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Communication Platform as a Service Market Share

  • Report ID: GMI7161
  • Published Date: Oct 2023
  • Report Format: PDF

Communication Platform as a Service Market Share

Players in the communication platform as a service industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. The strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, customer retentions, and others. These players are also heavily investing in their research & development to introduce innovative and technologically advanced solutions in the market. Some of the major players operating in the communication platform as a service (CPaaS) industry are mentioned below:

  • Twilio
  • Vonage
  • Sinch
  • Bandwidth
  • AWS
  • Microsoft Azure
  • Google Cloud
Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

Communication platform as a service (CPaaS) industry size surpassed USD 9 million in 2022 and is poised to record over 25% CAGR from 2023 to 2032 owing to the rising demand for remote work, digital transformation, and the dire need for agile & accessible communication tools.

Communication platform as a service industry from the SMEs segment is projected to witness 25% growth rate from 2023-2032 owing to its cost-effectiveness and capacity for scalable communication.

North America held more than 35% revenue share of the CPaaS market and is estimated to expand at notable CAGR through 2032 driven by the presence of large & diverse business landscape including tech giants, startups, and enterprises.

Some of the major CPaaS companies are Twilio, Vonage, Sinch, Bandwidth, AWS, Microsoft Azure, and Google Cloud.

Communication Platform as a Service Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 263
  • Countries covered: 21
  • Pages: 220
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