Unified Communication as a Service (UCaaS) Market Worth US$79.3 Bn by 2024

Expansion in Cloud Computing Technology to Propel Market Growth, Says TMR - Seite 2

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Increased Liberalization to Bolster AMkret Demand for UCaaS

"Developing liberalization across the globe has constrained large firms to get into cross-fringe markets, in this way fueling the demand for collaboration software to allow workers of a firm to adequately communicate among themselves," the author of the investigation remarks. UCaaS solutions bolster this need and accordingly, the market has been getting a major lift. "The effect of this factor will be on rise in the span of forthcoming years with organizations prone to expand operations in developing economies, for example, Asia Pacific and the MEA," the analyst states.

The inclination towards the popularity of the bring your own device (BYOD), different advantages provided by UCaaS solutions, along with flooding penetration of cell phones are also in charge of upcoming growth of the UCaaS market.

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Lack of Awareness to Hinder Market Growth in Coming Years

However, the less awareness about UCaaS and the advantages they offer threatens to hamper the adoption rate of UCaaS by SMEs. Nevertheless, this hindrance is anticipated to witness a minimal impact on the UCaaS market in the future.

The review is based on the findings of a report by Transparency Market Research, titled "Unified Communication as a Service (UCaaS) Market (Deployment Model - Managed, Hosted; Deployment - UC Software as a Service (SaaS), UC Platform as a Service (PaaS), UC Infrastructure as a Service (IaaS); by Services - Telephony Services, Contact Center Services, UC Application Services, Collaboration Services; End-users - Large Enterprise, Small and Medium Enterprises (SMEs), Public Sector; and Delivery Model - Stand-alone Services, Integrated Services) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024."

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Global Unified Communication as a Service (UCaaS) Market, By Deployment Model

·         Managed

·         Hosted

Global Hosted Unified Communication as a Service (UCaaS) Market, By Deployment Type

·         UC Software as a Service (SaaS)