According to a new market report published by Transparency Market Research, the global application-to-person (A2P) SMS and API market is projected to reach US$ 93,178.2 Mn by 2026. The market is expected to expand at a CAGR of 4.6% during the forecast period from 2018 to 2026. Furthermore, rise of Two-Factor Authentication (2FA) and surging mobile marketing across various industry verticals including BFSI and retail verticals are contributing majorly to the growth of the application-to-person (A2P) SMS and API market.
Asia Pacific is anticipated to lead the global application-to-person (A2P) SMS and API market during the forecast period, followed by North America, Europe, Middle East Africa, and South America. Factors such as increasing smartphone penetration, growing e-commerce industry, and transactions through internet based mobile applications are reasons for this fast growth. Within Asia Pacific, cloud API technology segment is projected to expand
Recent Comments