Saturday, Apr 27 2024 | Time 07:11 Hrs(IST)
image
Business EconomyPosted at: Feb 21 2020 6:05PM


Widespread Digitalization to Promote Adoption of UCaaS and Hosted IP Telephony in Asia-Pacific

SINGAPORE, Feb. 21, 2020 /PRNewswire/ -- The hosted IP telephony and UCaaS services market in the Asia-Pacific region keeps growing, driven by increasing consumer awareness and demand for cloud communication services. A recent analysis by Frost & Sullivan forecasts that the sector will grow at a CAGR of 23% between 2019 and 2025, with revenues reaching $3.5 billion. The total installed base is also predicted to increase by 29% in the same time period.

"Businesses in the APAC region are expected to drive broader UCaaS adoption and cloud migration as they embark on digital transformation projects," said Youngso Lee, Senior Industry Analyst, Information and Communication Technology at Frost & Sullivan. "Digitalization via UCaaS can evolve the way of work and potentially generate new business opportunities in the digital market."

Frost & Sullivan's latest research, Analysis of Asia-Pacific Hosted IP Telephony and UCaaS Market, Forecast to 2025, explores the current and future trends of the Asia-Pacific hosted IP telephony and UCaaS services market. It analyzes the service providers' market share and provides detailed region-wise revenue and market forecasts through 2025.
For further information on this analysis, please visit: http://frost.ly/406

The market is expected to grow at double-digit rates between 2019 and 2025 in terms of both users and revenues. Maturing technologies and business models, as well as fully established customer awareness about the benefits of business unified communications, hosted IP telephony, and UCaaS, will help accelerate adoption, thereby helping service providers generate a higher average revenue per user (ARPU).

"Feature enhancements will help generate a higher ARPU from customers with purchasing power," noted Lee. "Nevertheless, a significant portion of service provider revenues will come from low-end basic packages of service bundles, which are most sought after by small and medium-sized businesses."

Service providers can also leverage the growth opportunities in:
Addressing security, reliability, and provider viability concerns Expanding geographical coverage to attract multinational companies Improving user experience with easy-to-use solutions to increase adoption Supporting businesses by offering seamless cloud migration and cloud integration capabilities Offering vertical-specific solutions to improve UCaaS adoption
Analysis of Asia-Pacific Hosted IP Telephony and UCaaS Market, Forecast to 2025 is a part of Frost & Sullivan's Information and Communication Technology Growth Partnership Service program, 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 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.
(Disclaimer--Features may vary depending on the regions; subject to change without notice.) Analysis of Asia-Pacific Hosted IP Telephony and UCaaS Market, Forecast to 2025
PA96-64

Contact:

Melissa Tan
Corporate Communications, Frost & Sullivan
E: [email protected]
P: +65 68900926

http://ww2.frost.com
Please log in to get detailed story.
Tags: #Widespread Digitalization to Promote Adoption of UCaaS and Hosted IP Telephony in Asia-Pacific
More News
Sensex nosedives 609 28 pts

Sensex nosedives 609 28 pts

26 Apr 2024 | 5:26 PM

Mumbai, April 26 (UNI) Snapping a winning streak of last five sessions, the BSE Sensex on Friday, the last session of the week, tanked 609.28 pts to settle at 73730.16 amid mixed global cues.

see more..
Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

26 Apr 2024 | 5:00 PM

New Delhi, April 26 (UNI) On the back of solid volume growth, the country's largest carmaker Maruti Suzuki on Friday reported 47.80% jump in standalone net profit at Rs 3,877.8 crore for January-March period (Q4) of financial year 2023-24.

see more..

Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

26 Apr 2024 | 3:52 PM

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.

see more..
Maruti Suzuki gets show-cause notice from Legal Metrology dept

Maruti Suzuki gets show-cause notice from Legal Metrology dept

26 Apr 2024 | 2:39 PM

New Delhi, April 26 (UNI) The country's leading carmaker Maruti Suzuki India on Friday said that it has received a show-cause notice from the Legal Metrology office in Rishikesh, Uttarakhand.

see more..

Onkar Kanwar gets Lifetime Achievement Award

26 Apr 2024 | 2:08 PM

Kochi, April 26 (UNI) Chairman of Apollo Tyres Ltd, Onkar Kanwar, has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony.

see more..
image