{"id":38902,"date":"2017-06-21T00:00:00","date_gmt":"2017-06-21T00:00:00","guid":{"rendered":"https:\/\/newrcblog.wpengine.com\/synergy-research-reports-ringcentral-1-in-worldwide-ucaas-growing-2x-faster-than-market\/"},"modified":"2025-03-13T06:02:43","modified_gmt":"2025-03-13T13:02:43","slug":"synergy-research-reports-ringcentral-1-in-worldwide-ucaas-growing-2x-faster-than-market","status":"publish","type":"post","link":"\/us\/en\/blog\/synergy-research-reports-ringcentral-1-in-worldwide-ucaas-growing-2x-faster-than-market\/","title":{"rendered":"Synergy Research Reports RingCentral #1 in Worldwide UCaaS, Growing 2X Faster than Market"},"content":{"rendered":"

Synergy Research Group<\/a>, an independent market research firm, released a new report on June 14, 2017 on the state of the Unified Communications as a Service (UCaaS) market. Synergy points out that revenue for the UCaaS market grew by 22% year-over-year in Q1 2017, while the on-premises enterprise voice market declined by 9% during the same period.<\/p>\n

\u201cMajor barriers to cloud adoption are now almost a thing of the past,\u201d said Jeremy Duke, Founder and President at Synergy Research Group. \u201cWe\u2019re seeing continued erosion of on-premises PBX systems. These tailwinds are reflected in the growth we\u2019re seeing in the overall UCaaS market, particularly with RingCentral, which has pulled ahead as the UCaaS category leader and is accelerating at a rapid pace ahead of rivals, which are seeing flat to declining growth rates by revenue.\u201d<\/p>\n

Synergy reports that RingCentral is the #1 worldwide market share leader<\/a> in both revenue and subscriber seats for UCaaS. With a 19% market share by revenue, RingCentral is growing twice as fast as the overall UCaaS market.<\/p>\n

\"\"<\/a><\/p>\n

In fact, Synergy Research reports that RingCentral’s flagship product, RingCentral Office<\/a>, is ranked the highest by subscriber seats among all UCaaS vendors, growing at 53% year-over-year, which is 137% faster than its nearest competitor.<\/p>\n

Our success stems from our relentless focus on innovation and our differentiated mobile-first, global, open platform collaborative communications<\/a> solutions that delight both end users and IT audiences.<\/p>\n

As we look ahead, we are excited about the market opportunity for cloud communications as enterprise customers empower their global<\/a> and distributed workforce to work anywhere, anytime, and on any device.<\/p>\n

As the market transition to the cloud accelerates, as noted by Synergy Research and evidenced by the demise of legacy vendors like Avaya<\/a>, we are confident we\u2019ll be a $1B business by 2020.<\/p>\n

I\u2019d like to take this opportunity to thank our customers and partners for their trust and support, and our employees for their relentless commitment and dedication.<\/p>\n","protected":false},"excerpt":{"rendered":"

