Cloud Communication Platforms Market: Cloud Communication Platform to Witness Exponential Growth during the 2017 to 2027 Timeline
According to Future Market Insights, the global cloud communication platform market is anticipated to witness an exponential rise in revenue from the base period 2019 supported by a stellar growth rate throughout the 2017 to 2027 assessment period.
The cloud communication platform market is projected to witness significant growth during the forecast period, due to different features such as unlimited customer access, better customer service, wider personalization, and increased production rate. The value of the global cloud communication platforms market is anticipated to witness a CAGR of 15.7% during the forecast period of 2017 to 2027.
The UCaaS segment by solution type is anticipated to reflect a high value by the end of 2027 showing a vast difference in values of other segments by solution type combined together on a comparative basis. In the base year 2017, this segment was estimated at USD 700 Million and is anticipated to reach a valuation of about USD 7.3 Billion by 2027.
This high increase is due to increased adoption of this solution type. The UCaaS solution segment is projected to grow at the highest rate to register a CAGR of 26.3% throughout the period of forecast 2017 to 2027. The UCaaS segment is likely to dominate the global market in terms of growth rate as well as market valuation during the forecast period and can be inferred to reflect a high potential in the coming years.
By solutions, the video conferencing and IVR segments are likely to show similar growth rates. These segments are expected to portray stellar growth in the years to follow. The main difference between these segments is the frequency of use which impacts the cloud communication platform market valuation by the end of the forecast period. Throughout the period of assessment, the IVR segment is projected to grow at a high CAGR of 19.0% and the video conferencing segment is anticipated to grow at a CAGR of 19.6%.
However, the IVR segment is expected to show high market valuation of about USD 1.5 Billion by 2027 end and the video conferencing segment is estimated to show a valuation of about USD 1.3 Billion by the end of 2027.
The global cloud communication platform market is soaring across important regions especially North America, Western Europe and Asia Pacific excluding Japan (APEJ). In North America the UCaaS segment by solutions leads the market following by IVR segment. IVR segment is anticipated to grow at a higher rate than the video conferencing segment in this region. In Western Europe, the WebRTC and VoIP segments is gaining slow acceptance.
Video conferencing segment in this region holds high potential after UCaaS segment as it reflect a high growth rate than IVR with less difference in market valuation. Video conferencing segment is poised to register a CAGR of 23.4% throughout the period of forecast 2017 to 2027.
UCaaS segment portrays the highest growth rate in Asia Pacific excluding Japan (APEJ) as compared to other regions by registering a stunning 33.1% CAGR in the 2017 to 2027 timeline. In APEJ also the video conferencing segment has a bright future in the coming years.
The global cloud communication platform market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Table 01: Global Cloud Communication Platforms Market Size (US$ Mn) Analysis by Solutions, 2015-2030
Table 02: Global Cloud Communication Platforms Market Value (US$ Mn) Analysis by Services, 2015-2030
Table 03: Global Cloud Communication Platforms Market Value (US$ Mn) Analysis by Enterprise Size, 2015-2030
Table 04: Global Cloud Communication Platforms Market Value (US$ Mn) Analysis by Verticals, 2015-2030
Table 05: Global Cloud Communication Platforms Market Value (US$ Mn) Analysis by Region, 2015-2030
Table 06: North America Cloud Communication Platforms Market Size (US$ Mn) Analysis by Solutions, 2015-2030
Table 07: North America Cloud Communication Platforms Market Value (US$ Mn) Analysis by Services, 2015-2030
Table 08: North America Cloud Communication Platforms Market Value (US$ Mn) Analysis by Enterprise Size, 2015-2030
Table 09: North America Cloud Communication Platforms Market Value (US$ Mn) Analysis by Verticals, 2015-2030
Table 10: North America Cloud Communication Platforms Market Value (US$ Mn) Analysis by Country, 2015-2030
