Cloud Telephony VoIP Based Service Demand is High as Increased Scalability and Multitasking are Key Benefits
As of FY 2021, the market value of the worldwide cloud telephony services sector stood at US$ 17.7 billion. The market is anticipated to grow by around 17% year over year and reach US$ 20.7 billion in 2022. The market is anticipated to start moving in the right direction between 2022 and 2032, achieving a CAGR of 9.5% to reach US$ 51.5 billion.
Cloud Telephony Services market global study’s goal is to offer trustworthy and practical industry information and statistics on the domestic and global markets, assisting market leaders, investors, small businesses, and others in gaining global market intelligence.
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Why VoIP-based Cloud Telephony is highly preferred?
Cloud telephony solutions based on voice-over-internet protocol (VoIP) are anticipated to be the most popular, growing at a value CAGR of 14.3% from 2022 to 2032. The high need for smooth calling experiences is anticipated to fuel market expansion.
VoIP drastically lowers business expenses; according to several businesses, call prices have fallen from as high as $50 to about $20 per line. Additionally, businesses can reduce ongoing costs like taxes, maintenance, and repair fees by using a VoIP service. With a VoIP system, you may avoid investing in costly hardware or a dedicated line as your business expands. VoIP enables the sending of documents, pictures, and videos in addition to regular phone conversations and conversational interaction.
Key Companies Profiled
- 8×8 Inc.
- AVOXI
- BroadSoft Inc.
- Cisco Systems Inc.
- Dialpad
- Exotel Techcom Pvt. Ltd.
- Knowlarity Communications Pvt. Ltd.
- Go2Market India Pvt. Ltd
- LeadNXT
- MegaPath (Fusion Connect)
- Microsoft Corporation
- Mitel Networks Corporation
- Natterbox Ltd.
- NetFortris
- Nextiva
- NFON AG
- NovaCloud (Pty) Ltd.
- NTT Communications
- PortaOne
- Redcentric Plc.
- RingCentral Inc.
- Singapore Telecommunications Limited (SingTel)
- Solutions Infini (Kaleyra)
- Telviva
- Tripudio Telecom Ltd.
- VoIPStudio
- Vonage Intermedia.net Inc.
- Vox Telecom
In order to help market leaders, investors, small businesses, and others gain insight into the global market, Cloud Telephony Services market global report offers reliable and useful industry information and statistics on the domestic and international markets.
Participants in the market are provided with the knowledge they need to make vitally important decisions, such as market expansion and foreign market investment, thanks to the study. The study makes predictions about upcoming business, political, and economic trends and developments that may have an impact on how they behave on a national and international level.
What are the key benefits of this Cloud Telephony Services market research report?
- The report does a CAGR computation and covering regulatory updates, best market practices, and new trends in the market.
- The report does international Cloud Telephony Services market analysis providing economic forecasts and country wise intelligence, risks forecast, and more.
- The report provides domestic as well as international planning in terms of business expansion and investments.
- The report suggests strategies to the key participants that to enable them expand in their business in existing or new international markets.
- The report is the overall outlook of the global industry economy.
- The report covers all the topics in the Cloud Telephony Services market to accurately predict the changes political, economic, and business issues and trends that may drive the market in future.
All market-related issues, markets, and concepts are included in the study. In addition to discussing concerns related to the selected markets, the study also addresses the multinational businesses that have recently dominated the Cloud Telephony Services industry.
The analysis comprises statistical data presented as graphs that indicate the state of the industry on both domestic and international markets. The research’s conclusions are supported by global industry experts and analysts as well as market risks and opportunities.
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The significance of Cloud Telephony Services research, which use a variety of data collection techniques and seeks to understand consumer preferences, geographic markets, and segmentation that may give an advantage over other organisations, has increased in recent years. The information and data gathered throughout the research are typically extensive and complex.
However, utilising tried-and-true methodology and procedures, these complex industry insights are simplified for the market study’s target users. Businesses can choose from a variety of solutions with the aid of estimates of CAGR values, market drivers, and market constraints. After speaking with an expert, the process of creating a market report is started using a few phases or the combination of many techniques.
Cloud Telephony Services Market: Segmentation
- By Deployment
- Hosted Cloud Telephony Services
- Cloud Telephony Services
- By Enterprise Size
- Cloud Telephony Services for SMEs
- Cloud Telephony Services for Large Enterprises
- By Network
- Cloud Public Switched Telephone Networks (PSTNs)
- Cloud Telephony Voice-over-Internet Protocol (VOIP) Service Network
- Cloud Telephony Services by Application
- Cloud Telephony Services for Conferencing
- Cloud Telephony Services for Multi-level IVR
- Cloud Telephony Services for Sales & Marketing
- Cloud Telephony Services for Customer Relationship Management (CRM)
- Cloud Telephony Services for Other Applications
- By Industry
- Cloud Telephony Services in BFSI
- Cloud Telephony Services in Education
- Cloud Telephony Services in Government
- Cloud Telephony Services in Healthcare
- Cloud Telephony Services in Media & Entertainment
- Cloud Telephony Services in Retail
- Cloud Telephony Services in Telecom & IT
- Cloud Telephony Services in Other Industries
- By Region
- North America
- Europe
- Resto of the World
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The key business strategies discussed in this market research revolve around-
- Which are the key business segments in the global industry?
- What are the important elements used to study the business intelligence of the market?
- What is the market value of the dominant firms operating in the Cloud Telephony Services industry?
- What are the distribution networks, domestic & international traders, vendors, sellers of the individual segments in the industry?
- What are the entry barriers and expansion barriers globally in the business?
- What are the trends in the market, growth possibilities, investment risks in the worldwide Cloud Telephony Services market?
- What are the prospect opportunities and industry investment chances in the market?
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