How Unified Communication as a Service Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Unified Communication as a Service Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Unified Communication as a Service Market Study" explored CAGR of 11.1%. According to the report, Increased Integration Options is one of the primary growth factors for the market. Increasing Demand for Transformation of IT Infrastructure for Upfront Collaboration and Communication Practices is also expected to contribute significantly to the Unified Communication as a Service market. Overall, applications of Unified Communication as a Service, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Organization Size, such as Large Enterprises, is boosting the Unified Communication as a Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Vertical, such as BFSI, is boosting the Unified Communication as a Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Telephony, is boosting the Unified Communication as a Service market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Unified Communication as a Service market identified that the demand is rising in many different parts of the world as "Increased Enterprise Mobility and Byod Usage Likely to Open Lucrative Opportunities for the Market ". Furthermore, some recent industry insights like "On 3 Oct 2019, RingCentral, Inc., a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, announced that it will enter into a commercial agreement with Avaya Holdings Corp., a global leader in solutions to enhance and simplify communications and collaboration, making it the exclusive provider of Unified Communications as a Service (UCaaS) solutions to Avaya. RingCentral and Avaya will introduce a new solution, “Avaya Cloud Office by RingCentral” (“Avaya Cloud Office” or “ACO”). RingCentral and Avaya will jointly develop programs to leverage Avaya’s global sales and partner network, as well as build automated technologies for seamless customer transition to RingCentral’s leading global UCaaS solution." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Unified Communication as a Service market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Unified Communication as a Service market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Unified Communication as a Service market size is calculated using market estimation process, the Unified Communication as a Service market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Unified Communication as a Service market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales