSIS           71

5.3.6.1   Key Technologies 71

5.3.6.1.1 Internet of Things (IoT)    71

5.3.6.1.2 Artificial Intelligence (AI)  71

5.3.6.1.3 Analytics              71

5.3.6.2   Adjacent Technologies      72

5.3.6.2.1 SMS Gateways    72

5.3.6.2.2 APIs      72

5.3.6.3   Complementary Technologies         72

5.3.6.3.1 Rich Communication Services (RCS)             72

5.3.6.3.2 Mobile wallet integration   72

5.3.7      PATENT ANALYSIS        73

5.3.7.1   Methodology       73

FIGURE 27         LIST OF KEY PATENTS FOR A2P MESSAGING     73

TABLE 9             LIST OF KEY PATENTS  74

5.3.8      CASE STUDIES  75

TABLE 10           RAZORPAY USED MSG91’S SYSTEM FOR EFFICIENT REAL-TIME CUSTOMER COMMUNICATION 75

TABLE 11           TEXTLOCAL HELPED TASTECARD INCREASE MEMBERSHIP PURCHASES      75

TABLE 12           INFOBIP HELPED MRSPEEDY SCALE AND WORK EFFICIENTLY WHEN REMOTE             76

TABLE 13           ALLO USED GMS TO IMPROVE PROMO CAMPAIGN CONVERSION RATE       76

TABLE 14           SINCH HELPED MOBICOM INCREASE INTERNATIONAL MESSAGING WITH ENHANCED A2P TRAFFIC     76

TABLE 15           PARFYM.SE USED SINCH TO PERSONALIZE MESSAGES TO STAND OUT AMONG PROMOTIONS      77

5.3.9      KEY CONFERENCES & EVENTS  77

TABLE 16           A2P MESSAGING MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025     77

5.3.10    CURRENT AND EMERGING BUSINESS MODELS 78

5.3.10.1 Subscription Model           78

5.3.10.2 Per Message Pricing Model             78

5.3.10.3 Bulk Messaging Model       78

5.3.10.4 Blockchain-based Messaging Model 78

5.3.10.5 API Monetization Model   78

5.3.10.6 Subscription Plus Model    78

5.3.11    BEST PRACTICES IN A2P MESSAGING MARKET 78

5.3.12    TOOLS, FRAMEWORKS, AND TECHNIQUES        79

FIGURE 28         A2P MESSING TOOLS, FRAMEWORKS, AND TECHNIQUES              79

5.3.13    FUTURE LANDSCAPE OF A2P MESSAGING MARKET       79

5.3.13.1 A2P messaging technology roadmap till 2030 79

5.3.13.1.1            Short-term roadmap (2025–2026)   79

5.3.13.1.2            Mid-term roadmap (2026–2028)     80

5.3.13.1.3            Long-term roadmap (2028–2030)   80

5.3.14    REGULATORY LANDSCAPE       80

5.3.14.1 Regulatory bodies, government agencies, and other organizations            80

TABLE 17           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,  AND OTHER ORGANIZATIONS       80

TABLE 18           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND  OTHER ORGANIZATIONS      81

TABLE 19           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND  OTHER ORGANIZATIONS      82

TABLE 20           MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         84

TABLE 21           LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         84

5.3.14.2 North America     85

5.3.14.2.1            US         85

5.3.14.2.2            Canada  85

5.3.14.3 Europe  85

5.3.14.4 Asia Pacific          85

5.3.14.4.1            South Korea        85

5.3.14.4.2            China     85

5.3.14.4.3            India      86

5.3.14.5 Middle East & Africa          86

5.3.14.5.1            UAE      86

5.3.14.5.2            KSA       86

5.3.14.6 Latin America      86

5.3.14.6.1            Brazil     86

5.3.14.6.2            Mexico  86

5.3.15    PORTER’S FIVE FORCES ANALYSIS         86

TABLE 22           A2P MESSAGING MARKET: PORTER’S FIVE FORCE MODEL ANALYSIS          87

FIGURE 29         A2P MESSAGING MARKET: PORTER’S FIVE FORCES MODEL              87

5.3.15.1 Threat of new entrants       88

5.3.15.2 Threat of substitutes          88

5.3.15.3 Bargaining power of buyers             88

5.3.15.4 Bargaining power of suppliers          88

5.3.15.5 Intensity of competitive rivalry        89

5.3.16    KEY STAKEHOLDERS & BUYING CRITERIA          89

5.3.16.1 Key stakeholders in buying process  89

FIGURE 30         INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS        89

TABLE 23           INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END USERS        89

5.3.16.2 Buying criteria     90

FIGURE 31         KEY BUYING CRITERIA FOR TOP THREE END-USERS     90

TABLE 24           KEY BUYING CRITERIA FOR TOP THREE END USERS      90

5.3.17    INVESTMENT AND FUNDING SCENARIO            90

FIGURE 32         INVESTMENT AND FUNDING, 2019–2023 (USD MILLION)              90

6            A2P MESSAGING MARKET, BY OFFERING           91

6.1         INTRODUCTION            92

6.1.1      OFFERING: A2P MESSAGING MARKET DRIVERS 92

FIGURE 33         A2P MESSAGING PLATFORMS TO WITNESS HIGHER CAGR THAN SERVICES DURING FORECAST PERIOD    92

TABLE 25           A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION)          93

