The Rich Communication Services Market Share is expanding as telecom operators, brands, and end-users embrace next-generation messaging experiences. Estimated at USD 7.986 Billion in 2024, the Rich Communication Services Market is forecasted to reach USD 28.22 Billion by 2035, with a CAGR of 12.16%.
This market share growth is driven by the integration of cloud-based messaging, AI, and 5G networks. RCS has enabled telecom operators to reclaim market presence lost to OTT platforms like WhatsApp and Telegram. With RCS, users experience enhanced messaging, file sharing, location tracking, and interactive content directly within native messaging apps.
Major technology players such as Google and Samsung have partnered with carriers to expand RCS deployment globally. Enterprises in banking, retail, and e-commerce sectors are adopting RCS Business Messaging (RBM) to enhance consumer communication.
As adoption rates soar, the market share distribution across regions highlights APAC as the fastest-growing segment, driven by digital ecosystem modernization.
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