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(Wireless-NewsWire.Com, March 08, 2018 ) The 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's features include – instant messaging, voice over Wi-Fi and IP, video sharing and calling, and Web RTC.
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Some of the prominent participants in the market for Rich Communication Services (RCS) are Alcatel-Lucent S.A.., Ericsson, Interop Technologies., Genband Inc., SAP, Mavenir Systems, Huawei Device Co., Ltd, Nokia Networks, SAP America Inc., Vodafone group Plc., Xura, Inc., SK Telecom, Comverse, Orange S.A., and Acision.
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
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:
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.
Table of Content
1 INTRODUCTION OF GLOBAL RICH COMMUNICATIONS SERVICES MARKET
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 GLOBAL RICH COMMUNICATIONS SERVICES MARKET OUTLOOK
5 GLOBAL RICH COMMUNICATIONS SERVICES MARKET BY USER TYPE
6 GLOBAL RICH COMMUNICATIONS SERVICES MARKET BY SERVICE
7 GLOBAL RICH COMMUNICATIONS SERVICES MARKET BY DEPLOYMENT MODEL
8 GLOBAL RICH COMMUNICATIONS SERVICES MARKET, BY GEOGRAPHY
9 GLOBAL RICH COMMUNICATIONS SERVICES MARKETCOMPETITIVE LANDSCAPE
10 COMPANY PROFILES
11 Appendix
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