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(Transportation-News.com, August 22, 2024 ) Cloud Telephony Service Market size was valued at USD 31.74 Bn. in 2023 and is expected to reach USD 76.07 Bn. by 2030, at a CAGR of 13.30%
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North America dominated the Cloud Telephony Service Market in 2023, and is expected to dominate the same in forecast period. The advanced telecommunications networks and strong technological infrastructure are some of the main driving forces behind North America Cloud Telephony Service Market. North America's regulatory environment and data protection laws provide a level of trust and confidence to businesses and consumers regarding the security and privacy of their data in the cloud driving the Cloud Telephony Service Market in the region.
Growing Adoption of Unified Communications as a Service (UCaaS) Solutions, and increasing demand for remote communication solutions are main driving factors in the Cloud Telephony Service Market.
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Cloud Telephony Service Market Segmentation
By Deployment
1. Cloud
2. Hosted
By Network Type
1. Voice over Internet Protocol
2. Public Switched Telephone Networks (PSTNs)
By Application
1. Conferencing
2. Multi-level IVR
3. Sales and Marketing
4. Customer Relationship Management
5. Others
By End-User
1. BFSI
2. Government
3. Healthcare
4. Transportation and Logistics
5. Education
6. Others
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Cloud Telephony Service Market Key Players:
1. Twilio (San Francisco, California, USA)
2. RingCentral (Belmont, California, USA)
3. Vonage (Holmdel, New Jersey, USA)
4. Nexmo (London, United Kingdom)
5. MessageBird (Amsterdam, Netherlands)
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
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Source: EmailWire.Com 
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