Global Rich Communications Service (RCS) Market to Grow at a CAGR of 41.8% by 2023 - Surging Utilization of VoLTE to Spur Rich Communication Service Promotions

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Jul 20, 2017, 15:15 ET

DUBLIN, July 20, 2017 /PRNewswire/ --

The "Global Rich Communications Service (RCS) Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report has been added to Research and Markets' offering.

The global rich communication service is anticipated to grow with a CAGR of 41.8% during the forecast period 2016-2023.

Rich Communications Services is an IP multimedia subsystem -based platform that allows the distribution of communication services elsewhere the conventional SMS and voice services. It offers the MNOs (Mobile Network Operators) with a prospect to upsurge their revenues or at least reserve their present revenues by offering consumers with improved communication services such as live video, instantaneous messaging, and others across devices and on any network. The major impacting factor of the global rich communication service market is surging utilization of VoLTE to spur rich communication service promotions and economic viability of services.

Furthermore, the growth of market is also driven by the factors such as increasing mobile subscription, rising demand for mobile value-added services, growing investments in IMS and LTE and huge impact of social networks. The major challenges faced by global RCS market are switching costs related with RCS systems and cost issues. Additionally, LTE voice is once a miscellaneous field, with VoLTE (voice over LTE), circuit-switched fallback (CSFB), instantaneous voice and LTE (SVLTE), and voice over long-gain antenna (VoLGA) all competing for supremacy, but IP-multimedia subsystem-based (IMS-based) VoLTE has now arisen as the long-term solution of choice, with the others only proving temporary.

The segmentation of global rich communication service market includes solution and application. The solution segment is further divided into VoIP, online storage, unified messaging, web conferencing, multimedia, social presence information, file transfer/content sharing, SIP options/presence based capability exchange and others. The application segment of global rich communication service market is segmented into cloud storage/access, rich calls & messaging, mobile commerce, value added services (VAS), VoLTE and others.

Market Trends:

Increasing Mobile Subscription
Rising Demand for Mobile Value-Added Services
Growing Investments in Ims And Lte
Huge Impact of Social Networks

Companies Mentioned

Acision
Acme Packet.
Alcatel-Lucent
D2 Technologies
Deutsche Telekom.
Genband.
Huawei
Infinite Convergence.
LG U+
Metaswitch Networks.
Movistar
Neusoft
Nokia Siemens Network.
Summit Tech
Vodafone

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Rich Communication Services Market By Region

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/bkkk2r/global_rich

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SOURCE Research and Markets