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Home | Search Global IT News: IT News & Press Release Distribution: Cloud Communication Platform Market worth 4.45 Billion USD by 2021 (IT-NEWSWIRE.COM, May 31, 2017 ) The report "Cloud Communication Platform Market by Solution and Service (UCC/UCaaS, WebRTC, VoIP, IVR, API, Reporting and Analytics, and Training and Consulting, Support and Maintenance Service, and Managed Service) - Global Forecast to 2021", The cloud communication platform market is estimated to grow from USD 1.36 Billion by 2016 to USD 4.45 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 26.8% from 2016 to 2021. Download PDF Brochure- http://www.marketsandmarkets.com/pdfdownload.asp?id=227618526 Browse 69 market data Tables and 48 Figures spread through 164 Pages and in-depth TOC on "Cloud Communication Platform Market by Solution and Service (UCC/UCaaS, WebRTC, VoIP, IVR, API, Reporting and Analytics, and Training and Consulting, Support and Maintenance Service, and Managed Service) - Global Forecast to 2021" http://www.marketsandmarkets.com/Market-Reports/cloud-communication-platform-market-227618526.html Early buyers will receive 10% customization on reports. The tremendous growth of the Business Process Outsourcing (BPO) sector and its inclination towards cloud-based solutions and the significant requirements of business organizations for greater flexibility/scalability have provided immense opportunities to the cloud communication platform solution and service vendors, who cater the business organizations with advanced cloud communication platform solutions. “The reporting and analytics solution is expected to show a significant growth during the forecast period” The reporting and analytics solution is expected to grow at the highest CAGR and the Unified Communication and Collaboration (UCC/UCaaS) solution is expected to have the largest market share during the forecast period. The reporting and analytics solution helps in tracking the data related to the usage of calls and SMS delivery status, such as the time of the call, duration of the call, result of the call, confirmation of message delivery, explanation of delivery failure, and others. The UCC/UCaaS solution is expected to have the highest market share because it enables seamless and unparalleled communication among the employees irrespective of their location or device further eliminating the communication complexities. “Asia-Pacific (APAC) is expected to be the fastest-growing region in geographical segmentation of the cloud communication platform market.” Considering the regional analysis of the cloud communication platform market, North America is projected to hold the largest market share. The market in APAC is in the growth phase and is the fastest-growing region for the global cloud communication platform market. The key reason for the high growth rate in this region is the increasing demand for converged communications and product differentiation among the service providers. There are various companies that are coming up with innovative and efficient cloud communication platform solutions and services. The major vendors providing cloud communication platform solutions and services are 8x8, Inc.; Avaya, Inc.; Cisco Systems, Inc.; Twilio; NetFortris; Nexmo; West IP Communication; Telestax; Plivo; and CallFire. The scope of the report covers detailed information regarding the major factors influencing the growth of the cloud communication platform market, such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, partnerships, collaborations, expansions, and competitive landscape associated with the cloud communication platform market. Request For Sample Pages- http://www.marketsandmarkets.com/requestsample.asp?id=227618526 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". 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