Enterprise Communications Platform as a Service CPaaS Market Insights Video
According to Cognitive Market Research, the global Enterprise Communications Platform as a Service CPaaS Market size was USD 13251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 31.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 5300.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3975.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3047.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 33.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 662.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 265.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.2% from 2024 to 2031.
The Solutions held the highest Enterprise Communications Platform as a Service CPaaS Market revenue share in 2024.
