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Europe’s Urgent Need for Improved Business Continuity Creates an Unprecedented Opportunity for the UCaaS Market - The market is projected to witness double-digit growth rates with more countries and customer segments adopting mobile UCaaS, says Frost & Sullivan - Frost.com
Europe’s Urgent Need for Improved Business Continuity Creates an Unprecedented Opportunity for the UCaaS Market

 

PRZOOM - /newswire/ - Santa Clara, CA, United States, 2020/06/19 - The market is projected to witness double-digit growth rates with more countries and customer segments adopting mobile UCaaS, says Frost & Sullivan - Frost.com.

   
 
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Frost & Sullivan’s recent analysis, Growth Opportunities in the European Hosted IP Telephony and UCaaS Market, Forecast to 2026, finds that the European hosted Internet Protocol (IP) telephony and Unified Communications-as-a-Service (UCaaS) market will experience slower-than-anticipated growth in terms of both users and revenue in 2020 and 2021 due to churn in the installed base and reduced new user acquisitions. It will bounce back in 2022 and maintain a steady trajectory until 2026. The market is estimated to double in terms of provider revenue from 2019 to 2026, with installed users reaching 76.3 million by the end of the forecast period.

“Remote work mandates due to COVID-19 will create an unprecedented opportunity for service providers to promote software-based communications as a key enabler of business continuity as well as demonstrate the flexibility of UCaaS and cloud services in terms of capacity adjustments and location-agnostic services delivery,” said Elka Popova, Vice President of Research, Information and Communications Technologies, at Frost & Sullivan. “The need to rapidly accommodate a larger number of remote workers and digitally transform entire organizations within a short span of time will favorably position providers with flexible packaging and pricing, efficient provisioning, and solutions that are feature-rich yet intuitive, mobile-ready, and easy to use and manage.”

Popova added: “From a growth perspective, the Nordic and Benelux UCaaS markets are maturing fast, whereas considerable untapped opportunities remain in the rest of Europe, with Central and Eastern European markets likely to experience the highest growth rate due to the large addressable market in under-penetrated countries such as Russia.”

To capitalize on immense opportunities presented by the hosted IP telephony and UCaaS market in Europe, market participants should focus on the following trends:

• Due to the COVID-19 crisis, businesses and individuals operating/working remotely are more likely to use a variety of cloud services to remain connected. This trend is expected to positively impact the demand for conferencing and collaboration services along with cloud calling services.
• Contact centers, vertical markets, frontline workers, and Unified Communications (UC) embedded in productivity, business and vertical apps or Internet of Things (IoT) devices represent new growth opportunities. Hence, vendors should identify unique needs and new use cases to provide differentiated value as core markets mature.
• Communications and collaboration upgrades must be treated as part of long-term digital transformation strategies. Aligning UCaaS deployments with customers’ broader business goals and IT roadmaps will be fruitful.
• Competition is intensifying as incumbent carriers, next-gen domestic providers, and international competitors target European businesses with compelling UCaaS offerings. International expansion can help providers capitalize on untapped opportunities in less-penetrated markets, as well as better serve multi-national businesses.

Growth Opportunities in the European Hosted IP Telephony and UCaaS Market, Forecast to 2026 is the latest addition to Frost & Sullivan’s Information and Communications Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan (frost.com) has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Growth Opportunities in the European Hosted IP Telephony and UCaaS Market, Forecast to 2026 / K471-64

 
 
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Europe’s Urgent Need for Improved Business Continuity Creates an Unprecedented Opportunity for the UCaaS Market

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