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
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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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%.
The base year for the report is 2021 in unified communications as a service market.
The global Unified Communications as a Service market is segmented on the basis of solution, enterprise size, vertical, and region.
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.