Unified Communication as a Service (UCaaS) Market: Market for Integrated UCaaS to Gain Precedence over Stand-alone Services by 2024
Unified Communication as a Service (UCaaS) Market: Snapshot Unified Communication as a Service (UCaaS) is an emerging technology that has rapidly garnered a lot of attention from developer communities and enterprises. The global UCaaS market is poised to witness a significant rise in demand for UCaaS solutions from enterprises and businesses keen on increasing the efficiency of existing processes. A number of these enterprises are now switching from traditional business processes to communications-enabled business processes. The value of the global UCaaS market was pegged at US$8.23 bn in 2015 and is projected to expand at an impressive CAGR of 29.4% from 2016 to 2024 to reach US$79.3 bn by the end of the forecast period. Market for Integrated UCaaS to Gain Precedence over Stand-alone Services by 2024 By deployment model, hosted UCaaS solutions led the market in 2015 and the segment is expected to retain its lead through 2024. This is mainly owing to the rising a...