Global Rich Communications Services Market

Dec 2018| VMR585A| Verified Market Research

Report Highlights

SuThe Global Rich Communications Services Market was valued at USD 1785.19 million in 2016 and is projected to reach USD 69498.20 million by 2025, growing at a CAGR of 50.21% from 2017 to 2025.

Rich Communication Services 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, provide phonebook polling, and transmit in-call multimedia. RCS features include instant messaging, voice over Wi-Fi and IP, video sharing and calling, and Web RTC.

Market Dynamics:
1. Market Drivers
1.1 Low Cost Services
1.2 Rising Demand for Integrated Communication and Video Services
1.3 Increasing Usage of Social Networks
1.4 Financial Benefits from Investing in Ims and Lte
1.5 Interoperability between Carriers
2. Market Restraints
2.1 High Costs Related to OTT Applications and RCS System
2.2 Increasing Competition in the Industry

Market Segmentation:
The Global Rich Communications Services Market is segmented on the user type, service, deployment model, and region.
1. By User Type:
1.1 Consumer
1.2 Enterprise User
1.3 Small Office Home Office

2. By Service:
2.1 File transfer
2.2 Chat
2.3 IP video call
2.4 Content sharing
2.5 Social presence sharing
2.6 VoIP
2.7 Others

3. By Deployment Model:
3.1 Cloud-based
3.2 On-premise 

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:

The major players in the market are as follows:
1. Huawei
2. Acision
3. Alcatel-Lucent
4. Genband
5. SAP
6. Mavenir Systems
7. Ericsson
8. Comverse
9. Interop Technologies
10. Nokia Solutions and Networks

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:

Research study on the Global Rich Communications Services Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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