The Global Cloud Communication Platform Market, in terms of revenue, was valued at US$ 1691.5 Mn in 2020 and is expected to reach US$ 5775.0 Mn by 2030. Some of the primary players of Global Cloud Communication Platform Market are 8×8, Inc., Avaya, Inc., Cisco System, Inc. (Cisco), Twilio, Inc., Netfortris, Inc. (Netfortris), West Corporation, Telestax, Inc., Plivo, Inc., Callfire and Nexmo, Inc. among others.

Cloud communication platform is a platform that offers IT services and products to the clients on request. This system gives all information and voice communication services through a third-party, outside the business and is accessed over the public internet infrastructure. Low costs, minimum professional necessities, and flexible applications of cloud communication makes it easy for the investors to adopt this technology, which is one of major factor responsible for its growth and development.

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Cloud Communication Platform Market, by Organization Size

Cloud communication platform is used to overcome the cost and inflexible nature of traditional communication systems. This platform integrates emerging technologies into a single application, in this manner reducing the interruption of integrating various services provided by multiple vendors. The platforms could provide the secured service providers, for instance, net banking and online networking with two-way verification for using its services. The evolvement of web real-time communication is likely to boost the growth of the market. Technological advancements in cloud technology are also expected to drive the growth of the market. Also, the growth of bring your own devices (BYOD) policy in the workplace increases the load on the communication network in the office, thus installation of cloud communication platform can solve the network congestion issue.

Cloud communication platforms require high initial investment cost, thus limiting the progress of the market. Most of the platform providers depend on third party for cloud services. This dependency further impacts the growth of the market as cloud service providers have a control on the cloud.

Cloud Communication Platform Market, by Solution

Unified communication and collaboration allow a user to send a message on one platform and receive the same communication on another platform. This system is used for day-to-day communications. It gives the capacity to communicate effectively through an extensive variety of integrated components so as to facilitate all types of communication. It enables various modes of communication to be integrated. The UCaaS segment by solutions is anticipated to be the most lucrative segment with respect to growth rate as well as market value during the forecast period.

Cloud Communication Platform Market, by Region

On the basis of geographical segmentation, North America is expected to hold the largest market share, as the demand for this technology is rising due to rapid deployment, flexible, and low-cost structure. The market in the APAC region is in the growth stage and is anticipated to be the fastest developing region in the market. The main factor of the high advancement rate in this region is the rising demand for converged communications and product segregation among the service providers.

Cloud Communication Platform Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.

The Global Cloud Communication Platform Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.

Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.

Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.

Cloud Communication Platform Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)

This research provides detailed information on the major factors influencing the Cloud Communication Platform market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.

The Cloud Communication Platform market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Cloud Communication Platform market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.

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