The Global A2P SMS API Market Size collected USD 81.0 Billion in 2022 and is set to achieve a market size of USD 121.3 Billion in 2032 growing at a CAGR of 4.7% from 2023 to 2032.
Presently, all the major industries that include retail, tourism, healthcare, banking, financial services & insurance (BFSI), entertainment, and media are approaching the humongous base of mobile phone users via A2P SMSs, to maintain their customer relationships. In the coming years, more than 50% of the world’s population is anticipated to have at least one mobile subscription, which is estimated to cross the milestone of 3600 million distinct mobile subscribers and it is analyzed to grow further in the coming years.
A2P SMS API Market Report Statistics
Global Application-to-Person (A2P) SMS API Market Dynamics
A2P SMS API Market Report Coverage
|Market||A2P SMS API Market|
|A2P SMS API Market Size 2022||USD 81.0 Billion|
|A2P SMS API Market Forecast 2032||USD 121.3 Billion|
|A2P SMS API Market CAGR During 2023 - 2032||4.7%|
|A2P SMS API Market Analysis Period||2020 - 2032|
|A2P SMS API Market Base Year||2022|
|A2P SMS API Market Forecast Data||2023 - 2032|
|Segments Covered||By Technology, By Application, By End-User, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Syniverse Technologies, LLC, OpenMarket, Inc., FortyTwo Telecom AB, Twilio Inc., Beepsend AB, Tyntec Ltd, Ogangi Corporation, Silverstreet BV, Infobip Ltd., and CLX Communications.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
A2P SMS API Market Growth Factors
Since past few years, the vulnerability of the communication lines of MNO’s (Mobile Network Operators) has grown to a level where threat of security breaching has increased due to lack of efficient security. Also, it is noticed that most MNOs worldwide are still utilizing obsolete versions of firewalls, which in turn are adversely affecting the business and fail to provide needed visibility to inspect and eliminate the grey routes and other security threats. Globally, grey routes account for nearly two-third of the total A2P traffic worldwide, whereas only one-third of the A2P traffic is governed by MNOs. Thus, security risk and illegitimate traffic impose a significant threat upon the overall profitability of A2P SMS and API market in near future. Nonetheless, the increasing adoption of two-factor authentication is anticipated to drive the market in coming years owing to the highly secured environment offered by two-factor authentication. Also, two-factor authentication is preferred over standard OTT messaging application, inclusive of Hike, WhatsApp and messenger.
The escalating usage of card payment and online payment portals have terminated the conventional security protocol, leading to the rising demand for two-step verification. Today, majority of consumers using online card payment portals have smart phones that permits the users for an authentication process based on his/her online credentials along with the user’s mobile number. Furthermore, exhaustive, all day usage of smart phones by almost every modern consumer has subsequently led to the notable prospects for mobile marketing. As other media channels have reached their saturation in terms of knowledge sharing, personalized A2P sms have evolved as the precise mode of marketing endeavors.
Application-to-Person SMS API Systems Market Segmentation
The worldwide A2P SMS API market is categorized based on technology, application, end-user, and geography.
A2P SMS API Market By Technology
According to the A2P SMS API industry analysis, the cloud API sub-segment grew significantly in 2021 and is expected to grow further in the coming years. The increasing adoption of cloud computing services in a variety of end-use industries, rising demand for technically sophisticated services among migrating industries, and the need for high operational efficiency and DevOps automation to shorten the time-to-market of a product launch are just a few of the major factors expected to drive Cloud API market growth. The proliferation of cloud computing services, as industries migrate to new technologies and adapt to technological changes, is expected to be a significant factor driving growth in the global cloud API market. Furthermore, increased operational efficiency, as well as the use of DevOps automation to reduce time to market, is driving global cloud API market growth.
A2P SMS API Market By Application
Customer relationship management services sub-segment generated significant market share in previous years, according to application segment. CRM service providers are constantly targeting this segment to increase their market share as demand for CRM is expected to rise among small and medium-sized businesses. CRM service providers provide organizations with customized solutions to help them increase their market presence. CRM services help to improve A2P SMS API service centre performance through constant monitoring, resulting in increased customer satisfaction.
A2P SMS API Market By End-User
The bulk SMS providers end-user segment is expected to dominate the A2P SMS API market from 2023 to 2032, according to the A2P SMS API market forecast. The growing adoption of artificial intelligence for bulk SMS services is driving the growth of the bulk SMS marketing services market. With the implementation of artificial intelligence, customer communication is becoming smarter. AI chatbots interact directly with customers and can serve multiple customers at the same time. Furthermore, chatbots can send personalized messages to multiple customers at the same time, increasing customer engagement.
A2P SMS API Market Regional Outlook
The Middle East & Africa
A2P SMS API Market Regional Analysis
Globally, the market is fragmented into 5 major regions that include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. Among these regions, Asia Pacific is the leading market owing to the rising urbanization followed by North America, which is the second fastest-growing economy. Other regions such as Latin America and the Middle East are also anticipated to grow in the coming years. However, the market will be attaining a pace over its growth during the forecast period. THE A2P API market is highly competitive.
A2P SMS API Market Players
Some of the leading A2P SMS API companies comprise service providers, operations, network providers, etc. Syniverse Technologies, LLC, OpenMarket, Inc., FortyTwo Telecom AB, Twilio Inc., Beepsend AB, Tyntec Ltd, Ogangi Corporation, Silverstreet BV, Infobip Ltd., and CLX Communications are among the other companies.
The market size of A2P SMS API was USD 81.0 Billion in 2022.
The CAGR of A2P SMS API market is 4.7% during the analysis period of 2023 to 2032.
The key players operating in the global market are Syniverse Technologies, LLC, OpenMarket, Inc., FortyTwo Telecom AB, Twilio Inc., Beepsend AB, FortyTwo Telecom AB, Tyntec Ltd, Ogangi Corporation, Silverstreet BV, Infobip Ltd., and CLX Communications.
Asia-Pacific held the dominating position in A2P SMS API market during the analysis period of 2023 to 2032.
North America region exhibited fastest growing CAGR for A2P SMS API market during the analysis period of 2023 to 2032.
The current trends and dynamics in the A2P SMS API industry include increasing adoption of mobile devices, growing demand for mobile marketing, and rise of e-commerce.
The cloud API technology held the maximum share of the A2P SMS API market.