Cloud Communication Platform Market Research to Hike Chart and Reach $5.6 Bn Valuation by 2023

The position of one of the most advanced ways for cloud computing has been held by cloud communication technologies over the past few years. Current connected mobile workforce is capable of working from any location which has resulted in essentiality of secure communications. Embedding voice, video and messaging directly into software applications, cloud communication platform developers offer organisations with greater scalability, flexibility & business agility, reducing costs in the long term.

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Soaring demand for Customer-Centric Solutions to Propel the Growth of Global Cloud Communication Platforms Market

As per a study by Research Report Insights (RRI), cloud communication platforms have rendered easier communication primarily by mobile, social and online systems. In addition, cloud communication platforms provide enterprises to scale, build and deploy their communication systems by using solutions such as VoIP (Voice over Internet Protocol), IVR (Interactive Voice Response), WebRTC (Web Real-Time Communication), and UCC/UCaaS (Unified Communication and Collaboration).

According to the insightful market survey on cloud communication platforms on a global basis, the global cloud communication platform market is anticipated to expand at a higher pace to register a stellar 21.7% CAGR throughout the period of forecast. During the 2017-2027 timeline, the global market for cloud communication platforms is estimated to reach a market evaluation of US$ 12 Bn by the end of 2027 from a value of US$ 1.4 Bn in 2017

Widespread adoption of the trend- “bring your own device”, by several industries’ evolving work culture have fuelled the demand for the cloud communication platforms. Some prominent driver of the global cloud communication platforms market include benefits offered against over cost & rigid nature of traditional communication systems, and soaring demand for solutions that are customer-centric. However, factors such as depending on third party for cloud security & services, high initial investments, and privacy problems associated with cloud are expected to restrain the market growth.

Continuant Extends its Partnership with Tata Communications to Enhance Digital Cloud Communication Platforms

Various strategic partnerships and acquisitions have taken place in the global cloud communication platforms market. Continuant, provider of global managed services, recently announced extending its strategic partnership with Tata Communications, leading global communication & managed services provider, for the provision of dedicated hosted Cisco collaboration solutions to all enterprise customers across the globe. This partnership is expected to enhance digital cloud communication platforms. The result is one-stop-shop solution for industries pursuing completely managed and scalable cloud solutions.

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Communication Platform as a Service

Communication Platform as a Service (CPaaS), a cloud–based platform, enables developers in adding real-time communication features, such as messaging, video and voice, in their applications eliminating the need for building backend infrastructure & interfaces. A CPaaS provides complete development framework in building real-time communication features. This includes standards-based APIs (application programming interfaces), pre-built applications, software tools, and sample code. CPaaS provides also offer support & product documentation, helping developers in the development process. Few players also provide SDKs (software development kits) and libraries for constructing applications on several mobile and desktop platforms. Increasing adoption of CPaaS is expected to fuel the growth of global cloud communication platforms market in the near future.

Benefits Provided by CPaaS Include

• Easy development and embedding of communication features by using cloud technology
• Saving on infrastructure, human resources and time to market
• Affordable pricing models- ability to only pay for services that is needed by developers
• Provision of multi-tenancy or ability of utilisation of service by multiple customers at the same time
• Allowing developers to concentrate on constructing their applications in spite of underlying IT infrastructures

Partnership between Konftel and Huawei to Provide Conference Solutions

Konftel and Huawei recently entered into a partnership with an aim of providing conference solutions. Huawei Cloud UC solution’s certification of Konftel 300IP conference phone is the first visible result of this partnership. The strategy of Konftel in this partnership is optimisation and certification of their products for leading communication platforms. Designed for open world of IP communications, Konftel 300IP is based on SIP. Creating a firm sense of virtual presence, with the help of OmniSound audio technology, Konftel 300IP is equipped with smart features enabling efficient remote meeting, eliminating hassles. The versatility of Konftel 300Ip renders it to be compatible with the market’s leading communication platforms. This ensures complete access of all the market’s customers & users to this experience.

