Global Premium A2P and P2A Messaging Market to Reach $91.4 Billion by 2030
The global market for Premium A2P and P2A Messaging estimated at US$68.4 Billion in the year 2023, is expected to reach US$91.4 Billion by 2030, growing at a CAGR of 4.2% over the period 2023-2030. Multi-Country Messaging, one of the segments analyzed in the report, is expected to record 5% CAGR and reach US$63.3 Billion by the end of the analysis period. Growth in the National Messaging segment is estimated at 2.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $18.1 Billion, While China is Forecast to Grow at 6.8% CAGR
The Premium A2P and P2A Messaging market in the U.S. is estimated at US$18.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.9 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.
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