Latin America Unified Communication As A Service Market Size & Outlook
Latin America unified communication as a service market, 2018-2030 (US$M)
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Latin America unified communication as a service market highlights
- The Latin America unified communication as a service market generated a revenue of USD 4,610.2 million in 2023.
- The market is expected to grow at a CAGR of 22.3% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 4,610.2 million |
| Market revenue in 2030 | USD 18,890.9 million |
| Growth rate | 22.3% (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, Latin America region accounted for 6.7% 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 72.6% in 2024. Horizon Databook has segmented the Latin America unified communication as a service market based on public cloud, private cloud covering the revenue growth of each sub-segment from 2018 to 2030.
It is primarily attributable to the region’s expanding hybrid and remote work environments, which indicate a surge in demand for UCaaS from businesses desperate to improve employee collaboration and remote communications.
\For instance, in May 2023, BlueJeans by Verizon, a cloud-based video conferencing service, introduced its latest Partner Lead Program.
This initiative empowers their partners to seamlessly provide BlueJeans Basic to their customers through their website, simplifying customer registration and providing effective opportunity tracking for their valued partners.
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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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Latin America unified communication as a service market size, by country, 2018-2030 (US$M)
Latin America Unified Communication As A Service Market Outlook Share, 2024 & 2030 (US$M)
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