Global C-PaaS (Platform as a Service) Markets, 2016-2020 & 2021-2026: An Irresistible Tool to Achieve the Digital Transformation in Communication

DUBLIN, Oct. 5, 2021 /PRNewswire/ -- The "Global C-PaaS (Platform as a Service) Market - Analysis By End User, Type, Enterprise Size, By Region, By Country (2021 Edition): Market Insights and Forecast with Impact of COVID-19 (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

The Global C-PaaS (Platform as a Service) Market was valued at USD 4205.20 Million in the year 2020.

Communications Platform-as-a-Service (C-PaaS) has emerged as an irresistible tool to achieve the digital transformation in communication by providing real-time communication solution to deliver an omnichannel experience.

Businesses across industries are deploying inventive C-PaaS solutions to fasten real-time communication features, i.e., voice, videos, and text within their platforms without having to additionally invest in backend infrastructure and interfaces.

Consumers are in the early innings of a technology-driven, decade long investment cycle centered on data-focused technologies like Artificial Intelligence, Machine Learning, Automation, Digitalization and Internet of Things.

The C-PaaS (Platform as a Service) Market is propelling by these factors. Greater adoption of work from home will likely drive increased demand for faster and more omnipresent broadband networks by consumers and C-PaaS providers.

The pandemic has had a positive impact on the C-PaaS market growth. The major reason for the positive impact on the market is a rise in the demand for cloud-based business continuity tools and services, high dependency on public cloud services to meet their near-term business goals, and increased spending on cloud services by major industries due to COVID-19.

Even before COVID, customer engagement gave positioning and the way forward. It's a digital world, and people want better ways to engage and be engaged.

The major players operating in the C-PaaS (Platform as a Service) market include Sinch, 8x8, Inc., Slack Technologies, Inc., AGORA, INC., RingCentral, Inc., Twilio, Vonage Holdings Corp., Bandwidth Inc., Zoom Video Communications, Inc., Soprano Design, MessageBird.

These companies are providing affordable, efficient with new technology and C-PaaS services for many consumers in rural and urban area. These players have also acquired and collaborated with other players in the region for portfolio expansion and geographic penetration.

Key Topics Covered:

1. Report Scope and Methodology

2. Strategic Recommendations

3. C-PaaS (Platform as a Service) Market: Product Overview

4. Global C-PaaS (Platform as a Service) Market: An Analysis

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SOURCE Research and Markets

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