ACCESS Newswire
01 Jun 2020, 18:49 GMT+10
As a majority of employees have been displaced to their homes amidst the virus spread, having a foolproof cloud communication platform solution is becoming a business essential.
DUBAI, UAE / ACCESSWIRE / June 1, 2020 / The global cloud communication platform market will experience a double-digit CAGR over the forecast period, 2020-2030. Upsurge in investments in IT infrastructure for cloud service providers (CSPs), internet service providers (ISPs), and hyperscalers have been critical in driving market growth. Further, the coronavirus (COVID-19) pandemic has compelled several organizations to turn to work from home (WFH) model, thereby, resulting in increasing deployment of cloud communication platform solutions.
Digital collaboration tool providers, including Zoom, and Microsoft, are witnessing a remarkable upswing in usage across continents due to lockdowns and stay-at-home orders. Given the shortage of on-site IT personnel, companies are utilizing cloud-based solutions to maintain and monitor their storage, and server installations in data centers. Enterprises are leveraging full potential of cloud to establish resilient and disaster-immune models to satiate the remote workforce, as well as ensure data security and enterprise application integrity.
'While the COVID-19 pandemic is having a detrimental impact on the global economic order, it is having a mildly positive impact on cloud communication platform market. Although the pandemic is troubling cloud service providers, in uncertain times, the public cloud infrastructure is delivering flexibility and safe house for organizations striving to maintain normal operations' says the FMI study.
Request report sample with 300+ pages to gain in-depth market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-3349
Cloud Communication Platform Market - Key Takeaways
Cloud Communication Platform Market - Key Driving Factors
Cloud Communication Platform Market - Key Constraints
Anticipated Market Impact of Coronavirus Outbreak
The COVID-19 pandemic has hampered the revenue growth of almost every industry, including the cloud communication platform market. Alerted by the situation, several private, and government organizations have transitioned to remote working, thus, translating into swelling adoption of cloud communication platform solutions. In addition, customers are significantly banking on video streaming services as they strictly following self-isolating regulations. Such evolving trends are auguring well for the cloud communication platform market. The Software-as-a-Service (SaaS) market expanded by nearly 1.4X in 2019 and will see a surge in demand amidst the COVID-19 crisis, as remote working becomes the new normal.
Explore the global cloud communication platform market report with 148 illustrative figures, 35 data tables and the table of contents. You can also find a comprehensive market segmentation on https://www.futuremarketinsights.com/request-special-price/rep-gb-3349
Competition Landscape
Key players in the cloud communication platform market are Cisco Systems Inc., IBM Corporation, Microsoft Corporation, Huawei Technologies Co. Ltd., Avaya Inc., Ozonetel Systems Pvt. Ltd., and Dialogic Inc. Players are focusing on collaborations and new service launches in order to expand their presence further during the COVID-19 recession and extend their customer base.
More About the Report
The FMI's market research report of 300 pages offers comprehensive insights on cloud communication platform market. The market is analyzed on the basis of solution (unified communication & collaboration, web real-time communication (WEBRTC), interactive voice response (IVR) with integral EPABX, audio conferencing, video conferencing, and voice over internet protocol (VoIP) with cloud PBX), services (managed services, and professional services) and enterprise size (large enterprise, medium enterprise, small enterprise and micro enterprise), vertical (BFSI, healthcare, telecommunication, & ITES, government, retail, travel & hospitality, manufacturing and others), and across seven key regions (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa).
Explore Extensive Coverage of FMI's Electronics, Semiconductors, and ICT Landscape
Unified Communication as a Service (UCaaS) Market - Find comprehensive insights on the global Unified Communication as a Service (UCaaS) market with detailed segment-wise assessment, key influencing factors, market statistics, leading players and critical developmental strategies adopted by them over a 10-year forecast period.
Cloud Business Email Market - Find out the strategies followed by market players to gain an upper hand over their peers in this cloud business email market study.
Cloud ELN Service Market - This market report on cloud ELN service market provides global industry assessment of 2015-2019 and opportunity analysis for 2020-2030, and offers in-depth insights regarding key market dynamics.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Market Report: https://www.futuremarketinsights.com/reports/cloud-communication-platforms-market
Press Release Source: https://www.futuremarketinsights.com/press-release/cloud-communication-platforms-market
SOURCE: Future Market Insights
Get a daily dose of Baltimore Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Baltimore Star.
More InformationWASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
SAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...