How big is the Rich Communication Services Market?

The Rich Communication Services Market size is expected to reach USD 2.29 billion in 2024 and grow at a CAGR of 25.37% to reach USD 7.12 billion by 2029. Read More

What is the current Rich Communication Services Market size?

In 2024, the Rich Communication Services Market size is expected to reach USD 2.29 billion. Read More

Who are the key players in Rich Communication Services Market?

Huawei Technologies Co. Ltd, Telefonaktiebolaget LM Ericsson, Mavenir Systems, Google LLC and Samsung Electronics Co Ltd are the major companies operating in the Rich Communication Services Market. Read More

Which is the fastest growing region in Rich Communication Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Rich Communication Services Market?

In 2024, the North America accounts for the largest market share in Rich Communication Services Market. Read More

What years does this Rich Communication Services Market cover, and what was the market size in 2023?

In 2023, the Rich Communication Services Market size was estimated at USD 1.71 billion. The report covers the Rich Communication Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rich Communication Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Rich Communication Services Market - RCS - Size & Industry Analysis

Rich Communication Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Rich Communication Services (RCS) Market Trends & Statistics. The Market is Segmented by End-User Vertical (BFSI, Media and Entertainment, Travel and Hospitality, Retail, Healthcare, and Other End-User Verticals) and Geography (North America, Europe, Asia Pacific, and the Rest of the World). The Market Size and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Rich Communication Services (RCS) Industry Overview

The competitive landscape within the market remains moderate, with companies actively exploring the numerous opportunities presented by the rich communication services sector. Organizations are forging strategic partnerships with technology firms and network operators to harness advanced technological capabilities and foster innovation.

In February 2023, Vodafone unveiled its ambitious plans to extend its collaboration with Google across the European market, encompassing mobile messaging services, Pixel devices, and Vodafone's TV platform. This enhanced partnership will enable Vodafone customers to relish enriched messaging experiences through the utilization of Google Jibe Cloud, which will empower Vodafone's implementation of Rich Communications Services (RCS).

In October 2022, Sinch AB (publ) announced the integration of the KakaoTalk channel into its Conversation API. This addition significantly broadens the array of communication channels available for enterprises seeking to engage in omnichannel conversations with their global consumer base. The extended channels now encompass SMS, RCS, WhatsApp, Viber, Business, Facebook Messenger, and the latest inclusion, KakaoTalk.