Global Unified Communication as a Service Market
The GMI Research forecasts that the Unified Communication as a Service Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the shift of enterprise workload to the cloud to achieve competitive advantages such as enhanced employee productivity and business agility.
Introduction of the Unified Communication as a Service Market:
Unified Communication as a service (UCaaS) is a cloud-delivered unified Communications model supporting six Communication functions: enterprise telephony, meetings, unified messaging, and instant messaging. It comes under the “as a service” or “cloud” delivery mechanism for enterprise Communications. UCaaS is similar to the platform as a service (PaaS) and can be made available from the cloud to businesses, from small and medium businesses to large organizations.
Key Players of the Global Unified Communication as a Service Market:
- RingCentral, Inc
- BT
- Verizon
- Orange
- Cisco
- 8×8 Inc
- LogMeIn, Inc
- Google LLC
- Microsoft Corporation
- Mitel Networks Corp
Unified Communication as a Service Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Expansion in the growth of the global Unified Communication as a service market (UCaaS) includes the transpiring trend of distance learning along with the augmenting acquisition of cloud as a service (CaaS) model across companies. In accordance with the Remote Work Trend report submitted by Microsoft Corporation in 2020, approximately 183,000 occupants in 175 countries implement the Microsoft Teams platform for distance learning. Thus, the surging tendency of BYOD and distance learning are paving the way for market growth. Cloud-based Unified Communication (UC) solutions persuade enterprises to move towards these platforms led by persistent capabilities and innovation. Businesses throughout the world are immersing features such as chats, audio, video services, and chats for automating the Communication process. This factor has motivated them to opt for unified Communication as a service (UCaaS) solutions to meet their goals.
Moreover, the widespread outbreak of the coronavirus pandemic has inclined the workers towards the distant working platform to eliminate the probability of contracting coronavirus. Thus, the shift towards home culture shift has supplemented the demand for such services as mobile telephony, video conferencing, web conferencing, and alternative solutions to secure cloud connectivity. Organizations are increasingly opting for these models to manage their teams and enhance the employee’s productivity. According to the World Economic Forum, in 2020, over 1.2 billion students across 186 countries were influenced by the temporary shutdown of schools and colleges. This situation has encouraged the government to support digital learning approaches. Various service providers are offering superlative digital learning experiences with the help of UCaaS platforms such as Zoom. Zoom Video Communications, Inc., in 2020, supported nearly 100,000 K-12 schools by providing them access to their unified Communication service platform during the crisis. All these factors together contribute to market growth.
Unified Communication as a Service Market Segmentation:
Segmentation by Components
- Telephony
- Unified Messaging
- Collaboration Platform
- Conferencing
- Reporting & Analytics
Segmentation by Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprises
Segmentation by Vertical
- BFSI
- Telecommunication and IT
- Consumer Goods and Retail
- Healthcare
- Public Sector and Utilities
- Logistics and Transportation
- Travel and Hospitality
- Others
Segmentation by Deployment Mode
- Private Cloud
- Public Cloud
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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