Unified Communications as a Service market will reach at USD 54.8 billion by 2032 - key players-Microsoft, Fuze, West Unified Communications Services, Mitel, Google, Avaya, Cisco, PanTerra Networks, Polycom, NEC, Voyant, AGC Network

The global Unified Communications as a Service Market size is estimated to grow from USD 18.8 billion in 2021 to USD 54.8 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 11.5% during the forecast period. The key factors driving the growth of the UCaaS market include the increasing demand for UCaaS from both large enterprises and SMEs, and growing trends toward mobility and Bring Your Own Device (BYOD).

Latest launched research on Global Unified Communications as a Service Market, it provides detailed analysis with presentable graphs, charts and tables. This report covers an in depth study of the Unified Communications as a Service Market size, growth, and share, trends, consumption, segments, application and Forecast 2030. With qualitative and quantitative analysis, we help you with thorough and comprehensive research on the global Unified Communications as a Service Market. This report has been prepared by experienced and knowledgeable market analysts and researchers. Each section of the research study is specially prepared to explore key aspects of the global Unified Communications as a Service Market. Buyers of the report will have access to accurate PESTLE, SWOT and other types of analysis on the global Unified Communications as a Service market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

Major Key players profiled in the report include:
Microsoft, Fuze, West Unified Communications Services, Mitel, Google, Avaya, Cisco, PanTerra Networks, Polycom, NEC, Voyant, AGC Network

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Deployment Insights
The public cloud segment accounted for the largest revenue share of over 73.0% in 2020. Public cloud technology helps in reducing lead times in testing and deploying new products. Public cloud-based deployment models offer the opportunity to deploy scalable, subscription-based UC platforms. As a result, organizations of all sizes can conveniently shift from legacy communication practices and platforms to more advanced and efficient public cloud UCaaS solutions. The growing preference among companies for a flexible environment that can potentially aid in deploying changes more efficiently is also prompting organizations to opt for public cloud-based platforms.

The private cloud deployment model is expected to offer significant growth opportunities for the market over the forecast period. Private clouds offer a greater degree of customization and enable companies to subscribe to services according to their needs and specifications. Deploying private cloud-based UCaaS solutions also benefits enterprises in the form of 24/7 support services, contracted capabilities, and service-level agreements, and guarantees more secure and personalized experiences. Several companies such as Kandy Communications, LLC offer UCaaS services to their clients and enable them to transform legacy communication applications into a private cloud deployment model.

Industry Vertical Insights
The IT and telecom segment dominated the market with a revenue share of 19.9% in 2020. The strong emphasis of several IT and telecom companies to roll out more efficient collaboration among their globally-distributed teams is driving the need to deploy UCaaS solutions. Incumbents of the IT and telecom industry often have to work with high-profile clients, such as government departments and federal organizations, which calls for secure and efficient exchange of information. The growing need for data security and privacy protection is driving the adoption of UCaaS solutions by IT and telecom companies.

Market split by Type, can be divided into:
Single-Tenant, Multi-Tenant.

Market split by Application, can be divided into:
Medical, Retail, Manufacturing, Information and Communication Technology (ICT), Banking, Financial Services, Insurance (BFSI)

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The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Unified Communications as a Service market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Unified Communications as a Service industry to help players plan effective expansion strategies.

Regions Covered in the Global Unified Communications as a Service Market:
• North America (U.S., Canada)
• Europe (U.K., Germany, France, Italy)
• Asia Pacific (China, India, Japan, Singapore, Malaysia)
• Latin America (Brazil, Mexico)
• Middle East & Africa (Kuwait, Saudi Arabia Egypt)

Years Considered to Estimate the Market Size:
History Year: 2019-2020
Base Year: 2021
Estimated Year: 2022
Forecast Year: 2022-2030

What market dynamics does this report cover?
The report shares key insights on:

Current market size
Market forecast
Market opportunities
Key drivers and restraints
Regulatory scenario
Industry trend
New product approvals/launch
Promotion and marketing initiatives
Pricing analysis
Competitive landscape
It helps companies make strategic decisions

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