TABLE 26           A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION)          93

6.2         PLATFORMS     93

6.2.1      INCREASE IN COMPLEXITY OF SMS SYSTEM SETUP       93

TABLE 27           A2P MESSAGING PLATFORMS MARKET, BY REGION, 2019–2023 (USD MILLION) 93

TABLE 28           A2P MESSAGING PLATFORMS MARKET, BY REGION, 2024–2029 (USD MILLION) 94

6.3         SERVICES          94

6.3.1      INCREASED MOBILE INTERNET PENETRATION AND HASSLE-FREE COMMUNICATION WITH CUSTOMERS 94

TABLE 29           A2P MESSAGING SERVICES MARKET, BY REGION, 2019–2023 (USD MILLION) 94

TABLE 30           A2P MESSAGING SERVICES MARKET, BY REGION, 2024–2029 (USD MILLION) 94

7            A2P MESSAGING MARKET, BY APPLICATION     95

7.1         INTRODUCTION            96

7.1.1      APPLICATION: A2P MESSAGING MARKET DRIVERS        96

FIGURE 34         AUTHENTICATION SERVICES TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD     96

TABLE 31           A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION)          97

TABLE 32           A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          97

7.2         AUTHENTICATION SERVICES   97

7.2.1      COST-EFFECTIVE AND PREFERRED SECURITY ENABLED BY A2P MESSAGING SERVICES  97

TABLE 33           A2P MESSAGING MARKET FOR AUTHENTICATION SERVICES, BY REGION,  2019–2023 (USD MILLION)             98

TABLE 34           A2P MESSAGING MARKET FOR AUTHENTICATION SERVICES, BY REGION,  2024–2029 (USD MILLION)             98

7.3         PROMOTIONAL & MARKETING SERVICES          98

7.3.1      INCREASE IN PROMOTIONAL CAMPAIGNS BY ENTERPRISES AND BUSINESSES GLOBALLY             98

TABLE 35           A2P MESSAGING MARKET FOR PROMOTIONAL & MARKETING SERVICES, BY REGION, 2019–2023 (USD MILLION)           99

TABLE 36           A2P MESSAGING MARKET FOR PROMOTIONAL & MARKETING SERVICES, BY REGION, 2024–2029 (USD MILLION)           99

7.4         PUSHED CONTENT SERVICES   99

7.4.1      MOBILE MARKETING AND PROMOTIONAL NOTIFICATIONS CAPITALIZE ON CUSTOMER ENGAGEMENT THROUGH MOBILE APPLICATIONS 99

TABLE 37           A2P MESSAGING MARKET FOR PUSHED CONTENT SERVICES, BY REGION,  2019–2023 (USD MILLION)             100

TABLE 38           A2P MESSAGING MARKET FOR PUSHED CONTENT SERVICES, BY REGION,  2024–2029 (USD MILLION)             100

7.5         INTERACTIVE MESSAGE SERVICES         100

7.5.1      DEMAND FOR UNIQUE INTERACTIVE PROMOTIONAL EXPERIENCES FOR CUSTOMERS          100

TABLE 39           A2P MESSAGING MARKET FOR INTERACTIVE MESSAGE SERVICES, BY REGION,  2019–2023 (USD MILLION)        101

TABLE 40           A2P MESSAGING MARKET FOR INTERACTIVE MESSAGE SERVICES, BY REGION,  2024–2029 (USD MILLION)        101

7.6         CUSTOMER RELATIONSHIP MANAGEMENT SERVICES  101

7.6.1      GROWTH IN ECOMMERCE AND BFSI INDUSTRIES          101

TABLE 41           A2P MESSAGING MARKET FOR CUSTOMER RELATIONSHIP MANAGEMENT SERVICES,  BY REGION, 2019–2023 (USD MILLION)        102

TABLE 42           A2P MESSAGING MARKET FOR CUSTOMER RELATIONSHIP MANAGEMENT SERVICES,  BY REGION, 2024–2029 (USD MILLION)        102

7.7         OTHER APPLICATIONS 102

TABLE 43           A2P MESSAGING MARKET FOR OTHER APPLICATIONS, BY REGION,  2019–2023 (USD MILLION)     103

TABLE 44           A2P MESSAGING MARKET FOR OTHER APPLICATIONS, BY REGION,  2024–2029 (USD MILLION)     103

8            A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL     104

8.1         INTRODUCTION            105

8.1.1      COMMUNICATION CHANNEL: A2P MESSAGING MARKET DRIVERS              105

FIGURE 35         THIRD-PARTY APPS TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD       105

TABLE 45           A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL, 2019–2023 (USD MILLION)          105

TABLE 46           A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL, 2024–2029 (USD MILLION)          106

