Asia Pacific Cloud Communication Platform Market Size, Share, Demand, Analysis and Forecast To 2028: Cisco Systems, Inc., Intrado Corporation, NetFortis, Plivo Inc

Asia Pacific Cloud Communication Platform Market is expected to grow from US$ 1,102.60 Million in 2021 to US$ 6,394.55 million by the year 2028. This represents a CAGR of 28.5% from the year 2021 to 2028.

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The cloud communication platform market in APAC is segmented into China, India, Japan, South Korea, Australia, and the Rest of APAC. The increasing number of internet users is one of the factors driving the market growth. China had the highest number of internet users, i.e., 850 million, followed by India with 560 million internet users, and Japan with 118.63 million internet users in the second quarter of 2021. Further, in 2020, South Korea had around 47 million internet users. This figure is projected to grow to ~48.13 million internet users by 2026. Similarly, there were 22.31 million internet users in January 2021 in Australia. Australia’s number of internet users increased by 265 thousand (+1.2%) from 2019 to 2021.

The growing urbanization, industrialization, and the presence of huge number of large and small & medium enterprises in APAC makes it a promising market for the growth of the cloud communication platform market. Moreover, APAC is a global industrial hub with the presence of key industries such as IT & telecom, BFSI, healthcare, consumer electronics, semiconductor, and automotive in countries such as China, India, Japan, and South Korea. For instance, China is the global manufacturing hub for various industries and fortune 500 companies. The lockdown of various plants and factories in China had restricted the global supply chains and negatively impacted manufacturing activities, delivery schedules, and various products and services sales. In addition, the uncertainty regarding the future outbreak especially in Asian countries such as India, where the graph is going upwards, may affect the growth of various industries especially IT & telecom, which is prominent in these countries. To mitigate the negative impact and continue operations, companies need to invest in remote working solutions and home office adoption policies. The huge presence of companies in this region is anticipated to provide huge growth opportunities for players operating in the cloud communication platform market in the coming quarters.

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Some of the companies competing in the Asia Pacific Cloud Communication Platform Market are: 8x8, Inc, Avaya Inc., Cisco Systems, Inc., Intrado Corporation, NetFortis, Plivo Inc., Telestax, Inc., Twilio Inc, Vonage Holdings Corp.

Market Overview and Dynamics:
The business process outsourcing (BPO) sector is known to be fastest-growing stream of the Information Technology Enabled Services (ITES) industry. The growth of this sector is mainly attributed to economies of scale, business risk mitigation, cost advantage, utilization enhancement, and superior competency. The outsourced services are better delivered with the use of cloud. Adopting cloud communication platforms assist saves costs for BPOs, while enhancing the quality and timeliness of the data. The increasing need for higher flexibility/scalability among business organizations has raised the adoption rate of cloud communication platform solutions and services, which acts as a huge opportunity for the platform vendors. There are several APAC players of BPO sector which will directly offer new opportunities for the market.

APAC Cloud Communication Platform Market - By Enterprise Size:
1. SMEs
2. Large Enterprises

APAC Cloud Communication Platform Market - By Industry:
1. BFSI
2. IT & Telecom
3. Healthcare
4. Retail
5. Government
6. Education
7. Others

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Reasons for buy this Report
• To understand the APAC Cloud Communication Platform market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC Cloud Communication Platform market
• Efficiently plan M&A and partnership deals APAC Cloud Communication Platform market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC Cloud Communication Platform market
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

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