Synergy Research Group, an independent market research firm, released a new report on June 14, 2017 on the state of the Unified Communications as a Service (UCaaS) market. Synergy points out that revenue for the UCaaS market grew by 22% year-over-year in Q1 2017, while the on-premises enterprise voice market declined by 9% during the …<\/p>\n","protected":false},"author":117,"featured_media":38903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17901,18390,4],"tags":[4606,13182,15387,1783,965,1855,1235,10731,7061,2392,10757,949,15388,15389,15390,10554,6086,15391,15392,15393,3172,4397,296,10765,13628,1219,687,121,15394,15395,15396,15397,15398,14166,8941,13632,15399,11088,14130,15400,11089,14272,5113,4613,106,15401],"class_list":["post-38902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-leadership","category-communication-and-collaboration","category-customer-experience","tag-ucaas","tag-avaya-bankruptcy","tag-best-in-ucaas","tag-business-communications","tag-cloud-adoption","tag-cloud-communications","tag-cloud-pbx","tag-collaborative-communications","tag-distributed-workforce","tag-enterprise","tag-global-office","tag-hosted-pbx","tag-hosted-voise","tag-jeremy-duke","tag-market-growth","tag-market-leader","tag-market-leadership","tag-market-share-leader","tag-market-transition","tag-market-share","tag-mobile-first","tag-pbx-replacement","tag-ringcentral","tag-ringcentral-global-office","tag-ringcentral-growth","tag-ringcentral-leadership","tag-ringcentral-news","tag-ringcentral-office","tag-ringcentral-success","tag-subscribed-seats","tag-synergy","tag-synergy-research","tag-synergy-research-group","tag-the-rise-of-collaborative-communications","tag-uc","tag-uc-market","tag-ucaas-growth","tag-ucaas-leader","tag-ucaas-market","tag-ucaas-market-leader","tag-ucaas-provider","tag-ucaas-vendor","tag-unified-communications","tag-unified-communications-as-a-service","tag-voip","tag-winning-solution"],"acf":[],"yoast_head":"\nSynergy 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By unifying message, video, phone, and contact center on a single platform, RingCentral empowers today\u2019s mobile and distributed workforces to communicate, collaborate, and connect via any mode, any device, and any location. Under Shmunis, RingCentral has evolved from a startup company, funded in 2006 with a $12 million series A round led by Sequoia and Khosla Ventures, to a publicly traded NYSE listed company with a market cap of more than $15 billion. Shmunis has received numerous leadership accolades, including being named as one of the Top 10 CEOs of a large company, a Best CEO for Diversity, and Best CEO for Women in the 2021 Comparably Awards. He was also named a Best CEO in the 2020 Comparably Awards. Additionally, Shmunis has been named Best CEO in Institutional Investor\u2019s 2021 and 2020 All-America Executive Team. He received the 2020 Unified Communications Leader of the Year award from UC Today, the leading publication for unified communications. Previously, he was named a finalist for the EY Entrepreneur Of The Year\u2122 Award in the Northern California region in 2014 and 2011. Shmunis is also a recipient laureate of Ellis Island Honors Society Award 2021.  ","sameAs":["https:\/\/www.ringcentral.com"],"url":"\/us\/en\/blog\/author\/vlad-shmunis\/"}]}},"rc_img_url":"\/us\/en\/blog\/wp-content\/uploads\/2020\/07\/Synergy-approved-chart.png","rcblog_by_author":"<a href=\"\/us\/en\/blog\/author\/vlad-shmunis\/amp\" data-dl-events-click=\"true\" data-dl-element=\"link\"><span class=\"image\"><img src=\"https:\/\/secure.gravatar.com\/avatar\/9a8d989fa7e72af5bd5cf487cf7080318b695de4be89de382c5e64305dd0249c?s=96&d=mm&r=g\" alt=\"\" width=\"30\" height=\"30\" layout=\"fixed\"><\/img><\/span><span class=\"by-author-name\">Vlad Shmunis<\/span><\/a>","rc_author_full_name":"Vlad Shmunis","rc_author_avatar":"\/us\/en\/blog\/wp-content\/uploads\/2022\/12\/Vlad-Shmunis.png","rc_author_link":"\/us\/en\/blog\/author\/vlad-shmunis\/amp","rc_post_categories":"<a href=\"\/us\/en\/blog\/category\/trending\/business-leadership\/amp\">Business & leadership<\/a><a href=\"\/us\/en\/blog\/category\/trending\/communication-and-collaboration\/amp\">, Communication & collaboration<\/a><a href=\"\/us\/en\/blog\/category\/trending\/customer-experience\/amp\">, Customer & employee experience<\/a>","amp_link":"\/us\/en\/blog\/synergy-research-reports-ringcentral-1-in-worldwide-ucaas-growing-2x-faster-than-market\/amp","excerpt_title":"Synergy Research Reports RingCentral #1 in Worldwide UCaa...","_links":{"self":[{"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/posts\/38902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/users\/117"}],"replies":[{"embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/comments?post=38902"}],"version-history":[{"count":0,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/posts\/38902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/media\/38903"}],"wp:attachment":[{"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/media?parent=38902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/categories?post=38902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/wp-json\/wp\/v2\/tags?post=38902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}