8.2         SMS       106

8.2.1      SMS FUNCTIONS AS INTEGRAL MULTIPURPOSE CHANNEL FOR BUSINESSES ACROSS SECTORS 106

TABLE 47           A2P MESSAGING MARKET VIA SMS, BY REGION, 2019–2023 (USD MILLION)          106

TABLE 48           A2P MESSAGING MARKET VIA SMS, BY REGION, 2024–2029 (USD MILLION)          106

8.3         OPERATOR IP   107

8.3.1      INTEGRATING OPERATOR IP INTO A2P MESSAGING WORKFLOWS TO OPTIMIZE RELIABILITY, EFFICIENCY, AND SECURITY   107

TABLE 49           A2P MESSAGING MARKET VIA OPERATOR IP, BY REGION, 2019–2023 (USD MILLION)     107

TABLE 50           A2P MESSAGING MARKET VIA OPERATOR IP, BY REGION, 2024–2029 (USD MILLION)     107

8.4         THIRD-PARTY APPS      108

8.4.1      THIRD-PARTY A2P MESSAGING APPS TO HELP MAINTAIN CUSTOMER ENGAGEMENT, ULTIMATELY CONTRIBUTING TO SUCCESS OF BUSINESSES              108

TABLE 51          A2P MESSAGING MARKET VIA THIRD-PARTY APPS, BY REGION,  2019–2023 (USD MILLION)          108

TABLE 52          A2P MESSAGING MARKET VIA THIRD-PARTY APPS, BY REGION,  2024–2029 (USD MILLION)          108

8.5         FIXED FEES       109

8.5.1      BENEFITS OF COST PREDICTABILITY, SIMPLIFYING BILLING PROCESSES AND INCENTIVIZING SCALABILITY 109

TABLE 53           A2P MESSAGING MARKET VIA FIXED FEES, BY REGION, 2019–2023 (USD MILLION)     109

TABLE 54           A2P MESSAGING MARKET VIA FIXED FEES, BY REGION, 2024–2029 (USD MILLION)     109

9            A2P MESSAGING MARKET, BY SMS TRAFFIC       110

9.1         INTRODUCTION            111

9.1.1      SMS TRAFFIC: A2P MESSAGING MARKET DRIVERS         111

FIGURE 36         INTERNATIONAL SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD     111

TABLE 55           A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION)          111

TABLE 56           A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION)          112

9.2         DOMESTIC        112

TABLE 57           DOMESTIC A2P MESSAGING MARKET, BY REGION, 2019–2023 (USD MILLION) 112

TABLE 58           DOMESTIC A2P MESSAGING MARKET, BY REGION, 2024–2029 (USD MILLION) 112

9.3         INTERNATIONAL           113

TABLE 59           INTERNATIONAL A2P MESSAGING MARKET, BY REGION, 2019–2023 (USD MILLION)     113

TABLE 60           INTERNATIONAL A2P MESSAGING MARKET, BY REGION, 2024–2029 (USD MILLION)     113

10          A2P MESSAGING MARKET, BY END USER            114

10.1       INTRODUCTION            115

10.1.1    END USER: A2P MESSAGING MARKET DRIVERS 115

FIGURE 37         HEALTHCARE SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD     115

TABLE 61           A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION)          116

TABLE 62           A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION)          116

10.2       BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)           116

10.2.1    RAPID GROWTH IN MOBILE BANKING  116

TABLE 63           A2P MESSAGING MARKET FOR BFSI END USERS, BY REGION,  2019–2023 (USD MILLION)          117

TABLE 64           A2P MESSAGING MARKET FOR BFSI END USERS, BY REGION,  2024–2029 (USD MILLION)          117

10.3       RETAIL & ECOMMERCE 117

10.3.1    SIGNIFICANT GROWTH IN PROMOTIONS VIA SMS COMPARED TO EMAILS 117

TABLE 65           A2P MESSAGING MARKET FOR RETAIL & ECOMMERCE END USERS, BY REGION,  2019–2023 (USD MILLION) 118

TABLE 66           A2P MESSAGING MARKET FOR RETAIL & ECOMMERCE END USERS, BY REGION,  2024–2029 (USD MILLION) 118

10.4       GOVERNMENT 118

10.4.1    ENABLING CITIZENS TO ACCESS INFORMATION DIRECTLY FROM GOVERNMENTS             118

TABLE 67           A2P MESSAGING MARKET FOR GOVERNMENT END USERS, BY REGION,  2019–2023 (USD MILLION)     119

TABLE 68           A2P MESSAGING MARKET FOR GOVERNMENT END USERS, BY REGION,  2024–2029 (USD MILLION)     119

10.5       HEALTHCARE  119

10.5.1    NEED TO DELIVER TIMELY PATIENT INFORMATION, IMPROVE PHARMACY EFFICIENCY, AND SUPPORT EMERGENCY HEALTH SERVICES              119

