Market Size of UCaaS in the Manufacturing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 17.74 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UCaaS in Manufacturing Market Analysis
The unified communications-as-a-service in manufacturing market is expected to register a CAGR of 14.74% over the forecast period of (2021 - 2026). With the increasing adoption of Industry 4.0 initiatives by the manufacturing firms, are set to revamp the manufacturing industry which is also expected to influence the UCaaS market in a positive way.
- Modernizing outdated business phone and call center systems boost productivity and reduces costs according to industry estimations by 30%. Further, in the manufacturing industry, workers interact with different regional offices or headquarters to ensure smooth workflow. Thus, it will lead to the adoption of UCaaS in manufacturing.
- Moreover, as manufacturers are shifting to the cloud because of the features such as increased automation and agility, delivering enhanced customer experience, and increased cost savings and return on investment. Thus, owing to the benefits such as better communication, increased decision-making ability by the UCaaS solution will drive the market.
- in September 2019, Digerati Technologies, Inc. acquired Nexogy, Inc. a provider of cloud communication and broadband solutions tailored for businesses. The acquisition was a strategic move towards a continued focus on the US market of SMBs, of which approximately 75% or 21 million have not migrated to a UCaaS or cloud communications solution. Owing to such opportunities in the SMBs segment, it is expected to be the targeted market segment by vendors over the forecast period.
- However, the less awareness about UCaaS and their advantages are few restraints which are hampering the adoption rate of UCaaS.
UCaaS in Manufacturing Industry Segmentation
Implementation of UCaaS in the manufacturing industry brings various advantages, such as improved scalability, reliability, and collaboration among disparate workgroups. Manufacturing units typically consist of various diverse business units, which must be in collaboration with one another, further necessitating the use of UCaaS systems. Types of unified communications as a service package include messaging tools, videoconferencing tools, and resources for facilitating different kinds of text and voice communications. The scope of this market is limited to the regions such as North America, Europe, Asia-Pacific and Rest of World.
| By Business Size | |
| Small and Midsize Business | |
| Enterprise |
| By Deployment Model | |
| On-Premises | |
| Cloud |
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| Rest of World |
UCaaS in the Manufacturing Market Size Summary
The unified communications-as-a-service (UCaaS) market in the manufacturing sector is poised for significant growth, driven by the adoption of Industry 4.0 initiatives and the shift towards cloud-based solutions. These developments are enhancing communication, decision-making, and operational efficiency within manufacturing firms. The modernization of outdated communication systems is expected to boost productivity and reduce costs, while the integration of voice, text, and video on mobile devices is facilitating better collaboration among factory-floor personnel and regional offices. Despite the challenges posed by limited awareness of UCaaS benefits, strategic acquisitions and partnerships, such as those by Digerati Technologies and Fuze, are expanding market reach and fostering innovation.
The Asia-Pacific region is anticipated to experience the fastest growth in the UCaaS market, fueled by the presence of major manufacturing hubs like China, India, and Japan. The introduction of new technologies, such as 5G, is expected to further drive market expansion by enabling smart factory initiatives. Government initiatives like China's Made in China 2025 and India's Make in India are also contributing to market growth by encouraging advanced manufacturing and technology adoption. The competitive landscape is characterized by global players like Cisco Systems, Inc., 8x8, Inc., and Tata Communications, who are leveraging product launches, research and development, and strategic partnerships to maintain their market positions.
UCaaS in the Manufacturing Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Trends Towards Mobility and BYOD
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1.2.2 Integrated Supply Chain Management
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1.3 Market Restraints
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1.3.1 Lack of Awareness About the Unified Communication-as-a-service
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Business Size
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2.1.1 Small and Midsize Business
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2.1.2 Enterprise
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2.2 By Deployment Model
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2.2.1 On-Premises
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2.2.2 Cloud
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 Rest of World
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UCaaS in the Manufacturing Market Size FAQs
What is the current UCaaS in the Manufacturing Market size?
The UCaaS in the Manufacturing Market is projected to register a CAGR of 17.74% during the forecast period (2024-2029)
Who are the key players in UCaaS in the Manufacturing Market?
Cisco Systems, Inc, Tata Communications, Avaya Inc., 8x8, Inc. and Microsoft Corporation are the major companies operating in the UCaaS in the Manufacturing Market.
