Global Unified Communication as a Service Market to Grow at a CAGR of 25.32% by 2021
March 22, 2017 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Global Unified Communication as a Service Market 2017-2021" report to their offering. The global unified communication as a service market to grow at a CAGR of 25.32% during the period 2017-2021.
The report, Global Unified Communication as a Service Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
According to the report, one driver in market is increased use of UCaaS by SMBs. The SMB segment is largely characterized by owner-driven businesses that lack standardized processes and IT knowledge. The intense competition has made SMBs realize that investing in IT has a direct and positive impact on their businesses. IT providers are required to reach out to geographically spread SMBs and educate them on business offerings and their subsequent business impact.
The number of SMBs is increasing exponentially in developing nations due to the implementation of government policies and programs that encourage entrepreneurship. SMBs are exposed to various types of challenges such as fluctuating consumer demands, complexities in the supply chain management system, and unstable macroeconomic factors. SMBs are usually fragmented and unorganized, which often compels vendors to market their IT solutions through direct channels.
Suggested Items
SPEA Expands in Southeast Asia with New Subsidiary in Thailand
05/17/2024 | SPEASPEA, a global leader in automatic test equipment for the manufacturing of semiconductor, microelectronic and electronic devices, today announced the opening of its new subsidiary in Thailand. This expansion marks a significant step forward in SPEA's commitment to serving the growing Southeast Asian microchip and electronics market with leading-edge manufacturing machinery and equipment.
PCB Market Size to Grow by $29.06B from 2024-2028
05/17/2024 | PRNewswireThe global printed circuit board (PCB) market size is estimated to grow by USD 29.06 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.6% during the forecast period.
AT&S 2024/25 on Growth Course Again
05/17/2024 | AT&SAT&S operated in a challenging market environment in the financial year 2023/24. After a strong second quarter, demand was relatively weak again in some market segments in the second half of the financial year.
Shipments of OLED Monitors Hit 200,000 Units in 1Q24, Annual Forecast to Reach 1.34 Million
05/17/2024 | TrendForceTrendForce’s latest report reveals a robust start to 2024 for OLED monitors, with shipments reaching approximately 200,000 units in the first quarter—marking a YoY growth of 121%.
Magnachip Celebrates the Grand Opening of Magnachip Technology Company in China
05/16/2024 | MagnachipMagnachip Semiconductor Corporation celebrated the opening ceremony of Magnachip Technology Company, Ltd. (MTC) yesterday at its headquarters located in Hefei, China. MTC is a subsidiary of Magnachip, established on December 20, 2023, to expand the Company’s display driver IC and power IC businesses in China.