Fourth paragraph under the Top five suppliers of VoIP
services heading of release dated October 21, 2016, company
name should read: Jive Communications (instead of Jive
Software).
The corrected release reads:
FROM 8*8 TO NEXTIVA - TOP 5 SUPPLIERS OF
GLOBAL VOIP SERVICES MARKET ACCORDING TO TECHNAVIO
Technavio has announced the top five leading suppliers in their
global VoIP services market report until 2020. These
suppliers are selected based on certain criteria some of which
include skills and expertise, geographical presence, price and
service portfolios, and compliance with regulations and
standards.
Competitive market landscape
The VoIP services industry is highly fragmented with
large global players such as 8*8, Vonage, and
Nextiva dominating the market. However, it is also populated
by small service providers such as Cheap Voip,
EasyCallBack, and NairaCalls that have an edge over
global players in terms of knowledge about local markets.
VoIP service providers are focusing on expanding their
reach to capitalize on opportunities provided by growth in business
activities as well as to minimize the impact of competition.
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According to Angad Singh, a category specialist, specializing in
research on category spend intelligence, “Suppliers are
forming strategic partnerships with local labor organizations to
avoid labor supply shortages, as they can hamper operations. They
are also upgrading IT infrastructure to enhance data collection
capabilities and to provide data-driven solutions to
customers.”
Top five suppliers of VoIP services
8*8
8*8 is a market leader in the business cloud communication
industry that pioneered the development of internet protocol voice,
video, and data communication technologies in the SaaS model. The
company has the capability to provide VoIP services to sectors such
as banking, education, healthcare, legal, aviation, and government.
It has strong R&D capabilities and holds approximately 100
patents in the field of technological innovation
Vonage
Vonage is a leader in cloud communication and business
communication services, and offers services that facilitate
flexibility, portability, and ease of use across multiple devices.
The company operates across industrial sectors, including
manufacturing, automotive, legal, IT, finance, construction and
real estate, engineering, and healthcare.
RingCentral
RingCentral is a leading provider of SaaS that helps enhance
business communications with its innovative cloud-based approach.
The firm operates across sectors including advertising, consulting,
finance, healthcare, legal, real estate, retail, and technology. It
has strong R&D capabilities and spent USD 52.9 million in 2015
on innovation activities. It also holds 85 patents in the US.
Jive Communications
Jive Communications is a segment of Jive that offers products
that are deployable on private or public clouds. The company offers
products in two configurations: Jive-n and Jive External. The firm
provides services to sectors such as finance, technology,
healthcare, retail, and telecommunications.
Nextiva
Nextiva is one of the fastest growing technological companies
and operates across sectors such as finance, healthcare, insurance,
legal, marketing, real estate, and retail. The company focuses on
the development of analytical tools and platforms, and serves more
than 100,000 businesses in the US.
Some reports under category spend intelligence are listed
below:
- Global Managed Services -
Procurement Market Intelligence Report 2016
- Legal Services - Category Market
Intelligence Report 2016
- Global IT Infrastructure Services -
Procurement Market Intelligence Report 2016
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About Technavio
Technavio is a leading global technology research and
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every year, covering more than 500 technologies across 80
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the latest leading edge technologies.
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data with the data obtained from various market participants and
stakeholders across the value chain, including vendors, service
providers, distributors, re-sellers, and end-users.
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version on businesswire.com: http://www.businesswire.com/news/home/20161021005043/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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