Unified Communication as a Service Market is estimated to be US$ 430.9 billion by 2032; Growing Trend of Remote Working to Fuel Market Growth

Unified Communication as a Service (UCaaS) is operated, owned, maintained and delivered by provider which includes, typical characteristics such as multi-tenancy, usage reporting, management & performance and self-service web portals for provisioning.

Wide variety of advantages such as less expensive than installing, great and important for whole company has driven the market growth. Technological innovation and growing trend of remote working has further, enhanced the Unified Communication as a Service market growth.

The report “Unified Communication as a Service Market, By Deployment (Private Cloud, Public Cloud), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Industry Vertical (Healthcare, Automotive, BFSI, Education, IT & Telecom, Legal, Real Estate and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

• In September 2020, Ribbon Communications launched carrier-grade Unified Communications as a Service platform to IBM Cloud. Ribbon Communications offering will help financial institutions to transform their business communications with safe platform.

Analyst View:

Unified Communication as a Service (UCaaS) provides wide variety of benefits such as it helps in allowing to run the business from anywhere such as work from home or other location and thus, provides ability to employees to respond to customers from any location, increase productivity, reduce IT cost, improve customer services, which is likely to propel demand for Unified Communication as a Service market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on“Unified Communication as a Service Market, By Deployment (Private Cloud, Public Cloud), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Industry Vertical (Healthcare, Automotive, BFSI, Education, IT & Telecom, Legal, Real Estate and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Unified Communication as a Service Market accounted for US$ 57.3 billion in 2022 and is estimated to be US$ 430.9 billion by 2032 and is anticipated to register a CAGR of 21.0%. The Unified Communication as a Service Market is segmented based on Deployment, Organization Size, Industry Vertical and Region:

• Based on Deployment, Unified Communication as a Service Market is segmented into Private Cloud, Public Cloud.
• Based on Organization Size, Unified Communication as a Service Market is segmented into Small & Medium Enterprises, Large Enterprises.
• Based on Industry Vertical, Unified Communication as a Service Market is segmented into Healthcare, Automotive, BFSI, Education, IT & Telecom, Legal, Real Estate and Others.
• By Region, the Unified Communication as a Service Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Unified Communication as a Service Market:

The prominent players operating in the Unified Communication as a Service Market includes, , Amazon.com Inc., IBM Corporation, Cisco Systems Inc., ALE International, 8x8 Inc., NEC Corporation, Avaya Inc., Fuze Inc., Verizon Communications Inc., CenturyLink Inc., and others.

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