Cloud Communication Platform Market Report, New Business Opportunities, Growth Rate, Development Trend and Feasibility Studies up to 2025

The Cloud Communication Platform Market was valued at USD 1.45 billion in 2016 and is projected to reach USD 9.87 billion by 2025, growing at a CAGR of 27.1% from 2017 to 2025. This report includes the Cloud Communication Platform Market Forecast to 2025, competition landscape and growth opportunity. This research report categorizes the Cloud Communication Platform Market by companies, region, type and end-use industry.

Cloud communications is a data and voice communication system that is internet based. The primary advantages of cloud communication are that it allows the users to work from any device, not necessarily one that is on the premises. Cloud managed services are easily accessible, cost-effective and highly reliable. The cloud management allows for storage and syncing that can be accessed over the internet publicly. The technology provided can be used for a variety of processes such as call centers, e-commerce, advertising, payment, and processing.

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This report covers growth factors and Analysis for organizations to have flexible, simple and low-cost operations as well as an online communication sector. These factors along with the BPO sector’s growth and its inclination towards cloud computing. On the other hand, concerns for privacy data and the relationship between customers and technology restrain the company’s market growth.

Competitive Landscape:

The major players in the market are as follows:

• IBM Corporation
• Avaya Inc.
• Twilio Inc.
• West IP Communication Inc.
• Plivo Inc.
• Nexmo Inc.
• 8X8 Inc.
• Cisco Systems
• Netfortris Inc.
• Telestax Inc.
• Callfire

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Market Segmentation covered under the Cloud Communication Platform Market are as below:

Market Segmentation by Organization Size

• Large Companies
• Mid-sized Companies
• Small Companies

Market Segmentation by Type

• Solution

1. Audio Conferencing
2. Video Conferencing
3. Web-Based Real-Time Communication
4. Voice Over Internet Protocol over Cloud

• Service

1. Managed Service
2. Professional Service

Market Segmentation by Vertical

• Transportation and Logistics
• BFSI
• Education
• Consumer Goods and Retail
• Manufacturing
• Healthcare and Life Sciences
• Travel and Hospitality
• Telecommunication and IT
• Government and Public Sector

Market Segmentation by Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

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