DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Unified Communication as a Service (UCaaS) Market by Component (Telephony, Unified Messaging, Conferencing), Organization Size (Small, Medium, and Large), Industry (BFSI, Telecom & IT, Consumer Goods & Retail), and Region - Global Forecast to 2021" report to their offering.
The UCaaS market size is estimated to grow from USD 17.35 billion in 2016 to USD 28.69 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.6% due to the increasing need for communication infrastructure across the world.
The UCaaS market is growing rapidly because of the increase in adoption of unified communication services, due to shifting of expenses from CAPEX to OPEX.
Growing trends of mobility and Bring Your Own Device (BYOD), shifting expense from CAPEX to OPEX and service deployment across the globe and growing importance of asset tracking are some of the drivers of the Unified Communication as a Service (UCaaS) market
Enterprises are expected to gain prominent traction during the forecast period
The enterprises segment is expected to grow at the highest CAGR during the forecast period. UCaaS is ideal for large asset intensive companies that have large amounts of equipment, which require seamless communication across the globe. Enterprises are more receptive towards the deployment of unified communication services as they need to supervise the lifecycle activities of workforce in order to make the most of the return on investments.
North America is witnessing a high growth potential during the forecast period
North America is expected to account for the largest market share in 2016. With the increasing use of unified services in consumer goods & retail and logistic & transportation verticals in the U.S. and Canada, the UCaaS market in this region is set to grow at a rapid pace in the region. Driving force behind the growth of the UCaaS market is the digitization of businesses and adoption of cloud services by small, medium, and large enterprises.
The various key unified communication service providers profiled in the report are as follows:
- 8x8, Inc.
- BT Group
- Cisco Systems, Inc.
- Computer Sciences Corporation
- Microsoft Corporation
- Polycom, Inc.
- Star2star Communications
- Verizon Communications, Inc.
- Voss Solutions
- West Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Unified Communication as A Service Market Overview
6 Industry Trends
7 Unified Communication as A Service Market Analysis, By Component
8 Unified Communication as A Service Market Analysis, By Organization Size
9 Unified Communication as A Service Market Analysis, By Industry
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/qtz67d/unified
Related Topics: Unified Communications
Euope Unified Communication AS-A-Service Market. By Component (Telephony), Organization Size (Small Businesses, Large Enterprises), Vertical (BFSI, Telecom & IT), Geography (U.K., Germany, France, Italy) - Analysis and Forecast to 2020