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(Wireless-NewsWire.Com, May 18, 2018 ) Global unified communication as a service (UCaaS) market to grow steadily at a CAGR of above 25% by 2021. One of the primary drivers for this market is the rise in the adoption of as-a-service model across organizations. The as-a-service model contributes to the flexibility of enterprises, allowing them to add or reduce the number of users. It minimizes the risk of technology obsolescence that is associated with on-premises solutions. It also improves internal collaboration with mobile workers and external collaboration with suppliers, clients, and partners. Also, the adoption of cloud-based services among global businesses has increased significantly. Cloud-based UC will continue to have a high implementation rate due to the rising popularity of enterprise mobility and the BYOD model. Therefore, most businesses have started adopting cloud technology because of its inherent benefits. Enterprises are replacing on-premises communications and collaboration system with SaaS-based UC software to implement agile enterprise communications systems. This eliminates the need for enterprises to spend on in-house maintenance of hardware and software for UC systems. Moreover, the capability of UCaaS solution to facilitate hosted voice over Internet protocol (VoIP) by including functions such as outlook integration, collaboration, instant messaging, video conferencing, and high-definition voice will propel the growth of the global UCaaS market during the forecast period.
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The unified communication as a service (UcaaS) market report contains the global scenario of this market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the cyber security market size along with key factors driving and restraining the market growth.
The unified communication as a service (UcaaS) market can be segmented in three major types into components, applications and enterprise size. The unified communication as a service market can be segmented on the basis of types of components into three major categories namely unified messaging, conferencing and telephony, and collaboration applications. On the basis of applications the UcaaS market can be segment into seven categories namely banking, financial services and insurance (BFSI), retail, telecom & IT, government, healthcare, hospitality and others (logistics and transportation). The unified communication as a service market can be segmented on the basis of size of enterprises which include small enterprises, medium enterprises and large enterprises. The market can also be segmented geographically into North America, Europe, Asia Pacific and Rest of the World (Latin America, Middle East and Africa).
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The key players in the Unified Communications as a Service market are Avaya, Alcatel-Lucent, British Telecom, Cisco, Computer Sciences Corporation (CSC), Hewlett Packard, IBM, Microsoft, Mitel Networks, Orange Telecom, Polycom, ShoreTel Inc., Sprint Nextel Corp., Telstra Corp. Ltd., Verizon Wireless, and Voss.
The regional analysis covers:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
A detailed analysis of key segments of the market
Recent developments in the market’s competitive landscape
Detailed analysis of market segments up to second or third level of segmentation
Historical, current, and projected future valuation of the market in terms of revenue and/or volume
Key business strategies adopted by influential market vendors
Outline of the regulatory framework surrounding and governing numerous aspects of the market
Growth opportunities in emerging and established markets
Recommendations to market players to stay ahead of the competition
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