Global A2P Messaging Market Size, Share, Growth Analysis, By Component Type(Platform, Service), By Deployment Mode(On-premise, Cloud), By Application(Pushed Content Services, Interactive Services), By End-user(BFSI (Banking, Financial Services) - Industry Forecast 2024-2031

A2P Messaging Market size was valued at USD 59.22 billion in 2021 and is poised to grow from USD 66.71 billion in 2022 to USD 129.01 billion by 2030, at a CAGR of 8.59% during the forecast period (2023-2030).

The Global A2P Messaging market has been witnessing significant growth over the last few years. The increasing acceptance of A2P messaging across numerous sectors such as BFSI, healthcare, retail, and e-commerce, among others, is positively contributing to the industry's growth for A2P messaging. A2P messaging allows for consumer communication, the delivery of time-sensitive warnings, and the authentication of active users and methods.

Factors such as increased end-user attention on A2P messaging, increasing penetration of mobile ads, and expanding smartphone adoption across all countries are likely to fuel the industry's growth. The increased use of internet services, as well as the integration of OTT messaging platforms such as Facebook Messenger and WhatsApp, which are effective for consumer engagement and acquisition, are driving market expansion. A2P messaging improves client relationships and provides greater connectivity and sales growth. Short Message Service (SMS) stands out as a highly potent strategy aiding enterprises in achieving their marketing objectives. The evidence underscores that SMS yields notably superior returns on investment compared to alternative mediums. This robust, streamlined, and budget-friendly instrument possesses the capacity to connect with a larger audience and secure a heightened rate of response compared to alternative communication avenues.

US A2P Messaging Market is poised to grow at a sustainable CAGR for the next forecast year.