About Business Cloud VoIP
Business cloud VoIP is a cloud-based voice over web protocol (VoIP) technology that delivers voice and transmission over web Protocol (IP) networks. Business cloud VoIP and UC are that the convergence of cloud hosting and VoIP technology that enables next-generation line options and integrated mobile access.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Business Cloud VoIP market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco (United States), Verizon Enterprise (United States), AT&T Inc. (United States), EarthLink, Inc. (United States), XO Communications, LLC (United States), Evolve IP, LLC (United States), Momentum Telecom (United States), West Unified Communications Services Inc. (India), New Horizon Communications (United States) and 8x8, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are BroadSoft (United States).
Segmentation Overview
AMA Research has segmented the market of Global Business Cloud VoIP market by , Application (BFSI, Information Technology, Government, Healthcare, Retail, Energy & Utilities, Manufacturing and Others) and Region.
On the basis of geography, the market of Business Cloud VoIP has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise Size, the sub-segment i.e. Small & Medium Enterprises will boost the Business Cloud VoIP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Software will boost the Business Cloud VoIP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by VoIP Type, the sub-segment i.e. Integrated Access will boost the Business Cloud VoIP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Convergence of Internet of Things & Unified Communications, Hybrid Approach to Hosted VoIP, and Delivery of Unified Communications as A Service (UCAAS)
Market Growth Drivers:
Rising Importance for the Collaborative Work Environment with Cloud-Based Communications Solutions
Challenges:
Complex Infrastructure and Application of Conventional Methods Hampers the Market Growth
Restraints:
Data Breaching and Malware Attacks on the Operating Servers
Opportunities:
Rise in the integration of Software Development in the Healthcare Industry
Market Leaders and their expansionary development strategies
In 2021, Cisco acquired IMImobile, a UK provider of cloud communications software. IMImobile’s solution with Webex Contact Centre, Cisco plans to create a unified customer experience-as-a-service offering for business customers.
In 2020, AT&T and Google Cloud Partnered to Enable Network Edge 5G Computing Solutions for Enterprises. This collaboration will deliver a portfolio of 5G edge computing solutions that bring together AT&T’s network, Google Cloud’s leading technologies.
Key Target Audience
Business Cloud VoIP Providers, Software Management Firms, Data Consultancy Firms, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.