Asia Pacific Unified Communication As A Service Market Size & Outlook
Asia Pacific unified communication as a service market, 2018-2030 (US$M)
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Asia Pacific unified communication as a service market highlights
- The Asia Pacific unified communication as a service market generated a revenue of USD 16,889.1 million in 2023.
- The market is expected to grow at a CAGR of 23.5% from 2024 to 2030.
- In terms of segment, public cloud was the largest revenue generating deployment in 2023.
- Private Cloud is the most lucrative deployment segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| 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 |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.5% of the global unified communication as a service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 73,871.3 million by 2030.
Public cloud was the largest segment with a revenue share of 73.76% in 2024. 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.
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Unified Communication As A Service Market Scope
Unified Communication As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific unified communication as a service market size, by country, 2018-2030 (US$M)
Asia Pacific Unified Communication As A Service Market Outlook Share, 2024 & 2030 (US$M)
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