Short Message Service Marketing Market: Global Industry Analysis and Forecast (2022-2029)

The Short Messaging Service Marketing Market size was valued at USD 10.5 Billion in 2022 and is expected to grow at a CAGR of 20.1% from 2023 to 2029, reaching nearly USD 34.9 Billion.

The Short Messaging Service Marketing Market is a rapidly growing industry that involves the use of short message service (SMS) as a marketing tool to promote products, services, and brands. Short Messaging Service Marketing enables businesses to send targeted messages to customers directly on their mobile phones, making it a highly effective and cost-efficient marketing method.

The Short Messaging Service Marketing Market is driven by the increasing use of mobile phones and the growing popularity of text messaging among consumers. Short Messaging Service Marketing offers several advantages over other marketing channels, such as email or social media, including higher open rates, faster response times, and lower costs. As a result, businesses across various industries, including retail, healthcare, hospitality, and finance, are adopting Short Messaging Service Marketing to reach their target audience and drive sales.

Several key players operate in the industry are constantly developing new and innovative solutions to meet the evolving needs of businesses and consumers. For instance, some market players have developed advanced Short Messaging Service marketing platforms that allow businesses to create and send personalised messages, automate campaigns, and analyse data to optimise their marketing strategies. Other market players are offering integrated solutions that combine Short Messaging Service marketing with other channels, such as email, social media, or mobile apps, to provide a seamless and consistent customer experience.

The Short Messaging Service Marketing Market is segmented by end-user industry, including retail, healthcare, hospitality, finance, and others. The market is also segmented by application, such as promotional campaigns, customer service, transactional messages, and others. Additionally, the market is segmented by region, including North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

The market is expected to continue to grow at a rapid pace in the coming years, driven by technological advancements, changing consumer behaviour, and the increasing demand for personalised and targeted marketing solutions.To know about the Research Methodology :- Request Free Sample Report
Short Messaging Service Marketing Market Dynamics:
Short Messaging Service marketing is a cost-effective way for businesses to reach their target audience, as it is relatively inexpensive compared to other forms of marketing.

Short Messaging Service Marketing market is a rapidly growing industry, driven by the increasing use of mobile devices and the widespread adoption of Short Messaging Service as a communication channel. Short Messaging Service marketing is cost-effective and has a high open rate, making it an attractive option for businesses of all sizes to reach their target audiences. Short Messaging Service marketing campaigns can be highly targeted, with messages customised based on the recipient's preferences, behaviours, and demographics.

The Short Messaging Service Marketing Market is highly competitive, with many players competing for market share. Market players are investing heavily in research and development to create new and innovative solutions that can help businesses to reach their target audiences more effectively. The increasing demand for personalised, relevant, and engaging content is driving the development of new tools and technologies, such as AI-powered chat-bots and automated Short Messaging Service campaigns.

The COVID-19 pandemic has had a significant impact on the Short Messaging Service Marketing Market, with many businesses shifting their marketing efforts to digital channels to reach customers who are spending more time online. The pandemic has accelerated the trend towards e-commerce and mobile commerce, driving the demand for Short Messaging Service marketing solutions that can help businesses to connect with their customers in a meaningful way.

The Short Messaging Service Marketing Market is expected to grow rapidly in the coming years, due to the increasing adoption of mobile devices and the growing need for businesses to connect with their target audiences in real-time.

Increased Mobile Device Usage to drive Short Message Service Marketing Market

The increasing use of mobile devices is a key driver of the Short Messaging Service Marketing Market. As more and more people rely on their smartphones and other mobile devices for communication, entertainment, and information, Short Messaging Service marketing provides an effective way for businesses to reach their target audience. Short Messaging Service marketing campaigns can be designed to be mobile-friendly, with short, concise messaging that is easy to read and respond to on a mobile device. This makes Short Messaging Service marketing an ideal channel for businesses looking to engage with mobile users and drive conversions.

Also the advancements in mobile technology and the increasing availability of mobile internet access have further fuelled the growth of the Short Messaging Service Marketing Market. As more people use their mobile devices to access the internet and consume digital content, Short Messaging Service marketing provides a unique opportunity for businesses to reach their target audience in a personalised and direct manner.

Increasing Emphasis on Personalization driving the consumption demand

Another key driver of the Short Messaging Service Marketing Market growth is the increasing emphasis on personalization in marketing campaigns. With the vast amount of data available on consumer behaviour and preferences, businesses are able to create highly targeted and personalised Short Messaging Service marketing campaigns that are more likely to resonate with their audience. By leveraging customer data and analytics, businesses can tailor their messaging to specific demographics, behaviours, and interests, creating a more engaging and effective Short Messaging Service marketing campaign.

The advancements in artificial intelligence and machine learning have also enabled businesses to automate the process of personalising Short Messaging Service marketing campaigns, making it easier and more cost-effective to reach a large audience with targeted messaging.
Short Messaging Service Marketing Market Segment Analysis:
Type: The Short Messaging Service Marketing Market is segmented by type into Application Generated, User Generated, and Others. Application-generated Short Messaging Service messages are sent by an application on behalf of the user, whereas user-generated Short Messaging Service messages are sent directly by the user. Other types of Short Messaging Service messages could include those generated by automated systems or third-party services.

Application Type: The Short Messaging Service Marketing Market is segmented into Authentication and Verification, Promotion and Marketing, Customer Relationship Management (CRM), Information Broadcasting, Health Notification, and Others based on the application type. Authentication and verification Short Messaging Service messages are used to confirm the identity of users, while promotion and marketing Short Messaging Service messages are sent to promote products or services. CRM Short Messaging Service messages are used for customer relationship management, while information broadcasting Short Messaging Service messages are used to disseminate information to a large audience. Health notification Short Messaging Service messages are used to provide health-related information, such as appointment reminders or prescription reminders.

