What is UCaaS Providers Market?
UCaaS is a cloud-delivered unified communications model that offers various collaboration services and applications as well as communication functions including enterprise telephony, meetings, unified messaging, instant messaging and presence, and others. UCaaS provides a broad range of communication and collaboration applications and services in the cloud. North America is expected to hold the largest market share during the forecast period.
The market study is being classified and major geographies with country level break-up.
Mitel (Canada), Vonage (United States), Dialpad (United States), RingCentral (United States), GoToConnect (United States), Nextiva (United States), Livestorm (France), Zoom (United States), TechRadar (United States) and 8×8 (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Bitrix24 (United States) and Microsoft (United States).
Global UCaaS Providers is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Sevices and Systems. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global UCaaS Providers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global UCaaS Providers market by Type, Application and Region.
On the basis of geography, the market of UCaaS Providers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Application of UCaaS in the Education Sector
Market Trend
- Technological Advancement across the Globe
- Need for Better Analytics
Restraints
- Lack of ready-to-use UCaaS Solutions
Opportunities
- Rising Implementation of UCaaS to Increase Productivity and Revenue Growth can create Opportunities for the Market Growth
Market Leaders and some development strategies
On 9th November 2021, Mitel and RingCentral announced a strategic partnership. The combination allows customers to transition seamlessly to cloud-based unified business communications.
On 16th July 2021, Mitel has launched two cloud-first partner programs. The new launch offers flexibility for partners and creates a huge opportunity for partners to support customers in new ways as they transition to the cloud or look to optimize the power of an existing cloud solution.
Key Target Audience
UCaaS Providers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others