A2P RCS Revenue in Asia to reach $2.2 billion by 2029: Infobip

A new whitepaper commissioned by global communications platform Infobipshows Application-to-Person (A2P) Rich Communication Services (RCS) growth in Asia and Oceania region will generate $2.2 billion in revenue by 2029, with India leading the charge as the most promising market. Undertaken by tech analyst Omdia, RCS traffic will quadruple over the next five years globally.

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The RCS Application to Person (A2P) and Person to Person (P2P) traffic will increase from 1.5 trillion messages this year to more than 6 trillion messages in 2029. As a result, A2P RCS will generate revenues of $4.2 billion by 2029.

RCS is the next iteration of SMS, enabling consumers and businesses to send and infobip | OMDIA receive rich messages via a data connection or Wi-Fi using the standard SMS inbox.

Following Apple's adoption of the telco messaging service in its latest iOS 18 update, Omdia expects RCS to have a cross-platform reach of an estimated 2.5 billion monthly active users by end-2024.

The research shows that the Americas and Asia & Oceania will be the primary drivers of A2P RCS traffic and revenue over the coming years: In Asia & Oceania, India's large Android user base, which stands at a staggering 90% in 2024, makes it the region's focal point for future growth in messaging services. As per the findings, of the $2.2 billion in revenue and the 64 billion messages generated by A2P RCS in Asia and Oceania in 2029, $544m (25%) and 21 billion messages (33%), respectively, will come from India alone. By 2029, India will have an installed base of 254 million A2P RCS users.

Ivan Ostojic, Chief Business Officer at Infobip, said: "RCS has many benefits, and with the Apple upgrade, it now has universal availability.