Industry Background:
Cloud telephony services, is also known as hosted telephony services, which provides data-center-hosted services that are run and accessed over the internet. Cloud telephony is a voice and messaging service that eliminate the need for the conventional business telephone system like PBX (private branch exchange), EPBAX, among others and offers improved scalability to companies as they enable them to add more channels over their existing trunks. These services are accessible via two networks PSTN (Public Switched Telephone Network) and IP (Internet Protocol). All the applications and services of cloud telephony are hosted on servers and can be accessed from the cloud. Increasing the use of cloud-based services than software-based services are fueling the market for cloud telephony services.This growth is primarily driven by Increasing Demand for Customer-Centric Solutions and Services, Increasing Use of Mobile Phones Through VOIP and Cost Effectiveness of Cloud telephony Platform Solutions than software solutions.
Globally, a noticeable market trend is evident Increasing Adoption for SaaS Tool Mostly in IT Industries
. Major Players, such as 8x8, Inc. (United States), AVOXI (United States), BroadSoft (United States), Cisco (United States), DIALPAD (United States), Exotel (India), Go 2 Market (India), Knowlarity (Singapore), Megapath (United States) and Microsoft (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.
Market Drivers
- Increasing Demand for Customer-Centric Solutions and Services
- Increasing Use of Mobile Phones Through VOIP
- Cost Effectiveness of Cloud telephony Platform Solutions than software solutions
Market Trend
- Increasing Adoption for SaaS Tool Mostly in IT Industries
- Acceptance of BYOD (Bring Your Own Device) in Work Fields
Restraints
- Huge Investment Associated With Initial Setup of Cloud Telephony Services
- High Risk for Security and Privacy Concerns
Opportunities
Tremendous Growth of Bpo Sector and Its Inclination Towards Cloud-Based Solutions and The High Adoption Rate of Cloud Technology Services in Small and Medium Enterprises
Challenges
Issues Related to Technology to Keep Pace With Changing Customer Behaviors and Lack of Required Skill Set Among the Workforce
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 Telephony Service Study Sheds Light on
The Cloud Telephony Service Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cloud Telephony Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cloud Telephony Service 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.