TABLE 69           A2P MESSAGING MARKET FOR HEALTHCARE END USERS, BY REGION,  2019–2023 (USD MILLION)     120

TABLE 70           A2P MESSAGING MARKET FOR HEALTHCARE END USERS, BY REGION,  2024–2029 (USD MILLION)     120

10.6       TRAVEL & HOSPITALITY            120

10.6.1    NEED TO MUST CAPITALIZE ON EVERY CUSTOMER INTERACTION TO CLOSE SALE AND WIN REPEAT BUSINESS           120

TABLE 71           A2P MESSAGING MARKET FOR TRAVEL & HOSPITALITY END USERS, BY REGION,  2019–2023 (USD MILLION) 121

TABLE 72           A2P MESSAGING MARKET FOR TRAVEL & HOSPITALITY END USERS, BY REGION,  2024–2029 (USD MILLION) 121

10.7       OTHER END USERS        121

TABLE 73           A2P MESSAGING MARKET FOR OTHER END USERS, BY REGION,  2019–2023 (USD MILLION)          122

TABLE 74           A2P MESSAGING MARKET FOR OTHER END USERS, BY REGION,  2024–2029 (USD MILLION)          122

11          A2P MESSAGING MARKET, BY REGION  123

11.1       INTRODUCTION            124

FIGURE 38         A2P MESSAGING MARKET: REGIONAL SNAPSHOT, 2024 124

FIGURE 39         ASIA PACIFIC TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD       125

TABLE 75           A2P MESSAGING MARKET, BY REGION, 2019–2023 (USD MILLION)          125

TABLE 76           A2P MESSAGING MARKET, BY REGION, 2024–2029 (USD MILLION)          125

11.2       NORTH AMERICA          126

FIGURE 40         NORTH AMERICA: MARKET SNAPSHOT 126

11.2.1    NORTH AMERICA: A2P MESSAGING MARKET DRIVERS  127

11.2.2    NORTH AMERICA: RECESSION IMPACT 127

TABLE 77           NORTH AMERICA: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION)          127

TABLE 78           NORTH AMERICA: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION)          128

TABLE 79          NORTH AMERICA: A2P MESSAGING MARKET, BY APPLICATION,  2019–2023 (USD MILLION)          128

TABLE 80          NORTH AMERICA: A2P MESSAGING MARKET, BY APPLICATION,  2024–2029 (USD MILLION)          128

TABLE 81           NORTH AMERICA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION)         129

TABLE 82           NORTH AMERICA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION)         129

TABLE 83           NORTH AMERICA: A2P MESSAGING MARKET, BY SMS TRAFFIC,  2019–2023 (USD MILLION)          129

TABLE 84           NORTH AMERICA: A2P MESSAGING MARKET, BY SMS TRAFFIC,  2024–2029 (USD MILLION)          129

TABLE 85           NORTH AMERICA: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION)          130

TABLE 86           NORTH AMERICA: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION)          130

TABLE 87           NORTH AMERICA: A2P MESSAGING MARKET, BY COUNTRY, 2019–2023 (USD MILLION)          130

TABLE 88           NORTH AMERICA: A2P MESSAGING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          130

11.2.3    US         131

TABLE 89           US: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION)          131

TABLE 90           US: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION)          131

TABLE 91           US: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 132

TABLE 92           US: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 132

TABLE 93           US: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 132

TABLE 94           US: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 133

TABLE 95           US: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION) 133

TABLE 96           US: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION) 133

TABLE 97           US: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION)          133

TABLE 98           US: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION)          134

11.2.4    CANADA            134

TABLE 99           CANADA: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 134

TABLE 100         CANADA: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 134

TABLE 101         CANADA: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION)     135

TABLE 102         CANADA: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     135

TABLE 103         CANADA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 135

TABLE 104         CANADA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 136

TABLE 105         CANADA: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION)     136

TABLE 106         CANADA: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION)     136

TABLE 107         CANADA: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 136

TABLE 108         CANADA: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 137

11.3       EUROPE             137

11.3.1    EUROPE: A2P MESSAGING MARKET DRIVERS    137

11.3.2    EUROPE: RECESSION IMPACT   138

TABLE 109         EUROPE: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 138

TABLE 110         EUROPE: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 138

TABLE 111         EUROPE: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION)     138

TABLE 112         EUROPE: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     139

TABLE 113         EUROPE: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 139

TABLE 114         EUROPE: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 139

TABLE 115         EUROPE: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION)     139

TABLE 116         EUROPE: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION)     140

TABLE 117         EUROPE: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 140

TABLE 118         EUROPE: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 140

TABLE 119         EUROPE: A2P MESSAGING MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 140

TABLE 120         EUROPE: A2P MESSAGING MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 141

11.3.3    UK         141

TABLE 121         UK: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION)          141

TABLE 122         UK: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION)          141

TABLE 123         UK: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 142

TABLE 124         UK: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 142

TABLE 125         UK: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 142

TABLE 126         UK: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 143

TABLE 127         UK: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION) 143

TABLE 128         UK: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION) 143

TABLE 129         UK: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION)          143

TABLE 130         UK: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION)          144