Component: The software component includes the applications used to create and send Short Messaging Service messages, while services include the support and maintenance services required to manage and optimize Short Messaging Service marketing campaigns.

Enterprise Outlook: Based on the size of an enterprise, the Short Messaging Service Marketing Market are segmented into SMEs and large enterprises. Small and medium-sized enterprises (SMEs) typically have limited resources and require cost-effective solutions, while large enterprises have greater resources and require more robust and scalable solutions.

Deployment Type: SaaS, Cloud Based, and On-Premises are the segments of Short Messaging Service

Marketing Market. SaaS (Software-as-a-Service) is a model in which software is delivered over the internet, while cloud-based solutions are hosted on remote servers. On-premises solutions are installed on local servers and managed by the organization.

Marketing Campaigns: Occasions, Special Offers, Celebrations are some of the segments of Short Messaging Service Marketing Market based on marketing campaigns. Occasions include holidays and special events, while special offers may include discounts or promotional pricing. Celebrations may include birthdays or anniversaries, and others could include surveys or feedback requests.

Terminal Type: The segmentation by terminal type are mobile-based and desktop-based. Mobile-based solutions are optimized for smartphones and other mobile devices, while desktop-based solutions are designed for use on desktop computers.

Type of SMS: The Short Messaging Service Marketing Market is segmented by type of Short Messaging Service into Transactional SMS, Promotional SMS, Alert SMS, and Personalized SMS. Transactional Short Messaging Service messages are used for critical or time-sensitive information, while promotional Short Messaging Service messages are sent to promote products or services. Alert Short Messaging Service messages are used to notify users of important events or information, while personalized Short Messaging Service messages are tailored to individual users.

Pricing Type: The Short Messaging Service Marketing Market is segmented by pricing type into Monthly Subscription, Annual Subscription, and One-Time License. Monthly and annual subscription models are common for SaaS and cloud-based solutions, while one-time licenses may be used for on-premises solutions.

Range: The Short Messaging Service Marketing Market is segmented by range into National, Multi-National, and Worldwide. National solutions are designed for use within a single country, while multi-national and worldwide solutions are designed for use across multiple countries or regions.

End User: The Short Messaging Service Marketing Market is segmented by end user into Retail, Media and Entertainment, Travel, Automotive, Healthcare, IT and Telecom, Hotels and Resorts, Advertising and Event Management, Banking, Cab Aggregator, Financial Services and Insurance (BFSI), hospitality, insurance, educational institutions, religious groups, and Others. These segments represent the various industries that use Short Messaging Service marketing as a means of communicating with customers or stakeholders.
Short Messaging Service Marketing Market Regional Insight:
The Short Messaging Service marketing market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific region is expected to dominate the Short Messaging Service Marketing Market during the forecast period. The region is experiencing rapid growth in the use of mobile devices and social media, which is driving the adoption of Short Messaging Service marketing services. The region is home to several emerging economies such as China, India, and Southeast Asian countries, which have a large population and growing consumer markets. This presents significant opportunities for Short Messaging Service marketers to reach a wider audience and tap into the region's potential. Additionally, the increasing adoption of smartphones and mobile internet access in the region is expected to fuel the growth of Short Messaging Service marketing Market. The region's high mobile penetration rate and the increasing use of mobile devices for online shopping and payments are also expected to drive the demand for Short Messaging Service marketing industry.
Short Messaging Service Marketing Market Competitive Analysis:
The Short Messaging Service marketing market is highly competitive, with several players offering a range of services. Key players in the market include Twilio, MessageBird, SlickText, EZ Texting, TextMagic, Tatango, SimpleTexting, Mobivity, Trumpia, and ProTexting.
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Short Messaging Service Marketing Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
USD 10.5 Bn.


Forecast Period 2023 to 2029 CAGR:
20.1 %
Market Size in 2029:
USD 34.9 Bn.


 Segments Covered:
by Service Type
• Short Messaging Service gateway providers
• Short Messaging Service resellers
• Short Messaging Service marketers


by Application
• Advertising,
• Customer Service
• Promotions


by End User
• Retail
• Healthcare
• Banking and Financial Services
• IT and Telecom
• Advertising and Event Management


by Component Type
• Software
• Services


by Enterprise Size
• Small scaled
• Medium scaled
• Large scaled


by Deployment Type
• SaaS
• Cloud Based
• On-Premise


by Type of SMS
• Transactional
• Promotional
• Alert SMS
• Personalized SMS


by Price
• Annual
• Monthly
• One-Time


by Range
• National
• Multi-National
• Worldwide



Short Messaging Service Marketing Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Key Players in the Short Messaging Service Marketing Market:
• Twilio (USA)
• SlickText (USA)
• EZ Texting (USA)
• Tatango (USA)
• SimpleTexting (USA)
• TextMagic (UK)
• Sendinblue (France)
• Textlocal (UK)
• Textline (Sweden)
• MessageBird (Netherlands)
• Route Mobile (India)
• Netcore Solutions (India)
• SMSGlobal (Australia)
• Burst Short Messaging Service (Australia)
• MessageBird (Singapore)
• Clickatell (South Africa)
• Short Messaging Service Global Technologies (UAE)
• Short Messaging Service Horizons (Israel)
• Wisoft Solutions (Kuwait)
• Mobivate Limited (South Africa)
• Movile (Brazil)
• Infobip (Brazil)
• CallFire (Argentina)
• FowardMX (Chile)
• Sezion Technologies (Brazil)