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Cloud Communication Platform Market Share

ID: MRFR//2094-CR | 123 Pages | Author: Ankit Gupta| April 2019

Introduction: Navigating the Competitive Landscape of Cloud Communication Platforms

The competition in the cloud communication platform is influenced by the speed of technological progress, by the regulatory framework, and by the increasing demand for continuous connection. The major players in this market are the original equipment manufacturers, IT service companies, and the Internet of Things (IoT) operators. They compete in this market with their own technological capabilities, such as machine learning, automation, and IoT. These technological capabilities not only enhance the experience for users but also improve operational efficiency, and therefore the position of the player in the market. The increasing demand for green solutions is also a consequence of the growing focus on green technology and sustainable practices. The cloud communication platform is a rapidly growing market in the long term. It is particularly growing in Asia-Pacific and Latin America, where strategic deployment is based on local market trends. Strategic understanding of the competition is crucial for strategic planners and C-level executives in 2024โ€“25.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions that integrate various communication services into a single platform.

VendorCompetitive EdgeSolution FocusRegional Focus
Mitel Networks Corporation Strong legacy in unified communications Unified communications and collaboration North America, Europe
Avaya Inc. Robust enterprise communication solutions Contact center and unified communications Global
Cisco Systems Inc. Market leader in networking and collaboration Collaboration and security solutions Global
Vonage Holdings Corp. Flexible API-driven communication solutions Cloud communications and APIs North America, Europe

Specialized Technology Vendors

These vendors focus on niche technologies or specific aspects of cloud communication, providing tailored solutions.

VendorCompetitive EdgeSolution FocusRegional Focus
Twilio Inc. Developer-friendly communication APIs Cloud communications APIs Global
Telestax Open-source CPaaS solutions Communications Platform as a Service (CPaaS) Global
Masergy Managed network and security services Managed communication services North America, Europe

Infrastructure & Equipment Providers

These vendors provide the underlying infrastructure and equipment necessary for cloud communication solutions.

VendorCompetitive EdgeSolution FocusRegional Focus
Nokia Strong telecom infrastructure expertise Telecom infrastructure and services Global
West Corporation Comprehensive communication solutions Communication and network services North America
NetFortris Focus on secure cloud communications Cloud-based communication solutions North America

Emerging Players & Regional Champions

  • Twilio (USA): Offers a wide range of APIs for communication by chat, voice and video. It has recently teamed up with the major e-commerce platforms to improve customer engagement. Twilio competes with the major players by offering flexible, developer-friendly solutions that allow companies to customise their communications.
  • Vonage (US): a provider of unified communications and contact center solutions, has recently won a number of contracts with hospitals to improve patient communication. Vonage competes with established vendors by integrating with existing systems and offering attractive prices.
  • The company provides a comprehensive cloud-based communication and collaboration platform. It has recently implemented solutions for large financial institutions. It is a direct challenger to the traditional telecommunications industry.
  • Zadarma (Europe): Specializes in VoIP services and cloud telephony, recently expanded its services in Eastern Europe, targeting SMEs. Zadarma complements established vendors by offering cost-effective solutions tailored for smaller businesses.
  • 8x8 (USA): Known for its cloud-based voice and video solutions, recently launched a new AI-driven analytics tool for customer interactions. 8x8 challenges established players by leveraging AI to enhance user experience and operational efficiency.

Regional Trends: In 2024, the adoption of cloud communication platforms in all regions is remarkable, especially in North America and Europe. Companies are increasingly looking for solutions that combine voice, video and messaging. Artificial intelligence and machine learning are also used to improve customer interactions and operational efficiency. New players are focusing on specific needs and niche markets, which makes them compete effectively with established players.

Collaborations & M&A Movements

  • Twilio and Salesforce announced a partnership to integrate Twilio's communication APIs into Salesforce's Customer 360 platform, aiming to enhance customer engagement and streamline communication workflows.
  • RingCentral acquired the cloud-based contact center provider, Aircall, to expand its offerings and strengthen its position in the competitive cloud communication market.
  • Vonage and Microsoft entered into a collaboration to integrate Vonage's communication services with Microsoft Teams, enhancing collaboration tools for enterprise customers.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Biometric Self-Boarding VeriFly, Clear VeriFly has implemented biometric self-boarding solutions in major airports, enhancing passenger flow and reducing wait times. Clear's unique strength lies in its extensive partnerships with airlines and airports, facilitating widespread adoption.
AI-Powered Ops Mgmt Twilio, RingCentral Twilio's machine learning-based analytics tools have been adopted by many enterprises to optimize their communication processes. RingCentral has incorporated machine learning into its customer service, and its response times and customer satisfaction have improved.
Border Control NEC, Gemalto NEC's biometric border control systems are deployed in various countries, showcasing high accuracy and efficiency. Gemalto's solutions are recognized for their robust security features, making them a preferred choice for government contracts.
Sustainability Microsoft Teams, Zoom Microsoft Teams has committed to sustainability by optimizing data center energy use, while Zoom's initiatives in reducing carbon footprints through virtual meetings have gained traction among environmentally conscious organizations.
Passenger Experience Airbnb, Expedia Airbnb's focus on personalized customer experiences through AI recommendations has set a benchmark in the industry. Expedia's integration of real-time communication tools enhances traveler support, significantly improving overall satisfaction.

Conclusion: Navigating the Cloud Communication Landscape

The Cloud Communication Platform market in 2024 will be highly competitive and fragmented, with a large number of legacy and new players competing for market share. The growing demand for localized solutions will force vendors to tailor their offerings to local market requirements. The established players are able to build on their brand equity and customer base to establish their market positions, while the new entrants are able to differentiate themselves with new offerings and capabilities, such as automation, artificial intelligence, and sustainable development. The ability to offer flexible and scalable solutions will be key to establishing leadership in this market. In order to stay ahead of the competition, vendors will need to focus on developing newer and more sustainable solutions to meet changing customer needs.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2022
Historical Data 2018- 2022
Forecast Period 2023-2032
Growth Rate 19.82% (2023-2032)
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