Global Rich Communication Services (RCS) Market Report and Forecast 2025-2034

Global Rich Communication Services (RCS) Market Outlook

The global rich communication services (RCS) market size stood at a value of around USD 3783.96 million in 2024. The market is further expected to grow at a CAGR of 35.5% in the forecast period of 2025-2034 to attain a value of USD 58263.98 million by 2034.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Demand for Cloud Based Deployment Model to Spearhead the Market Growth of the Global Rich Communication Services (RCS) Industry

Based on deployment model, the cloud segment is predicted to hold a significant market share in the rich communication services (RCS) industry. This growth can be attributed to the increased implementation of cloud technology owing to its beneficial properties such as improved scalability, low maintenance costs, and easy integration. In addition, the heightened demand for rich communication services in the healthcare sector, in an endeavour to make healthcare amenities more accessible to patients across the globe, is expected to further aid the market growth. These factors are expected to contribute to the overall market growth in the forecast period.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

North America to Provide Lucrative Growth Opportunities to the Global Rich Communication Services (RCS) Industry

North America is estimated to hold a substantial share of the rich communication services (RCS) industry in the forecast period. This growth can be attributed to the presence of leading market players in the region. In addition, the growing availability of 5G network in the region is also predicted to propel the market growth. Moreover, the demand for advanced communication channels such as the demand for chatbots is also expected to add to the industry growth. Furthermore, RCS provides lucrative expansion opportunities to mobile network operators seeking to join the internet messaging and communication services bandwagon. Meanwhile, the rapid technological advancements in the Asia Pacific are anticipated to propel the market demand in the region, which is estimated to contribute to the market growth in the forecast period.

Rich Communication Services (RCS): Market Segmentation

Rich communication services (RCS) are mobile communication alternatives to SMS and other web-based messaging services. The RCS is a SIP and HTTP based communication channel that facilitates calling, messaging, video calling, and file transferring operations. RCS communication, just like web-based proprietary messaging services functions online, however, it also requires the phone system as in the case of SMS services. Thus, RCS provides interactive communication facilities such as in web-based communication mechanisms such as messenger and WhatsApp, while also offering the reach of SMS.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By deployment model, the market is divided into:

• On-Premise 
• Cloud

On the basis of enterprise size, the market can be bifurcated into:

• Small and Medium Scale Enterprises
• Large Scale Enterprises

Based on applications, the industry can be segmented into:

• Rich Calls and Messaging 
• Content Delivery (Content Sharing, File Transfer)
• Value Added Services (VAS)
• Marketing and Advertising Campaign 
• Cloud Storage

On the basis of industry vertical, the market can be distributed into:

• Healthcare 
• Retail and E-Commerce
• BFSI
• IT and Telecom 
• Travel and Tourism 
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rapid Digitalisation and the Growing Smartphone Penetration to Drive the Global Rich Communication Services (RCS) Industry

The heightened digitalisation with increased adoption of the internet of things (IoT) and increasing access to internet facilities across industries is anticipated to propel the demand for rich communication services in the coming years. According to the World Bank statistics, in 2017, 49% of the global population had access to the internet compared to 41.7% in 2015. In addition, the growing mobile phone ownership is also contributing to the market growth significantly. According to the World Bank's World Development Report of 2016, 8 out of 10 people in the developing nations owned a mobile phone, and this number is expected to steadily increase over time. Furthermore, rapid technological advancements are also expected to aid the industry growth. These factors are estimated to positively impact the market growth in the forecast period.

Key Industry Players in the Global Rich Communication Services (RCS) Market

The report gives a detailed analysis of the following key players in the global rich communication services (RCS) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• AT&T
• Google LLC
• Vodafone
• Deutsche Telekom AG
• Ribbon Communications Operating Company, Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report