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Cloud Communication Platform Market to Gain Excellent Growth of USD 31.24 billion by 2029 By 2029 | Key Players Are IBM, Amazon Web Services, Cisco Systems, NTT DATA Corporation, DXC Technology Company

Cloud Communication Platform Market

Cloud Communication Platform Market

Market research analysis and data in this Cloud Communication Platform market report lends a hand to businesses for the planning of production, product launches, costing, inventory, purchasing and marketing strategies. Cloud Communication Platform market research report is object-oriented which is produced with the combination of a splendid industry experience, talent solutions, industry insight and most up to date tools and technology. The report aids in achieving an extreme sense of evolving industry movements before the competitors. In this Cloud Communication Platform report, company profiles of the key market competitors are analysed with respect to company snapshot, geographical presence, product portfolio, and recent developments.

The Cloud Communication Platform market report also aids in the measurement and optimization of each step in the lifecycle of industrial process including engagement, acquisition, retention, and monetization. This Cloud Communication Platform market study also evaluates the market status, market share, growth rate, sales volume, future trends, market drivers, market restraints, revenue generation, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This market report potentially endows you with the numerous insights and business solutions that will assist you stay ahead of the competition. Cloud Communication Platform market report includes all the studies

Data Bridge Market Research analyses that the cloud communication platform market was valued at USD 4.53 billion in 2021 and is expected to reach the value of USD 31.24 billion by 2029, at a CAGR of 27.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Cloud communication is a data and voice transmission device that is Internet-based and encourages people to use any device, not just an on-site computer. The cloud connectivity framework provides developers with the personalised application software interface to determine how their product communicates with video, SMS, speech and authentication functionality.

How Data Bridge Market Research Assists in Making Strategic Moves For Cloud Communication Platform Market Players?

The data provided in the Cloud Communication Platform market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Recent Development

In August 2021, 8x8, Inc. will sign a strategic distribution agreement with SYNNEX Corporation, a leading provider of distribution, systems design, and integration services to the technology industry. 8x8 will provide 8x8 XCaaS (eXperience Communications as a Service) to SYNNEX's partner community of traditional value-added resellers (VARs), managed service providers (MSPs), and system integrators under the terms of the agreement.
In June 2021, Avaya and RingCentral Inc. launched a slew of new capabilities for the Avaya Cloud Office by RingCentral Unified Communications as a Service (UCaaS) solution including many Avaya device-specific enhancements that enable easy migration, additional video, and other expansion features.

Major Companies Operating at both regional and global levels:

Amazon Web Services, Inc. (U.S.)
Cisco Systems Inc., (U.S.)
NTT DATA Corporation (Japan)
DXC Technology Company (U.S.)
VMware, Inc. (U.S.)
RACKSPACE TECHNOLOGY (U.S.)
Informatica (U.S.)
IBM Corporation (U.S.)
Microsoft (U.S.)
Siemens (Germany)
ANSYS, Inc. (U.S.)
SAP SE (Germany)
Robert Bosch GmbH (Germany)
NetApp (U.S.)
Atos SE (U.S.)
Fujitsu (Japan)
CenturyLink (U.S)
Hewlett Packard Enterprise Development LP (U.S.)
Dell Inc., (U.S.)
Oracle (U.S.)
Google LLC (U.S.)
Atos SE (France)
KELLTON TECH (India)

Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market's growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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Industry Drivers:

Growing trend of BYOD is capitalising market growth

The rise in demand for BYOD (bring your own device) systems in the corporate sector, where employees are told to bring their own device to work rather than rely on the company's hardware, is expected to drive market growth over the forecast period. Bring your own device policies also provide a strong central communication technology, allowing for convenient and easy communication between various parts of the organisation. Another factor that is expected to aid market growth is the growing acceptance of cloud services by major organisations, owing to their ability to provide employees with real-time monitoring and resource efficiency features.

A shift towards remote working facilities is providing growth opportunities

Growing demand for remote working facilities in the corporate field, increasing use of cloud communication for its superior features over conventional alternatives, growing adoption of connected devices, rising penetration of IoT, increasing adoption of cloud-based services, increased mobility, and increased workforce productivity and savings are all factors contributing to the cloud communication platform market growth. Furthermore, rising demand for cloud communication platform software, mobile cloud communication platforms, cloud communication software, and web-based communication platforms is driving market expansion. Processes were traditionally carried out manually, which took a long time and money and was prone to errors due to the manual labour involved. With the advent of cloud communication platform solutions, businesses can now automate processes, resulting in increased efficiency.

Market Segmentation of Cloud Communication Platform Market:

Solution  

Unified Communication and Collaboration (UCC/UCaaS)
Web Real-Time Communication (WebRTC)
Interactive Voice Response (IVR)
Voice Over Internet Protocol (VoIP)
Application Programming Interface (API)
Reporting and Analytics

Services

Training and Consulting
Support and Maintenance
Managed Service

Deployment type

Private cloud services
Hybrid cloud services
Hybrid cloud services

Organization size

Small and medium sized enterprises
Large Enterprises

Vertical

Banking Financial Services and Insurance (BFSI)
Healthcare
Government
IT Enabled Services and Telecommunication
Retail and Ecommerce
Manufacturing
Travel and Hospitality
Education

Global Cloud Communication Platform Market: Regional Analysis

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [North Africa, South Africa, Rest of Middle East and Africa]

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