Business Opportunity With Unified Communication As A Service Market In Systems Software Industry

COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio
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NEW YORK, June 25, 2021 /PRNewswire/ -- The Unified Communication as a Service Market report has been added to Technavio's offering. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Our client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.

The unified communication as a service market is expected to grow by USD 66.23 billion, progressing at a CAGR of over 25% during the forecast period. 

Download: Analysis on Unified Communication as a Service Market characteristics

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What will Drive the Market?

The shift from CAPEX to OPEX is one of the major factors propelling the market growth. However, factors such as system integration and interoperability issues may impede market growth.

Unified Communication as a Service Market Segmentation by End-user

Organizations in the BFSI industry are adopting UCaaS to minimize the total cost of ownership (TCO) of IT expenditures. Regulations and compliance norms are continuously evolving in this sector. This has compelled many organizations to implement flexible IT solutions that adhere to the latest regulatory standards. UCaaS enables organizations to use telephony services on a common platform as per business requirements.

Services such as instant messaging, teleconferencing, and video call services are immensely used in the BFSI sector. The addition of features, such as real-time speech recognition technologies and advanced IT security, enables product differentiation among UCaaS providers for organizations in this sector.

During the forecast period, the financial sector is expected to focus on the improvement of customer services; superior workflow automation of core and allied activities, such as deposits, lending, and leasing; and regulatory compliance. This will likely lead to an increase in the deployment of UCaaS solutions in organizations.

Unified Communication as a Service Market Segmentation by Geography

44% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for unified communication as a service market in North America. Market growth in this region will be slower than the growth of the market in other regions. The presence of large enterprises and the availability of high-speed broadband networking will facilitate the unified communication as a service market growth in North America over the forecast period.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Vendor Profile:

  • 8x8 Inc.
  • ALE International
  • AT and T Inc.
  • Fuze Inc.
  • Microsoft Corp.
  • Mitel Networks Corp.
  • NEC Corp.
  • NetScout Systems Inc.
  • Oracle Corp.
  • Verizon Communications Inc.

What to offer?

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Buy our Unified Communication as a Service Market report right now to gain access to a detailed customer landscape matrix comparing key industry-driven parameters.

https://www.technavio.com/Buy Now!

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Enterprise collaboration - Market size and forecast 2020-2025
  • Enterprise telephony - Market size and forecast 2020-2025
  • Contact center - Market size and forecast 2020-2025
  • Market opportunity by Application

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • BFSI - Market size and forecast 2020-2025
  • ICT - Market size and forecast 2020-2025
  • Healthcare - Market size and forecast 2020-2025
  • Retail - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by End-user

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 8x8 Inc.
  • ALE International
  • AT and T Inc.
  • Fuze Inc.
  • Microsoft Corp.
  • Mitel Networks Corp.
  • NEC Corp.
  • NetScout Systems Inc.
  • Oracle Corp.
  • Verizon Communications Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio Research Jesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comReport: https://www.technavio.com/talk-to-us?report=IRTNTR70636

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