Unified Communication as a Service Market is projected to expand at an impressive CAGR of +28% from 2016 to 2024

Global Unified Communication as a Service Market Report 2023,” provides a clear understanding of the drivers and restraints shaping the trajectory of the overall market. Unified Communication as a Service (UCaaS) is an emerging technology that has rapidly garnered a lot of attention from developer communities and enterprises. The global UCaaS market is poised to witness a significant rise in demand for UCaaS solutions from enterprises and businesses keen on increasing the efficiency of existing processes. A number of these enterprises are now switching from traditional business processes to communications-enabled business processes.

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Unified Communication as a Service Market was pegged at US+$8 bn in 2015 and is projected to expand at an impressive CAGR of +28% from 2016 to 2024 to reach US+$78 bn by the end of the forecast period.

The capability of integrating multiple functions of communication on one platform makes telephony an important tool from the business perspective. Telephony is expected to hold the largest market share owing to its compatibility with automated transmissions of voice, fax, or other information. The increasing demand of VoIP and IP telephony in BFSI, telecom & IT, logistic & transportation, and travel & hospitality industries acts as a major driving factor for the growth of telephony in the UCaaS market.

Some of the major players operating in the market: Cisco Systems, Inc., Avaya, Inc., IBM Corporation, Microsoft Corporation, Alcatel-Lucent SA (Nokia Networks), Unify, Inc. (Atos SE), Hewlett-Packard Development Company, L.P., Polycom, Inc., Fuze Inc., 8x8, Inc., West Corporation, Verizon Communications, and Avanade Inc.

Six of the key geographies across of the world have been assessed in the report, viz. India, Japan, Southeast Asia, Europe, China, and North America. The progress of each of these countries and regions has been examined on the basis of share, price, local consumption, export, import, and local supply. Besides this, the report has provided a basic overview of all these geographies. The researchers have also discussed the development trend of the international Unified Communication as a Service market while taking into account price, volume, and value forecast, product and application trends, and consumption in different geographical markets.

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Describing the competitive hierarchy in the global Unified Communication as a Servicemarket, the report profiles some of the key players operating in the market. Dynamic data about the noteworthy players including their financial overview, business segmentation, product portfolio, and revenue has been included in the report. Latest developments in the industry have been taken into deliberation while projecting the future stance of the market. The report additionally defines the various marketing channels prevailing in the market and delivers information about some of the imperative distributors operating in the market. The report serves as a helpful guide for the new as well as existing players in the market.

Table of Content:

Chapter 1 Unified Communication as a Service Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

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