Rich Communication Services (RCS) Market Growth Revenue 2022, Size, Share, Demand and Forecast to 2027
The latest research study “ Rich Communication Services (RCS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that t he global rich communication services market size reached a value of US$ 1,210.90 Million in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 5,528.60 Million by 2027 exhibiting a CAGR of 27.70% during 2022-2027 . Rich communication services (RCS) refer to a carrier-implemented mobile communication alternative to short message services (SMS) as well as multimedia messaging services (MMS). It allows users to create group chats, support end-to-end encryption, and send attachments such as video files and images. In recent years, RCS has gained traction due to its numerous benefits, such as better streaming of audio and video, higher-targeted communication to reach consumers, one-app functionality, security, better streaming of audio an...