Market revenue in 2023 | USD 1,239.0 million |
Market revenue in 2030 | USD 5,312.1 million |
Growth rate | 23.1% (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 |
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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 70.67% in 2023. Horizon Databook has segmented the Mexico 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 growth can be attributed to the rising popularity of the work-from-home model, which is compelling employers to adopt UCaaS solutions. This trend is driven by the realization that UCaaS offers significant benefits, allowing enterprises to reevaluate their operational costs and safeguard their profit margins from potential declines.
Furthermore, Mexico's diverse business landscape benefits from UCaaS scalability, accommodating both small enterprises and large corporations. The mobility and flexibility provided by UCaaS align with the country's need for geographically dispersed operations, which is expected to drive the market growth over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico unified communication as a service market , including forecasts for subscribers. This country databook contains high-level insights into Mexico unified communication as a service market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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