Communication Platform-as-a-Service (CPaaS) market size is projected to grow by USD 10.19 billion, solutions will be the largest revenue-generating component segment

NEW YORK, November 17, 2022 /PRNewswire/ — The “Communication Platform-as-a-Service (CPaaS) market by component (solutions and services) and geography (North America, EuropeAPAC, South Americaand middle East and Africa) – Forecast and Analysis 2022-2026″ has been added to Technavio’s offering. Technavio is ISO 9001:2015 certified and has been working with more than 100 Fortune 500 companies for over 16 years. The potential growth gap for the communications platform-as – a-Service (cPaaS) Market Size between 2021 and 2026 $10.19 billion. To get the exact annual growth variance and YOY growth rate, Request a FREE sample PDF report

Technavio has announced its latest market research report titled Global Communication Platform-as-a-Service (CPaaS) Market

Technavio has announced its latest market research report titled Global Communication Platform-as-a-Service (CPaaS) Market

market segmentation

That solutions segment will make a significant contribution to market growth during the forecast period. This is due to the increasing demand for network systems that can enable smooth communication between multiple end-user industries. In addition, low-cost cloud-based solutions are being adopted by healthcare providers. These solutions segment factors will propel the growth of the Communication Platform-as-a-Service market during the forecast period.

Get lifetime access to our Technavio Insights! Subscribe to our Basic Plan is billed annually $5000

North America will be the leading region accounting for 64% of the market growth over the forecast period. The US is the key country for the communications platform-as-a-service (cPaaS) market in North America.

Check out our FREE PDF sample report for additional insights into the contribution of each segment and regional opportunity in the report

key market dynamics

  • Market Drivers: Optimized application management drives market growth. CPaaS usage is increasing as this approach brings flexibility and efficiency, which are essential for business growth. Businesses do not need to set up and maintain servers and upgrades as these are handled by cloud-based service providers. The CPaaS model helps manage all applications from one central location, eliminating concerns about IT governance and providing instant access to internal infrastructure. It simplifies the tasks of application developers by eliminating time-consuming configuration tasks by providing a plug-and-play user-friendly interface. Such conveniences will drive the growth of the Communication Platform as a Service (CPaaS) market over the forecast period.

  • Market Challenges: Security concerns related to the public cloud challenge market growth. In a public cloud, applications from multiple customers typically run on the same operating system. Applications can be isolated from each other using containers or language-specific sandbox mechanisms. As a result, customers are exposed to vulnerabilities such as lax default application configurations and gaps in Secure Sockets Layer (SSL) protocols. Regulations such as the General Data Protection Regulation (GDPR) impose certain restrictions on where the data can be stored. Data security is critical to the financial services and healthcare industries. Therefore, security issues related to the public cloud and storage may reduce the adoption of the CPaaS model, which in turn will impede the growth of the Communication Platforms as a Service (CPaaS) market over the forecast period.

Learn more about other key drivers, trends and challenges available with Technavio in this report. buy now for detailed segment information

Some companies mentioned

Would you like your report to be customized? Talk to an analyst and personalize your report according to your needs

Related reports

Disaster Recovery-as-a-Service market by use and geography – prognosis and analysis 2022-2026: Improving manageability and protection is driving market share growth. DRaaS ensures business continuity in the event of an outage. A web-based control panel improves network and server security and visibility with real-time activity and system health monitoring and reporting.

Access control as a service market by type and geography – forecast and analysis 2022-2026: Growing awareness of sophisticated data security threats is driving the market growth. Increasing concerns about data security are driving demand for ACaaS. It is being adopted by organizations for its inherent cyber risk management capabilities.

Communication Platform-as-a-Service (CPaaS) Market Scope

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with a CAGR of 17.85%

Market growth 2022-2026

$10.19 billion

market structure

fragmented

YoY Growth (%)

17.23

Regional Analysis

North America, Europe, APAC, South America and Middle East & Africa

make a market contribution

North America at 64%

Important consumer countries

USA, Japan, China, Great Britain and Germany

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

8×8 Inc., Alvaria Inc., Avaya Holdings Corp., Bandwidth Inc., Communication Wazo Inc., Infobip Ltd., IntelePeer, Iotum Inc., M800 Ltd., MessageBird BV, Mitel Networks Corp., Plivo Inc., Sinch AB , Telestax Inc., Twilio Inc., vCloudx Pte. Ltd., Vidyo Inc., Vonage Holdings Corp., Voximplant Inc. and Voxvalley Technologies Pvt. GmbH.

market dynamics

Root Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, and Market State Analysis for the Forecast Period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

search information technology market reports

Key topics covered

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Components

6 customer landscape

7 Geographical Landscape

8 drivers, challenges and trends

9 provider landscape

10 Vendor Analysis

11 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact
Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail:media@technavio.com
Website: www.technavio.com/

(PRNews photo/Technavio)

(PRNews photo/Technavio)

decision

decision

View the original content to download multimedia:https://www.prnewswire.com/news-releases/communication-platform-as-a-service-cpaas-market-size-to-grow-by-usd-10-19-billion-solutions-to-be- top-selling component segment—technavio-301679667.html

SOURCE Technavio

Leave a Reply

Your email address will not be published. Required fields are marked *