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Global cloud telephony services market size is expected to reach $60.77 Bn by 2028 at a rate of 17.5%, segmented as by network, public switched telephone networks (pstns), voice over internet protocol (voip)<br>
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Cloud Telephony Services Global Market Report 2024 Global Forecast 2024 – 2033 Market Size, Drivers, And Trends Top Market Research Firm 2023! We are honored to be listed as a top company at the forefront of research, by the Business Management Review © The Business Research Company. All Rights Reserved.
Cloud Telephony Services Market Segments The Business Research Company segments the cloud telephony services market segments market report as: Public Switched Telephone Networks (PSTNs), Voice Over Internet Protocol (VoIP) By Source By Technology By Deployment Cloud, Hosted By Form Type Small And Medium Enterprises (SMEs), Large Enterprises By Application By Enterprise Conferencing, Multi-Level Ivr, Sales And Marketing, Customer Relationship Management (CRM) . By Application By End User Industry . Telecom And IT, Banking, Financial Services And Insurance (BFSI), Government, Health Care, Media And Entertainment, Education, Retail, Other End User Industries . © The Business Research Company. All Rights Reserved.
Market Statistics The cloud telephony services market size has grown rapidly in recent years. It will grow from $27.20 billion in 2023 to $31.88 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%. The growth in the historic period can be attributed to Increasing demand for flexible communication solutions, rise of artificial intelligence and automation, demand for real- time analytics and reporting, growth of small and medium-sized enterprises (SMES), evolution of WebRTC (web real-time communication).The cloud telephony services market size is expected to see rapid growth in the next few years. It will grow to $60.77 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%. $60.77 B $31.88 B $27.20 B Click Here To Get A Sample Report © The Business Research Company. All Rights Reserved.
Key Market Drivers And Trends Drivers The increasing use of virtual phone numbers is expected to propel the growth of the cloud telephony service market going forward. Trends Major companies operating in the cloud telephony service market focus on providing cloud phone services to new locations to deliver communication services. Region North America was the largest region in the cloud telephony services market in 2023. © The Business Research Company. All Rights Reserved.
Top Players In The Market Major companies operating in the cloud telephony services market are Microsoft Corporation, Cisco Systems Inc., Singapore Telecommunications Limited, EPAM Systems, Inc, Zoom Video Communications Inc., Twilio Inc., Avaya Inc., RingCentral Inc., Genesys Telecommunications Laboratories Inc., Vonage Holdings Corp., Mitel Networks Corporation, Five9 Inc., 8x8 Inc., VOXX International, Freshworks Inc., Kaleyra Inc., Fuze Inc., Nextiva Inc., Redcentric plc., Jive Communications Inc., Dialpad Inc., Talkdesk Inc., Telnyx LLC, Plivo Inc., Flowroute Inc. Get More Information On The Market Report © The Business Research Company. All Rights Reserved.
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