Unified Communications as a Service Market

Unified Communications as a Service Market Overview

The report is titled as ‘Unified Communications as a Service Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Unified Communications as a Service market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Unified Communications as a Service market is expected to grow with significant rate in the near future.

The Unified Communications as a Service market is estimated to reach at a value of US$ 20.4 Bn by the end of 2022 and expected to reach at a value of US$ 44.7 Bn by 2030 with a significant CAGR of 10.2%.

Unified Communications as a Service Introduction

UCaaS or Unified Communications as a service can be distinguished as the most acclaimed expressions in the entirety-as-a-service economy. Whilst the idea of unified communications has been in the vicinity for a long time, the as-a-service paradigm makes a completely coherent technology pile more approachable to the masses. As per analysts and researchers, UCaaS and UC are both ideas that impart similar attributes, such as telephony and voice, audio and video conferencing, real-time presence and messaging. The crucial distinction in both of them is that UCaaS is emceed by an individual’s provider. This means that one does not have to put up any of its own infrastructure to get going.

The cloud-based and pliant nature of UCaaS makes it an exceptional option for businesses of all extents. With the help of UCaaS, one can also prevent the primary expenses time and again clearly related to putting up a state-of-the-art communication strategy. All the same, one can still get to make an acquaintance with the fresh disruptive technology on the market. Owing to which, the global unified communication as a service (UCaaS) market is projected to rise significantly in the following years.

Unified Communications as a Service Market Segmentation

The global Unified Communications as a Service market is segmented on the basis of solution, enterprise size, vertical, and region.

By Solution

Software

Integrated UCaaS Platform/Suite

Standalone Solutions

Audio & Video Conferencing

Hosted IP Telephony/VoIP

Collaboration Platform

Unified Messaging

Services

Professional Services

Integration & Deployment Service

Consulting Services

Support & Maintenance

Managed Services

By Enterprise Size

Small and Medium Enterprises (SMEs)

Large Enterprises

By Vertical

BFSI

IT & Telecom

Healthcare

Retail & CPG

Travel & Hospitality

Transportation & Logistics

Military & Defense

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Unified Communications as a Service Market Key Players

Some of the key participating players in global Unified Communications as a Service market are:

RingCentral

8x8

LogMeIn

Mitel

Cisco

Vonage

Fuze, Inc.

Microsoft

Google

Verizon

BT

Orange S.A.

DialPad

StarBlue

Windstream

Alcatel-Lucent Enterprise

Intrado Corporation

NTT Communications Corporation

Masergy

Revation Systems

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product development and launches

Current product compliance

Reimbursement

Concerns for use of Unified Communications as a Service

Advantages of Unified Communications as a Service

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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