Press release
Unified Communication as a Service Market to Gain Precedence over Stand-alone Services by 2024
The value of the global UCaaS market was pegged at US$8.23 bn in 2015 and is projected to expand at an impressive CAGR of 29.4% from 2016 to 2024 to reach US$79.3 bn by the end of the forecast period.
Link to Brochure Download: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4162
By deployment model, hosted UCaaS solutions led the market in 2015 and the segment is expected to retain its lead through 2024. This is mainly owing to the rising adoption of Internet Protocol (IP) telephony across the world. The low total cost of ownership (TCO) and major advancements in cloud communication platforms are also supporting the adoption of hosted UCaaS solutions across various industry verticals.
Based on service, telephony services emerged as the key contributor in the UCaaS market. The segment is expected to continue its lead through 2024 thanks to the growing adoption of hosted telephony as a part of enterprise UCaaS solutions.
By delivery model, stand-alone services led the UCaaS market in 2015. However, by 2024, the revenue generated by the integrated services segment is expected to surpass that by stand-alone services. The rising demand for integrated services across various businesses is likely to bring about this shift.
Asia Pacific is forecast to be the most rapidly growing market for UCaaS owing to the rising inclination of large companies toward UCaaS solutions. The region also presents immense opportunities for the establishment of contact center services due to a growing population proficient in the English language. Asia Pacific is a lucrative option for various businesses due to the availability of a comparatively cheaper workforce and rapid growth in emerging economies such as India and China. Campaigns such as ‘Make in India’ have led to the establishment of offices and manufacturing units in India, which is anticipated to further the need for UCaaS to stay connected with the headquarters situated at a different location. Moreover, the introduction of new mobile phones and tablets is going to increase the demand for unified communication in this region.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Unified Communication as a Service Market to Gain Precedence over Stand-alone Services by 2024 here
News-ID: 366080 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for UCaaS
Ucaas Providers Market Size Analysis by Application, Type, and Region: Forecast …
USA, New Jersey- According to Market Research Intellect, the global Ucaas Providers market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The market for UCaaS (Unified Communications as a Service) providers is expanding quickly due to the growing demand for effective communication solutions from companies all…
Key Influencer in the Unified Communication as a Service (UCaaS) Market 2025: Un …
How Are the key drivers contributing to the expansion of the unified communication as a service (ucaas) market?
The unified communication as a service market's growth is predicted to surge due to the increasing popularity of BYOD and mobility. BYOD, or bring your own device, alludes to the practice of utilizing personal devices for official purposes, which many organizations endorse for improved productivity. There is evidence to suggest that BYOD can…
Key Influencer in the Unified Communication as a Service (UCaaS) Market 2025: Un …
How Are the key drivers contributing to the expansion of the unified communication as a service (ucaas) market?
The unified communication as a service market's growth is predicted to surge due to the increasing popularity of BYOD and mobility. BYOD, or bring your own device, alludes to the practice of utilizing personal devices for official purposes, which many organizations endorse for improved productivity. There is evidence to suggest that BYOD can…
UCaaS Software Market Size, Share & Forecast 2020-2026
This report focuses on the global UCaaS Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the UCaaS Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-25N905/Global_UCaaS_Software_Market_Size
The key players covered in this study
Zoom
Jive Communications
Intermedia
Nextiva
Dialpad
RingCentral
Cisco
Vonage
CallTrackingMetrics
Unify
8X8
Avaya
Genesys
Mitel Networks
Fuze
I-control
Market segment by Type, the product can be split into
On-premise
Cloud-based
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-25N905/global-ucaas-software
Market segment by…
Unified Communication as a Service (UCaaS) Market: Significant Growth in Store f …
Unified Communication as a Service (UCaaS) is an emerging technology that has rapidly garnered a lot of attention from developer communities and enterprises. The global UCaaS market is poised to witness a significant rise in demand for UCaaS solutions from enterprises and businesses keen on increasing the efficiency of existing processes. A number of these enterprises are now switching from traditional business processes to communications-enabled business processes.
The value of the…
Unified Communication as a Service (UCaaS) Market for Integrated UCaaS to Gain P …
Unified Communication as a Service (UCaaS) is an emerging technology that has rapidly garnered a lot of attention from developer communities and enterprises. The global UCaaS market is poised to witness a significant rise in demand for UCaaS solutions from enterprises and businesses keen on increasing the efficiency of existing processes. A number of these enterprises are now switching from traditional business processes to communications-enabled business processes.
The value of the…
