Market revenue in 2023 | USD 3,584.7 million |
Market revenue in 2030 | USD 15,270.1 million |
Growth rate | 23% (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 |
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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 74.2% in 2023. Horizon Databook has segmented the Middle East & Africa unified communication as a service market based on public cloud, private cloud covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments to reduce traveling costs, optimize communication infrastructure, smallto-medium business (SMB) adoption of unified communications as a service, and a paradigm shift towards mobile applications are expected to be the key market drivers in the Middle East.
For instance, in October 2022, stc Bahrain, a telecommunications company based in Bahrain, received the ‘Unified Communication Partner of the Year’ award at the Gulf Information Technology Exhibition (Gitex) 2022.
The organization has earned this award in recognition of its service innovation, which resulted in a remarkable doubling of 'stc One' subscribers year-on-year. This achievement underlines the growing demand of the market in the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa unified communication as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa unified communication as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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