North America Cloud Communication Platform Market

Market Introduction

Cloud communication platforms help overcome the issues related to high costs and inflexible nature of traditional or old type communication systems. The platforms combine developing technologies into a single type platform, thus minimizing the disturbance of integrating multiple services offered by several vendors. In the recent times, communication has changed from separate voice calling to video calls or voice over internet protocol (VoIP). The transformed methods of communications can easily be managed and controlled through cloud communication platforms. The platforms might offer secured service vendors, including net banking and social media, with two-way authentication for expending its services. Further, the increasing adoption of real-time web communication and technological advancements and upgrades in cloud technology are expected to drive the growth of the cloud communication platform market in the coming years.

Cloud IoT platforms facilitates stable and secured communication between devices and IoT platform. The cloud IoT platform provides several security features that ensure individual device security. It further offers data storage and processing capabilities, which permit the combination of APIs and other Cloud services. With the integration of IoT platforms with cloud communication platforms, various advantages are offered such as it maintains the hundreds of millions of devices, permits millions of devices to communicate with the IoT Platform at the same time, and guarantees 99.9% availability and accuracy.

North America Cloud Communication Platform Strategic Insights

Strategic insights for the North America Cloud Communication Platform provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Cloud Communication Platform Report Scope

North America Cloud Communication Platform Regional Insights

The geographic scope of the North America Cloud Communication Platform refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The North America cloud communication platform market was valued at US$ 1,106.6 million in 2019 and is projected to reach US$ 5,592.5 million by 2027; it is expected to grow at a CAGR of 22.6% from 2020 to 2027.

Cloud communication platforms are efficient and cost-effective due to which organizations are training their sights on cloud telephony solutions. These platforms do not require any investment in the entire setup replete with several types of equipment as they are adaptable to emerging communication functionalities. A private branch exchange (PBX), a phone communication used within an organization. With cloud communication platforms, the PBX can be facilitated on a cloud at a lower cost. Various large enterprises and SMEs are choosing cloud communication platform to leverage cost-effectiveness and higher working efficiency benefits delivered by them. Moreover, these cloud communication platforms require no capital infrastructure costs, transparent pay-as-you-go subscriptions which is an added advantage for the cloud communication platforms.

Key Market Segments

Based on enterprise size, large enterprises led the Cloud Communication platform market in 2020. The benefits conferred by cloud communication platform are enough to attract large enterprises to adopt the cloud communication platform for their organizations. In any organization, communication is considered as the critical component. With the expansion of a large enterprises, the communication and collaboration becomes difficult. Cloud communication platforms help address such concerns, but it is vital to ensure that the solution selected comprise the right functionality. Large enterprises across the world are focused on cost optimization, along with increasing overall productivity.

On the basis of vertical, the North America cloud communication platform market is segmented into BFSI, Healthcare, IT and Telecommunication, government, retail, travel and hospitality, education, and others. BFSI segment led the Cloud Communication platform market in 2019. The financial world and BFSI sector are nowadays experiencing from traditional methods to app-based methods including cloud based platform. Banks, insurance companies, Payment Service Providers and Fintech startups are nowadays extensively looking for innovative and reliable services, identification methods and fraud prevention. However, various cloud based platforms are secure and reliable methods to streamline business, enhance quality of service and minimize overheads simply by combining the voice, video, chat, SMS and numbers API into your applications.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the pin and sleeve device market in US are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the pin and sleeve device market report are CallFire, Avaya Inc, Cisco System Inc, NETFORTIS, Plivo Inc, Telestax Inc, Twilio Inc, Vonage, 8x8 Inc.

Reasons to buy report

• To understand the North America cloud communication platform device market landscape and identifymarket segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America cloud communication platform device market.
• Efficiently plan M&A and partnership deals in North America cloud communication platform device market by identifying market segments with the most promising probable sales
• Helps to takeknowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment in North America cloud communication platform  market.
• Obtain pin and sleeve device market revenue forecast by various segments from 2020-2027 in the US.

NORTH AMERICA CLOUD COMMUNICATION MARKET SEGMENTATION

By Solution

• Unified Communication and Collaboration (UCC/UCaaS)
• Web Real-Time Communication (WebRTC)
• Interactive Voice Response (IVR)
• Application Programming Interface (API)
• Reporting and Analytics

By Service

• Training and Consulting
• Support and Maintenance
• Managed Service

By Organization Size

• Small- and Medium Sized Enterprises
• Large Enterprises

By Vertical

• BFSI
• IT and Telecommunication
• Retail
• Government
• Education
• Others

Company Profiles

• CallFire
• Avaya Inc.
• Cisco Systems, Inc.
• NETFORTRIS
• PLIVO INC
• TELESTAX, INC
• TWILIO INC
• VONAGE
• WEST IP COMMUNICATIONS, INC
• 8X8, INC.