Twilio leads the fast-growing CPaaS market, with analysts predicting it will double its revenue in the next three years.
RiverPark Funds, an investment management firm, also noted that the company has quintupled its customer base in the past five years, amassing 268,000 customers, while losing less than four percent of customers every year.
Twilio provides software tools that allow its users to gather and analyze customer data (Twilio Segment) and to run call centers (Twilio Flex) that can leverage this data in customer interactions.
Yet, RiverPark Funds believes that its CPaaS offering will provide the rocket fuel for its future success. Indeed, while Twilio management believes revenue will increase 30 percent annually until at least 2024, RiverPark analysts are more bullish and put its growth prospects at 30 percent annually until 2027.
Such estimates are perhaps due to predictions that all communications vendors will eventually pivot towards a CPaaS model, for which Twilio have established a head start. “It's been my thesis that every communications vendor eventually will become a CPaaS vendor and then you'll use those CPaaS tools and APIs to build other things,” said Zeus Kerravala, Principal Analyst at ZK Research.
“As we move into this hybrid world and tools like we're using today become more and more ubiquitous, we do need to create different experiences, right?” said Kerravala.