Scalable Cloud-based Solutions to Propel Unified Communication-as-a-Service Market to rise at a CAGR of ~36% From 2019 to 2027, Notes Transparency Market Research
- Need for effective unified communications across the ever-evolving organizational set-ups, growing increasingly complex, to drive up demand in global Unified Communication-as-a-Service Market
- Cost benefits of simplified yet seamless connection brought about by UCaaS to be a major factor underlying growth in market over period 2019 to 2027
ALBANY, New York, Feb. 17, 2020 /PRNewswire/ -- The global Unified Communication-as-a-Service (UCaaS) market is set on an impressive growth trajectory, credit a number of benefits it helps businesses accrue in terms of reliable and effective communications, the cornerstone of smooth functioning of any organization.
As per Transparency Market Research, "Noteworthy statistics would mark the global Unified Communication as a Service market landscape, which is set to witness a growth rate of ~36%, compounded annually from 2019 to 2027, to reach a market valuation of about USD 235 bn. by the end of the period. Market players would do well to invest in multi-channel integration of communication to ease operations."
Key Findings of the Unified Communication-as-a-Service Market Study
Explore 247 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Unified Communication-as-a-Service market by Deployment Model: Managed, Hosted (UC SaaS, UC PaaS, UC IaaS); Service: Telephony Services, Contact Center Services, UC Application Services, Collaboration Services; End User: Large Enterprises, Small and Medium Enterprises (SMEs), Public Sector, and Others; Delivery Model: Stand-alone Services and Integrated Services
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Unified Communication-as-a-Service Market: Key Driving Factors
Need for scalable, flexible, and secure communications across a business organization and among its employees is a major driver of growth in the global Unified Communications-as-a-Service market, as per Transparency Market Research's study on the market. An outline on growth factors is provided below:
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Key Impediments for Unified Communication-as-a-Service Market Players
Transparency Market Research highlights few restraints that will present themselves in the global Unified Communication-as-a-Service market over the forecast period, hampering market growth to a certain extent but being counteracted effectively by an impressive growth in demand and technological advancement. One of the most prominent restraint in the market is a low rate of adoption in small and medium enterprises, owing to lack of awareness and cost restraints. These organizations are also hesitant to adopt these solution owing to hiccups arising from compliance environment.
Unified Communication-as-a-Service Market: Region-wise Analysis
Analyze Unified Communication-as-a-Service market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.
According to Transparency Market Research, Unified Communication-as-a-Service market is a mildly consolidated vendor landscape, wherein players are forging collaborations that help resolve cost issues, operational complexities, and combine resources for ensuring future growth.
Some of the most renowned market players that operate in the global Unified Communication-as-a-Service market and are profiled by Transparency Market Research are 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, among others.
Transparency Market Research has segmented the Unified Communication-as-a-Service market based on deployment model, service, end-user, delivery model and region.
In terms of deployment model, the UCaaS market has been segmented into:
Based on service, the UCaaS market has been divided into:
Based on end user, the UCaaS market has been divided into:
Based on delivery model, the UCaaS market has been divided into:
Based on region, the UCaaS market has been divided into:
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