Global Premium A2P and P2A Messaging Market to Reach $92.4

New York, July 07, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Premium A2P and P2A Messaging Industry” – https://www.reportlinker.com/p06032646/?utm_source=GNW
5 Billion in the year 2020, is projected to reach a revised size of US$92.4 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. CRM, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$30.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Inquiry & Search Related segment is readjusted to a revised 5.2% CAGR for the next 7-year period.
– The U.S. Market is Estimated at $17.6 Billion, While China is Forecast to Grow at 8.4% CAGR
– The Premium A2P and P2A Messaging market in the U.S. is estimated at US$17.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.9 Billion by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
– Notifications & Alerts Segment to Record 4.9% CAGR
– In the global Notifications & Alerts segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated…