Asia-Pacific Communication Platform as a Service (CPaaS) Market Overview and Insights:
According to MarkNtel Advisors Report, the Asia Pacific (APAC) Communication Platform as a Service (CPaaS) Market is projected to grow at a 33.39% CAGR during the forecast period, i.e., 2022-27.
Asia-Pacific Communication Platform as a Service (CPaaS) Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2017-20
- Base Year: 2021
- Forecast Period: 2022-2027
What are the major challenges facing the Asia-Pacific Communication Platform as a Service (CPaaS) Market?
Owing to the various advantages of CPaaS such as improved organization productivity, integration of third-party apps, etc., have encouraged various enterprises to shift from on-premise communications to cloud-based platforms & APIs. However, the use of APIs could possess several challenges, as open APIs could leave the data of enterprises exposed, which could lead to unwanted access of the data.
When the credentials are stolen, the API abuse also becomes a major challenge for the enterprises, as the abuse could even risk the safety of the company budget depending upon the stolen credential's level of access. Hence, choosing an API vendor with poor security could risk the security of the enterprise data.
The wireless internet & mobile apps developers prefe native communication capabilities that could be easily integrated into their platform. The CPaaS allows the enterprises to integrate native communication capabilities with simple API interactions that help developers deploy & customize the services according to their need.
Moreover, as the API security depends upon the security of the CPaaS platform, the codes written by the developers require to have best security practices, including authentication, and the implementation of API, to match the specifications. Hence, poor implementation, could also make the data security vulnerable. Thus, data security is a major concern in the implementation of CPaaS..
Who are the Key Players Operating in the Asia-Pacific Communication Platform as a Service (CPaaS) Industry?
The top companies of the Asia-Pacific Communication Platform as a Service (CPaaS) market ruling the industry are:
- Twilio
- Vonage (Ericson)
- Sinch
- Tanla Platforms
- Route Mobile
- Telestax
- Syniverse
- RingCentral
- Others
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What is Included in Asia-Pacific Communication Platform as a Service (CPaaS) Market Segmentation?
The report has segmented the market into the following categories:
By Services
- Professional Services
- Integration & Implementation
- Technical support
- Consulting
- Support & Maintenance
- Others
- Managed Services
- Hosting services
- Managed communication services
- Others
By Enterprise Size
- Small & Medium Scale Enterprise
- Large Scale Enterprise
In 2021, large enterprises completely dominated the market, owing to their large customer base, extensive investment spectrum, and greater urge to integrate disruptive technologies to streamline their operational activities. The large enterprises in Banking & Financial Services, IT & ITeS, E-Commerce, etc., are increasingly planning to leverage API-enabled CPaaS as a strategic skillset to boost their digital competitiveness.
By End User
- Healthcare
- E-commerce & Retail
- IT & Telecom
- BFSI
- Hospitality
- Others (Media & Entertainment, Manufacturing, etc.)
By Country
- China
- India
- Japan
- South Korea
- ANZ Region
- ASEAN Region
- Others
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the Asia-Pacific Communication Platform as a Service (CPaaS) industry been evolving in terms of geography & adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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