This development might not be very pleasing to the SMS / mobile text messaging players, however the 'change is already starting to take place' as more and more users move to OOT ( over the top messaging instead of sending a sms or texting .
As a result of the increased penetration of smartphones and OS application
ecosystems in developed markets, "over-the-top" (OTT) mobile messaging
applications now constitute a significant threat to telecommunications
carriers' SMS-messaging revenues. Some mature markets, such as South Korea and
the Netherlands, have already “tipped” – that is, OTT messaging has
reached such a high level that it is causing a material threat to SMS volumes
and revenues.Compared to text messages, messaging apps are getting more traction. There are many reasons for the same. Messaging apps provide a free alternative to text messages. Most apps work on Wi-Fi. Sending a message through an app doesn’t cost anything extra. It is all covered in the data plan.
The top four messaging apps led by WhatsApp, Facebook messenger, Qmobile and Wechat presently make up 2.125 billion users, which is approximately is equal to the total combined users of world's top four social networks
The below research data was published by McKinsey & Company which conducted global countrywide assessment on the relative risk of mobile messaging markets “tipping” due to OTT messaging and how traditional messaging is set to get distruptive due to the increase proliferation of OTT . It compares and combines lessons from South Korea and the Netherlands with a diverse set of data on the state of mobile messaging across each nation.
The below research data was published by McKinsey & Company which conducted global countrywide assessment on the relative risk of mobile messaging markets “tipping” due to OTT messaging and how traditional messaging is set to get distruptive due to the increase proliferation of OTT . It compares and combines lessons from South Korea and the Netherlands with a diverse set of data on the state of mobile messaging across each nation.
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