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Unified Communication as a Service Market to Cross USD 265.22 Billion by 2030 Driven by Need for Flexible and Integrated Communication Solutions that Support Modern Work Environments | Research by SNS Insider

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Pune, May 17, 2023 (GLOBE NEWSWIRE) — “According to SNS Insider, the Unified Communication as a Service Market was valued at USD 57.34 billion in 2022. It is projected to reach USD 265.22 billion by 2030, with a compound annual growth rate (CAGR) of 21.1% during the forecast period of 2023-2030.”

Market Overview

Unified Communication as a Service (UCaaS) is a cloud-based communication solution that integrates various communication and collaboration tools into a unified platform. It brings together real-time communication channels such as voice calling, video conferencing, instant messaging, presence, and file sharing, along with other collaborative features like document collaboration and project management. UCaaS leverages the power of cloud computing to provide businesses with a scalable, flexible, and cost-effective communication infrastructure.

Unified Communication as a Service Market Analysis

One of the key drivers behind the expanding unified communication as a service market is the growing demand for real-time communication solutions. To cater to this demand, vendors have introduced innovative WebRTC (Web Real-Time Communication) solutions. These solutions leverage the power of 5G networks to deliver faster video streaming and real-time chats on client devices. By harnessing the benefits of 5G’s lightning-fast speeds and low latency, WebRTC solutions enable users to engage in high-quality, uninterrupted communication experiences. In addition to enhanced connectivity, the integration of intelligent chatbots and predictive intelligence features has further propelled the UCaaS market. These cutting-edge technologies, powered by artificial intelligence (AI) and machine learning (ML), have transformed the way businesses communicate and collaborate remotely.

Get a Sample Report of Unified Communication as a Service Market@ https://www.snsinsider.com/sample-request/1585

Key Company Profiles Listed in this Report are:

  • Alcatel-Lucent SA (Nokia)
  • Avanade, Inc.
  • 8×8, Inc.
  • IBM Corporation
  • Cisco Systems, Inc.
  • Fuze, Inc.
  • Polycom, Inc.
  • Unify, Inc.
  • West Corporation
  • Avaya, Inc. & Others

Impact of Recession on Unified Communication as a Service Market Growth

While a recession can present challenges for unified communication as a service market, it also brings opportunities for growth and increased adoption. The cost savings, scalability, and remote collaboration capabilities offered by UCaaS can be particularly appealing during an economic downturn.

Unified Communication as a Service Market Report Scope:

Report Attributes Details
Market Size in 2022  US$ 57.34 Bn
Market Size by 2030  US$ 265.22 Bn
CAGR   CAGR of 21.1% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
UCaaS Market: Key Segmentation • By Deployment (Public Cloud and Private Cloud)
• By Component (Telephony, Unified Messaging, Conferencing, Collaboration Platforms & Applications)
• By Industry Vertical (Automotive, Education, Healthcare, BFSI, Hospitality, Real Estate, Legal, IT & Telecom, Other)
Key Regional Coverage North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)

Key Regional Developments

North America stands tall as the indisputable leader in the unified communication as a service market, bolstering its position as the most lucrative region for this evolving industry. The region’s dominance can be attributed to a multitude of factors, with the growing preference for remote work and the increasing significance of bring your own device (BYOD) policies acting as pivotal drivers of market growth. One key catalyst behind North America’s supremacy in the UCaaS market is the rapid adaptation to the work-from-home culture. As organizations recognize the numerous advantages of remote work, they are actively embracing UCaaS solutions to enable seamless communication and collaboration among their distributed teams.

Do you have any specific queries related to Unified Communication as a Service Market study? Ask Your Query@ https://www.snsinsider.com/enquiry/1585

Key Takeaway from Unified Communication as a Service Market Study

  • The public cloud segment of the market is poised for stable growth due to its numerous advantages, including scalability, cost-effectiveness, enhanced collaboration, improved security, and customization capabilities.
  • As businesses increasingly recognize the value and benefits of unified communication as a service, the telephony segment continues to register stable growth in the market. Its flexibility, cost-efficiency, enhanced collaboration capabilities, advanced features, and reliability contribute to its growing popularity among organizations of all sizes and across various industries.