11.3.4    GERMANY         144

TABLE 131         GERMANY: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 144

TABLE 132         GERMANY: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 144

TABLE 133         GERMANY: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION)     145

TABLE 134         GERMANY: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     145

TABLE 135         GERMANY: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 145

TABLE 136         GERMANY: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 146

TABLE 137         GERMANY: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION)     146

TABLE 138         GERMANY: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION)     146

TABLE 139         GERMANY: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 146

TABLE 140         GERMANY: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 147

11.3.5    ITALY   147

TABLE 141         ITALY: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 147

TABLE 142         ITALY: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 147

TABLE 143         ITALY: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 148

TABLE 144         ITALY: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 148

TABLE 145         ITALY: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 148

TABLE 146         ITALY: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 149

TABLE 147         ITALY: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION) 149

TABLE 148         ITALY: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION) 149

TABLE 149         ITALY: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 149

TABLE 150         ITALY: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 150

11.3.6    FRANCE             150

11.3.7    REST OF EUROPE           150

11.4       ASIA PACIFIC    150

FIGURE 41         ASIA PACIFIC: MARKET SNAPSHOT       151

11.4.1    ASIA PACIFIC: A2P MESSAGING MARKET DRIVERS         151

11.4.2    ASIA PACIFIC: RECESSION IMPACT        152

TABLE 151         ASIA PACIFIC: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION)     152

TABLE 152         ASIA PACIFIC: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION)     152

TABLE 153         ASIA PACIFIC: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION)          152

TABLE 154         ASIA PACIFIC: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          153

TABLE 155         ASIA PACIFIC: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION)         153

TABLE 156         ASIA PACIFIC: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION)         153

TABLE 157         ASIA PACIFIC: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION)          153

TABLE 158         ASIA PACIFIC: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION)          154

TABLE 159         ASIA PACIFIC: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION)     154

TABLE 160         ASIA PACIFIC: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION)     154

TABLE 161         ASIA PACIFIC: A2P MESSAGING MARKET, BY COUNTRY, 2019–2023 (USD MILLION)     154

TABLE 162         ASIA PACIFIC: A2P MESSAGING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     155

11.4.3    CHINA  155

TABLE 163         CHINA: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 155

TABLE 164         CHINA: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 155

TABLE 165         CHINA: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 156

TABLE 166         CHINA: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 156

TABLE 167         CHINA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 156

TABLE 168         CHINA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 157

TABLE 169         CHINA: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION) 157

TABLE 170         CHINA: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION) 157

TABLE 171         CHINA: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 157

TABLE 172         CHINA: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 158

11.4.4    JAPAN  158

TABLE 173         JAPAN: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 158

TABLE 174         JAPAN: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 158

TABLE 175         JAPAN: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 159

TABLE 176         JAPAN: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 159

TABLE 177         JAPAN: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 159

TABLE 178         JAPAN: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 160

TABLE 179         JAPAN: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION) 160

TABLE 180         JAPAN: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION) 160

TABLE 181         JAPAN: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 160

TABLE 182         JAPAN: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 161

11.4.5    INDIA   161

TABLE 183         INDIA: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 161

TABLE 184         INDIA: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 161

TABLE 185         INDIA: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 162

TABLE 186         INDIA: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 162

TABLE 187         INDIA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 162

TABLE 188         INDIA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 163

TABLE 189         INDIA: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION) 163

TABLE 190         INDIA: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION) 163

TABLE 191         INDIA: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 163

TABLE 192         INDIA: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 164

11.4.6    REST OF ASIA PACIFIC  164

11.5       MIDDLE EAST & AFRICA             164

11.5.1    MIDDLE EAST & AFRICA: A2P MESSAGING MARKET DRIVERS    165

11.5.2    MIDDLE EAST & AFRICA: RECESSION IMPACT   165

TABLE 193         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY OFFERING,  2019–2023 (USD MILLION) 165

TABLE 194         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY OFFERING,  2024–2029 (USD MILLION) 166

TABLE 195         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY APPLICATION,  2019–2023 (USD MILLION)        166

TABLE 196         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY APPLICATION,  2024–2029 (USD MILLION)        166

TABLE 197         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL, 2019–2023 (USD MILLION)           167

TABLE 198         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL, 2024–2029 (USD MILLION)           167

TABLE 199         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY SMS TRAFFIC,  2019–2023 (USD MILLION)    167

TABLE 200         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY SMS TRAFFIC,  2024–2029 (USD MILLION)    167

TABLE 201         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY END USER,  2019–2023 (USD MILLION)          168

TABLE 202         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY END USER,  2024–2029 (USD MILLION)          168

TABLE 203         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY COUNTRY,  2019–2023 (USD MILLION) 168

TABLE 204         MIDDLE EAST & AFRICA: A2P MESSAGING MARKET, BY COUNTRY,  2024–2029 (USD MILLION) 169

11.5.3    GCC COUNTRIES           169

11.5.3.1 UAE      169

11.5.3.2 KSA       169

11.5.3.3 Rest of GCC Countries      169

TABLE 205         GCC COUNTRIES: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION)          170

