Press release
Cloud Communication Platform Worth USD 5.6 Billion by 2023 at a CAGR of 26%
Cloud Communication Platform Market
Regional analysis for cloud communication platform market is studied in different geographic regions such as North- America, Europe, Asia-Pacific and Rest of the World. North America is expected to be leading player as a majority of IT decision makers have adopted this technology which benefits the financial sector with lower capital expenditures. Europe is estimated to acquire second largest market share due to the initiatives developed by the European commission to promote adoption of cloud communication services.
The Cloud Communication Platform Market is growing rapidly over 26% of CAGR and is expected to reach at USD ~5.6 Billion by the end of forecast period.
Cloud Communication Platform Market Segmentation
The Cloud Communication Platform Market has been segmented on the basis of solution, service and vertical. The vertical segment includes IT & telecommunication, BFSI, manufacturing, healthcare, transportation and education. By vertical segment, cloud communication provides better collaboration in healthcare industry. It allows the healthcare professionals to store and analyze the data remotely which gains access to patient data immediately and apply immediate treatment on emergency. It also offers remote patient monitoring when the doctor or nurse is not present near the patient.
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Market Research Analysis:
Cloud communication services offer numerous advantages to today’s businesses. These are beneficial for small and medium size companies as they adopt this emerging software easily without any requirement of purchasing it. The industry managers do not need to invest much in high performance computers as these services allow access to centralized applications which do not require to be installed locally. Since everything will be hosted in the cloud, a physical storage center is not needed.
Regional analysis for cloud communication market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of the World. The study reveals that North America would evolve as a leader in cloud communication platform market because of increase in demand of companies adopting mobile friendly cloud communication applications in order to manage the business data. Europe is expected to be the second largest region due to the adoption of cloud communication services such as infrastructure, platform and software as a service in e-Government which are adopted for national government use.
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Key Players:
The prominent players in the Cloud Communication Platform Market are:
• Cisco Systems Inc. (U.S.)
• West IP Communications Inc. (U.S.)
• Netfortis Inc. (U.S.)
• Telestax Inc. (U.S.)
• Avaya Inc. (U.S.)
• Nexmo Inc. (U.S.)
• Hookflash Solutions Inc. (Canada)
• Coms Care Ltd. (U.K.)
• 8X8 Inc. (U.S.)
• Plivo Inc. (U.S.)
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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