Global Cloud Communication Platform Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Cloud Communication Platform Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Cloud Communication Platform Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Cloud Communication Platform Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
The cloud communications are Internet-based totally voice and data communication where telecommunications packages, switching and storage are hosted by a third-party through the cloud. Cloud services is the most important aspect of cloud communication, and these services act as a major data center for enterprises. Cloud communication platforms combine the benefit of the cloud with easy integration supplied through APIs.
Due to the increasing use of APIs in UCaaS and cost effectiveness of cloud communication platform solutions the market is also increasing. There is growing demand for BYOD (Bring Your Own Device) and customer-centric solutions and services which leads the market to grow. Due to IT industries there is enormous growth of BPO sector and its inclination towards cloud-based solutions which is the opportunity for the market. The market has to face several different challenges such as to develop the required skill set among the workforce. The market has several restraining elements which includes the huge investment associated with initial setup and security & privacy concerns which may hamper the growth of the market.
What will be the market size in 2025 and at what rate it will grow? Who are the major key players in global Cloud Communication Platform market and what are their strategies? Which vertical industry is expected to show major growth? What segment and region will lead the market and why?
The major companies profiled in the report include: 8x8 Inc., Avaya Inc., Cisco Systems Inc., Twilio, NetFortris, Nexmo, West IP Communication, Telestax, Plivo, and CallFire.
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