South America Cloud Communication Platform Market Growth and Forecast by 2028

The cloud communication platform market in SAM is expected to grow from US$ 268.89 million in 2021 to US$ 1,113.90 million by 2028; it is estimated to grow at a CAGR of 22.5% from 2021 to 2028.

Brazil and Argentina are major economies in SAM. Development of cloud-based IoT platform is the major factor driving the growth of the SAM cloud communication platform market. Cloud IoT platforms facilitate stable and secured communication between devices and IoT platform. The cloud IoT platform provides several security features that ensure individual device security. It further offers data storage and processing capabilities, which permit the combination of APIs and other Cloud services. With the integration of IoT platforms with cloud communication platforms, various advantages are offered such as maintains the hundreds of millions of devices, permits millions of devices to communicate with the IoT Platform at the same time, and guarantees availability and more accuracy. Further, IoT envisages the overall merging of several things while utilizing the internet as the backbone of the communication system to establish a smart interaction between people and surrounding objects. Cloud, being the crucial component of IoT, provides valuable application-specific services in many applications domains

In SAM, Brazil recorded the highest number of COVID-19 confirmed cases, followed by Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people by controlling the spread of the novel coronavirus across the region through lockdowns, trade bans, and travel restrictions. Therefore, to operate businesses appropriately amid the COVID-19 pandemic, the companies are adopting advanced technologies. South American countries such as Brazil, Chile, and Uruguay are most likely to magnify their remote work policy to curb the virus spread. This aspect is expected to boost the adoption of cloud-based platforms across the region in the coming years.

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 SAM cloud communication platform market. The SAM cloud communication platform market is expected to grow at a good CAGR during the forecast period.

SAM Cloud Communication Platform Market Segmentation

SAM Cloud Communication Platform Market – By Component

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

SAM Cloud Communication Platform Market – By Enterprise Size

• SMEs
• Large Enterprises

SAM Cloud Communication Platform Market – By Industry

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

SAM Cloud Communication Platform Market, by Country

• Brazil
• Argentina
• Rest of SAM

SAM Cloud Communication Platform Market - Companies Mentioned

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

South America Cloud Communication Platform Report Scope