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Description
The global a2p messaging market size USD 61.2 billion in 2020 and expected to reach USD 73.3 billion by 2026, at a CAGR of 3.8% during the forecast period 2021-2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global A2P Messaging market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.In this study, the global A2P Messaging market is segmented based on Type, Application, Region, and Vendor. The segmental and regional analysis covers the revenue and volume forecast by region/country, type, and application for the period of 2016-2026. A2P messaging is for person-to-application messaging and A2P messaging stands for application-to-person messaging. These two technologies are being used in the ever-changing world of communication technology because they provide secure, dependable, and cost-effective communication. Bulk messages, notifications, alerts, and mobile contextual marketing are all examples of A2P messaging. It allows businesses to communicate with their customers in a timely and trustworthy manner. Promotional alerts and one-time passcode messages from third-party programmes are examples of A2P messaging, while SMS lottery campaigns and TV voting initiatives are examples of A2P messaging.
