Unified Communication As A Service (UCaaS) Global Market Worth $65.1 Billion at a CAGR of 14.0% By 2027 | Key Players: ALE International, Avaya Inc., Cisco Systems, Fuze, Inc., Genesys

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Unified Communication As A Service Global Market Report 2023 identifies the rising demand for BYOD and mobility is expected to propel the growth of the unified communication as a service market. BYOD (bring your own device) means being allowed to use one's personally owned device, rather than being required to use an officially provided device by an organization, offering greater productivity gains.

The global unified communication as a service (UCaaS) market size will grow from $34.27 billion in 2022 to $38.51 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the unified communication as a service (UCaaS) is expected to grow to $65.1 billion in 2027 at a CAGR of 14.0%.

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Major players in the unified communication as a service market are 8x8 Inc., ALE International, Avaya Inc., Cisco Systems, Fuze, Inc., Genesys, LogMeIn, Masergy Communications, Inc., Metaswitch Networks Ltd., Microsoft Corporation, Mitel Networks Corporation, NTT Communications Corporation, Ringcentral, Inc., Sify Technologies, Ltd., Tata Communications Ltd., Verizon Communication, Inc., Vonage, Alcatel-Lucent Enterprise, Amazon.com, AT & T Inc., CenturyLink, Dial.

Artificial intelligence (AI)-induced automated transcription is a key trend gaining popularity in the unified communication as a service market. AI transcription refers to the speech-to-text technology that replaces the requirement of a manual process.

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The Unified Communication As A Service Market Is Segmented -
• By Component: Telephony, Unified Messaging, Collaboration Platforms, Conferencing, Other Components
• By Solution: Software, Services
• By Vertical: Banking, Financial Services And Insurance, IT And Telecommunications, IT-enabled Services, Education, Retail And Consumer Goods, Government And Defense, Healthcare, Other Verticals
• By Organization Size: Small and Medium-Sized Enterprises (SMEs), Large Enterprises
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Unified Communication As A Service market.

The Business Research Company's "Global Unified Communication As A Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Unified Communication As A Service Market Include:
1. Executive Summary
2. Unified Communication As A Service Market Characteristics
3. Unified Communication As A Service Market Trends And Strategies
4. Unified Communication As A Service Market - Macro Economic Scenario
5. Unified Communication As A Service Market Size And Growth
.....
26. Africa Unified Communication As A Service Market
27. Unified Communication As A Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Unified Communication As A Service Market
29. Unified Communication As A Service Market Future Outlook and Potential Analysis
30. Appendix

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