Cloud Communication Platform Market Top Key Players, Industry Size, Share, Global Segments and Demand by Forecast to 2023

September 21 14:52 2019
Cloud Communication Platform Market Top Key Players, Industry Size, Share, Global Segments and Demand by Forecast to 2023

Cloud Communication Platform Market
Global Cloud Communication Platform Market, By Solution (Unified Communication & Collaboration and is expected to witness a CAGR of 24.8% during the forecast period (2018-2023) and reach a valuation of USD 5,706.8 Mn

Cloud Communication Platform Market Scenario:

Cloud communication services provide services such as infrastructure as a service (IaaS), software as a service (SaaS), platform as a service (PaaS) and network as a service (Naas). These services provide virtual infrastructure, in-house built applications, developer applications and network connectivity services. These services are available at cheaper rate and can lower the IT expenses. The service providers offer reliable and flexible backup and recovery solutions. They accommodate and store more data with unlimited storage capacity.

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, the education sector in rural areas is benefited by the cloud communication services by providing a web based cloud computing model which provides free education material to students such as video lectures, power point slides, e-books in order to hold the attention of the student. Teachers and students can store and manage their data through the dashboard provided by the cloud. Cloud storage can solve the problem of data management for many teachers and students. 

The Cloud Communication Platform Market is expected to grow at USD ~5.6 Billion by 2023, at 26% of CAGR between 2017 and 2023.

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Major Key Players:

  • 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.)

Regional Analysis:

The regional analysis of cloud communication platform market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America is estimated to acquire largest market share because of increase in demand of the users using this technology due to rapid deployment, flexible and low cost structures.

This technology reduces the burden on IT of building and managing infrastructure. Europe is expected to be the second largest region as industries are benefited with this cloud ecosystem which supports the development of technologies such as low-power chips for high performance computing. 

Segments:

Cloud Communication Platform Market is segmented on the basis of Solution, Service and Vertical.

Cloud Communication Platform Market by Solution:

  • Unified communication and collaboration (UCC)
  • Application programming interface (API)
  • Interactive voice response (IVR)
  • Web Real time communication (Web RTC)
  • Voice Over Internet Protocol
  • Reporting and Analytics

Cloud Communication Platform Market by Service:

  • Training & consulting
  • Support & maintenance
  • Managed services

Cloud Communication Platform Market by Vertical:

  • IT & Telecommunications
  • BFSI
  • Media & Entertainment
  • Healthcare
  • Transportation
  • Education
  • Others

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Intended Audience:

  • Cloud service providers
  • Project managers
  • Developers
  • Executives
  • Administrators
  • IT industry
  • Cloud computing agencies
  • Government organizations

Table of Contents

1              Market Introduction

1.1          Introduction              

1.2          Scope of Study

1.2.1      Research Objective

1.2.2      Assumptions

1.2.3      Limitations

1.3          Market Structure

Continued….

List of Tables

Table 1 Cloud Communication Platform Market, By Solution

Table 2 Cloud Communication Platform Market, By Service

Continued….

List of Figures

Figure 1 Research Type

Figure 2 Cloud Communication Platform Market: By Solution (%)

Continued….

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