Cloud Communication Platforms Market

Cloud Communication Platform Market: UCaaS Projected to be the Most Attractive Segment by Solutions Through 2027: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)

Reached the clouds already – cloud communication platform to witness exponential growth during the 2017-2027 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 2017 supported by a stellar growth rate throughout the 2017-2027 assessment period. The global market for cloud communication platform is estimated to reach an enormous market valuation of about US$ 12 Bn by the end of 2027, starting from a mere value of around US$ 1.4 Bn in 2017. This super growth and market standings of cloud communication platforms is supported by its rising acceptance worldwide and hence registering a stunning 8.5x increase in market valuation during the 2017-2027 period. The global cloud communication platform market is anticipated to reflect a higher absolute dollar opportunity during the period of assessment. The compounded annual growth rate with respect to value to be radiated from the global cloud communication platform market is 21.7% throughout the period of assessment.

UCaaS solution reflects an extremely high potential in terms of growth during 2017-2027

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 US% 700 Mn and is anticipated to reach a valuation of about US$ 7.3 Bn 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 2017-2027. 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.

Video conferencing and IVR to show similar pace

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 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 US$ 1.5 Bn by 2027 end and the video conferencing segment is estimated to show a valuation of about US$ 1.3 Bn by the end of 2027.

cloud communication platform market

Regional analysis – trio show outstanding statistics

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 2017-2027. 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 2017-2027 timeline. In APEJ also the video conferencing segment has a bright future in the coming years.

The exhaustive research report titled “Cloud Communication Platform Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” by Future Market Insights delivers exquisite feel and flavour of the market and adding value to the readers by supporting them in their strategic decisions in the dynamically changing market scenario with a view to set them apart from their competition.

Weighted analysis towards strategic proficiency

The market research report on global cloud communication platform market presented by Future Market Insights, is an exhaustive research study that covers the global market for cloud communication platform by focusing on the various macroeconomic aspects and strategic factors which have a huge influence on the market inducing different trends and opportunities. The quantification of data pertaining to these aspects backed with statistical representations and analyses giving a holistic and an unbiased view of the entire market is delivered in the global cloud communication platform market research report. Growth direction of the market is discussed with respect to different segments involved in the cloud communication platform market, across important regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East and Africa (MEA) along with key recommendations by the market experts.

The statistical analysis and forecasting will assist in getting a clear market understanding and its present as well as future scenario based on the strong market insights. Number crunching, market information and data mining is based on a clear market definition which is included in the market introduction chapter in the report. Trends, opportunities, developments, challenges or restraints, growth drivers, with respect to the entire cloud communication platform market ecosystem has been included in this research study.

Market Segmentation

By Solutions

By Services

By Verticals

By Enterprise Size

By Region

  • Unified Communication & Collaboration

  • Web Real-Time Communication (WebRTC)

  • Interactive Voice Response (IVR) with integral EPABX

  • Audio Conferencing

  • Video Conferencing

  • Voice Over Internet Protocol (VoIP) with cloud PBX

  • Managed Services

  • Professional Services

  • BFSI

  • Healthcare

  • Telecommunication & ITES

  • Government

  • Retail

  • Travel & Hospitality

  • Manufacturing

  • Others

  • Large Enterprise

  • Medium Enterprise

  • Small Enterprise

  • Micro Enterprise

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

The global cloud communication platform market research report covers competitive landscape, which covers the market shares, revenues, growth strategies applied, mergers and acquisitions, product portfolio analysis, distribution channels, expansion across various geographies, marketing strategies, etc., of the various key players involved in this market. Such an intelligence framework can be used to make informed decisions and devise appropriate strategies to gain competitive advantage.

To summarize…

  • The research study gives a holistic 3600 view of the entire market considering all major geographies

  • The study expresses unbiased opinion about the market and this realistic market contour can be used to slate important decisions from a strategic standpoint

  • Actionable intelligence just a click away

  • Detailed SWOT analysis enhancing the credibility of the research

  • Effective forecasting helps in judging the future market scenario across all segments

  • In depth analysis which gives justice to the detailed segmentation of the cloud communication platform market

  • Major trends and developments along with restraints covered in the report which reflect the true picture of the market

  • Maximum accuracy is only the tip of the iceberg