Industry Trends Consensus among the IT analyst community Market Insights clearly points toward rapid and accelerating growth for the UCaaS market. Global UCaaS revenue is expected to grow to $24.8 billion by 2024 from $15.8 billion in 2019, at a compound annual growth rate (CAGR) of 9.5% during the forecast period. A Fortune Business Insights report predicted the global market would reach $36.4 billion by 2026. While the cited research was conducted prior to the widespread outbreak of Coronavirus, industry UCaaS Industry Growth analysts generally agree that the pandemic will accelerate adoption of cloud communication technologies like UCaaS. $15.8B $24.8B $36.4B 2019 2024 2026