Market revenue in 2023 | USD 16,889.1 million |
Market revenue in 2030 | USD 73,871.3 million |
Growth rate | 23.5% (CAGR from 2023 to 2030) |
Largest segment | Public cloud |
Fastest growing segment | Private Cloud |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Public Cloud, Private Cloud |
Key market players worldwide | 8x8 Inc, Alcatel-Lucent Enterprise, Avaya, Cisco Systems Inc, International Business Machines Corp, Mitel Networks Corporation, NEC Corp, RingCentral Inc Class A |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to unified communication as a service market will help companies and investors design strategic landscapes.
Public cloud was the largest segment with a revenue share of 73.76% in 2023. Horizon Databook has segmented the Asia Pacific unified communication as a service market based on public cloud, private cloud covering the revenue growth of each sub-segment from 2018 to 2030.
The significant growth can be credited to the continuous digitization and growing mobile workforce, as the region is expanding in the field of technology with increasing penetration of 4G and 5G technology. Moreover, the presence of several multinational companies in the region is driving the demand for UCaaS.
Organizations are evolving through new technology by becoming the hub for artificial intelligence, and there is a considerable growth for organization that provides AI related services related at a global scale.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific unified communication as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific unified communication as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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