Unified Communications as a Service (UCaaS), the third party network delivery of communication applications, has opened the door for Managed Service Providers (MSPs), Value Added Resellers (VARs), and IT Solutions Providers to take market share and capture new revenue streams from the large telecommunications providers.
Because companies of all sizes can benefit from unified communications, there is no limit to opportunity. In fact, In fact, noted market research firm Frost & Sullivan has forecasted that the UCaaS market will grow from $8.69 Billion in 2020 to $15.92 Billion in 2024 —that’s an impressive
Compound Annual Growth Rate (CAGR) of 16.34%.
But what does UCaaS mean for you? This can be answered by addressing an equally important question: What does UCaaS mean for you? According to IDG Enterprise, much of UCaaS market growth is being powered by companies wanting to increase employee collaboration and productivity, and to accommodate more mobile workforces. By offering a complete package of unified communications services, You can provide solutions for improving efficiency while reducing your communications vendors to a single provider – you no longer need to juggle multiple vendors and their respective platforms and technology, while hoping their services are somewhat compatible with one another. You can offer it all, and because the services are delivered from the same platform, you can guarantee simplified management and ease-of-use.
“Because companies of all sizes can benefit from unified communications, there is no limit to opportunity.”