Europe Cloud Communication Platform Market Key Companies and SWOT Analysis by 2028

The cloud communication platform market in Europe is expected to grow from US$ 1,239.83 million in 2021 to US$ 6,221.16 million by 2028; it is estimated to grow at a CAGR of 25.9% from 2021 to 2028.

France, Germany, Italy, Russia, and UK are major economies in Europe. Cloud communication platform solutions are being cost-effective is the major factor driving the growth of the Europe cloud communication platform market. Cloud communication platforms are efficient and cost-effective due to which organizations are training their sights on cloud telephony solutions. These platforms do not require any investment in the entire setup replete with several types of equipment as they are adaptable to emerging communication functionalities. A private branch exchange (PBX), a phone communication used within an organization. With cloud communication platforms, the PBX can be facilitated on a cloud at a lower cost. Various large enterprises and SMEs are choosing cloud communication platforms to leverage cost-effectiveness and higher working efficiency benefits delivered by them. Moreover, these cloud communication platforms require no capital infrastructure costs, transparent pay-as-you-go subscriptions and maintenance and system management included which is an added advantage for the cloud communication platforms.

Russia, the UK, Spain, Italy, Germany, Turkey, and France are a few of the major countries that are adversely affected due to COVID-19 outbreak. Europe is a major industrial hub for several industrial sectors, such as IT & telecom, automotive, healthcare, aerospace & defense, energy & power, and manufacturing. Due to COVID-19 outbreak, the governments in European countries have imposed complete lockdown in various areas for multiple weeks, which affected the business activities in these countries. Hence, due to business lockdowns, travel bans, and supply chain disruptions, the economies and industries across European countries witnessed decline in the growth in past few months. Hence, the need for efficient remote working solutions and cloud-based solutions for communication to stabilize the growth of various businesses is growing at a fast pace across various countries, such as the UK, Sweden, Netherlands, Finland, Germany, and France.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe cloud communication platform market. The Europe cloud communication platform market is expected to grow at a good CAGR during the forecast period.

Europe Cloud Communication Platform Market Segmentation

Europe Cloud Communication Platform Market – By Component

• Solutions
  • UCaaS
  • WebRTC
  • IVR
  • VoIP
  • API
• Services
  • Training and Consulting
  • Support and Maintenance
  • Managed Services

Europe Cloud Communication Platform Market – By Enterprise Size

• SMEs
• Large Enterprises

Europe Cloud Communication Platform Market – By Industry

• BFSI
• IT & Telecom
• Healthcare
• Retail
• Government
• Education
• Others

Europe Cloud Communication Platform Market, by Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Europe Cloud Communication Platform Market - Companies Mentioned

• 8x8, Inc
• Avaya Inc.
• Cisco Systems, Inc.
• Intrado Corporation
• Plivo Inc.
• Telestax, Inc.
• Twilio Inc
• Vonage Holdings Corp.

Europe Cloud Communication Platform Report Scope