OpenMarket's Survey Reveals Texting is the #1 Preferred Channel for Two-Way Business-to-Millennial Communications
Social Media Channels Are Not a Preferred Channel; Postal Mail Has a Higher Preference than Twitter and Facebook
SEATTLE, Sept. 15, 2016 /PRNewswire/ -- OpenMarket, a leader in enterprise mobile engagement, today announced the results of its newest survey and infographic. The company polled 500 US millennials, ages 18-34, on their use of SMS communications with businesses, with a focus on two-way texting capabilities. The findings revealed that SMS, or text messaging, is the obvious choice for customer engagement, with texting cited as the most preferred communication channel for receiving notifications from businesses. While 72 percent of millennials note they text 10 or more times a day and 31 percent cite they text more than 50 times a day, the leading factor in millennials' preferences for texting is its ability for two-way communication with businesses, an aspect which provides convenience, speed, and ease of use.
As a follow-up to OpenMarket's first millennial survey earlier this year, this new research aimed to understand not only what communication method millennials prefer—SMS—but also why and how they're utilizing the channel with businesses. The results revealed that the mobile-friendly age group is highly accessible to businesses through SMS, with over 83 percent of millennials polled citing they open a text within 90 seconds of receiving it. In addition, 60 percent of millennials want to be able to text their preferred businesses, but currently they're only receiving five or fewer messages a week from companies, with 20 percent noting they don't receive any texts from business at all.
The survey also reveals key customer engagement opportunities for companies to leverage with SMS. Nearly 50 percent of millennials polled said they would like to receive fraud alerts from their financial service providers (only 19 percent currently are). When it comes to real-time communication, 80 percent of millennials would prefer to text a company's 1-800 customer service line versus dialing direct and waiting on hold.
"The goal of this survey was to dive deeper into the mobile-millennial mindset and learn not only why this age group prefers text messaging as their main communication tool for business interactions, but at what level they are looking to engage," said Jay Emmet, general manager for OpenMarket. "These results show that the capabilities of SMS are very prevalent with millennials, who desire more opportunities to communicate through texting, including more personal two-way interactions. Businesses need to further harness the ubiquity of SMS to realize better overall engagement and customer loyalty with the millennial generation."
Other key findings from OpenMarket's survey include:
- Texting is the #1 preferred channel of notifications from businesses, with email coming in a close second, and voice a distant third. Social media channels aren't a significant factor for business-to-millennial communications as of yet. In fact, postal mail has a higher preference than Twitter and Facebook.
- Millennials prefer to receive texts from businesses for appointment reminders (62 percent), delivery notifications (59 percent) and payment reminders (48 percent).
- Currently, less than half of millennials actually receive appointment and payment reminders from business—signaling an engagement opportunity for companies.
- Millennials desire a combination of both one-word responses (yes, no, help, info, etc.) and natural language feedback capabilities when it comes to the level of two-way communication with businesses.
To view the OpenMarket infographic highlighting the survey's key findings, visit: http://www.openmarket.com/wp-content/uploads/2016/09/Millennials-Text-with-Businesses-Infographic.pdf
OpenMarket's cloud-based mobile messaging solutions support over 400 enterprises globally, including four of the top 10 most respected global brands[1]. Its Mobile Engagement Platform allows global enterprises to easily create and deploy smart, interactive mobile engagement services globally with connectivity to over 200 countries. Enterprises can access the platform via a web-based GUI or directly via service APIs. The platform supports features such as personalization, scheduling, logic and decisioning, list management, user segmentation, and reporting. By using OpenMarket's platform, enterprises are able to mobilize operational processes, optimize internal and external communications, improve customer experiences, drive brand awareness, and generate new revenue.
About OpenMarket
OpenMarket, a division of Amdocs, helps enterprises use mobile to transform their business. OpenMarket provides mobile engagement solutions for organizations to optimize their operations and enhance relationships with their customers and employees. Major enterprises choose OpenMarket for our domain expertise, service flexibility, demonstrated performance and reliability, global scale, and corporate maturity. We provide smart, interactive connectivity to more than 200 countries, enabling businesses to engage with nearly every mobile user around the world. Our clients trust us to power their mobile business. For more information, visit www.openmarket.com.
About Amdocs
Amdocs is the market leader in customer experience software solutions and services for the world's largest communications, entertainment and media service providers. Its portfolio powers The New World of Customer Experience™, where a wide array of innovative and personalized services is delivered seamlessly to end users, regardless of device or network. For more than 30 years, Amdocs solutions, which include BSS, OSS, network control and optimization, coupled with professional and managed services, have accelerated business value for its customers by streamlining complex operating environments, reducing costs and speeding time to market for new products and services. Amdocs and its more than 24,000 employees serve customers in over 90 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.6 billion in fiscal 2015.
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For more information, visit Amdocs at www.amdocs.com.
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2015 filed on December 10, 2015 and our quarterly 6-K form furnished on February 16, 2016, May 17, 2016 and August 8, 2016.
[1] "The Harris Poll 2014 RQ Report: A Survey of the U.S. General Public Using the Reputation Quotient," Nielsen, April 2014.
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