Bulk SMS marketing services are widely used for direct marketing through the transmission of commercial messages to mobile phones. They allow businesses to effectively reach out to their target audience and potential customers. These services help deliver promotional offers, transactional updates, appointment reminders, delivery notifications and other timely notifications to consumers.
The global Bulk SMS Marketing Services Market is estimated to be valued at US$ 4.95 Bn in 2023 and is expected to exhibit a CAGR of 23% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased usage of bulk messaging for marketing purposes has accelerated the growth of this market substantially. Bulk SMS is a cost-effective medium to reach mass audiences instantly. Marketers have realized its potential to capture attention and drive consumers to desired call-to-action like website visits, app installations, etc. Advanced features like timed/scheduled messaging, analytics and multi-channel messaging make bulk SMS a powerful tool. Services now offer advanced capabilities like pre-built templates, A/B testing, personalization and two-way interactivity to enhance consumer engagement further.
Segment Analysis
Bulk SMS services can be segmented based on messaging platforms - cloud API messaging, traditional messaging and managed messaging. Among these, cloud API messaging dominates the segment as it allows for easy integration into various business applications, lower operational costs and scalability.
Key Takeaways
The Global Bulk Sms Marketing Services Market Size is expected to witness high growth. The global Bulk SMS Marketing Services Market is estimated to be valued at US$ 4.95 Bn in 2023 and is expected to exhibit a CAGR of 23% over the forecast period 2023 to 2030.
Regional analysis related content comprises The Asia Pacific region is fasted growing region for bulk SMS marketing services market. Countries like India, China and other southeast Asian countries have high smartphone and internet penetration which has boosted the adoption of bulk SMS services for marketing.
Key players related content comprises Key players operating in the Bulk SMS Marketing Services are Arkema S.A., Covestro AG, DuPont, Inc., EOS GmbH, Evonik Industries AG, INTAMSYS, Prototal Industries, Stratasys Ltd., BASF SE, Saudi Basic Industries Corporation (SABIC), Huntsman International LLC., NatureWorks LLC.
Get More Insights Here
https://filmik.in/molecular-cytogenetics-the-future-of-genomic-research/
https://www.newswirestats.com/bulk-sms-marketing-services-market-size-share-growth-outlook-2023/
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