What is Hosted IP Telephony and UCaaS Market?
VoIP (voice-over-IP) is an acronym for Voice over Internet Protocol, which also may be referred to as “IP Telephony,” “IP Phones” or “Internet Phones.” UCaaS, on the other hand, stands for Unified Communications-as-a-Service, also known as Unified Cloud Communications. The market continues on a strong growth trajectory that is creating value for businesses and growth opportunities for service providers. The Continued Integrated Services Digital Network (ISDN) decommissioning is creating opportunities to move businesses to Internet Protocol (IP)-based communications solutions, including line-side voice over IP (VoIP) access, Session Initiation Protocol (SIP) trunking, cloud private branch exchange (PBX) and UCaaS.
The market study is being classified by Type (Hosted IP Telephon and Unified Communications-as-a-service (UCaaS)) and major geographies with country level break-up.
Alestra (Mexico), AT&T (United States), BT (United Kingdom), C&W Business (United States), C3Ntro Telecom (Mexico), Centurylink (United States), China Telecom (China), Cisco Systems (United States), Digicel (Jamaica) and Embratel (Brazil) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Hosted IP Telephony and UCaaS market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Hosted IP Telephony and UCaaS market by Type, Application and Region.
On the basis of geography, the market of Hosted IP Telephony and UCaaS has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Benefits of Hosted IP Telephony and UCaaS is fuelling the market
- Accelerated growth in large enterprises segment
- High costs associated with service
- Increasing investments in telecom sector
- High competition in European countries
Key Target AudienceManufacturers, Government associations, Research organizations, Software vendors and Others
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