Rich Communications Suite (RCS) Services Markets, 2025 - Global Market is Projected to Grow by $49.8 Billion, Driven by Compound Growth of 46.6%
DUBLIN, Nov. 12, 2019 /PRNewswire/ -- The "Rich Communications Suite (RCS) Services - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The Rich Communications Suite (RCS) Services market worldwide is projected to grow by US$49.8 Billion, driven by a compounded growth of 46.6%.
VoIP, one of the segments analyzed and sized in this study, displays the potential to grow at over 50.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$19 Billion by the year 2025, VoIP will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 51.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.3 Billion to the region's size and clout in the next 5 to 6 years. Over US$2.3 Billion worth of projected demad in the region will come from the rest of the European markets. In Japan, VoIP will reach a market size of US$1.2 Billion by the close of the analysis period.
As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 44.3% over the next couple of years and add approximately US$8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
Key Topics Covered:
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