Short Message Service Marketing Market Market Overview, Segmentation, And Growth Strategies

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Data Bridge Market Research analyses that the short message service marketing market, valued at USD 8223.76 million in 2022, will reach USD 38442.44 million by 2030, growing at a CAGR of 21.26% during the forecast period of 2023 to 2030.

Acquiring maximum return on investment (ROI) hinges on understanding brand awareness, market landscapes, potential future challenges, industry trends, and customer behavior. Every detail and insight within this Short Message Service Marketing report serves as a guide for businesses to make informed decisions and enhance their ROI. Employing a data triangulation method involving data mining, analysis of data variables’ impact on the market, and validation by industry experts, this report ensures robustness. Furthermore, market segmentation is a pivotal aspect of this Short Message Service Marketing market report, categorizing the market based on applications, verticals, deployment models, end-users, and geography.

Utilizing cutting-edge tools and techniques, this Short Message Service Marketing Market report rigorously conducts research, analysis, and data gathering. It strategically profiles key market players, conducts systematic analyses of their core strengths, and presents a competitive landscape. In today's business landscape, there’s a dire need for precise, comprehensive, and detail-oriented market information to gain a clear understanding of market landscapes. The Short Message Service Marketing market report serves as a reliable resource, empowering businesses to focus on the realities and nuances of the Short Message Service Marketing industry, thereby guiding them on the right path.

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Key Growth Drivers:

  • Tailoring content enables promotions and helps the day's goal achievement

Text messages have a high open-rate and other advantages for marketers such as affordability, independence from the internet, and quick results through the 2-way messaging. Text messaging additionally enables tailoring promotional offers to specific target audiences. The customer's name can be mentioned at the outset, or marketers can offer deals on products that a customer buys frequently. The likelihood of converting a potential customer into a paying customer rises when marketing content is personalized.

  • Rising use of e-commerce surge in market demand

The development of the e-commerce sector, the accessibility of inexpensive smartphones, and the rising use of mobile banking, mobile payments, and mobile internet are all expected to contribute to market growth. The growing number of e-commerce retailers that use text messages to inform customers about new offers, upcoming events, order details, and status and introduce new products is responsible for the segment's high-value share. Additionally, it is anticipated that greater use of location-based services in the retail sector will improve customer shopping experiences by sending them SMS offers based on their current location.

The report emphasizes the participation of key entities, notably:

Oracle (U.S.), IBM (U.S.), Amobee, Inc, (U.S.), Chartboost, Inc. (U.S.), Slick Innovations, LLC (U.S.), EZ Texting (U.S.), Salesforce, Inc. (U.S.), Agile CRM (U.S.), Bitrix24 (U.S.), ClickSend (Australia), directSMS (Australia), Dove Soft Pvt Ltd (India), Exotel Techcom Pvt. Ltd (India), IMImobile Limited (U.K.), King Digital Pvt. Ltd (India), MessageBird (Netherlands), Osumare (India), Text Marketer (U.K.), TextMagic Ltd (U.S.), Infobip ltd (U.K.), CallHub (U.S.), Avochato (U.S.), Cytech Mobile (Greece), FirstHive (India)

Report Scope:

  1. Analysis of market trends influencing the global beverage stabilizers market's growth.
  2. Examination of trends within key regional and country-level markets based on type, function, and application.
  3. Providing a comprehensive overview of the Short Message Service Marketing market.
  4. Evaluation of historical, current, and projected market sizes in terms of volume and value.
  5. Offering a neutral perspective on market performance.
  6. Essential information for market players seeking to maintain and expand their market presence.

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Key Market Segmentation

Type (Application Generated, User Generated, Others), Application Type (Authentication and Verification, Promotion and Marketing, Customer Relationship Management (CRM), Information Broadcasting, Health Notification, Others), Component (Software, Services), Enterprise Outlook (SMEs, Large Enterprises), Deployment Type (SaaS, Cloud Based, On-Premises), Marketing Campaigns (Occasions, Special Offers, Celebrations, Others), Terminal Type (Mobile-Based, Desktop-Based), Type of SMS (Transactional SMS, Promotional SMS, Alert SMS, Personalize SMS), Pricing Type (Monthly Subscription, Annual Subscription, One-Time License), Range ( National, Multi-National, Worldwide), End User (Retail, Media and Entertainment, Travel, Automotive, Healthcare, IT and Telecom, Hotels and Resorts, Advertising and Event Management, Banking, Cab Aggregator, Financial Services and Insurance (BFSI), hospitality, insurance, educational institutions, religious groups, and Others)

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