China Unified Communication As A Service Market Size & Outlook
China unified communication as a service market, 2018-2030 (US$M)
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China unified communication as a service market highlights
- The China unified communication as a service market generated a revenue of USD 7,084.3 million in 2023 and is expected to reach USD 27,483.1 million by 2030.
- The China market is expected to grow at a CAGR of 21.4% 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 7,084.3 million |
| Market revenue in 2030 | USD 27,483.1 million |
| Growth rate | 21.4% (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, China accounted for 10.3% 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 Asia Pacific, China unified communication as a service market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 13,441.0 million by 2030.
Public cloud was the largest segment with a revenue share of 75.92% in 2024. Horizon Databook has segmented the China unified communication as a service market based on public cloud, private cloud covering the revenue growth of each sub-segment from 2018 to 2030.
This can be credited to the rapid economic growth and increasing adoption of latest technologies across the domestic enterprises. Moreover, the presence of several prominent UCaaS solutions provider in the country is also strengthening the market outlook.
In addition, the strategic initiatives by the leading market players such as mergers, acquisitions, and new product launches are also favoring market growth. In April 2023, Microsoft localized Microsoft Teams in China with an aim to fulfill the rising demand for more efficient and engaging work applications.
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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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China unified communication as a service market size, by deployment, 2018-2030 (US$M)
China Unified Communication As A Service Market Outlook Share, 2024 & 2030 (US$M)
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