Premium Messaging Market Share, Industry Growth, and Analysis Report 2021-26

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Premium messaging market

SHERIDAN, ALABAMA, USA, Nov 18, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report, titled “Premium Messaging Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026, ”the global premium messaging market has shown moderate growth during the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 5% during the period 2021-2026.

Premium messaging is a service in which the short message service (SMS) is sent using a unique short code. Compared to the standard messaging rate, its subscription requires an additional cost billed on the user’s mobile credits. Premium messaging provides access to various information and services, including quizzes, music, translations, ringtones, contests, stock quotes, etc., using speed dial numbers. Currently, these services operate on demand and at a predetermined frequency, such as flight delays and sports scores.

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.

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Global Premium Messaging Market Trends:

The growing number of mobile subscribers and the growing adoption of two-factor authentication are among the major factors driving the premium messaging market across the globe. In addition, several companies are using cloud application programming interfaces (APIs) with built-in contextual communications for different applications, including on-premise service and customer relationship management (CRM) software. It helps to register users, improve interaction with customers, send status updates on pending services, etc. thus further propelling the growth of the market. Additionally, premium messaging is also gaining ground in charity and voting activities, which acts as another growth driver. In addition to this, the increasing prevalence of many medical conditions is driving the demand for these services in the healthcare industry for automatic appointment reminders and hassle-free communication. In addition, the increasing use of these services in the BFSI industry for improved internal and external communications is expected to fuel the premium messaging market during the forecast period.

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Global Premium Messaging Market Analysis and Segmentation 2021-2026:

Competitive landscape with Key Player:

The competitive landscape of the industry was also examined along with the profiles of the major players.

AMD Telecom SA, AT&T Inc., Comviva Technologies Limited (Tech Mahindra Limted), Infobip Ltd., Mavenir, Sinch, Synverset Technologies LLC, Tata Communications Limited, Twilio Inc., Tyntec and Verizon Communications Inc.

Breakdown by type:

A2P messaging
P2A messaging

Breakdown by tools:

Cloud API messaging platform
Traditional and managed messaging services
Breakdown by end user:

BFSI
Transport and travel
Health care
Media and entertainment
Retail and e-commerce
IT and telecom
Government
Others

Breakdown by region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)

Highlights of the report:

Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.

Elena Anderson
IMARC Services Private Limited
+1 6317911145
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