Industry Background:
Cloud communication platforms integrate voice and calling features into applications with the help of a set of communication APIs in place of building telephony infrastructure. The cloud communication platform is highly adopted by small businesses to resolve the communication challenges faced in the business world. The platform hosted in the cloud and integrates into a various range of communications including mobile phones and others. The UCaaS solutions provide an interface between multiple platforms including CRM, ERP, and virtualization solutions. The cloud communication platforms benefit by providing lowered TCO, simplified IT management, disaster recovery, and others. This platform required less investment and helps to reduce PBX maintenance staff.This growth is primarily driven by Increase Demand for Online Backup and Database, Growing Demand for Cloud Unified Communications and Growing Demand for Networks of High-Speed Data in China and India.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Avaya (United States), IPCortex (England), 2600hz, Inc. (United States), Twilio (United States), Cisco (United States), Nexmo (United States), Mitel Telepo (Canada), Centile (France), Xelion (United Kingdom) and Plivo (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Advancement in Technologies and Business Models
. Major Players, such as Avaya (United States), IPCortex (England), 2600hz, Inc. (United States), Twilio (United States), Cisco (United States), Nexmo (United States), Mitel Telepo (Canada), Centile (France), Xelion (United Kingdom) and Plivo (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2019, Appian announced the partnership with Twilio to consolidate Twilio’s communication platform into Appian Intelligent Contact Center Solution. The solution empowers agents to deliver differentiated customer experiences with unified customer views, powerful case management, and automation capabilities.
In Apr 2019, AREA member Vuzix announced the partnership with SightCell to leverage their property by global cloud communication platform. Additionally, in Oct 2018, Route mobile limited announced a collaboration with Oracle Marketing Cloud to empower its organizations towards customer experience management and business transformation initiatives.
Market Drivers
- Increase Demand for Online Backup and Database
- Growing Demand for Cloud Unified Communications
- Growing Demand for Networks of High-Speed Data in China and India
Market Trend
- Advancement in Technologies and Business Models
- Increased Competitiveness for Pricing
- High Adoption of Cloud Communication Platform from Small and Medium Size Organizations
- Costs Optimizations and Improve Business Continuity
Restraints
- Rising Security and Privacy Concern
- Require High Initial Cost
Opportunities
Growing Demand from Real Estate, Legal, Consulting, and IT Firms, Retail Sector, and Public Sector and High Growth in BPO Sector
Challenges
Lack of High Skilled Resources
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cloud Communication Platforms Study Sheds Light on
The Cloud Communication Platforms Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cloud Communication Platforms industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Communication Platforms industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.