Unified Communication As A Service Market — Increasing Popularity of Bring Your Own Device Boost Growth

The global unified communication as a service (UCaaS) market is prophesized to attract growth on the back of the need to switch from traditional business to communication-enabled business processes. Such a switch is expected to enhance the efficiency of various business operations. UCaaS is an emerging, ready-to-go technology that is permanently updated, pre-integrated, and standardized. The service leads to improved productivity and accelerated decision-making keeping the cost low.
The world UCaaS market is expected to gain momentum and obtain strength to capture major growth prospects due to a significant rise in the number of people using mobile phones worldwide. As businesses spread across the globe, the need to communicate with each other effectively across the border has significantly augmented. Collaboration tools that could provide with improved and effective communication between employees are the need of the hour. As such, the need for UCaaS solutions rises thereof. However, the market is restrained by the lack of knowledge and awareness about UCaaS.
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The emergence and increasing popularity of bring your own device (BOYD) trend has bolstered the growth of the world UCaaS market. UCaaS solutions not only provide improved services but also tighten security and enhance reliability, especially that of corporate devices. Furthermore, with the phenomenal penetration of mobile phones on a global platform, the market for UCaaS is prophesized to obtain an immense opportunity for growth.
Some of the vital companies worth studying their business strategies and growth path in the worldwide UCaaS market are IBM Corporation, Alcatel-Lucent SA (Nokia Networks), Verizon Communications, Packard Development Company, L.P., Avaya, Inc., West Corporation, Microsoft Corporation, Hewlett- Polycom, Inc., Unify, Inc. (Atos SE), Cisco Systems, Inc., and Avanade Inc. The report provides a deeper insight into the nature and other fundamental characteristics of the competitive landscape.

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