Global Communication Platform- As-A-Service (CPaaS) Market: Regional Insights
The global communication platform-as-a-service (CPaaS) market is geographically segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
North America is expected to gain a dominating share in the global communication platform-as-a-service (CPaaS) over the forecast period. The region is experiencing recent rise in mobility, and significant growth in penetration of smart mobiles devices, owing to consumerization of IT. Along with this, the demand for user-friendly and cost-effective browser-based communication solutions is rapidly increasing in the region. This is leading to market players introducing unified and integrated CPaaS solutions across the region. Thus, these factors are expected to drive growth of the market in North America region.
Moreover, among remaining regions, Asia Pacific is also anticipated to witness substantial growth in the global communication platform-as-a-service (CPaaS) market over the forecast period. Due to the lucrative development of telecom sector and availability of large consumer base in the region, Asia Pacific is witnessing strong growth in the market. Furthermore, the investment in 5G services are rapidly increasing by countries such as Australia, China, Japan, India, South Korea, and Singapore. This in turn is projected to drive growth of the market in Asia Pacific.
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