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The report expects a small decline in P2P SMS revenues in some developed regions and countries, though total global SMS revenues will increase at 3% the next five years.
Meanwhile, Western Europe will lead SMS revenues with $174.1 billion, followed by developing APAC regions with $173.8 billion. It's an impressive sum, as smartphone OEMs have begun to adopt the trend of preloading their devices with mobile messaging apps such as BBM, Samsung ChatOn, iMessage and WhatsApp.