News : 8x8 Ranked as the UCaaS Market Share Leader for Midmarket and Enterprise Companies Worldwide
San Jose, CA, USA, Oct, 2017 -- 8x8, Inc. (NASDAQ:EGHT), a provider of truly unified communications, announced that according to Synergy Research Group, an independent market research firm, 8x8 is the worldwide leader in both revenue and subscriber seats in the midmarket and enterprise segments of the Unified Communications as a Service (UCaaS) industry. The Synergy report, which was published on October 16, 2017, also highlighted that the midmarket (101-1000 employees) and enterprise (1001+ employees) segments are the fastest growing in the UCaaS market.
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"UCaaS continues to provide a richer and more cost-effective system for businesses to communicate and collaborate with employees, partners and customers globally, and now adoption is accelerating up-market," said Jeremy Duke, Synergy Research Group’s founder and Chief Analyst. "Traditionally, UCaaS served mostly smaller sized organizations, but now we are seeing a significant market shift towards business segments over 100 seats and over 1,000 seats, which collectively are growing at 35 percent year over year in terms of subscriber seats. 8x8 recognized the potential of cloud communications for midmarket and enterprise companies early on, and is showing strength in capitalizing on this up-market trend."
"8x8 is helping companies realize their business potential by delivering a truly unified communications solution, allowing employees and customers to seamlessly communicate, better than ever before," said Vikram Verma, CEO at 8x8. "The Synergy report is both validation of our leadership in the market, and acknowledgement of the innovation and efforts to develop and deliver solutions with a clearly differentiated and compelling value proposition for global midmarket and enterprise companies."
#contactcenterworld, @8x8, @SRG_Research
Posted by Veronica Silva Cusi, news correspondent
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About 8x8 Inc.:
8x8, Inc. (Nasdaq: EGHT) leverages its patented software technologies to deliver high quality voice solutions with integrated messaging and video to businesses of any size with employees in any location on a wide variety of business telephony, web and mobile platforms. 8x8 also offers managed hosting and cloud-based computing services.
Synergy Research Group is a strategic partner of TeleGeography, providing market intelligence, analytics and strategic consulting services to the networking and telecom industries.
Published: Wednesday, November 1, 2017
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