Global Industry Analysts Predicts the World Unified Communications as a Service (UCaaS) Market to Reach $95.6 Billion by 2026
SAN FRANCISCO, Sept. 3, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Unified Communications as a Service (UCaaS) - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 15; Released: April 2021 Executive Pool: 24151 Companies: 117 - Players covered include 8x8 Inc.; AT&T, Inc.; Avaya Inc.; BT Group plc; Centile Telecom Applications; Cisco Systems Inc.; DXC Technology Co., ; Fuze; IBM Corp.; Microsoft Corp.; Mitel Networks Corporation; NTT Communications; Orange Business Services; RingCentral Inc.; Verizon Enterprise Solutions; Vonage; West Corporation and Others. Coverage: All major geographies and key segments Segments: Deployment (Public Cloud, Private Cloud); End-Use (IT & Telecom, BFSI, Healthcare, Hospitality, Legal, Education, Real Estate, Automotive, Other End-Uses) Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Unified Communications as a Service (UCaaS) Market to Reach $95.6 Billion by 2026 Amid the COVID-19 crisis, the global market for Unified Communications as a Service (UCaaS) estimated at US$31 Billion in the year 2020, is projected to reach a revised size of US$95.6 Billion by 2026, growing at a CAGR of 20.5% over the analysis period. Public Cloud, one of the segments analyzed in the report, is projected to record a 21.8% CAGR and reach US$93.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Private Cloud segment is readjusted to a revised 15.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11.4 Billion in 2021, While China is Forecast to Reach $16.5 Billion by 2026 The Unified Communications as a Service (UCaaS) market in the U.S. is estimated at US$11.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.5 Billion by the year 2026 trailing a CAGR of 19.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 17.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.8% CAGR. More
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CONTACTS: Zak Ali Director, Corporate Communications Global Industry Analysts, Inc. Phone: 1-408-528-9966 www.StrategyR.com Email: [email protected]
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