For many people the SMS service died a speedy death after the invention of mobile IM applications, but is the service actually dead?

According to a recent report more than 2 Trillion (2 000 000 000 000) SMS’s will be sent globally this year with an estimated $65-75 billion in revenue foreseen from this market.

Although numbers are extremely high, revenue is seen dropping because of market saturation and healthy competition between network providers. The Asia-Pacific region currently accounts for most of the new traffic.

Its going to be interesting watching this space in the next few years.

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