Table 11: Latin America Cloud Communication Platforms Market Size (US$ Mn) Analysis by Solutions, 2015-2030
Table 12: Latin America Cloud Communication Platforms Market Value (US$ Mn) Analysis by Services, 2015-2030
Table 13: Latin America Cloud Communication Platforms Market Value (US$ Mn) Analysis by Enterprise Size, 2015-2030
Table 14: Latin America Cloud Communication Platforms Market Value (US$ Mn) Analysis by Enterprise Size, 2015-2030
Table 15: Latin America Cloud Communication Platforms Market Value (US$ Mn) Analysis by Country, 2015-2030
Table 16: Europe Cloud Communication Platforms Market Size (US$ Mn) Analysis by Solutions, 2015-2030
Table 17: Europe Cloud Communication Platforms Market Value (US$ Mn) Analysis by Services, 2015-2030
Table 18: Europe Cloud Communication Platforms Market Value (US$ Mn) Analysis by Enterprise Size, 2015-2030
Table 19: Europe Cloud Communication Platforms Market Value (US$ Mn) Analysis by Verticals, 2015-2030
Table 20: Europe Cloud Communication Platforms Market Value (US$ Mn) Analysis by Country, 2015-2030
Table 21: East Asia Cloud Communication Platforms Market Size (US$ Mn) Analysis by Solutions, 2015-2030
Table 22: East Asia Cloud Communication Platforms Market Value (US$ Mn) Analysis by Services, 2015-2030
Table 23: East Asia Cloud Communication Platforms Market Value (US$ Mn) Analysis by Enterprise Size, 2015-2030
Table 24: East Asia Cloud Communication Platforms Market Value (US$ Mn) Analysis by Verticals, 2015-2030
Table 25: East Asia Cloud Communication Platforms Market Value (US$ Mn) Analysis by Country, 2015-2030
Table 26: South Asia & Pacific Cloud Communication Platforms Market Size (US$ Mn) Analysis by Solutions, 2015-2030
Table 27: South Asia & Pacific Cloud Communication Platforms Market Value (US$ Mn) Analysis by Services, 2015-2030
Table 28: South Asia & Pacific Cloud Communication Platforms Market Value (US$ Mn) Analysis by Enterprise Size, 2015-2030
Table 29: South Asia & Pacific Cloud Communication Platforms Market Value (US$ Mn) Analysis by Verticals, 2015-2030
Table 30: South Asia & Pacific Cloud Communication Platforms Market Value (US$ Mn) Analysis by Country, 2015-2030
Table 31: Middle East & Africa Cloud Communication Platforms Market Size (US$ Mn) Analysis by Solutions, 2015-2030
Table 32: Middle East & Africa Cloud Communication Platforms Market Value (US$ Mn) Analysis by Services, 2015-2030
Table 33: Middle East & Africa Cloud Communication Platforms Market Value (US$ Mn) Analysis by Enterprise Size, 2015-2030
Table 34: Middle East & Africa Cloud Communication Platforms Market Value (US$ Mn) Analysis by Verticals, 2015-2030
Table 35: Middle East & Africa Cloud Communication Platforms Market Value (US$ Mn) Analysis by Country, 2015-2030
Figure 01: Global Cloud Communication Platforms Market Size and Y-o-Y Growth Rate from 2020-2030
Figure 02: Global Cloud Communication Platforms Market Absolute $ Opportunity (US$ Mn), 2019 - 2030
Figure 03: Global Cloud Communication Platforms Market Value (US$ Mn), 2015-2019
Figure 04: Global Cloud Communication Platforms Market Value (US$ Mn) Forecast, 2020-2030
Figure 05: Global Cloud Communication Platforms Market Share and BPS Analysis by Solutions- 2020 & 2030
Figure 06: Global Cloud Communication Platforms Market Y-o-Y Growth by Solutions, 2020-2030
Figure 07: Global Cloud Communication Platforms Market: Market Attractiveness by Solutions
Figure 08: Global Cloud Communication Platforms Market Share and BPS Analysis by Services- 2020 & 2030
Figure 09: Global Cloud Communication Platforms Market Y-o-Y Growth by Services, 2020-2030
Figure 10: Global Cloud Communication Platforms Market: Market Attractiveness by Services
Figure 11: Global Cloud Communication Platforms Market Share and BPS Analysis by Enterprise Size- 2020 & 2030
Figure 12: Global Cloud Communication Platforms Market Y-o-Y Growth by Enterprise Size, 2020-2030
Figure 13: Global Cloud Communication Platforms Market: Market Attractiveness by Enterprise Size
Figure 14: Global Cloud Communication Platforms Market Share and BPS Analysis by Verticals- 2020 & 2030
Figure 15: Global Cloud Communication Platforms Market Y-o-Y Growth by Verticals, 2020-2030
Figure 16: Global Cloud Communication Platforms Market: Market Attractiveness by Verticals
Figure 17: Global Cloud Communication Platforms Market Share and BPS Analysis by Region- 2020 & 2030
