What is cloud telephony?

Cloud telephony is a technology that enables voice and data communication over the internet, eliminating the need for traditional telephone lines. It allows businesses to make and receive calls using virtual phone numbers and hosted PBX systems.

How big is Cloud Telephony Service Market?

The Global Cloud Telephony Service Market size is expected to be worth around USD 52.3 Billion by 2033, from USD 22.2 Billion in 2023, growing at a CAGR of 8.9% during the forecast period from 2024 to 2033.

Who are the prominent players operating in the Cloud Telephony Service market?

8x8 Inc., AVOXI Inc., Cisco Systems Inc., Dialpad Inc., Exotel Techcom Pvt. Ltd., Go 2 Market India Pvt. Ltd., LeadNXT, Nextiva, NFON AG, Tripudio Ltd., Other Key Players

Which are the driving factors of the Cloud Telephony Service market?

The driving factors of the Cloud Telephony Service market include increasing adoption of cloud-based solutions, demand for cost-effective communication systems, rise of remote work, and advancements in technology like AI and automation.

Which region has the biggest share in Cloud Telephony Service Market?

In 2023, North America held a dominant market position in the cloud telephony service market, capturing more than a 35% share.

Global Cloud Telephony Service Market By Deployment (Hosted, Cloud), By Enterprise Size (Small & Medium Enterprise (SMEs), Large Enterprises), By Network (Public Switched Telephone Networks (PSTNs), Voice over Internet Protocol (VoIP)), By Application (Conferencing, Multi-level IVR, Sales & Marketing, Customer Relationship Management (CRM)), By Industrial Vertical (BFSI, Education, Government, Healthcare, Media & Entertainment, Retail, Telecom & IT, Other Industry Verticals), Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: May 2024
Report ID: 119704
Number of Pages: 252
Format:

- 8x8 Inc.
- AVOXI Inc.
- Cisco Systems Inc.
- Dialpad Inc.
- Exotel Techcom Pvt. Ltd.
- Go 2 Market India Pvt. Ltd.
- LeadNXT
- Nextiva
- NFON AG
- Tripudio Ltd.
- Other Key Players