Global Cloud Communication Platform Market HighlightsThe Cloud Communication Platform Market is projected to grow at a CAGR of 24.8% during the forecast period.
As per the cloud communication platform market research report, the global market for cloud communication platform is anticipated to grow rapidly by US$5,706.8 million by 2023.
As per analysts, the growing trend of BYOD along with the high adoption rate of cloud computing will drive the market growth throughout the forecast period.
The cloud communication platform market research report by expert analysts is intended to help companies in the cloud communication platform market.Cloud Communication Platform Market Key PlayersEminent players impacting the cloud communication platform market are 8X8 Inc. (U.S.), West IP Communications Inc. (U.S.), Coms Care Ltd. (U.K.), Cisco Systems Inc. (U.S.), Hookflash Solutions Inc. (Canada), Telestax Inc. (U.S.), Plivo Inc. (U.S.), Avaya Inc. (U.S.), Nexmo Inc. (U.S.), Netfortis Inc. (U.S.), and others.
Merger, acquisition, partnership, product creation, and other strategies are some strategic developments that enable companies to improve their plans and remain on the competitive market.Cloud Communication Platform Market SegmentationThe global cloud communication platform market has been segmented by component, organization size, and vertical.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2811The component segment comprises solutions and services, wherein based on the solution, the cloud communication platform market can be categorized into application programming interface (API), unified communication and collaboration (UCC), real-time web communication (Web RTC), interactive voice response (IVR), voice over internet protocol, and reporting Service-wise, the cloud communication platform market has been divided into training & consulting support & maintenance, and managed services.
The component segment is poised to acquire a CAGR of 24.1% over the review period.On the basis of the size of the organization, the market has been bifurcated into large enterprises and SMEs, wherein the large enterprises' segment is likely to observe a CAGR of 23.9% over the review period.The Vertical segmentation of the cloud communication platform market comprises IT & telecommunications, media & entertainment, healthcare, education, transportation, banking, financial services and insurance (BFSI), and others.