Figure 18: Global Cloud Communication Platforms Market Y-o-Y Growth by Region, 2020-2030
Figure 19: Global Cloud Communication Platforms Market: Market Attractiveness by Region
Figure 20: North America Cloud Communication Platforms Market Absolute $ Opportunity
Figure 21: Latin America Cloud Communication Platforms Market Absolute $ Opportunity
Figure 22: Europe Cloud Communication Platforms Market Absolute $ Opportunity
Figure 23: East Asia Cloud Communication Platforms Market Absolute $ Opportunity
Figure 24: South Asia & Pacific Cloud Communication Platforms Market Absolute $ Opportunity
Figure 25: Middle East & Africa Cloud Communication Platforms Market Absolute $ Opportunity
Figure 26: North America Cloud Communication Platforms Market Value (US$ Mn), 2015-2019
Figure 27: North America Cloud Communication Platforms Market Value (US$ Mn) Forecast, 2020-2030
Figure 28: North America Cloud Communication Platforms Market Share and BPS Analysis by Solutions- 2020 & 2030
Figure 29: North America Cloud Communication Platforms Market Y-o-Y Growth by Solutions, 2020-2030
Figure 30: North America Cloud Communication Platforms Market: Market Attractiveness by Solutions
Figure 31: North America Cloud Communication Platforms Market Share and BPS Analysis by Services- 2020 & 2030
Figure 32: North America Cloud Communication Platforms Market Y-o-Y Growth by Services, 2020-2030
Figure 33: North America Cloud Communication Platforms Market: Market Attractiveness by Services
Figure 34: North America Cloud Communication Platforms Market Share and BPS Analysis by Enterprise Size- 2020 & 2030
Figure 35: North America Cloud Communication Platforms Market Y-o-Y Growth by Enterprise Size, 2020-2030
Figure 36: North America Cloud Communication Platforms Market: Market Attractiveness by Enterprise Size
Figure 37: North America Cloud Communication Platforms Market Share and BPS Analysis by Verticals- 2020 & 2030
Figure 38: North America Cloud Communication Platforms Market Y-o-Y Growth by Verticals, 2020-2030
Figure 39: North America Cloud Communication Platforms Market: Market Attractiveness by Verticals
Figure 40: North America Cloud Communication Platforms Market Share and BPS Analysis by Country- 2020 & 2030
Figure 41: North America Cloud Communication Platforms Market Y-o-Y Growth by Country, 2020-2030
Figure 42: North America Cloud Communication Platforms Market: Market Attractiveness by Country
Figure 43: U.S. Cloud Communication Platforms Market Absolute $ Opportunity
Figure 44: Canada Cloud Communication Platforms Market Absolute $ Opportunity
Figure 45: Latin America Cloud Communication Platforms Market Value (US$ Mn), 2015-2019
Figure 46: Latin America Cloud Communication Platforms Market Value (US$ Mn) Forecast, 2020-2030
Figure 47: Latin America Cloud Communication Platforms Market Share and BPS Analysis by Solutions- 2020 & 2030
Figure 48: Latin America Cloud Communication Platforms Market Y-o-Y Growth by Solutions, 2020-2030
Figure 49: Latin America Cloud Communication Platforms Market: Market Attractiveness by Solutions
Figure 50: Latin America Cloud Communication Platforms Market Share and BPS Analysis by Services- 2020 & 2030
Figure 51: Latin America Cloud Communication Platforms Market Y-o-Y Growth by Services, 2020-2030
Figure 52: Latin America Cloud Communication Platforms Market: Market Attractiveness by Services
Figure 53: Latin America Cloud Communication Platforms Market Share and BPS Analysis by Enterprise Size- 2020 & 2030
Figure 54: Latin America Cloud Communication Platforms Market Y-o-Y Growth by Enterprise Size, 2020-2030
Figure 55: Latin America Cloud Communication Platforms Market: Market Attractiveness by Enterprise Size
Figure 56: Latin America Cloud Communication Platforms Market Share and BPS Analysis by Verticals- 2020 & 2030
Figure 57: Latin America Cloud Communication Platforms Market Y-o-Y Growth by Verticals, 2020-2030
Figure 58: Latin America Cloud Communication Platforms Market: Market Attractiveness by Verticals
Figure 59: Latin America Cloud Communication Platforms Market Share and BPS Analysis by Country- 2020 & 2030
Figure 60: Latin America Cloud Communication Platforms Market Y-o-Y Growth by Country, 2020-2030
Figure 61: Latin America Cloud Communication Platforms Market: Market Attractiveness by Country
Figure 62: Brazil Cloud Communication Platforms Market Absolute $ Opportunity
Figure 63: Mexico Cloud Communication Platforms Market Absolute $ Opportunity
