Cloud Communication Platform Market will grow at a CAGR of +28% during the forecast period 2018-2025

Houston, TX -- (SBWire) -- 02/08/2018 --Cloud communication platform are very efficient for advanced unified communication functionalities such as video calling, instant messaging & voice over Internet protocol (VoIP), information technology services and products on demand. They provide complete data and voice communication services via a third-party and are accessed over the public internet infrastructure. Low setup costs, on-demand scalability, frequent upgrades, and easy access can be expected with their use. This software as a service has enabled businesses to become additionally agile, flexible, scalable, and efficient. The shift of enterprise software to the cloud has enhanced over the past couple of years. The remarkable development of the BPO sector and its inclination towards cloud-based solutions has increased the market opportunities for cloud communication platform solution and service vendors. The global market is anticipated to reflect a higher absolute dollar opportunity during the assessment period. Organizations are deploying these solutions to overcome the loopholes of traditional communication systems.

Top Key Players:
8x8, Inc., Avaya, Inc., Cisco System, Inc. (Cisco), Twilio, Inc., Netfortris, Inc. (Netfortris), West Corporation, Telestax, Inc., Plivo, Inc., Callfire and Nexmo, Inc.

Cloud Communication Platform Market will grow at a CAGR of +28% during the forecast period 2018-2025

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It explains a detailed outline of the Cloud Communication Platform Market depending on the important parameters. End users, products, regions, and many other segments are studied and explained. A brief idea of the driving forces which help make the market more flourishing is discussed in order to help the client understand the future market position. Estimated revenue growth in terms of volume with respect to the market for the upcoming years has been mentioned in depth.

Based on Solution, the Unified Communication and Collaboration segment (UCC/UCaaS) is estimated to be the largest segment throughout the study period. UCaaS refers to a specific architecture, typically founded upon a virtualized suite of UCC applications hosted in a data center leveraging a shared hardware infrastructure, yet offering dedicated software instances to individual customer organizations. UCC is a range of integrated communication tools, like IM, video conferencing and document sharing that can help businesses make better, smarter decisions, quickly. It can help improve efficiency, flexibility, mobility and increase profitability. Unified communications offers the capability to considerably improve individuals, groups and company's interaction and performance. It is considered as a strategic opportunity by many large businesses.

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On the basis of organization size-wise segmentation, the large enterprises segment accounted as the largest and fastest growing segment during the research period. The growth is attributed to progressive implementation of cloud technologies to reduce high maintenance costs associated with legacy technology setups of enterprises. In the vertical segmentation, the retail segment accounted for major share in 2016 and this is expected to increase during the forecast period due to potential advantages offered by the sector. Retailers are moving their communications to an integrated, cloud-based platform and can see the numerous benefits such as improved customer experience etc.

Among regions, North America is anticipated to hold the major market share and will be the major revenue contributor during the forecast period. Meanwhile, the Middle East and Africa (MEA), Latin America (LA), and Asia-Pacific (APAC) are expected to experience increased market traction with high CAGRs, in the due course. The key reason for the high growth rate is the increasing demand for converged communications and product differentiation among service providers. Technological advancements, coupled with a more conservative IT investment culture, have given rise to new technology delivery and consumption models, including hosted IP telephony and UCaaS.

In the last sections of the report, the manufacturers responsible for increasing the sales in the Cloud Communication Platform Market have been presented. These manufacturers have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the technology and product type introduced by each of these manufacturers also form a key part of this section of the report.

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Table of Content:
Global Cloud Communication Platform Market Research Report 2018-2023
Chapter 1 Cloud Communication Platform Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region (2018-2023)
Chapter 5 Supply (Production), Consumption, Export, Import by Regions (2018-2023)
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast (2018-2023)
Chapter 13 Appendix