Comparing the current results to its competitors, Crexendo Inc reported Revenue increase in the 2 quarter 2026 by 48.9 % year on year. The sales growth was above Crexendo Inc 's competitors' average revenue growth of 17.01 %, achieved in the same quarter.
Crexendo Inc 's Comment on Competition and Industry Peers
The cloud business communications services market is large and increasingly competitive, with ongoing growth in competition. Competitors include traditional on-premise hardware providers such as Alcatel-Lucent, Avaya Inc., Cisco Systems, Inc., Mitel, NEC, and Siemens Enterprise Networks, LLC, some of which also offer cloud-hosted solutions. Software providers include Microsoft Corporation (Microsoft Teams) and BroadSoft, Inc. (acquired by Cisco Systems, Inc.), which license software and may host cloud solutions. Established communications and contact center providers include Amazon.com, Inc., Aspect Software, Inc., Avaya Inc., Five9, Inc., Genesys Telecommunications Laboratories, Inc., and NewVoiceMedia. The software solutions landscape features third-party UCaaS platform vendors like Cisco, Mitel, Microsoft, Ooma, and Alianza, as well as third-party platforms hosted on service provider networks such as 3CX, Ribbon, Avaya, NEC, Unify, and Vodia. The company may also encounter competition in acquisition opportunities from firms with similar growth strategies, some of which have greater financial resources. Barriers to entry in this market are relatively low, and proprietary technology does not prevent new competitors from entering.
Bandwidth Inc is a telecommunications company that offers a business model focusing on providing cloud-based communications services to enterprises, including phone numbers, voice calling, and messaging through their own software platform, enabling businesses to easily integrate and manage their communications needs.
8x8 Inc operates under a cloud-based communication and collaboration software business model, offering a range of services including voice, video, chat, and contact center solutions.
Ringcentral Inc is a cloud-based communications and collaboration solutions provider that offers a unified communication platform to businesses, allowing them to streamline and modernize their communications processes. The company generates revenue by offering subscription-based services, including voice, video, messaging, and collaboration tools, to businesses of all sizes.
Twilio Inc is a cloud communications platform that provides developers with APIs to embed voice, messaging, and video capabilities into their applications. They generate revenue by charging customers per usage of their services, offering various pricing plans based on the volume of usage. The company focuses on attracting developers as their customer base and aims to empower them to communicate effectively through their applications.
Vonage Holdings Corp is a telecommunications company that provides voice-over-Internet Protocol (VoIP) services to both residential and business customers. They generate revenue by offering various communication packages tailored to the needs of their customers, including voice calling, messaging, and video conferencing. Additionally, they offer different pricing plans and value-added services to retain and attract customers in a competitive market.
Sources:
Crexendo Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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