Figure 64: Rest of Latin America Europe Cloud Communication Platforms Market Absolute $ Opportunity
Figure 65: Europe Cloud Communication Platforms Market Value (US$ Mn), 2015-2019
Figure 66: Europe Cloud Communication Platforms Market Value (US$ Mn) Forecast, 2020-2030
Figure 67: Europe Cloud Communication Platforms Market Share and BPS Analysis by Solutions- 2020 & 2030
Figure 68: Europe Cloud Communication Platforms Market Y-o-Y Growth by Solutions, 2020-2030
Figure 69: Europe Cloud Communication Platforms Market: Market Attractiveness by Solutions
Figure 70: Europe Cloud Communication Platforms Market Share and BPS Analysis by Services- 2020 & 2030
Figure 71: Europe Cloud Communication Platforms Market Y-o-Y Growth by Services, 2020-2030
Figure 72: Europe Cloud Communication Platforms Market: Market Attractiveness by Services
Figure 73: Europe Cloud Communication Platforms Market Share and BPS Analysis by Enterprise Size- 2020 & 2030
Figure 74: Europe Cloud Communication Platforms Market Y-o-Y Growth by Enterprise Size, 2020-2030
Figure 75: Europe Cloud Communication Platforms Market: Market Attractiveness by Enterprise Size
Figure 76: Europe Cloud Communication Platforms Market Share and BPS Analysis by Verticals- 2020 & 2030
Figure 77: Europe Cloud Communication Platforms Market Y-o-Y Growth by Verticals, 2020-2030
Figure 78: Europe Cloud Communication Platforms Market: Market Attractiveness by Verticals
Figure 79: Europe Cloud Communication Platforms Market Share and BPS Analysis by Country- 2020 & 2030
Figure 80: Europe Cloud Communication Platforms Market Y-o-Y Growth by Country, 2020-2030
Figure 81: Europe Cloud Communication Platforms Market: Market Attractiveness by Country
Figure 82: Germany Cloud Communication Platforms Market Absolute $ Opportunity
Figure 83: Italy Cloud Communication Platforms Market Absolute $ Opportunity
Figure 84: France Cloud Communication Platforms Market Absolute $ Opportunity
Figure 85: U.K. Cloud Communication Platforms Market Absolute $ Opportunity
Figure 86: Spain Cloud Communication Platforms Market Absolute $ Opportunity
Figure 87: BENELUX Cloud Communication Platforms Market Absolute $ Opportunity
Figure 88: Russia Cloud Communication Platforms Market Absolute $ Opportunity
Figure 89: East Asia Cloud Communication Platforms Market Value (US$ Mn), 2015-2019
Figure 90: East Asia Cloud Communication Platforms Market Value (US$ Mn) Forecast, 2020-2030
Figure 91: East Asia Cloud Communication Platforms Market Share and BPS Analysis by Solutions- 2020 & 2030
Figure 92: East Asia Cloud Communication Platforms Market Y-o-Y Growth by Solutions, 2020-2030
Figure 93: East Asia Cloud Communication Platforms Market: Market Attractiveness by Solutions
Figure 94: East Asia Cloud Communication Platforms Market Share and BPS Analysis by Services- 2020 & 2030
Figure 95: East Asia Cloud Communication Platforms Market Y-o-Y Growth by Services, 2020-2030
Figure 96: East Asia Cloud Communication Platforms Market: Market Attractiveness by Services
Figure 97: East Asia Cloud Communication Platforms Market Share and BPS Analysis by Enterprise Size- 2020 & 2030
Figure 98: East Asia Cloud Communication Platforms Market Y-o-Y Growth by Enterprise Size, 2020-2030
Figure 99: East Asia Cloud Communication Platforms Market: Market Attractiveness by Enterprise Size
Figure 100: East Asia Cloud Communication Platforms Market Share and BPS Analysis by Verticals- 2020 & 2030
Figure 101: East Asia Cloud Communication Platforms Market Y-o-Y Growth by Verticals, 2020-2030
Figure 102: East Asia Cloud Communication Platforms Market: Market Attractiveness by Verticals
Figure 103: East Asia Cloud Communication Platforms Market Share and BPS Analysis by Country- 2020 & 2030
Figure 104: East Asia Cloud Communication Platforms Market Y-o-Y Growth by Country, 2020-2030
Figure 105: East Asia Cloud Communication Platforms Market: Market Attractiveness by Country
Figure 106: China Cloud Communication Platforms Market Absolute $ Opportunity
Figure 107: Japan Cloud Communication Platforms Market Absolute $ Opportunity
Figure 108: South Korea Cloud Communication Platforms Market Absolute $ Opportunity
Figure 109: South Asia & Pacific Cloud Communication Platforms Market Value (US$ Mn), 2015-2019
Figure 110: South Asia & Pacific Cloud Communication Platforms Market Value (US$ Mn) Forecast, 2020-2030