TABLE 206         GCC COUNTRIES: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION)          170

TABLE 207         GCC COUNTRIES: A2P MESSAGING MARKET, BY APPLICATION,  2019–2023 (USD MILLION)          170

TABLE 208         GCC COUNTRIES: A2P MESSAGING MARKET, BY APPLICATION,  2024–2029 (USD MILLION)          171

TABLE 209         GCC COUNTRIES: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION)         171

TABLE 210         GCC COUNTRIES: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION)         171

TABLE 211         GCC COUNTRIES: A2P MESSAGING MARKET, BY SMS TRAFFIC,  2019–2023 (USD MILLION)          172

TABLE 212         GCC COUNTRIES: A2P MESSAGING MARKET, BY SMS TRAFFIC,  2024–2029 (USD MILLION)          172

TABLE 213         GCC COUNTRIES: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION)          172

TABLE 214         GCC COUNTRIES: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION)          172

TABLE 215         GCC COUNTRIES: A2P MESSAGING MARKET, BY COUNTRY, 2019–2023 (USD MILLION)          173

TABLE 216         GCC COUNTRIES: A2P MESSAGING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          173

11.5.4    SOUTH AFRICA 173

TABLE 217         SOUTH AFRICA: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION)          173

TABLE 218         SOUTH AFRICA: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION)          173

TABLE 219         SOUTH AFRICA: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION)          174

TABLE 220         SOUTH AFRICA: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          174

TABLE 221         SOUTH AFRICA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION)         174

TABLE 222         SOUTH AFRICA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION)         175

TABLE 223         SOUTH AFRICA: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION)          175

TABLE 224         SOUTH AFRICA: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION)          175

TABLE 225         SOUTH AFRICA: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION)     175

TABLE 226         SOUTH AFRICA: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION)     176

11.5.5    REST OF MIDDLE EAST & AFRICA           176

11.6       LATIN AMERICA             176

11.6.1    LATIN AMERICA: A2P MESSAGING MARKET DRIVERS    176

11.6.2    LATIN AMERICA: RECESSION IMPACT   177

TABLE 227         LATIN AMERICA: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION)          177

TABLE 228         LATIN AMERICA: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION)          177

TABLE 229         LATIN AMERICA: A2P MESSAGING MARKET, BY APPLICATION,  2019–2023 (USD MILLION)          178

TABLE 230         LATIN AMERICA: A2P MESSAGING MARKET, BY APPLICATION,  2024–2029 (USD MILLION)          178

TABLE 231         LATIN AMERICA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION)         178

TABLE 232         LATIN AMERICA: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION)         179

TABLE 233         LATIN AMERICA: A2P MESSAGING MARKET, BY SMS TRAFFIC,  2019–2023 (USD MILLION)          179

TABLE 234         LATIN AMERICA: A2P MESSAGING MARKET, BY SMS TRAFFIC,  2024–2029 (USD MILLION)          179

TABLE 235         LATIN AMERICA: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION)          179

TABLE 236         LATIN AMERICA: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION)          180

TABLE 237         LATIN AMERICA: A2P MESSAGING MARKET, BY COUNTRY, 2019–2023 (USD MILLION)          180

TABLE 238         LATIN AMERICA: A2P MESSAGING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          180

11.6.3    BRAZIL 180

TABLE 239         BRAZIL: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 181

TABLE 240         BRAZIL: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 181

TABLE 241         BRAZIL: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION)     181

TABLE 242         BRAZIL: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     181

TABLE 243         BRAZIL: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 182

TABLE 244         BRAZIL: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 182

TABLE 245         BRAZIL: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION) 182

TABLE 246         BRAZIL: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION) 182

TABLE 247         BRAZIL: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 183

TABLE 248         BRAZIL: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 183

11.6.4    MEXICO             183

TABLE 249         MEXICO: A2P MESSAGING MARKET, BY OFFERING, 2019–2023 (USD MILLION) 183

TABLE 250         MEXICO: A2P MESSAGING MARKET, BY OFFERING, 2024–2029 (USD MILLION) 184

TABLE 251         MEXICO: A2P MESSAGING MARKET, BY APPLICATION, 2019–2023 (USD MILLION)     184

TABLE 252         MEXICO: A2P MESSAGING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     184

TABLE 253         MEXICO: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2019–2023 (USD MILLION) 184

TABLE 254         MEXICO: A2P MESSAGING MARKET, BY COMMUNICATION CHANNEL,  2024–2029 (USD MILLION) 185

TABLE 255         MEXICO: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2019–2023 (USD MILLION)     185