The global cloud communication platform market has profiled key players such as Cisco System Inc., IBM Corporation, Microsoft Corporation, Huawei Technologies Co. Ltd., Avaya Inc., Ozonetel Systems Pvt. Ltd., Bharti Airtel Ltd., Vodafone Group PLC., Mitel Networks Corporation, Dialogic Inc., Netfortris Inc., Knowlarity Communications Pvt Ltd., Exotel Techom Pvt. Ltd., VoiceTree Technologies Pvt., Ltd., and Gintel AS.

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The increase in growth is mainly associated with the adoption of advanced cloud technology services that allow thousands of customers to access similar resources helping companies to cut down their expenses.

Based on statistics, the penetration of advanced cloud based platforms that helps to develop new technology is also a significant factor stimulating market demand.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1564Table of Contents-Chapter 1.

Market estimates and forecast, 2016 – 2026 (USD Million)         5.2.2.

Market estimates and forecast, By Region, 2016 – 2026 (USD Million)Continued…The research study comprises of vital information focusing on major market trends and estimated revenue growth rate.

Additionally, the report highlights the market competition including the portfolios and strategic alliances and endeavors of the key competitors.

The report also offers key insights about top companies in the market along with their company overview, business expansion plans, financial standing, production and manufacturing capacity, and global position.Key companies operating in the market include: The Key players in the Marketing Cloud Platform Market include Cision, Global, IBM, Hubspot, Hatchbuck, Agilone, Infusionsoft, Maropost, Mediamath, Nielsen, Optimove, Oracle, Pegasystems, Sailthru, Salesforce, SAP, SAS, Selligent, Sitecore, Adobe, Digital, Emarsys, Episerver, and Fico.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1564The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size.

The innovative use of interactive networking technology and many new developments in brand implementation has been seen by technical advancement companies such as Apple, Google, and Microsoft.

The increasing adoption of two-way, internet-based, and telephone-based virtual communication platforms has compelled not only technology companies, but also numerous other businesses in the education, health, and government sectors to respond to advanced developments in virtual communication that are expected to shape the telecommunications sector’s future.The applications for virtual communications and the impacts of COVID-19 on this vertical can be studied using Global Market Database.

Global Market Database provides free market database for roughly 600+ markets.

Although face-to-face contact is one of the commonly used types of communication, it may be too hard to find a common time for stakeholders to meet, and organizing a meeting in a major company with remote branches will require each person to spend time and money on transport.

As COVID-19 began to spread worldwide in February 2020, several businesses have triggered their workers’ no-travel and work-from-home policies.

In the midst of the crises for businesses to conduct regular meetings and communicate with consumers, clients, and staff, virtual communication platforms that provide video and audio-conferencing solutions have been proven beneficial.

Recently published a report entitled Cloud Communication Platform Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.

Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The study offers a decisive view of the global cloud communication platform market by segmenting it in terms of solution, service, organization size, and vertical.

The report analyzes these subsets with respect to the regional segmentation.

This research study will prepare marketers for the evolving needs of their customers.Request a FREE Sample Copy of Cloud Communication Platform Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/cloud-communication-platform-market/download-sampleBy SolutionUnified Communication and Collaboration (UCC/UCaaS)Web Real-Time Communication (WebRTC)Interactive Voice Response (IVR)Voice Over Internet Protocol (VoIP)Application Programming Interface (API)Reporting and AnalyticsBy ServiceTraining and ConsultingSupport and MaintenanceManaged Service By Organization SizeSmall- and Medium-Sized EnterprisesLarge EnterprisesBy VerticalBanking, Financial Services, and InsuranceHealthcareTelecommunication and ITesGovernmentRetailTravel and HospitalityEducationManufacturingOthersThis research report also includes profiles of major companies operating in the global market.

Some of the prominent players operating in the global cloud communication platform market are 8x8, Inc., Avaya, Inc., Callfire, Cisco System, Inc., Netfortris, Inc., Nexmo, Inc., Plivo, Inc., Telestax, Inc., Twilio, Inc., and West IP Communications, Inc., and Others.

This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.This section covers the cloud communication platform market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.