Figure 111: South Asia & Pacific Cloud Communication Platforms Market Share and BPS Analysis by Solutions- 2020 & 2030
Figure 112: South Asia & Pacific Cloud Communication Platforms Market Y-o-Y Growth by Solutions, 2020-2030
Figure 113: South Asia & Pacific Cloud Communication Platforms Market: Market Attractiveness by Solutions
Figure 114: South Asia & Pacific Cloud Communication Platforms Market Share and BPS Analysis by Services- 2020 & 2030
Figure 115: South Asia & Pacific Cloud Communication Platforms Market Y-o-Y Growth by Services, 2020-2030
Figure 116: South Asia & Pacific Cloud Communication Platforms Market: Market Attractiveness by Services
Figure 117: South Asia & Pacific Cloud Communication Platforms Market Share and BPS Analysis by Enterprise Size- 2020 & 2030
Figure 118: South Asia & Pacific Cloud Communication Platforms Market Y-o-Y Growth by Enterprise Size, 2020-2030
Figure 119 South Asia & Pacific Cloud Communication Platforms Market: Market Attractiveness by Enterprise Size
Figure 120: South Asia & Pacific Cloud Communication Platforms Market Share and BPS Analysis by Verticals- 2020 & 2030
Figure 121: South Asia & Pacific Cloud Communication Platforms Market Y-o-Y Growth by Verticals, 2020-2030
Figure 122 South Asia & Pacific Cloud Communication Platforms Market: Market Attractiveness by Verticals
Figure 123: South Asia & Pacific Cloud Communication Platforms Market Share and BPS Analysis by Country- 2020 & 2030
Figure 124: South Asia & Pacific Cloud Communication Platforms Market Y-o-Y Growth by Country, 2020-2030
Figure 125: South Asia & Pacific Cloud Communication Platforms Market: Market Attractiveness by Country
Figure 126: India Cloud Communication Platforms Market Absolute $ Opportunity
Figure 127: ASEAN Cloud Communication Platforms Market Absolute $ Opportunity
Figure 128: Australia & New Zealand Cloud Communication Platforms Market Absolute $ Opportunity
Figure 129: Middle East & Africa Cloud Communication Platforms Market Value (US$ Mn), 2015-2019
Figure 130: Middle East & Africa Cloud Communication Platforms Market Value (US$ Mn) Forecast, 2020-2030
Figure 131: Middle East & Africa Cloud Communication Platforms Market Share and BPS Analysis by Solutions- 2020 & 2030
Figure 132: Middle East & Africa Cloud Communication Platforms Market Y-o-Y Growth by Solutions, 2020-2030
Figure 133: Middle East & Africa Cloud Communication Platforms Market: Market Attractiveness by Solutions
Figure 134: Middle East & Africa Cloud Communication Platforms Market Share and BPS Analysis by Services- 2020 & 2030
Figure 135: Middle East & Africa Cloud Communication Platforms Market Y-o-Y Growth by Services, 2020-2030
Figure 136: Middle East & Africa Cloud Communication Platforms Market: Market Attractiveness by Services
Figure 137: Middle East & Africa Cloud Communication Platforms Market Share and BPS Analysis by Enterprise Size- 2020 & 2030
Figure 138: Middle East & Africa Cloud Communication Platforms Market Y-o-Y Growth by Enterprise Size, 2020-2030
Figure 139: Middle East & Africa Cloud Communication Platforms Market: Market Attractiveness by Enterprise Size
Figure 140: Middle East & Africa Cloud Communication Platforms Market Share and BPS Analysis by Verticals- 2020 & 2030
Figure 141: Middle East & Africa Cloud Communication Platforms Market Y-o-Y Growth by Verticals, 2020-2030
Figure 142: Middle East & Africa Cloud Communication Platforms Market: Market Attractiveness by Verticals
Figure 143: Middle East & Africa Cloud Communication Platforms Market Share and BPS Analysis by Country- 2020 & 2030
Figure 144: Middle East & Africa Cloud Communication Platforms Market Y-o-Y Growth by Country, 2020-2030
Figure 145: Middle East & Africa Cloud Communication Platforms Market: Market Attractiveness by Country
Figure 146: GCC Countries Cloud Communication Platforms Market Absolute $ Opportunity
Figure 147: Turkey Cloud Communication Platforms Market Absolute $ Opportunity
Figure 148: South Africa Cloud Communication Platforms Market Absolute $ Opportunity
The cloud communication platform market is likely to secure a CAGR of 26.8% through 2032.
The cloud communication platform market size is estimated to cross USD 60.71 Bn by 2032.
The cloud communication platform market is likely to record a value of USD 5.65 Bn in 2022.
North America is likely to lead the cloud communication platform market.
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