TABLE 256         MEXICO: A2P MESSAGING MARKET, BY SMS TRAFFIC, 2024–2029 (USD MILLION)     185

TABLE 257         MEXICO: A2P MESSAGING MARKET, BY END USER, 2019–2023 (USD MILLION) 185

TABLE 258         MEXICO: A2P MESSAGING MARKET, BY END USER, 2024–2029 (USD MILLION) 186

11.6.5    REST OF LATIN AMERICA          186

12          COMPETITIVE LANDSCAPE       187

12.1       OVERVIEW        187

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          187

TABLE 259         OVERVIEW OF STRATEGIES DEPLOYED BY KEY A2P MESSAGING VENDORS 187

12.3       REVENUE ANALYSIS      188

FIGURE 42         FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023 (USD MILLION) 189

12.4       MARKET SHARE ANALYSIS         189

TABLE 260         A2P MESSAGING MARKET: DEGREE OF COMPETITION 189

FIGURE 43         MARKET SHARE ANALYSIS OF A2P MESSAGING COMPANIES, 2023      191

12.4.1    MARKET RANKING ANALYSIS   192

FIGURE 44         MARKET RANKING ANALYSIS OF TOP FIVE PLAYERS     192

12.5       COMPANY EVALUATION MATRIX: KEY PLAYERS            192

12.5.1    STARS  192

12.5.2    EMERGING LEADERS    192

12.5.3    PERVASIVE PLAYERS     192

12.5.4    PARTICIPANTS 192

FIGURE 45         A2P MESSAGING MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     193

12.5.5    COMPANY FOOTPRINT: KEY PLAYERS  194

FIGURE 46         OVERALL COMPANY FOOTPRINT, 2023 194

TABLE 261         REGIONAL FOOTPRINT, 2023    194

TABLE 262         OFFERING FOOTPRINT, 2023    195

TABLE 263         END USER FOOTPRINT, 2023     196

12.6       COMPANY EVALUATION MATRIX: STARTUPS/SMES      196

12.6.1    PROGRESSIVE COMPANIES       196

12.6.2    RESPONSIVE COMPANIES          197

12.6.3    DYNAMIC COMPANIES 197

12.6.4    STARTING BLOCKS       197

FIGURE 47         A2P MESSAGING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023             197

12.6.5    COMPETITIVE BENCHMARKING            198

TABLE 264         DETAILED LIST OF KEY STARTUPS/SMES, 2023 198

TABLE 265         COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES              198

12.7       COMPETITIVE SCENARIO          199

12.7.1    PRODUCT LAUNCHES & ENHANCEMENTS         199

TABLE 266         A2P MESSAGING MARKET: PRODUCT LAUNCHES & ENHANCEMENTS, JANUARY 2020–FEBRUARY 2024          199

12.7.2    DEALS  200

TABLE 267         A2P MESSAGING MARKET: DEALS, JANUARY 2020–FEBRUARY 2024      200

12.8       BRAND/PRODUCT COMPARISON          203

FIGURE 48         PROMINENT A2P MESSAGING SOLUTIONS        203

12.9       EV/EBITDA       203

FIGURE 49         EV/EBITDA, 2023            203

12.10     COMPANY VALUATION 204

FIGURE 50         COMPANY VALUATION OF KEY A2P MESSAGING VENDORS              204

13          COMPANY PROFILES    205

13.1       KEY PLAYERS   205

(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats)*

13.1.1    AT&T    205

TABLE 268         AT&T: COMPANY OVERVIEW    205

FIGURE 51         AT&T: COMPANY SNAPSHOT    206

TABLE 269         AT&T: PRODUCTS/SOLUTIONS/SERVICES OFFERED     206

TABLE 270         AT&T: PRODUCT LAUNCHES & ENHANCEMENTS          207

TABLE 271         AT&T: DEALS   207

13.1.2    CHINA MOBILE 208

TABLE 272         CHINA MOBILE: COMPANY OVERVIEW 208

FIGURE 52         CHINA MOBILE: COMPANY SNAPSHOT 208

TABLE 273         CHINA MOBILE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              209

TABLE 274         CHINA MOBILE: PRODUCT LAUNCHES & ENHANCEMENTS              209

13.1.3    SINCH  211

TABLE 275         SINCH: COMPANY OVERVIEW   211

FIGURE 53         SINCH: COMPANY SNAPSHOT  212

TABLE 276         SINCH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    212

TABLE 277         SINCH: PRODUCT LAUNCHES & ENHANCEMENTS         213

TABLE 278         SINCH: DEALS  213

13.1.4    TWILIO 215

TABLE 279         TWILIO: COMPANY OVERVIEW 215

FIGURE 54         TWILIO: COMPANY SNAPSHOT 216

TABLE 280         TWILIO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216

13.1.5    INFOBIP             218

TABLE 281         INFOBIP: BUSINESS OVERVIEW 218

TABLE 282         INFOBIP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218

TABLE 283         INFOBIP: PRODUCT LAUNCHES & ENHANCEMENTS      219

TABLE 284         INFOBIP: DEALS             219

13.1.6    VONAGE            221

TABLE 285         VONAGE: COMPANY OVERVIEW            221

TABLE 286         VONAGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              221

