The Cloud Communications industry is growing at a rapid pace.
In fact, experts predict that the market should be worth around $96 billion by the end of 2023. Here at UC Today, we like to keep on top of the evolution of the cloud communication market. That's why we were first in line to pick up our tickets for the Cloud Comms Summit 2018 - hosted in Washington, USA.
Delivered to us by Cavell Group and the Cloud Communications Alliance (CCA), the Cloud Comms Summit is the ultimate event for Communications Service Providers (CSPs) checking out the cloud communications industry. It's where you can go every year to gather information about industry best practices, key trends, and new vendor offerings.
As the industry continues to face significant change and substantial growth, we were keen to bring you our insights and opinions from some of the topics covered at this year's Cloud Comms Summit - all the way from our thoughts on industry consolidation, to where we think the market is heading.
Here's what we discovered.
The Rising Popularity of APIs and CPaaS
One of the most significant hot topics at the Cloud Comms Summit this year was the conversation around /unified-communications/cpaas, and the rise of APIs to deliver flexible services to service providers and ultimately their customers. As the "as a service" market becomes a more immersive way for companies to embrace the power of agility, CPaaS allows service providers to offer voice, video, instant messaging, team collaboration, conferencing, SMS messaging, contact centre and WebRTC as a platform for development.
In the past, developers and service providers could tap into APIs with their phone systems, but they were notoriously difficult to work with, thanks to the sheer level of education required. However, CPaaS is now giving cloud communication vendors an opportunity to accelerate the innovation that's already happening in the UC space. You only need to look at Twilio’s success in the market to appreciate how popular CPaaS is becoming.
The idea of being able to evolve to suit the needs of their customers is something that's particularly exciting for service providers right now, and it's easy to see why.
The SD-WAN Opportunity: Is It Just for the Enterprise?
As part of the overall theme of agility and innovation that ran through the Cloud Comms Summit this year, I noticed a common conversational theme around the opportunities offered by SD-WAN.
Just as virtualisation helped to transform the data centre, SD-WAN is the solution helping to revolutionise the networking space. SD-WAN offers a range of strong business benefits. For instance, with this technology, you can make your network operations more efficient by ensuring you get the most out of your resources and provision services quickly.
At the same time, SD-WAN could be a powerful way for service providers to access new sources of revenue through flexible service initiation. In other words, service providers could use this technology to insert themselves in new places along the value chain and look at more than just connectivity. Add all that to the fact that SD-WAN already has strong security systems in place and a fast go-to-market, and it's easy to see why the service provider market is excited about SD-WAN.
Right now it’s popular with large enterprises with multiple locations, however as it grows in popularity I can see it doing well for all market segments, small and large.
The Ever-Rising Presence of Disruptive Tech
It's difficult to attend any communication conference this year without stumbling across some conversation about disruptive technology. Emerging trends like AI and IoT are leaving service providers with a lot to think about in terms of how they want to innovate moving forward, and how they can maintain security as they evolve.
Akixi, Twilio, Dubber, and Genesys were all talking about the emerging trends in the industry, and the abilities of their respective platforms to tap into things like analytics and contact centre context. In fact, analytics may be one of the most exciting things for service providers to start looking at today, in a world where data and customer service are so important. Organisations of all shapes and sizes are beginning to embrace speech analytics, natural language processing (NLP), and other data-capturing devices to make the most out of their interactions with end users.
Predictive analytics even means that modern enterprises could use technology to develop insights into the future by looking at their previous performance in areas all the way from service level, to call volume, customer satisfaction, and predictive analysis. Service providers could even use the same predictive technology to help them determine what kind of services their clients will need at certain points throughout the year.




