The report sent to the Security Council said that Al- Qaeda in the Arabian Peninsula (AQAP), based in Yemen, served as a communications hub for the UN-designated terror group as a whole.
"Al-Qaeda affiliates remain the dominant terror threat in some regions, such as Somalia and Yemen, a fact demonstrated by a continuous stream of attacks and foiled operations," said the report.
In West Africa and South Asia, Al-Qaeda-linked groups pose as serious a threat as IS affiliates who "currently remain unable to reach a dominant position," it said.
The Islamic State lost its self-declared caliphate in Syria and Iraq last year but Al-Qaeda "remained remarkably resilient," said the UN monitors.
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In Syria, the Al-Nusrah Front "remains one of the strongest and largest Al-Qaeda affiliates globally," with its fighters "using threats, violence and material incentives" to absorb smaller armed groups.
Al-Nusrah commands between 7,000 and 11,000 fighters, including several thousand foreigners, and has its main power base in Syria's Idlib province.
Fighters from Boko Haram, which has expanded its reach from northern Nigeria, are maintaining small cells in Libya who could then move on to other regional countries.
"Member-states assessed that there is a potential for the transfer of leaders from ISIL in Libya to other conflict zones in West Africa and the Sahel region, including Mali," said the report.