Recent Developments Related to Unified Communication as a Service Market

  • In a strategic move to strengthen its position in the unified communications and collaboration (UC&C) market, Mitel has announced exclusive negotiations with Atos, a global leader in digital transformation, to acquire its UC&C business, known as Unify. The potential acquisition marks a significant development in the UC&C industry and showcases Mitel’s commitment to expanding its portfolio and delivering innovative communication solutions to businesses worldwide.
  • Westland Insurance, a leading insurance provider, has recently chosen RingCentral as its preferred provider for unified communications and scalability solutions. This strategic decision comes as Westland Insurance aims to enhance its internal and external communication capabilities while ensuring scalability to support its rapid growth and evolving business needs.

Table of Contents

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

     4.1 COVID-19 Impact Analysis

     4.2 Impact of Ukraine- Russia War

     4.3 Impact of Ongoing Recession on Major Economies

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Unified Communication as a Service Market Segmentation, by Deployment

9. Unified Communication as a Service Market Segmentation, by Component

10. Unified Communication as a Service Market Segmentation, by Industry Vertical

11. Regional Analysis

12. Company Profiles

13. Competitive Landscape

14. Conclusion

Buy Single-User PDF of Unified Communication as a Service Market Report@ https://www.snsinsider.com/checkout/1585

[For more information or if need any customization research related to this study mail us on [email protected]]

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominate the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we’re proud to be recognized as one of the world’s top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

Access Complete Report Details@ https://www.snsinsider.com/reports/unified-communication-as-a-service-market-1585


Artificial Intelligence

Kharon Data and Technology Selected by U.S. Department of the Treasury

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Treasury officers will gain access to Kharon’s platform for sanctions-related risk intelligence
WASHINGTON, May 7, 2024 /PRNewswire/ — Kharon announces the signing of a contract with the U.S. Department of the Treasury. Through this engagement, officials within the Treasury Department will gain access to Kharon’s global risk analytics platform. Kharon’s insights and analytic tools are used by leading financial institutions, companies, and governments to address global security threats, and to support risk management in connection with KYC, transaction screening, sanctions evasion, investigations, and trade controls.

This award underscores Kharon’s commitment to helping organizations navigate the complexities of sanctions compliance and combatting sanctions evasion, including the OFAC and EU 50 percent rules, FinCEN alerts on Harmonized System (HS) codes and export control evasion, and countering terrorist financing.
Alongside a recent award with the U.S. Customs and Border Protection, this engagement with the Treasury Department expands the U.S. Government’s access to Kharon insights, data analytics, and investigative workflow tools for critical public sector security objectives.
Kharon’s expertise in generating data-driven insights will assist the Treasury Department with its mission of disrupting the financial operations that underpin the networks of foreign actors tied to global security threats, including terrorism, nuclear and missile proliferation, Russia’s invasion of Ukraine, human rights violators, transnational crime, corruption, and others. Kharon insights draw upon all available open-source information and are powered by world-class subject matter expertise and data analytics combined with cutting-edge AI and natural language processing (NLP) systems. Kharon has been awarded multiple patents for its transformative analytic and workflow tools that have helped leading banks and corporates minimize risk and maximize efficiency for critical compliance, investigative, and risk management functions.
“Effectively implementing sanctions and trade controls requires both public and private sector organizations to have the insights needed to counter evasion,” said Howard Mendelsohn, Kharon’s Chief Client Officer. “This award represents an additional step in aligning critical insights across the public and private sectors. We are proud to support the U.S. Department of the Treasury in its critical mission.”
About Kharon
Kharon helps leading organizations identify a wide range of sanctions and compliance risks, critical to managing financial crimes, supply chain exposure, export controls, investment risk, and more. Combining cutting-edge technology and data science with industry-leading research, our solutions provide the critical insights required for a comprehensive view of illicit finance and other commercial threats.
The Kharon leadership team includes former senior officials from the U.S. Government who have leveraged their unique expertise to build risk management solutions that are trusted by the world’s top financial institutions, global corporates, and professional services firms.
Visit Kharon.com and follow Kharon on LinkedIn to learn more.
Media Contacts [email protected]
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Artificial Intelligence

Imaging Endpoints Unveils New Initiative with Revolution Endpoints™, an Investment Subsidiary to Accelerate Innovation and Growth

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SCOTTSDALE, Ariz., May 7, 2024 /PRNewswire/ — Imaging Endpoints (IE), a global leader in Imaging CRO technologies and services, has announced the formation of a new subsidiary, Revolution Endpoints, focused on leveraging the Company’s strong leadership and financial position to acquire synergistic technologies and services. This initiative aims to further advance the company’s internal research programs targeted toward development of cutting-edge service offerings.

