Global Rich Communications Services Market is expected to reach USD 40.42 Billion by 2024 from USD 1.72 Billion in 2016 at a CAGR of 48.83%.
Global Rich Communications Services Market
Rich communication services is an IP multimedia subsystem-based platform that allows the distribution of communication services above traditional services like voice and messaging. It offers the mobile operators to improve their revenues or at least reserve their present revenues by offering consumers with services more than calling and messaging like live video, instantaneous messaging and others.

The driving factors for the growth of Global Rich Communications Services Market are the increasing mobile subscription, rising demand for mobile value-added services, growing investments in IMS and LTEs and huge impact of social networks. Other factors resulting in growth of this market are the operators reducing costs and increasing capacity by moving voice calls from 2G and 3G to LTE(4G). Additionally, LTE is more efficient at carrying calls and messages relative to traditional calls.

United States to hold major share in the North America market. Asia-Pacific market will see a rapid growth owing to increasing mobile subscriptions and more compatible devices. The Europe market will grow and expand steadily.

Key Highlights:

• Global Rich Communications Services Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Rich Communications Services Market.
• Global Rich Communications Services Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Rich Communications Services Market strategic analysis with respect to individual growth trends, future prospects along with contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Rich Communications Services Market analysis and forecast for global market.
•Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Rich Communications Services Market are also profiled.

Research Methodology

The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at a global market value for Global Rich Communications Services Market.
Key Players Global Rich Communications Services Market:

• AT&T
• Bell Mobility
• Interop Technologies
• Bharti Airtel
• Deutsche Telekom
• Reliance Jio
• KPN
• KT Corp.
• Vodafone Group Plc
• Verizon
• SK Telecom
• Rogers Communication
• Orange S.A.
• Orascom Telecom
• Telia Company
• SFR
• Telecom Italia
• Telefonica

Years considered to estimate the market size of the Rich Communications Services market have been mentioned below:
• Base year-2016
• Estimated year-2017
• Forecast year- 2017 to 2024
The scope of the Global Rich Communications Services Market:

This research report segments the Global Rich Communications Services Market based on Type, Technology, Solution, Application, End-User, and geography:
Global Rich Communications Services Market, By Type:

• On-Cloud
• On-Premise
Global Rich Communications Services Market, by Solution:

• VoIP
• Social Presence Information
• File Transfer/Content Sharing
• Web Conferencing
• SIP options/Presences Based Capability Exchange
• Others
Global Rich Communications Services Market, by Technology:

• Enhanced Rich Communication Suite(RCS-e)
• RCS
• RCS-like
Global Rich Communications Services Market, by Application:

• Cloud Storage
• Rich Calls & Messaging
• Mobile Commerce
• Value Added Services(VAS)
• VoLTE
• Others
Global Rich Communications Services Market, by User:

• Enterprise
• Individual
Global Rich Communications Services Market, by Geography:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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