The global unified communication as a service market is expected to grow at a significant CAGR during 2017-2025.

Portland, OR -- (SBWire) -- 06/14/2018 --Unified communication as a service market (UCaaS) is a cloud-based delivery model that offers variety of collaboration, communication services and applications. Due to its limitless benefits, several companies opt for unified communication as a service market (UCaaS) to reduce capital and operational expenses. UCaaS services involve presence technology and enterprise messaging, telephony, and video conferencing. In addition, it provides high level of scalability and availability to core business. Furthermore, it offers less cost of ownership than other communication tools.

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Drivers and Restraints:

The global unified communication as a service market is driven by low-cost of UCaaS solution and increased adoption of the services in small and medium enterprises. In addition, UCaaS improves business processes by streamlining communication, which in turn boosts revenue. However, several dynamics such as lack of awareness of UCaaS solutions and certain problems of privacy and security hinder the growth of global unified communication as a service market. The demand for unified communication as a service is increased globally, especially in counties in Asia-Pacific region such as India, Japan, and China, which will create more opportunities in the global unified communication as a service market.

Key Segmentation:

By Component
Messaging
Collaboration applications
Telephony
Conferencing

By Application
Banking
Retail
Government
Hospitality
Financial services and insurance (BFSI)
Telecom & IT
Healthcare
Other

By Enterprise Size
Small Enterprises
Medium Enterprises
Large Enterprises

By Region
North America
Canada
U.S.
Mexico

Asia-Pacific
China
Australia
South Korea
Japan
India
Rest of Asia-Pacific

Europe
Germany
Spain
Italy
U.K.
France
Rest of Europe

LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

Key Market Players:

The report analyzes the top market players to help business analysts and entry-level organizations to plan their strategies to sustain in the market. Key market players profiled in the global unified communication as a service market are IBM Corporation, Cisco Systems Inc., Computer Science Corporation, Polycom Inc., Voss Solutions, Abaya Inc., Microsoft Corporation, Hewlett-Packard Development Company, and Verizon Enterprise Solutions.

Key Takeaways from the Report:

The report provides an in-depth analysis of the global unified communication as a service market.
The report includes global unified communication as a service market size, trends, share, and opportunities.
The report provides forecast of the global unified communication as a service market based on current market trends and potential of the market.
Along with market opportunities, several factors affecting the global unified communication as a service market including drivers and restrains are studied in the report.
A thorough analysis of key market players is provided to help understand the competitiveness of the industry.
An extensive region-wise analysis of the global unified communication as a service market is provided to understand the market growth.