Adoption of cloud telephony services in small and medium-sized enterprises (SMEs) is increasing mainly due to cost efficiency as well as limited capital investment required for deploying network systems as compared to traditional network services. The advancements in technology and addition of multiple features to IP phones have attracted business customers to migrate to IP networks.
Pune, India -- (SBWIRE) -- 04/17/2018 -- The Cloud Telephony Service Market to Grow steadily at a CAGR of +17% during the forecast period.
Increasing demand for enterprise mobility, mobile workforce, and multiple benefits offered by cloud telephony services are encouraging their higher adoption. In addition, rising penetration of mobile devices is boosting the global demand for cloud telephony services. Europe is anticipated to be a rapidly expanding region of the market, followed by Asia Pacific during the forecast period. Cloud telephony services are being increasingly adopted across different industry verticals around the globe. Increase in the implementation of IP networks, Internet bandwidths, and improvement in the quality of services offered by telecommunication providers are further contributing to the expansion of the cloud telephony services market.
The report on the global Cloud Telephony Service market is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. It compiles in-depth information and research methodologies. It is also combined with relevant charts and tables to enable readers to get a better perspective of this global market.
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Companies Profiled in this report includes, 8×8, AVOXI, BroadSoft, Cisco Systems, DIALPAD, Exotel Techcom, Go 2 Market India, Knowlarity Communications, LeadNXT, Megapath, Microsoft, Mitel Networks, Natterbox, NetFortis, Nextiva, NFON, NovaCloud Pty, NTT Communications, PortaOne, Redcentric, RingCentral, Singtel, Solutions Infini, Telviva, Tripudio, VoIPStudio, Vonage Intermedia.net, Vox Telecom.
The cloud telephony services market can be segmented based on deployment, enterprise size, network, application, industry, and region. There is high demand for cloud telephony services from multiple industry verticals including BFSI, telecom and IT, health care, retail, government, media & entertainment, education, and others (transportation and manufacturing). The IT and telecom segment held a prominent share in cloud telephony services market in 2017 and is also expected to show sustainable expansion during the forecast period. Rapid expansion of the BPO industry and fast growth in network services developments such as VoIP services and IP network have largely contributed to the penetration of cloud telephony services across different regions.
Detailed market data about these factors is estimated to help vendors take strategic decisions that can strengthen their positions in the market and lead to more effective and larger stake in the global Cloud Telephony Service market. Pricing and cost teardown analysis for products and service offerings of key players has also been undertaken for the study.
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The performance of the product and end-user segments of the Cloud Telephony Service market in each regional divisions has been explained in the report. Likewise, each provincial market's competitive analysis has been explained by providing data about the hierarchy among the leading players functioning in it. This helps provide a thorough granular analysis of the global market. The report also provides 2018-2025 forecasts for each product, end-user, and geographical segments of the global market.
The Global Cloud Telephony Service Market is a highly fragmented, niche market with the presence of a massive number of vendors. Providers in the market compete based on pricing, innovation, service, reputation, distribution, and promotion. As the market is still in its development stage, small vendors with innovative solutions have the chances of being acquired by large players in the market.
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Table of Contents
Global Cloud Telephony Service Market Research Report 2018
Chapter 1 Global Cloud Telephony Service Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast