Press release
Cloud Communication Platform Market Dynamics, COVID-19 Pandemic Impact, Competitive Landscape, Opportunities and Forecast to 2023
Cloud Communication Platform Market
The Cloud Communication Platform Market, according to MRFR's report, is all set to grow with a 26% CAGR during the forecast period (2018-2023) and reach a stellar valuation of USD 5.6 billion by 2023.
While the percolation of information technology infrastructure is becoming widespread, the demand for cloud communication platform is cementing its foothold. Additionally, digitalization integration provides momentum for the business of the cloud communication platform. Among the factors, with unparalleled speed, cost-effectiveness, the potential to promote online communication, and versatility will impact market growth of the cloud communication platform. In addition, the increasing phenomenon of bring-your-own-device (BYOD), combined with the focus on offering flexible job choices, is a favourable reflection on the market.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2811
Cloud networking systems are also experiencing rapid growth in comparison with traditional alternatives due to their superior offerings. Despite this, due to its weakness against the hackers, the cloud communication platform market may experience some setbacks. If infringed, it can disclose personal user information that can leash the market for cloud communication platforms.
Market Segmentation
The global cloud communication platform market has been segmented by component, organization size, and vertical.
The component segment comprises solutions and services, wherein based on the solution, the cloud communication platform market can be categorized into application programming interface (API), unified communication and collaboration (UCC), real-time web communication (Web RTC), interactive voice response (IVR), voice over internet protocol, and reporting &analytics. Service-wise, the cloud communication platform market has been divided into training & consulting support & maintenance, and managed services. The component segment is poised to acquire a CAGR of 24.1% over the review period.
On the basis of the size of the organization, the market has been bifurcated into large enterprises and SMEs, wherein the large enterprises' segment is likely to observe a CAGR of 23.9% over the review period.
The Vertical segmentation of the cloud communication platform market comprises IT & telecommunications, media & entertainment, healthcare, education, transportation, banking, financial services and insurance (BFSI), and others. The BFSI segment is projected to capture a CAGR of 24.1% CAGR over the review period.
Regional Outlook
Based region-specific study of the demand for cloud communication platforms leads to Asia Pacific ( APAC), North America, Europe and Rest of the World (RoW).
North America is the global market's leading power and is going to retain its position over the projected period. The area has become very accustomed to the structure needed for such technology. The technical advantage and deft management of the associated industries give an unparalleled lead to the regional market over the rest.
Europe takes second place. The Area shares common characteristics with North America. This stellar growth is attributed to the significant contribution in the research & development sector, which is creating wonders for market growth. The technology, which can act as a catalyst during the forecast era, also takes a lot of support from the BFSI sector.
The APAC region is experiencing first-rate growth, mainly due to the emergence of emerging economies such as China and India. Japan's economy also receives a lot of business support because its technical supremacy is an advantage to the business. In addition, the growing number of SMEs in the area leads to increased demand for cloud communication and BYOD, thus contributing to market growth over the review period.
Competitive Dashboard
Eminent players impacting the cloud communication platform market are 8X8 Inc. (U.S.), West IP Communications Inc. (U.S.), Coms Care Ltd. (U.K.), Cisco Systems Inc. (U.S.), Hookflash Solutions Inc. (Canada), Telestax Inc. (U.S.), Plivo Inc. (U.S.), Avaya Inc. (U.S.), Nexmo Inc. (U.S.), Netfortis Inc. (U.S.), and others. Merger, acquisition, partnership, product creation, and other strategies are some strategic developments that enable companies to improve their plans and remain on the competitive market.
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/cloud-communication-platform-market-2811
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cloud Communication Platform Market Dynamics, COVID-19 Pandemic Impact, Competitive Landscape, Opportunities and Forecast to 2023 here
News-ID: 2230266 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Cloud
Customized Cloud Service Market Analysis by Company - Google Cloud Platform, Rut …
DeepResearchReports has uploaded a latest report on Customized Cloud Service Industry from its research database. Customized Cloud Service Market is segmented by Regions/Countries. All the key market aspects that influence the Customized Cloud Service Market currently and will have an impact on it have been assessed and propounded in the Customized Cloud Service Market research status and development trends reviewed in the new report.
The new tactics of Customized…
Public Cloud Market (Cloud Billing, Cloud Access Security, Cloud Communication P …
Overview
The report on the global Public Cloud market is a product of extensive research conducted by a team of industry professionals. The report discusses briefly various products or services in the market and their applications. The report provides information on the latest technologies that are used in production, manufacturing, etc in order to improve efficiency and effectiveness. The report segments the market into various categories, in order to simplify the…
Cloud Service Consultants, Cloud Consulting Service, Enterprise Cloud Management …
Overview
Ken Research is dedicated towards unraveling multipart encounters within each stage of Data Center Lifespan such as Volume Planning, Scalability Issues, Uptime, Performance Conservation and Cost. Whether you are considering improving, forming, buying, leasing or revolutionizing your prevalent data center, Ken Research can maintenance you on every aspect by smoothing you partner with Vendors who have enormous understanding in the comparable Service Offering.
However, the data centers are an influential component…
Cloud Computing for Business Operations Market 2019 By Amazon Web Services, Micr …
Cloud computing is a internet-based computing where central remote servers maintain all the data and applications. Cloud computing allow business operators to rent physical infrastructure from a third party provider(cloud service provider).
Cloud Computing for Business Operations Market reports also offer important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as…
Global Cloud Computing for Business Operations Market, Top key players are Amazo …
Global Cloud Computing for Business Operations Market Size, Status and Forecast 2019-2025
Cloud computing is a internet-based computing where central remote servers maintain all the data and applications. Cloud computing allow business operators to rent physical infrastructure from a third party provider (cloud service provider).
In 2018, the global Cloud Computing for Business Operations market size was xx million US$ and it is expected to reach xx million US$ by the…
Top 10 Cloud Technology Market (Hybrid Cloud, Cloud Storage, Cloud Migration, Cl …
“Top 10 Cloud Technology Market (Hybrid Cloud, Cloud Storage, Cloud Migration, Cloud Orchestration, Integration Platform As-A-Service, Disaster Recovery As-A-Service, Multi Cloud Management, Video-As-A Service, Cloud Analytics, and Wi-Fi-As-A-Service)”, Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
“Rising demand for business agility and the need for lower CAPEX and OPEX driving the growth of the cloud migration services market”
The migration to cloud enables the organizations and businesses to move their computing assets…
