Key Highlights
- Over 3.5 billion people worldwide use text messaging
- The average person sends and receives about 41 text messages per day
- In 2022, SMS marketing revenue in the US reached approximately $49 billion
- Around 98% of texts are opened within the first 3 minutes of receipt
- Text messaging has an open rate of 98% compared to email's average open rate of 20%
- 75% of consumers prefer to receive promotions via text message
- 77% of consumers want to receive discounts and promotions via SMS
- SMS marketing ROI is $43 for every dollar spent
- Nearly 60% of businesses worldwide plan to increase their SMS marketing budgets in 2023
- The global mobile marketing market, including SMS, is projected to reach $133 billion by 2024
- 85% of users would like to receive customer service via text message
- The use of SMS for two-factor authentication grew 75% from 2018 to 2020
- 90% of SMS messages are read within the first three minutes
In a world where over 3.5 billion people rely on text messages daily, SMS marketing has become a powerhouse, delivering astonishing open rates, skyrocketing revenues, and unprecedented consumer engagement that more businesses than ever are eager to harness.
Business Adoption and Strategies
- Nearly 60% of businesses worldwide plan to increase their SMS marketing budgets in 2023
- 80% of businesses plan to increase their use of SMS marketing in the next two years
- The average cost per SMS campaign varies between $0.01 and $0.05 per message, depending on provider and volume
Business Adoption and Strategies Interpretation
Consumer Preferences and Behavior
- The average person sends and receives about 41 text messages per day
- Around 98% of texts are opened within the first 3 minutes of receipt
- 75% of consumers prefer to receive promotions via text message
- 77% of consumers want to receive discounts and promotions via SMS
- 85% of users would like to receive customer service via text message
- 90% of SMS messages are read within the first three minutes
- 52% of consumers say that they have bought a product after receiving a text message from a brand
- 65% of consumers prefer SMS over voice calls for customer service interactions
- 77% of consumers opt-in to receive SMS messages from brands
- Text messages have a 97% customer satisfaction rate
- In 2023, over 75% of mobile users in the US received at least one promotional SMS message per week
- The opt-out rate for SMS marketing campaigns is approximately 1.5% per message sent
- 69% of consumers check their texts within 5 minutes of receiving
- Worldwide, 70% of mobile users prefer texting over calling for customer support
- 90% of U.S. consumers prefer to communicate with brands via text message
- More than 50% of consumers say they want to receive appointment reminders via SMS
- 44% of consumers have made a purchase after receiving a promotional text message
- 85% of consumers are more likely to make a purchase from a business that offers SMS as a communication channel
- The average length of an SMS message is 160 characters
- 69% of consumers have opted in to receive SMS alerts from their banks
- 50% of consumers say that receiving a text message from a brand influences their purchasing decision
- 41% of consumers say they prefer text messages for customer service over email or phone calls
- 42% of consumers say that they find SMS marketing more convenient than email
- 70% of consumers use SMS regularly to communicate with friends and family
Consumer Preferences and Behavior Interpretation
Market Penetration and Usage
- Over 3.5 billion people worldwide use text messaging
- In 2022, SMS marketing revenue in the US reached approximately $49 billion
- The global mobile marketing market, including SMS, is projected to reach $133 billion by 2024
- The use of SMS for two-factor authentication grew 75% from 2018 to 2020
- 86% of small businesses in the US use SMS marketing
- The global SMS marketing industry is expected to grow at a compound annual growth rate (CAGR) of 20% from 2023 to 2028
- Text messaging contributes to 75% of all mobile marketing revenues
- Approximately 14.9 billion SMS messages are sent each day globally
- The global mobile messaging market is projected to reach $225 billion by 2025
- Nearly 2 trillion SMS messages are sent annually worldwide
- 90% of businesses consider SMS marketing to be an essential part of their digital marketing strategy
Market Penetration and Usage Interpretation
Marketing Effectiveness and ROI
- Text messaging has an open rate of 98% compared to email's average open rate of 20%
- SMS marketing ROI is $43 for every dollar spent
- Personalization in SMS marketing increases conversion rates by 50%
- The average click-through rate for SMS campaigns is 8.17%, higher than email marketing’s average of 1.11%
- 62% of businesses say SMS has helped increase customer engagement
- 76% of companies believe SMS marketing delivers higher engagement than email
- The average redemption rate for SMS coupons is approximately 10%, higher than digital coupons overall
- 49% of marketers cite SMS as their most effective marketing channel for mobile engagement
- 60% of small businesses report that SMS marketing has helped them save time and improve communication
Marketing Effectiveness and ROI Interpretation
Sources & References
- Reference 1STATISTAResearch Publication(2024)Visit source
- Reference 2SMARTINSIGHTSResearch Publication(2024)Visit source
- Reference 3BUSINESSWIREResearch Publication(2024)Visit source
- Reference 4TREASUREDATAResearch Publication(2024)Visit source
- Reference 5MOBILEMARKETERResearch Publication(2024)Visit source
- Reference 6MESSAGEBIRDResearch Publication(2024)Visit source
- Reference 7MARKETSANDMARKETSResearch Publication(2024)Visit source
- Reference 8SYMANTECResearch Publication(2024)Visit source
- Reference 9SMALLBIZTRENDSResearch Publication(2024)Visit source
- Reference 10BUSINESSNEWSDAILYResearch Publication(2024)Visit source
- Reference 11BLOGResearch Publication(2024)Visit source
- Reference 12MARKETINGDIVEResearch Publication(2024)Visit source
- Reference 13RESEARCHANDMARKETSResearch Publication(2024)Visit source
- Reference 14SCHOLARWORKSResearch Publication(2024)Visit source
- Reference 15FISGLOBALResearch Publication(2024)Visit source
- Reference 16RESEARCHResearch Publication(2024)Visit source