DUBLIN--(BUSINESS WIRE)--The "Japan Cloud Communication Platform Market Size & Forecasting to 2030" report has been added to ResearchAndMarkets.com's offering.

The expanding trend of bring-your-own-device (BYOD), which emphasizes giving flexible work options, is having a positive impact on the market. With their improved offerings compared to typical alternatives, these platforms are demonstrating rapid growth.

Furthermore, as developers address some of the significant security and privacy vulnerabilities currently connected with such platforms, they may gain in popularity.

Cloud communication solutions outperform traditional communication frameworks in terms of value and flexibility. The platforms include new innovations into a single application, obviating the need to coordinate distinct vendors' administrations. Communication has progressed in recent years from standalone voice communications to video calls and VoIP. Web real-time communication is facilitated by cloud communication, which enables audio and video chatting as well as file sharing among browsers without the use of external plugins. These are mostly utilised in BFSI, healthcare, telecommunications and information technology, government, retail, and other industries.

The Cloud Communication Platform market in Japan accounted for a market value of USD 509.1 Million in 2020 and is projected to grow at a CAGR of 24.6% during the forecast period. Traditional communication methods' value and rigidity are overcome by cloud communication platforms. The platforms combine developing technologies into a single application, saving the time and effort required to integrate multiple services from several providers. This frequently boosts market growth. Furthermore, in recent years, communication has progressed from isolated audio calls to video calls and VoIP. Cloud communication platforms can effectively manage these advanced communications.

This research report categorizes the market for Japan cloud communication platform based on various segments and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the cloud communication platform market.

Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the cloud communication platform market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub segments of the cloud communication platform market.

Based on Component, Japan Cloud Communication Platform market is segmented into Solutions, and Services. Among these, Solutions accounted for the largest market share in 2020 and is projected to grow at a CAGR of 22.7% during the forecast period. Services was the second-largest market in 2020.

Based on Organization Size, Japan Cloud Communication Platform market is segmented into small- and medium-sized enterprises, and large enterprises. Large Enterprises accounted for the largest market share in 2020 and is projected to grow at a CAGR of 22.9% during the forecast period.

Based on vertical, Japan cloud communication platform market is segmented into banking financial services and insurance, healthcare, IT & Telecommunication, government, retail, travel and hospitality, education, manufacturing, and others. IT & Telecommunication vertical accounted for the largest market share in 2020 and is projected to grow at a CAGR of 24.1% during the forecast period.

Key Topics Covered:

1. Market Abstract

2. Market Introduction

2.1 Market Scope

3. Research Practice

4. Key Related Data

4.1 Competitive Positioning

4.2 Overview of Japan Cloud Communication Platform Market

4.3 Major Investments in Last Five Years by Global Players

4.4 Key Industry Trends

4.5 Regulatory Framework Analysis

4.6 Technological Advancement

4.7 Covid- 19 Impact on Cloud Communication Platform Market

5. Impact Factor Analysis

5.1 Drivers, Restraints, Opportunities, Challenges Analysis

5.1.1 Drivers

5.1.1.1 Increased Savings and Workforce Productivity Drives the Japan Cloud Communication Platform Market

5.1.1.2 Increasing Demand for BYOD

5.1.2 Restraints

5.1.2.1 Data Privacy and Information Security Concerns Associated With Cloud Solutions to Impede Growth

5.1.2.2 Regulatory and Compliance Policy Requirements Must Be Managed

5.1.3 Opportunities

5.1.3.1 High Adoption Rate in Large Enterprises

5.1.3.2 Increase in Adoption of Hybrid Cloud Hybrid Cloud Communications

5.1.4 Challenges

5.1.4.1 Data Security and Data Privacy

5.1.4.2 Costs for Cloud Communication

5.2 Porter's Five Force Model

6. Market Development Analysis

6.1 Overview

6.2 Mergers and Acquisitions (2015-2021)

6.3 Expansions (2015-2021)

7. Japan Cloud Communication Platform Market, by Component

8. Japan Cloud Communication Platform Market, by Organization Size

9. Japan Cloud Communication Platform Market, by Vertical

10. Company Profiles

• Cisco System Inc.
• 8X8 Inc.
• Avaya Inc.
• Twilio Inc.
• Netfortris Inc.
• West Ip Communications Inc.
• Telestax Inc.
• Plivo Inc.
• Callfire
• Nexmo Inc.
• IBM Corporation
• Alcatel-Lucent
• Mitel Networks Corporation
• Genesys Telecommunications Laboratories Inc.
• Intelepeer

For more information about this report visit https://www.researchandmarkets.com/r/r3it3r

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