Unified Communications as a Service Market |(CAGR) of 11.9%| Advance Technology and Trends 2023 to 2031

The global Unified Communications as a Service market size was US$ 18.1 billion in 2021. The global Unified Communications as a Service market is forecast to grow to US$ 32.8 billion by 2030 by registering a compound annual growth rate (CAGR) of 11.9% during the forecast period from 2022 to 2030.

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Unified Communications as a Service or UCaaS is referred to a group of cloud-based communications tools which allow users to take advantage of the features like chat, online meetings, screen sharing, etc. It is a typical distribution model where a provider can use IP blocks as containers for small units of data to deliver a variety of communication and collaboration apps, as well as related services, to its clients over the internet. The distribution model connects with its consumers in two ways: single-tenancy and multi-tenancy. Changes in this sector are anticipated to be fueled by organizational trends toward accessibility and Bring Your Own Device (BYOD), as well as by expectations for ongoing service support.

Factors Influencing the Market
The rising adoption of the cloud as a service in enterprises is expected to drive the growth of the global Unified Communication as a Service (UCaaS) market during the study period. Apart from that, the strategic steps taken by the industry players, such as collaboration and creativity, is expected to benefit the Unified Communications as a Service market during the analysis period.
The communication process is now all automated, thanks to the growing advancements. Chats, audio, video services and chat services are all automated by companies to achieve higher objectives in a shorter time. Thus, it will drive the demand for coherent communication as a service (UCaaS) solutions during the study period.
On the contrary, security breaches and data redundancy may restrict the growth of the Unified Communications as a Service market during the analysis period.

COVID-19 Impact Analysis
Remote working became a new normal due to the COVID-19 outbreak. Moreover, the adoption of tools like video conferencing increased among enterprises to continue operations even amid the pandemic. Thus, it accelerated the growth of the Unified Communications as a Service market during the study period.

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Regional Analysis
The Asia-Pacific Unified Communications as a Service market is forecast to grow at the highest growth rate throughout the study period. It is owing to the continued digitization and growing mobile workforce in the region. Further, the hybrid work model and work-from-home are still gaining popularity in the region, which is expected to bring ample growth opportunities for the Unified Communications as a Service market. The deployment of high-speed internet is also increasing in the region, which will be opportunistic for the vendors thriving in the market.

Competitors in the Market
• RingCentral, Inc.
• BT Group
• Verizon, Orange
• 8×8 Inc.
• Cisco
• Google LLC
• Microsoft Corporation
• LogMeIn, Inc.
• Mitel Networks Corp
• Other Prominent Players

Market Segmentation
The global Unified Communications as a Service market segmentation focuses on Deployment, End-Use, and Region.
By Deployment:
• Public Cloud
• Private Cloud

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By End-use:
• Automotive
• Education
• Healthcare
• BFSI
• Hospitality
• Real Estate
• Legal
• IT & Telecom
• Others
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific

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● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

Table of Content

Chapter 1: Global Unified Communications as a Service Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global Unified Communications as a Service market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global Unified Communications as a Service Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global Unified Communications as a Service market Size Forecast (2023-2031).

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This release was published on openPR.