Global Unified Communications as a Service (UCaaS) Industry

Global Unified Communications as a Service (UCaaS) Industry

  • April 2021 •
  • 227 pages •
  • Report ID: 5961503 •
  • Format: PDF
Abstract:
- Global Unified Communications as a Service (UCaaS) Market to Reach $114.5 Billion by 2027
- Amid the COVID-19 crisis, the global market for Unified Communications as a Service (UCaaS) estimated at US$31 Billion in the year 2020, is projected to reach a revised size of US$114.5 Billion by 2027, growing at aCAGR of 20.5% over the period 2020-2027. Public Cloud, one of the segments analyzed in the report, is projected to record 21.8% CAGR and reach US$93.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Private Cloud segment is readjusted to a revised 15.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $9.2 Billion, While China is Forecast to Grow at 19.7% CAGR
- The Unified Communications as a Service (UCaaS) market in the U.S. is estimated at US$9.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.5 Billion by the year 2027 trailing a CAGR of 19.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 17.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.8% CAGR.

- Select Competitors (Total 117 Featured) -
  • 8x8 Inc.
  • AT&T, Inc.
  • Avaya Inc.
  • BT Group plc
  • Centile Telecom Applications
  • Cisco Systems Inc.
  • DXC Technology Co.,
  • Fuze
  • IBM Corp.
  • Microsoft Corp.
  • Mitel Networks Corporation
  • NTT Communications
  • Orange Business Services
  • RingCentral Inc.
  • Verizon Enterprise Solutions
  • Vonage
  • West Corporation