|Cisco Systems Inc.|
|Verizon Communications Inc.|
|Market Driving Forces|
|The rising number of communication standards and forms has led to the requirement for a unified communications platform for businesses to maintain a steady flow of information among teams across the globe|
|As employees and workspaces transcend borders|
|communications across all channels such as voice|
|and video need integration.|
Unified Communication as a Service Market is Expected to Grow at a CAGR of 8.2% by 2025.
The rising number of communication standards and forms has led to the requirement for a unified communications platform for businesses to maintain a steady flow of information among teams across the globe. As employees and workspaces transcend borders, communications across all channels such as voice, instant messages, and video need integration.
With several advantages, such as lower cost of ownership for businesses compared to other dedicated communication channels and better integration across platforms and communication models, the unified communication as a service market is expected to have favorable growth prospects during the forecast period.
Unified Communication as a Service Market Key Players:Global Unified Communication as a Service Market is characterized by the presence of several regional and local providers. Some of the key players in the market are IBM Corporation, Cisco Systems, Inc., BT Group, 8x8, Inc., Microsoft Corporation, Verizon Communications, Inc., Avanade, Inc., Fuze, Inc., Voss Solutions, Polycom, Inc., ATOS SE, and West Corporation.
Unified Communication as a Service Market Key Developments:
Unified Communication as a Service Market Regional Analysis:Geographically, the global unified communication as a service market has been categorized as North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to dominate the market with the largest share during the forecast period owing to the increased adoption of BYOD trends in the region. Asia-Pacific is expected to advance at the highest CAGR during the forecast duration owing to the rapid digitization and adoption of new technologies in the region.
Key Questions Addressed by the Report
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Deployment Mode, Service|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||IBM Corporation, Cisco Systems, Inc., BT Group, 8x8, Inc., Microsoft Corporation, Verizon Communications, Inc., Avanade, Inc., Fuze, Inc., Voss Solutions, Polycom, Inc., ATOS SE, and West Corporation.|
|Key Market Opportunities||Zoom is one of the leading providers of video and collaboration solutions worldwide, offering an immersive opportunity for next-generation teamwork.|
|Key Market Drivers||
The growth rate projected to be achieved by the market in the coming years is 10.5%.
The market size is anticipated to increase tremendously in the coming years, given the mounting need for 24x7 communication channels across global businesses.
Some of the leading players in the market are Polycom, Inc, Cisco Systems, Inc, 8x8, Inc, Fuze, Inc, West Corporation, Voss Solutions, Microsoft Corporation, Verizon Communications, Inc, ATOS SE, IBM Corporation, Avanade, Inc., BT Group, and others.
The regions that demonstrate new revenue opportunities include the Middle East and Africa, South America and Asia Pacific.
The integration services segment can achieve better growth in the near future, compared to its counterpart.
Unified communication as a service alludes to a service model where suppliers convey different telecom or communications software applications or services, generally over the global IP network.