Cloud Communication Platform Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Cloud Communication Platform Market Analysis and it is segmented by Component (Solution and Service), Deployment Type (Public Cloud Services, Private Cloud Services, and Hybrid Cloud Services), Industry Vertical (BFSI, Healthcare, IT and Telecommunication, Retail, Government, and Other Industry Verticals), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Cloud Communication Platform Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Cloud Communication Platform Industry Overview

The Cloud Communication Platform Market is highly competitive and is characterized by a number of vendors offering comprehensive cloud communication solutions. Market players are actively concentrating on extending their product range and service area. In order to deliver application-specific services across industries, companies emphasize innovation and R&D. Major players in the cloud communication platform market include Cisco System Inc., Twilio Inc., 8x8 Inc., Avaya Inc., and NetFortris Inc.

In February 2022, the Radisys Engage Digital Platform was made available by Radisys Corporation, a global supplier of open telecom solutions (EDP). It is an open cloud communication platform that helps usher in a new generation of programmable communications, including video-based customer care, conversational AI applications, Industry 5.0 applications, and hyper-personalized social engagements that enable human-machine cooperation. The platform enables service providers to easily and profitably design products to meet the needs and expectations of diverse corporate and consumer sectors.

In April 2022, Lumen, a service provider, selected Alianza's cloud communication technology to enhance its phone services. The Alianza platform is designed for service providers and can be integrated with telecom operators. Lumen believes the platform complements its core voice offerings and client demands and will provide an attractive new migration alternative for legacy phone service customers.

Cloud Communication Platform Market Leaders

  1. Cisco System, Inc.

  2. Twilio Inc.

  3. 8x8, Inc.

  4. Avaya Inc.

  5. NetFortris, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Cloud Communication Platform Market Concentration