Revolution Endpoints is already meticulously evaluating emerging technologies for adoption while exploring licensing, partnership, or acquisition of the most promising and synergetic opportunities. By identifying and integrating emerging technologies that complement internal development efforts and existing services, Imaging Endpoints intends to ensure it continues to lead the industry in service offerings.
Doug Dean Burkett, CEO and President of Imaging Endpoints commented: “For fifteen years we have been relentlessly executing on a consistent, unwavering strategy to organically grow our leadership in oncology-focused imaging CRO services. We are now generally recognized as leading the industry in science and quality, and our efforts have yielded remarkable growth.  We are fortunate to be in a position to invest in emerging technologies that are synergistic with our own development projects and our vision to Connect Imaging to the Cure™. Through this new subsidiary, we are excited to explore new frontiers, support transformative ideas, and continue our mission of advancing healthcare and improving patient outcomes.”
IE believes in the power of collaboration and innovation to drive progress in the fight against cancer. Revolution Endpoints is engaging with emerging technology leaders within AI assisted image evaluation, quantitative biomarkers, big datasets, predictive analytics and NLP, 3D imaging, AR, VR, AI enhanced enterprise automation, and blockchain technology that have potential to further streamline and improve both image workflows and efficacy analysis. Service providers with synergistic technologies and service offerings may also be of interest.
For more information about Revolution Endpoints or to discuss your emerging technology with our experts, please visit Revolution Endpoints or contact us at [email protected]
About Imaging Endpoints
Imaging Endpoints (IE) is passionately focused on its vision to Connect Imaging to the Cure. With a flawless global inspection record and a 95% marketing authorization success rate, IE has a proven track record of supporting successful regulatory submissions across the globe. IE’s commitment to quality, innovation, and excellence has positioned it as the global leader in oncology imaging.
Imaging Endpoints is the largest oncology-focused Imaging CRO, with 8 offices strategically located across 6 countries including Scottsdale, AZ, Cambridge, MA; London, UK; Leiden, Netherlands; Basel, Switzerland; Hyderabad, India; and Shanghai, China.
IE is an affiliate of HonorHealth, one of the largest healthcare systems nationally, and also an affiliate of Southwest Medical Imaging, Ltd. (SMIL/RadPartners), part of the largest private radiology group in the U.S.
Media Contact
Contact No: 480.314.3070
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ICIS Launches Ask ICIS Generative AI Commodities Assistant

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Global commodities intelligence provider launches generative AI assistant to boost access to expert insights and data around the global energy and chemicals markets
LONDON, May 7, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, announced the launch of Ask ICIS, a first of its kind generative AI assistant that will enhance access to ICIS’ standout intelligence and insights for the energy and chemicals markets.

 
As commodity markets become more complex and dynamic, the need for both highly accurate and up-to-the-minute information has never been more important. Underpinned by unparalleled chemical and energy market datasets and decades of editorial expertise, Ask ICIS combines ICIS’ vast market intelligence with the power of generative AI technology.
Currently in beta, Ask ICIS is available in multiple languages and supported with citations, Ask ICIS allows customers to delve deeper, supporting timely, confident strategic decision-making with comprehensive market intelligence. 
“At ICIS, we are committed to delivering the best possible intelligence to our customers so that they can arrive at the best possible outcomes for the decisions they need to make,” said Jeff Skelton, CEO of ICIS. “Through Ask ICIS, we are taking our ambition one step further by unlocking access to our trusted and actionable insights to provide immediate and personalized responses to complex customer enquiries  in a fraction of the time. We are committed to helping our customers adopt and scale new technologies, enabling them to make better decisions and bring the maximum value possible to their organizations.”
Sourced exclusively from ICIS’ expert data and insight, Ask ICIS connects users to content tailored directly to their needs based on their role, region, and priorities. Source citations are built into every response allowing users to delve deeper and enabling more confident, timely, strategic decision-making. In addition, Ask ICIS also provides bespoke suggested prompts and follow-up questions to allow users to uncover additional insights and “unknown unknowns” to gain an unprecedented view and understanding of market events.
“To drive success in today’s commodity markets you need to have the most innovative tools and information at your disposal,” said Skelton. “We strongly believe that Ask ICIS not only helps our customers achieve new goals and levels of performance but has also sets a new bar for the way commodity markets can now access intelligence.”
For more information on ICIS please visit, www.icis.com. For more information on Ask ICIS, or if you are an ICIS customer  interested in joining the beta progam, please visit: https://www.icis.com/explore/contact/ask-icis/.
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of $78.2bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £62.4bn | €73bn | $78.2bn.
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