Global A2P SMS Strategic Business Report 2023: An $89.3 Billion … – GlobeNewswire

| Source: Research and Markets Research and Markets
Dublin, June 19, 2023 (GLOBE NEWSWIRE) — The “A2P SMS: Global Strategic Business Report” report has been added to’s offering.

Global A2P SMS Market to Reach $89.3 Billion by 2030

The global market for A2P SMS estimated at US$63.3 Billion in the year 2022, is projected to reach a revised size of US$89.3 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2022-2030.
Promotional & Marketing Services, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$28.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Authentication Services segment is readjusted to a revised 5.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $16.6 Billion, While China is Forecast to Grow at 5.1% CAGR

The A2P SMS market in the U.S. is estimated at US$16.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$17.7 Billion by the year 2030 trailing a CAGR of 5.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Looking Ahead to 2023

Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
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