Juniper Research: CPaaS Market to Reach $29 Billion Globally by 2025, with Growth Driven by SME Sector

Juniper Research: CPaaS Market to Reach $29 Billion Globally by 2025, with Growth Driven by SME Sector

BASINGSTOKE, England–()–A brand new examine from Juniper Research has discovered the worth of the CPaaS (Communications Platform-as-a-Service) market will attain $29 billion globally by 2025; rising from $16 billion in 2022. To capitalise on this substantial progress of 80% over the following three years, the report, CPaaS: Market Outlook, Emerging Opportunities & Forecasts 2023-2027, urges CPaaS distributors to deal with the event of managed companies over their platforms. These companies should allow the creation and administration of wealthy media content material over channels equivalent to OTT enterprise messaging, e mail and social media.

For extra insights, obtain our free whitepaper, Moving Beyond SMS: How CPaaS Will Evolve in 2023

Onboarding SMEs Is Key to Growth in 2023

As markets change into more and more saturated with CPaaS service provision, CPaaS distributors should develop deeper into the SME (Small-to-Medium Enterprise) sector. In addition, the report predicts CPaaS distributors will additional deal with the supply of value-added options that allow platform customers to totally maximise the advantages of wealthy media channels although the inclusion of instruments, together with workflow builders and AI-based chatbot options.

Research creator Sam Barker commented: “CPaaS distributors now compete on the capabilities of managed companies to entice SMEs. As many of those smaller enterprises lack in-house growth services, they’ll select the CPaaS platform that gives essentially the most complete managed companies for wealthy media channels.”

Emerging Channels to Disrupt CPaaS in 2023

SMS has traditionally been the cornerstone of CPaaS income. The report predicts SMS site visitors income will nonetheless account for over 50% of all CPaaS income by 2025; owing to its established reliability in termination for site visitors equivalent to MFA (Multi-factor Authentication).

However, the report forecasts that wealthy media channels, equivalent to e mail and social media, will proceed to develop, and account for over $10 billion of income by 2025; representing over 40% of the CPaaS market worth. As a end result, platforms that fail to embrace managed companies for wealthy media companies of their three-year plans danger lacking out on the substantial progress predicted for the CPaaS market.

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Juniper Research supplies analysis and analytical companies to the worldwide hi-tech communications sector; offering consultancy, analyst stories and trade commentary.