Unified Communication As a Service Market Growth 2022 Along with Global Industry Size, Industry Share and Forecast with Upcoming Trends 2029

 The global “Unified Communication As a Service Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled " Unified Communication As a Service Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline, and challenges during the entire forecast period.

The unified communication as a service (UCaaS) market size was USD 25.85 billion in 2020 and is expected to grow from USD 28.96 billion in 2021 to USD 69.93 billion in 2028, at a CAGR of 13.4% during the 2021-2028 period. 

Read More: 

https://www.fortunebusinessinsights.com/industry-reports/unified-communication-as-a-service-ucaas-market-101934


LIST OF KEY COMPANIES PROFILED:

  • RingCentral, Inc. (California, U.S.)
  • ALE International (Boulogne-Billancourt, France)
  • Sify Technologies, Ltd (Chennai, India)
  • Tata Communications, Ltd. (Maharashtra, India)
  • Verizon Communication, Inc (New York, U.S.)
  • Genesys (California, U.S.)
  • Metaswitch Networks Ltd (London Borough of Enfield, U.K.)
  • Mitel Networks Corporation (Ottawa, Canada)
  • Polycon, Inc. (California ‎, U.S.)
  • Zoom Video Communications, Inc. (California, U.S.)

Driver: Increasing Rate of Recovery of Financial Losses to Stimulate Unified Communication As a Service Market Growth

The increase in the rate of recovery of financial losses is anticipated to augment the growth of the Unified Communication As a Service Market within the estimated period. Unified Communication As a Service Market helps all organizations and enterprises mitigate losses from a variety of incidents that take place every day, from a data breach involving sensitive customer information to network damage and disruption. Though does not protect any organization against the hack itself, it does offer help before, during, and after an attack. Further, it also helps with the costs associated with remediation, including payment for legal assistance, crisis communicators, investigators, and customer credits or refunds. However, the lack of awareness related to Unified Communication As a Service Market Moreover, the increasing adoption of artificial intelligence and blockchain technology for risk analytics is further anticipated to support the growth in the years to come.

 

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