TABLE 287         VONAGE: PRODUCT LAUNCHES & ENHANCEMENTS     222

TABLE 288         VONAGE: DEALS            222

13.1.7    ORANGE            224

TABLE 289         ORANGE: COMPANY OVERVIEW            224

FIGURE 55         ORANGE: COMPANY SNAPSHOT            225

TABLE 290         ORANGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225

13.1.8    COMVIVA          226

TABLE 291         COMVIVA: COMPANY OVERVIEW           226

TABLE 292         COMVIVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              227

TABLE 293         COMVIVA: DEALS          227

13.1.9    ROUTE MOBILE             228

TABLE 294         ROUTE MOBILE: COMPANY OVERVIEW 228

FIGURE 56         ROUTE MOBILE: COMPANY SNAPSHOT 229

TABLE 295         ROUTE MOBILE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              229

TABLE 296         ROUTE MOBILE: DEALS             230

13.1.10  BICS      231

TABLE 297         BICS: COMPANY OVERVIEW      231

TABLE 298         BICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED       231

TABLE 299         BICS: PRODUCT LAUNCHES & ENHANCEMENTS             232

13.2       OTHER PLAYERS           233

13.2.1    MONTY MOBILE            233

13.2.2    TATA COMMUNICATIONS         234

13.2.3    SYNIVERSE        235

13.2.4    TYNTEC             236

13.2.5    SOPRANO DESIGN         237

13.2.6    GENESYS           237

13.3       SMES/STARTUPS           238

13.3.1    CLICKATELL     238

13.3.2    CEQUENS          239

13.3.3    MSG91  239

13.3.4    PLIVO  240

13.3.5    MITTO 241

13.3.6    BIRD     242

13.3.7    TELEWHALE     243

13.3.8    ENABLEX.IO     243

13.3.9    TEXTUS             244

13.3.10  VOXVALLEY      244

*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.

14          ADJACENT/RELATED MARKETS             245

14.1       INTRODUCTION TO ADJACENT MARKETS        245

TABLE 300         ADJACENT MARKETS AND FORECASTS 245

14.2       LIMITATIONS   245

14.3       COMMUNICATION PLATFORM AS A SERVICE MARKET 245

14.3.1    MARKET DEFINITION   245

TABLE 301         COMMUNICATION PLATFORM AS A SERVICE MARKET, BY COMPONENT,  2018–2021 (USD MILLION)         245

TABLE 302         COMMUNICATION PLATFORM AS A SERVICE MARKET, BY COMPONENT,  2022–2027 (USD MILLION)         246

TABLE 303         COMMUNICATION PLATFORM AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2018–2021 (USD MILLION)          246

TABLE 304         COMMUNICATION PLATFORM AS A SERVICE MARKET, BY ORGANIZATION SIZE,  2022–2027 (USD MILLION)          246

TABLE 305         COMMUNICATION PLATFORM AS A SERVICE MARKET, BY VERTICAL,  2018–2021 (USD MILLION) 247

TABLE 306         COMMUNICATION PLATFORM AS A SERVICE MARKET, BY VERTICAL,  2022–2027 (USD MILLION) 247

TABLE 307         COMMUNICATION PLATFORM AS A SERVICE MARKET, BY REGION,  2018–2021 (USD MILLION)     248

TABLE 308         COMMUNICATION PLATFORM AS A SERVICE MARKET, BY REGION,  2022–2027 (USD MILLION)     248

14.4       RICH COMMUNICATION SERVICES (RCS) MARKET        248

14.4.1    MARKET DEFINITION   248

TABLE 309        RICH COMMUNICATION SERVICES MARKET, BY APPLICATION,  2016–2019 (USD MILLION)          248

TABLE 310        RICH COMMUNICATION SERVICES MARKET, BY APPLICATION,  2020–2025 (USD MILLION)          249

TABLE 311         RICH COMMUNICATION SERVICES MARKET, BY END USER,  2016–2019 (USD MILLION)          249

TABLE 312         RICH COMMUNICATION SERVICES MARKET, BY END USER,  2020–2025 (USD MILLION)          249

TABLE 313         RICH COMMUNICATION SERVICES MARKET, BY ORGANIZATION SIZE,  2016–2019 (USD MILLION)          249

TABLE 314         RICH COMMUNICATION SERVICES MARKET, BY ORGANIZATION SIZE,  2020–2025 (USD MILLION)          250

TABLE 315         RICH COMMUNICATION SERVICES MARKET, BY ENTERPRISE VERTICAL,  2016–2019 (USD MILLION) 250

TABLE 316         RICH COMMUNICATION SERVICES MARKET, BY ENTERPRISE VERTICAL,  2020–2025 (USD MILLION) 250

TABLE 317         RICH COMMUNICATION SERVICES MARKET, BY REGION, 2016–2019 (USD MILLION)     251

TABLE 318         RICH COMMUNICATION SERVICES MARKET, BY REGION, 2020–2025 (USD MILLION)     251

15          APPENDIX         252

15.1       DISCUSSION GUIDE      252

15.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             254

15.3       CUSTOMIZATION OPTIONS      256

15.4       RELATED REPORTS       256

15.5       AUTHOR DETAILS         257