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$13.5 Billion Worldwide Cloud Telephony Service Industry to 2027 - Impact of COVID-19 on the Market

Research and Markets
·3-min read

Dublin, Oct. 14, 2020 (GLOBE NEWSWIRE) -- The "Cloud Telephony Service - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 8th edition of this report. The 149-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Cloud Telephony Service Market to Reach $40 Billion by 2027

Amid the COVID-19 crisis, the global market for Cloud Telephony Service estimated at US$13.5 Billion in the year 2020, is projected to reach a revised size of US$40 Billion by 2027, growing at a CAGR of 16.8% over the period 2020-2027.

Small & Medium Enterprises (SMEs), one of the segments analyzed in the report, is projected to record 18.1% CAGR and reach US$14.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Large Enterprises segment is readjusted to a revised 16.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 16.2% CAGR

The Cloud Telephony Service market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2027 trailing a CAGR of 16.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.1% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR.

Competitors identified in this market include, among others:

  • AVOXI, Inc.

  • Broadsoft

  • Cisco Systems, Inc.

  • Dialpad

  • Exotel Techcom Pvt., Ltd.

  • go2market India Pvt. Ltd.

  • Knowlarity Communications Pvt. Ltd.

  • LeadNXT

  • MegaPath

  • Microsoft Corporation

  • Mitel Networks Corporation

  • Natterbox Ltd.

  • NetFortis

  • Nextiva, Inc.

  • NFON AG

  • NovaCloud Pty Ltd

  • NTT Communications Corporation

  • PortaOne, Inc.

  • Redcentric PLC

  • RingCentral, Inc.

  • Singapore Telecommunications Limited (Singtel)

  • Telviva

  • Tripudio Ltd.

  • VoIPStudio

  • Vox Telecom

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Cloud Telephony Service Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/jqi8au

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900