RALEIGH,
N.C., May 25, 2023 /PRNewswire/ -- Bandwidth
Inc. (NASDAQ: BAND), a leading global enterprise
cloud communications company, today announced it has been named a
Leader for the third consecutive time in the IDC MarketScape:
Worldwide Communications Platform as a Service (CPaaS) 2023 Vendor
Assessment (doc #US50607923, May
2023).
"Bandwidth's key differentiator is its global IP backbone and
experience to offer reliable, high quality voice and messaging
services to large enterprises and cloud providers," said
Courtney Munroe, IDC's Research Vice
President of Worldwide Telecommunications Research. "Through its
Maestro™ platform, the company also plans to
leverage AI capabilities to offer enhanced tools to enable
personalization and enhanced CX through conversational AI and
machine-learning-based fraud detection. This will help Bandwidth to
further differentiate its portfolio and platform."
"We're honored to be recognized yet again as a Worldwide Leader
in CPaaS by the IDC MarketScape," said Anthony Bartolo, Bandwidth's Chief Operating
Officer. "Cloud communications is the fastest way for enterprises
in today's global economy to build a better brand experience,
reduce operating costs, leverage emerging AI technologies, lighten
regulatory burdens and simplify digital transformation
company-wide. And they're doing it with Bandwidth. We strongly
believe our rare global footprint, powerful cloud platform and
scalable offerings have become the most compelling route to the
cloud."
The IDC MarketScape report identified leading providers in the
CPaaS market that vary in scale and scope but have been innovators
over the years and helped to establish the segment. The IDC
MarketScape considered the diversity of portfolios, the size and
growth of revenues, and the ability to provide a platform for
developers, ISVs, and corporations (MNCs). The primary focus of
this study is platforms' ability to facilitate the rapid
development of real-time communications services that are both easy
to create and are scalable. These platforms facilitate
programmable, application programming interface- (API-) based voice
and messaging to enable the creation of personalized and
cost-effective agile enterprise cloud applications.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide
an overview of the competitive fitness of ICT (information and
communications technology) suppliers in a given market. The
research methodology utilizes a rigorous scoring methodology based
on both qualitative and quantitative criteria that results in a
single graphical illustration of each vendor's position within a
given market. IDC MarketScape provides a clear framework in which
the product and service offerings, capabilities and strategies, and
current and future market success factors of IT and
telecommunications vendors can be meaningfully compared. The
framework also provides technology buyers with a 360-degree
assessment of the strengths and weaknesses of current and
prospective vendors.
About Bandwidth Inc.
Bandwidth (NASDAQ: BAND) is a global cloud communications
software company that helps enterprises deliver exceptional
experiences through voice calling, text messaging and emergency
services. Our solutions and our Communications Cloud, covering 60+
countries and over 90 percent of global GDP, are trusted by all the
leaders in unified communications and cloud contact
centers–including Amazon Web Services (AWS), Cisco, Google,
Microsoft, RingCentral, Zoom, Genesys and Five9–as well as Global
2000 enterprises and SaaS builders like Docusign, Uber and Yosi
Health. As a founder of the cloud communications revolution, we are
the first and only global Communications Platform-as-a-Service
(CPaaS) to offer a unique combination of composable APIs,
owner-operated network and broad regulatory experience. Our
award-winning support teams help businesses around the world solve
complex communications challenges to reach anyone, anywhere. For
more information, visit bandwidth.com.
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SOURCE Bandwidth Inc.