Unified Communication as a Service (UCaaS) Market Worth US$79.3 Bn by 2024: Expansion in Cloud Computing Technology to Propel Market Growth, Says TMR
ALBANY, New York, Feb. 1, 2019 /PRNewswire/ -- The global unified communication as a service market is estimated to grow notably in the coming years. In 2015, the key five players in the market of Unified Communication as a Service (UCaaS) collectively held the share of around 57%. According to a recent report by Transparency Market Research states that the major scope for the five players is in the combining of several business application and process. This is foreseen to increase the popularity of UCaaS solutions all over the world. The demand for UCaaS is likely to surge in the coming years owing to rising investment in industries for example, consumer goods, financial services, and insurance (BFSI), transportation and logistics, retail, and telecom.
The 5 leading companies operating in the global UCaaS market are West Corporation, 8X8 Inc., Microsoft Corporation, Fuze Inc., and Cisco Systems Inc., The other key firms in the market are IBM Corporation, Avaya, Inc., Hewlett-Packard Development Company, Alcatel-Lucent SA (Nokia Networks), Unify, Inc. (Atos SE), and so on.
Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4162
As per the research report by TMR, the global unified communication as a service (UCaaS) market is likely to project a tremendous expansion with 29.4% of CAGR within the forecast period from 2016 to 2024. In 2015, the UCaaS market was valued around a worth of US$8.23 bn. This figure is anticipated to reach around the value of US$79.3 bn by the end 2024.
On the basis of deployment model, in 2015, the segment of hosted UCaaS solutions dominated the market. The segment is estimated to lead in the upcoming years as well, through 2024.majorly sue to increased adoption of IP telephony access all over the world. Moreover, the low overall price of TCO and key upgradation in cloud communication stages are contributing in the growth of the segment in the global unified communication as a service (UCaaS) market. Based on geography, in 2015, North America region led the global UCaaS market, and is expected to keep on leading the global market in forecast period as well as the main revenue contributor. The growth is credited to the emergence of huge tech-savvy employees and improved infrastructure in the mentioned region. Moreover, the demand in UCaaS is expected to surge in the coming years owing to rise in investment.
Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4162
Increased Liberalization to Bolster AMkret Demand for UCaaS
"Developing liberalization across the globe has constrained large firms to get into cross-fringe markets, in this way fueling the demand for collaboration software to allow workers of a firm to adequately communicate among themselves," the author of the investigation remarks. UCaaS solutions bolster this need and accordingly, the market has been getting a major lift. "The effect of this factor will be on rise in the span of forthcoming years with organizations prone to expand operations in developing economies, for example, Asia Pacific and the MEA," the analyst states.
The inclination towards the popularity of the bring your own device (BYOD), different advantages provided by UCaaS solutions, along with flooding penetration of cell phones are also in charge of upcoming growth of the UCaaS market.
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=4162
Lack of Awareness to Hinder Market Growth in Coming Years
However, the less awareness about UCaaS and the advantages they offer threatens to hamper the adoption rate of UCaaS by SMEs. Nevertheless, this hindrance is anticipated to witness a minimal impact on the UCaaS market in the future.
The review is based on the findings of a report by Transparency Market Research, titled "Unified Communication as a Service (UCaaS) Market (Deployment Model - Managed, Hosted; Deployment - UC Software as a Service (SaaS), UC Platform as a Service (PaaS), UC Infrastructure as a Service (IaaS); by Services - Telephony Services, Contact Center Services, UC Application Services, Collaboration Services; End-users - Large Enterprise, Small and Medium Enterprises (SMEs), Public Sector; and Delivery Model - Stand-alone Services, Integrated Services) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024."
Request a Custom Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=4162
Global Unified Communication as a Service (UCaaS) Market, By Deployment Model
· Managed
· Hosted
Global Hosted Unified Communication as a Service (UCaaS) Market, By Deployment Type
· UC Software as a Service (SaaS)
· UC Platform as a Service (PaaS)
· UC Infrastructure as a Service (IaaS)
Global Unified Communication as a Service (UCaaS) Market, By Services
· Telephony Services
· Contact Center Services
· UC Application Services
· Collaboration Services
Global Unified Communication as a Service (UCaaS) Market, By End Users
· Large Enterprise
· Small and Medium Enterprises (SMEs)
· Public Sector
· Other
Global Unified Communication as a Service (UCaaS) Market, By Delivery Model
· Stand-alone Services
· Integrated Services
Global Unified Communication as a Service (UCaaS) Market, By Geography
· North America
· Europe
· Asia Pacific
· Rest of the World (RoW)
Browse More IT & Telecom Market Research Reports
Popular Research Reports by TMR:
· Data Protection as a Service (DPaaS) Market- https://www.transparencymarketresearch.com/data-protection-as-a-service-dpaas-market.html
· Hardware as a Service Market- https://www.transparencymarketresearch.com/hardware-as-a-service-market.html
· Digital Content Creation Market- https://www.transparencymarketresearch.com/digital-content-creation-market.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
Research Blog: http://www.editiontruth.com/
Share this article