Continuous the demand for secured and flexible work conditions such as work from home among others across the world since the past few years, especially in developing countries such as China, Brazil, India, and Mexico, which is contributing to the growth of the cloud communication platforms market. According to growing adoption of cloud communication platform to… Read More »Cloud Communication Platform Market to Witness an Outstanding Growth by 2020-2030
Cloud Communication Platform Market Expected to Grow Significantly by 2030
Continuous the demand for secured and flexible
work conditions such as work from home among others across the world since the
past few years, especially in developing countries such as China, Brazil,
India, and Mexico, which is contributing to the growth of the cloud communication platforms market. According to growing adoption of cloud
communication platform to achieve key initiatives such as customer relationship
management, customer retention, brand awareness, and brand loyalty, is also
creating potential growth opportunities for the cloud communication platforms
market. In addition, the increasing adoption of new and advanced technologies
for cloud communication and collaboration is propelling the growth of the cloud
communication platforms market.
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Key Takeaways of Cloud Communication Platforms
Market Study
- Among the solution
segment, the UCaaS solution sub-segment is expected to witness a high growth
rate during the forecast period, owing to the providing secure communication
and collaboration applications in the cloud. - East Asia is expected
to create lucrative growth opportunities for players in the cloud communication
platforms market, owing to the increasing cutting edge communication
functionalities such as video calling, voice over Internet convention (VoIP) in
the countries of this region.
“The growing concerns
regarding cloud security, and easily integrate voice and calling features into
applications has increased the use of cloud communication platforms, such
factors increasing demand for cloud communication platforms market,” Says the
FMI Analyst
Increasing Adoption of Cloud Communication
Platform amid the COVID-19 Pandemic outbreak
The COVID-19 pandemic
outbreak has disrupted many industries, including the cloud communication
platform market. Many private, as well as government organizations, have
transitioned to remote working, there is a sudden surge in demand for cloud
communication platform solutions. The demand for video streaming, online
shopping, is increasing as Europeans are self-isolating in their homes either
as security or on government command. This is driving an increase in the
adoption of the cloud communication platform market. Software-as-a-Service
(SaaS) market is estimated to grow by 1.4X from 2019-2020 and would see a surge
in demand amid the COVID-19 outbreak, as remote working becomes the new norm.
Increasing adoption of cloud-based collaboration tools such as web
conferencing, cloud storage, unified messaging and others, due to global
lockdowns.
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More Valuable Insights on Cloud Communication
Platforms Market
FMI’s report on the
cloud communication platforms market is segmented into three major sections
such as solutions (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), services (managed services, and professional
services), enterprise size (large enterprise, medium enterprise, small
enterprise and micro enterprise), verticals (BFSI, healthcare,
telecommunication, & ITES, government, retail, travel &
hospitality, manufacturing and others), and region to help readers
understand and lucrative evaluate opportunities in the cloud communication
platforms market.
