The global RCS market size is projected to grow from USD 5.2 billion in 2020 to USD 11.7 billion by 2025, at a CAGR of 17.6% during 2020-2025

Increasing number of advertising and marketing companies to drive the Rich Communication Services(RCS) market growth

NEW YORK, Aug. 5, 2020 /PRNewswire/ —

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The global RCS market size is projected to grow from USD 5.2 billion in 2020 to USD 11.7 billion by 2025, at a CAGR of 17.6% during 2020–2025. Major growth factors for the market include Increasing investments on digital marketing across the enterprise verticals.
The COVID-19 outbreak has significantly impacted several communication service providers across the globe. Major countries from North America, Europe, APAC, MEA, and Latin America are badly affected in the pandemic and industry giants from several regions are taking initiatives to enable consumers with best quality communication services and stay connected with their network of employees and customers .

Byapplication, advertising campaignsegment

Article source: https://finance.yahoo.com/news/global-rcs-market-size-projected-164000980.html