Communication Platform-as-a-Service (CPaaS) Market to grow by USD 10.19 billion between 2021 - 2026 | Growth Driven by streamlined application management - Technavio
NEW YORK, Sept. 15, 2023 /PRNewswire/ -- The Communication Platform-as-a-Service (CPaaS) Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the communication platform-as-a-service (CPaaS) market between 2021 and 2026 is USD 10.19 billion. Streamlined application management is driving market growth. The use of CPaaS is increasing, as this approach brings flexibility and efficiency, which are essential for driving business growth. Enterprises do not have to set up and maintain servers and upgrades, as they are handled by cloud-based service vendors. The CPaaS model helps manage all the applications from a central place by eliminating the concern of IT governance and enabling instant access to internal infrastructure. It simplifies the tasks of application developers by eliminating the need for time-consuming configuration tasks by offering a user-friendly plug-and-play interface. Such conveniences will drive the communication platform-as-a-service (CPaaS) market growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The communication platform-as-a-service (CPaaS) market is segmented by Component (Solutions and Services) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
Key Companies in the communication platform-as-a-service (CPaaS) market:
8x8 Inc., Alvaria Inc., Avaya Holdings Corp., Bandwidth Inc., Communication Wazo Inc., Infobip Ltd., IntelePeer, Iotum Inc., M800 Ltd., MessageBird BV, Mitel Networks Corp., Plivo Inc., Sinch AB, Telestax Inc., Twilio Inc., vCloudx Pte. Ltd., Vidyo Inc., Vonage Holdings Corp., Voximplant Inc., Voxvalley Technologies Pvt. Ltd.
The Latin America - banking-as-a-service (BaaS) market size is estimated to grow at a CAGR of 14.27% between 2022 and 2027. The market size is forecast to increase by USD 2,430.08 million.
The Test Environment as a Service (TEaaS) Market size is estimated to grow at a CAGR of 20.26% between 2022 and 2027. The market size is forecast to increase by USD 16,458.04 million.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Component
Market Segmentation by Geography
Drivers, Challenges, & Trends
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