Global Rich Communications Suite (RCS) Services Strategic Market Report 2023: Market to Reach $69.7 Billion by 2030 - Rise of Digital Marketing Opens Up New Opportunities for Adoption

Dublin, April 18, 2023 (GLOBE NEWSWIRE) -- The "Rich Communications Suite (RCS) Services: Global Strategic Business Report" report has been added to's offering.

Global Rich Communications Suite (RCS) Services Market to Reach $69.7 Billion by 2030

The global market for Rich Communications Suite (RCS) Services estimated at US$7.8 Billion in the year 2022, is projected to reach a revised size of US$69.7 Billion by 2030, growing at a CAGR of 31.5% over the analysis period 2022-2030.

A2P, one of the segments analyzed in the report, is projected to record a 31.1% CAGR and reach US$48.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the P2p segment is readjusted to a revised 29% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 37.4% CAGR

The Rich Communications Suite (RCS) Services market in the U.S. is estimated at US$2.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2030 trailing a CAGR of 37.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 31.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 27.1% CAGR.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages638
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$7.8 Billion
Forecasted Market Value (USD) by 2030$69.7 Billion
Compound Annual Growth Rate31.5%
Regions CoveredGlobal

Key Topics Covered:


  • Rich Communications Suite (RCS) Services - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Indispensability of Messaging in Modern Life & Communication Provides the Foundation for the Rise of RCS
  • The Rise & Ubiquity of Messaging Bodes Well For the Adoption & Proliferation of RCS
  • The Entire Base of Smartphone Users Represent the Target Market for RCS
  • Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Are Bullish About a Continuing Economic Comeback Despite a Prolonging Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play
  • Rich Communications Services (RCS): Definition, Overview, Importance & Benefits Introduction
  • Recent Market Activity
  • Innovations


  • Rise of Digital Marketing Opens Up New Opportunities for Adoption of RCS
  • Growing Spending on Digital Marketing, Especially Mobile Marketing, Highlights the Importance of Messaging based Ads
  • Here's How RCS Will Revolutionize Digital Marketing
  • Tightening Regulations for OTT Content Including Messaging Triggers Shift Towards RCS
  • Migration from SMS to RCS Gets Underway
  • As Enterprises Migrate to RCS Communication Platform, RCS Business Messages to Witness Robust Growth
  • Rise of Conversational Commerce Bodes Well for Adoption of RCS
  • Growing Spending on Conversational Commerce to Amplify Opportunities for RCS in the Retailing Space
  • Telecom Operators to Offer RCS as Part of 5G Services
  • 5G Makes its Debut
  • RCS Brings the Promise of Enhancing 5G, an Opportunity Telecom Operators Cannot Ignore
  • 5G SMS is Here to Stay!
  • Benefits of 5G RCS
  • Led by China, Competition Heats up
  • As Hospitals Tap into Text Messaging to Optimize Patient Communication, RCS to Witness Strong growth
  • Growing Popularity of A2P Messaging, Catalyzed the Pandemic Drives Opportunities for RCS

FOCUS ON SELECT PLAYERS (Total 252 Featured)

  • Alcatel-Lucent S.A.
  • Telefonaktiebolaget LM Ericsson
  • Huawei Technology Co. Ltd.
  • Interop Technologies LLC
  • Mavenir Systems Inc.
  • Nokia Networks
  • Orange S.A.
  • SAP SE
  • SK Telecom Co. Ltd.
  • Vodafone group Plc.

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Global Market for Rich Communications Suite (RCS) Services

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