Global Cloud Telephony Service Market Growth (Status and Outlook) 2023-2029

Global Cloud Telephony Service Market Growth (Status and Outlook) 2023-2029
Cloud Telelphony is the communications technology where all communication devices and applications are hosted at the service provider’s premises. Any business interested in using these services do not need to install any software or buy any hardware to get the services started. The service can be an IVR, call center setup, call recording etc. These services can be started on a traditional phone, mobile or a computer system i.e. desktop, laptop or tablet.

LPI (LP Information)' newest research report, the “Cloud Telephony Service Industry Forecast” looks at past sales and reviews total world Cloud Telephony Service sales in 2022, providing a comprehensive analysis by region and market sector of projected Cloud Telephony Service sales for 2023 through 2029. With Cloud Telephony Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cloud Telephony Service industry.

This Insight Report provides a comprehensive analysis of the global Cloud Telephony Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cloud Telephony Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Cloud Telephony Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cloud Telephony Service and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cloud Telephony Service.

The global Cloud Telephony Service market size is projected to grow from US$ 13420 million in 2022 to US$ 26420 million in 2029; it is expected to grow at a CAGR of 10.2% from 2023 to 2029.

United States market for Cloud Telephony Service is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Cloud Telephony Service is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Cloud Telephony Service is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Cloud Telephony Service players cover 8x8, AVOXI, BroadSoft, Cisco, DIALPAD, Exotel, Go 2 Market, Knowlarity and Lead NXT, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Cloud Telephony Service market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Cloud
Hosted

Segmentation by application
SMEs
Large Enterprises

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
8x8
AVOXI
BroadSoft
Cisco
DIALPAD
Exotel
Go 2 Market
Knowlarity
Lead NXT
Megapath
Microsoft
Mitel
Natterbox
NetFortis
Nextiva
NFON
NovaCloud
NTT Communications
PortaOne
Redcentric
RingCentral
Singtel
Solutions Infini
Telviva
Tripudio
VoIPStudio
Intermedia
Vox

Please note: The report will take approximately 2 business days to prepare and deliver.