The A2P SMS and CPaaS market in South America is expected to grow from US$ 4,003.58 million in 2022 to US$ 4,814.88 million by 2028. It is estimated to grow at a CAGR of 3.1% from 2022 to 2028.
Increased internet usage, increased reliance on cutting-edge APIs, increased adoption of rich communication services (RCS), and widespread use of OTT messaging platforms by businesses across the nation are all predicted to contribute to the growth of CPaaS. With more individuals utilizing smartphones, text messaging has become a very popular form of communication. It is possible to improve such an experience for its clients by implementing RCS solutions. The subscriber base grows as a result of new technological developments like long-term voice-over evolution. As a result, businesses are using RCS solutions for digital product marketing to reach a wide audience. The CaaS industry is expected to be driven, in addition to the advantages of individual messaging, by businesses using rich communication services for Application to Person (A2P) messaging. Companies are investing more money on SMS marketing to reach a big client base quickly. SMSs have the highest Click Through Rate (CT) of any marketing medium and a broad audience. The RCS corporate messaging platform is being created to take the role of the current A2P messaging systems, hence promoting the adoption of rich communication services in South America.
Increased internet usage, increased reliance on cutting-edge APIs, increased adoption of rich communication services (RCS), and widespread use of OTT messaging platforms by businesses across the nation are all predicted to contribute to the growth of CPaaS. With more individuals utilizing smartphones, text messaging has become a very popular form of communication. It is possible to improve such an experience for its clients by implementing RCS solutions. The subscriber base grows as a result of new technological developments like long-term voice-over evolution. As a result, businesses are using RCS solutions for digital product marketing to reach a wide audience. The CaaS industry is expected to be driven, in addition to the advantages of individual messaging, by businesses using rich communication services for Application to Person (A2P) messaging. Companies are investing more money on SMS marketing to reach a big client base quickly. SMSs have the highest Click Through Rate (CT) of any marketing medium and a broad audience. The RCS corporate messaging platform is being created to take the role of the current A2P messaging systems, hence promoting the adoption of rich communication services in South America.
Market Overview
Brazil, Chile, Argentina, Peru, and Colombia are among the key countries in South America. The A2P SMS and CPaaS market growth in South America is ascribed to more advanced multichannel marketing and customer experience management and the use of mobility and analytics for CPaaS. As a result of pandemic, increased IT spending boosted the investment in and demand for artificial intelligence and cloud based CPaaS solution or services to increase crisis communications. Due to lockdowns and social-distancing initiatives the companies adopted remote working solutions in the South America region.South America A2P SMS and CPaaS market Segmentation
The South America A2P SMS and CPaaS market is segmented into component, channel, enterprise size, industry, and country.- Based on component, the market is bifurcated into solution and services. The solution segment held a larger market share in 2022.
- Based on channel, the market is segmented into message, voice, email, webpush, and others. The message segment held the largest market share in 2022. The message segment is further bifurcated into chat apps and SMS.
- Based on enterprise size, the market is divided into SMEs and large enterprises. The large enterprises segment held a larger market share in 2022.
- Based on industry, the market is segmented into IT and telecom, BFSI, retail and ecommerce, healthcare, and others. The retail and ecommerce segment held the largest market share in 2022.
- Based on country, the market is segmented into Brazil, Argentina, and Rest of South America. Brazil dominated the market share in 2022. Vonage; 8X8, INC.; Avaya Inc.; IntelePeer Cloud Communications LLC.; MessageBird; Plivo Inc.; Cisco Systems, Inc.; TWILIO INC.; Voximplant; and Wazo Communication Inc. are the leading companies operating in the A2P SMS and CPaaS market in the region.
Table of Contents
1. Introduction
3. Research Methodology
4. SAM A2P SMS and CPaaS Market Landscape
5. SAM A2P SMS and CPaaS Market - Key Market Dynamics
6. A2P SMS and CPaaS Market - SAM Analysis
7. SAM A2P SMS and CPaaS Market Analysis - By Component
8. SAM A2P SMS and CPaaS Market - By Channel
9. SAM A2P SMS and CPaaS Market - By Enterprise Size
10. SAM A2P SMS and CPaaS Market - By Industry
11. SAM A2P SMS and CPaaS Market - By Country Analysis
12. A2P SMS and CPaaS Market-Industry Landscape
13. A2P SMS and CPaaS Market - Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
- Vonage
- 8X8, Inc.
- Avaya Inc.
- Intelepeer Cloud Communications Llc.
- Messagebird
- Plivo Inc.
- Cisco Systems, Inc.
- Twilio Inc.
- Voximplant
- Wazo Coummunication Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 152 |
| Published | November 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( $ | $ 4003.58 Million |
| Forecasted Market Value ( $ | $ 4814.88 Million |
| Compound Annual Growth Rate | 3.1% |
| No. of Companies Mentioned | 10 |
