Europe Unified Communication As A Service Market Size & Outlook
Europe unified communication as a service market, 2018-2030 (US$M)
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Europe unified communication as a service market highlights
- The Europe unified communication as a service market generated a revenue of USD 19,158.5 million in 2023.
- The market is expected to grow at a CAGR of 19.4% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 19,158.5 million |
| Market revenue in 2030 | USD 66,459.0 million |
| Growth rate | 19.4% (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, Europe region accounted for 27.8% 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.
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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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Europe unified communication as a service market outlook
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 73.08% in 2023. Horizon Databook has segmented the Europe unified communication as a service market based on public cloud, private cloud covering the revenue growth of each sub-segment from 2018 to 2030.
Europe dominated the market significantly in 2022. Companies are making strategic investments in self-serving customer support systems, such as chatbots, to empower customers to gain quick, hasslefree responses and troubleshoot the issues commonly arising on their own.
In November 2021, NICE, an enterprise solution provider, announced the collaboration with Google Cloud to address the growing demand for efficient and automated customer self-service systems that integrate with traditional contact centers.
The combination of NICE’s CXone and Google Cloud Contact Center Artificial Intelligence (CCAI) will give businesses a more efficient way to engage customers across digital and voice touchpoints.
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Target buyers of Europe unified communication as a service market databook
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Our clientele includes a mix of unified communication as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe unified communication as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Europe unified communication as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe unified communication as a service market size, by country, 2018-2030 (US$M)
Europe Unified Communication As A Service Market Outlook Share, 2023 & 2030 (US$M)
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