Communication Platform as a Service Market: Increasing Chat-bots to influence the sale of the CPaaS Market


Posted November 24, 2023 by MaximizeRushikesh

Communication Platform as a Service Market size was valued at USD 12.4 Bn in 2022 and is expected to reach USD 48.9 Bn by 2029, at a CAGR of 28.4% over the forecast period (2023-2029).
 
Communication Platform as a Service Market Overview:

The purpose of this study is to provide a thorough examination of the Communication Platform as a Service market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Communication Platform as a Service market's growth. The study also offers a comprehensive analysis of the market's value chain.

Market Scope:

The research method used to assess and anticipate the Communication Platform as a Service market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Communication Platform as a Service market was calculated using the revenue of significant enterprises.

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Drivers:

Increasing demand for real-time communication to boost the Communication Platform as a Service (CPaaS) Market growth

The increasing need for real-time communication, especially in the business world, is expected to influence the Communication Platform as a Service (CPaaS) market growth. CPaaS solutions provide businesses with the tools they need to communicate with customers, employees, and partners in real-time, regardless of their location.

Segmentation:

by Component

1. Services
2. Solution

by Industry

1. Healthcare
2. IT and Telecom
3. BFSI
4. Government and Public Sector
5. Manufacturing
6. Retail
7. Education

by Deployment

1. Cloud
2. On- premise

by Enterprise size

1. Large
2. Small

Key Players:

The major players covered in the Communication Platform as a Service market report are

1. Avaya
2. TWILIO INC
3. Vonage America
4. MessageBird
5. Infobip ltd.
6. Plivo Inc.
7. Telnyx LLC
8. TEXTUS
9. Voximplant
10. Bandwidth Inc.
11. Telesign corporation
12. IntelePeer cloud communications llc
13. Nylas
14. Plivo
15. Wazo communication inc
16. Mitel networks corporation
17. IMIMobile limited
18. Mobtexting
19. 8x8 inc
20. Kaleyra
21. Link Mobility
22. Verint Systems

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Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on Communication Platform as a Service Market:

Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Communication Platform as a Service market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Communication Platform as a Service industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.

Key Questions Answered in the Communication Platform as a Service Market Report are:

Which segment grabbed the largest share in the Communication Platform as a Service market?
How was the competitive scenario of the Communication Platform as a Service market in 2020?
Which are the key factors responsible for the Communication Platform as a Service market growth?
Which region held the maximum share in the Communication Platform as a Service market in 2020?
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Categories Business
Tags communication platformasaservicemarket , communication platformasaservicemarketsize , communication platformasaservicemarkettrend
Last Updated November 24, 2023