Global Cloud Telephony Service Market to Reach $65.3 Billion by 2030
The global market for Cloud Telephony Service estimated at US$18.7 Billion in the year 2022, is projected to reach a revised size of US$65.3 Billion by 2030, growing at a CAGR of 16.9% over the analysis period 2022-2030. Small & Medium Enterprises (SMEs), one of the segments analyzed in the report, is projected to record 18.2% CAGR and reach US$23.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Large Enterprises segment is readjusted to a revised 16.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.7 Billion, While China is Forecast to Grow at 16% CAGR
The Cloud Telephony Service market in the U.S. is estimated at US$5.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.9 Billion by the year 2030 trailing a CAGR of 16% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.1% and 14.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR.Select Competitors (Total 33 Featured) -
- x, Inc.
- 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
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- x, Inc.
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 269 |
Published | March 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 18.7 Billion |
Forecasted Market Value ( USD | $ 65.3 Billion |
Compound Annual Growth Rate | 16.9% |
Regions Covered | Global |