Canada Unified Communication As A Service Market Size & Outlook
Canada unified communication as a service market, 2018-2030 (US$M)
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Canada unified communication as a service market highlights
- The Canada unified communication as a service market generated a revenue of USD 5,291.9 million in 2023 and is expected to reach USD 19,761.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 20.7% 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.
Unified communication as a service market data book summary
| Market revenue in 2023 | USD 5,291.9 million |
| Market revenue in 2030 | USD 19,761.2 million |
| Growth rate | 20.7% (CAGR from 2023 to 2030) |
| Largest segment | Public cloud |
| Fastest growing segment | Private Cloud |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 7.7% of the global unified communication as a service market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. unified communication as a service market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 19,761.2 million by 2030.
Public cloud was the largest segment with a revenue share of 73.37% in 2024. Horizon Databook has segmented the Canada 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 expanding trends of BYOD, increase in the mobile workforce, and provision of a hybrid workplace model are expected to have a significant impact on regional market growth throughout the forecast period.
Organizations in the region have begun to migrate to Unified Communications (UC) systems to boost revenues, reduce operating costs, and maintain customer relationships. UC increases decision-making by combining many communication tools, such as multimodal communication, on a single platform.
As a result, unified communications systems encourage cross-functional cooperation and produce exceptional results. Further, smart appliances have largely replaced the conventional work culture that relied on desktops, PCs, and computers as the key means of business communication, which allows employees stay connected from anywhere at any time using mobile devices that enable UC.
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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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Canada unified communication as a service market size, by deployment, 2018-2030 (US$M)
Canada Unified Communication As A Service Market Outlook Share, 2024 & 2030 (US$M)
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