Global Rich Communication Services (RCS) Market is expected to reach $20.92 billion by 2027 growing at a CAGR of 20.9% during 2018 to 2027.

Some of the key players profiled in the Rich Communication Services (RCS) Market include AT&T, Sprint, Vodafone, Deutsche Telekom, Google, Verizon, Telefonica, T-Mobile, China Mobile, Orange Business, KDDI, Slovak Telekom, TELIT, SK Telecom, and Telstra.

The increasing number of advertising and marketing companies and the direct association of the service providers are the major factors driving the market growth. However, the lack of awareness among organizations about the deployment and usage of these services are restraining market growth.

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Rich Communication Services (RCS) is a communication protocol between mobile-telephone carriers and between phone and carrier, aiming at replacing SMS messages with a text-message system that is richer, provides phonebook polling (for service discovery), and can transmit in-call multimedia.

Based on the enterprise size, large enterprises segment is likely to have a huge demand because large enterprises usually have the necessary resources to carry multiple operations, which may include separate business units to concentrate on advertising and marketing.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to increasing smartphone connections, rising population, and the use of advanced short message service (SMS) systems for customer relationship management.

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Solutions Covered:
• Unified Messaging
• Multimedia
• Instant Messaging (IM) & Presence Service
• Network Backed List
• Online Storage
• Session Initiation Protocol (SIP) Options/Presence-Based Capability Exchange
• Web Conferencing
• Content Sharing
• Social Presence Information
• Voice over Internet Protocol (VoIP)
• File Transfer
• Geolocation Exchange

Deployments Covered:
• Cloud
• On-premise

Technologies Covered:
• Rich Communication Services (RCS)-Like
• Rich Communication Services (RCS)
• Enhanced Rich Communication Suite (RCS-e)

Enterprise Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises

Applications Covered:
• Cloud Storage/Access
• Integrated Solutions
• Value Added Services (VAS)
• Mobile Commerce
• Rich Calls and Messaging
• Advertising Campaign
• Content Delivery
• Video and Voice over Long Term Evolution (VoLTE)

Partners Covered:
• Infrastructure Provider
• Independent Software Vendors (ISVs)
• Over-the-Top (OTT) Service Providers
• Original Equipment Manufacturers (OEM)
• Mobile Network Operators (MNOs)
• Application Programming Interface (API) Providers

End Users Covered:
• Retail and Ecommerce
• Telecom and IT
• Healthcare
• Tourism and Logistics
• Banking, Financial Services, and Insurance
• Media and Entertainment
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Release ID: 88936652