Today’s Trusted Technology
As an established provider of UCaaS (Unified Communications as a Service) solutions in Southwest Florida, T3 is embarking on a growth plan for its cloud communication product line that is in high demand as businesses migrate from traditional phone systems to cloud-based telephony systems. An astounding 75% of small to medium-sized businesses (“SMBs”) or approximately twenty (20) million SMBs in the U.S. have not yet migrated to a voice over Internet (“VoIP”) solution. In the coming years, SMBs will need to migrate to a UCaaS or enterprise VoIP solution due to its convenience and a mandate from the FCC to migrate away from outdated copper wire systems. UCaaS allows organizations to eliminate capital spending and adopt an operational cost model for which they pay for only their required capacity needs. Although its initial market is in Florida, the Company is ideally positioned to deliver UCaaS solutions to a global market forecasted to reach $96 billion in value by 2023. In addition to its cloud communication solutions, T3 will continue delivering leading-edge network solutions including fiber transport and Internet broadband. T3 will also market emerging network solutions like SD-WAN (Software Defined Wide-Area Network). SD-WAN, a software approach to managing wide-area networks for businesses, offers ease of deployment, central manageability and reduced costs, and can improve connectivity to remote or branch locations. SD-WAN solutions are also highly appealing for their flexibility and security benefits.
Market estimates indicate that SD-WAN has less than 5% market share today, but within two years is predicted to climb to 25% of enterprise users who will manage their WAN through software. Revenue from SD-WAN service providers is growing at 69.6% annually and it is estimated to reach $8.05 billion worldwide by 2021.