Global Unified Communication as a Service Market 2023-2027

Global Unified Communication As A Service Market 2023-2027

The unified communication as a service market is forecasted to grow by USD 103,561.1 million mn during 2022-2027, accelerating at a CAGR of 25.36% during the forecast period. The report on the unified communication as a service market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shift from capex to opex, increased use of UCaaS by SMBs, and growing need to collaborate and communicate globally.

Technavio's unified communication as a service market is segmented as below:

By Application

• Enterprise collaboration
• Enterprise telephony
• Contact center

By End-user

• BFSI
• ICT
• Healthcare
• Retail
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the increased adoption of BYOD and mobility as one of the prime reasons driving the unified communication as a service market growth during the next few years. Also, hybrid UCaaS gaining more traction and growing momentum of cloud brokerage services will lead to sizable demand in the market.

The report on the unified communication as a service market covers the following areas:

• Unified communication as a service market sizing
• Unified communication as a service market forecast
• Unified communication as a service market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading unified communication as a service market vendors that include 8x8 Inc., ALE International, AT and T Inc., Avaya Inc., BT Group Plc, Microsoft Corp., Mitel Networks Corp., NEC Corp., NetScout Systems Inc., NTT Communications Corp., Oracle Corp., Orange SA, Sify Technologies Ltd., Tata Sons Pvt. Ltd., Telefonica SA, Telstra Ltd., Verizon Communications Inc., Vonage Holdings Corp., PanTerra Networks Inc., and RingCentral Inc.. Also, the unified communication as a service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.