(MENAFN- EIN Presswire)
Unified Communications as a Service Market Report
The UCaaS market is propelled by the need for seamless remote collaboration, cost-efficiency, and scalability in modern business communication.
PORTLAND, OREGON, UNITED STATES, October 24, 2023 /EINPresswire / -- The unified communications as a service market size was valued at $27.04 billion in 2021, and is estimated to reach $118.8 billion by 2031, growing at a CAGR of 16.3% from 2022 to 2031.
Unified Communication addresses communication issues in new ways by delivering an integrated platform where all these applications are in use for providing and combining multiple enterprise communication channels, such as voice, video, personal and team messaging, voicemail, and content sharing. As a result, companies adopt unified communication as a service to use tools to create multichannel sessions. Thus, employees can collaborate effectively and make business value in real-time settings.
Request Sample PDF Report at:
Moreover, the remote work trend has pushed IT to adopt technologies that support a decentralized workplace, positioning unified communications as a service market forecast and a convenient technology for enterprises. Unified communications as a service also offer solutions including automated transcripts, smart tracking of speakers, and intuitive call recordings, which, in turn, contributes toward Ucaas market growth. Furthermore, surge in integration for cloud-based solutions due to inherent feature of cost-effectiveness and easier to scale in unified communication across different end-use industries, contributes toward significant expansion of the UCaaS market.
Depending on enterprise size, the large enterprise segment held the largest share in 2022 and is expected to remain dominant in ucaas market size during the forecast period. Large enterprises are seeking ways to improve collaboration and productivity among their employees, which drives the demand for UCaaS solutions that enhance communication and collaboration. However, the small and medium-sized enterprises segment is expected to witness the highest growth in the upcoming years. It is easy-to-use and manageable, which helps in reducing the need for in-house IT support and freeing up resources to focus on other areas of the business attributed to the surge in demand for UcaaS solutions.
If you have any special requirements, please let us know:
Region-wise, North America held a significantly growing global unified communication as a service market forecast, due to the region's increasing demand for enhanced end-user services; U.S. and Canada currently dominate the regional market for North America.
The main drivers of the growth of the unified communications as a service market in this region are increase in demand for 5G high-speed networks, surge in the trend of mobility and bring your own device (BYOD), and growth in migration from legacy systems to cloud-based communication services are the primary factors that drive the growth of the unified communications as a service market in Asia-Pacific, North America, Europe, and LAMEA.
Buy Now & Get Exclusive Discount on this Report (250 Pages PDF with Insights, Charts, Tables, and Figures) at:
Key players profiled in the report include Avaya, Inc., BroadSoft, Inc, BxB, Inc, Cisco Systems, Inc., Genesys, Microsoft Corporation, Mitel Networks Corp., NEC Corporation, RingCentral, Inc., Zoom Video Communications, Inc. Market players have adopted various strategies, such as product launches, collaboration & partnership, joint ventures, and acquisition to expand their foothold in the unified communications as a service industry.
For instance, in February 2022, Vodafone Business and RingCentral launched 'Vodafone Business unified communication with RingCentral, that offers message video phone (MVP) with Vodafone's mobility and 5G capabilities to give customers more choice, flexibility, and simplicity to workforce collaboration and remote working. Vodafone Business unified communication as a service with RingCentral was launched in the UK, Germany, Hong Kong, Italy, Portugal, Singapore, Spain and Sweden. Such factors helped the unified communications as a service market to grow.
Inquire Here Before Buying:
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
MENAFN23102023003118003196ID1107290617
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.