The global unified communications market size is expected to
reach USD 167.1 billion by 2025, exhibiting a CAGR of 16.8% over the forecast
period, according to a new report by Grand View Research, Inc. Changing
workforce dynamics, growing prominence for Unified Communication as a Service
(UCaaS), and virtualization of data and devices are factors that are expected
to increase the adoption of UC solutions in enterprises.
The use of cloud-based solutions for
fast and seamless communication across enterprises is expected to positively
impact market growth. Organizations are effectively deploying cloud-based
collaboration solutions across various time zones so that they can improve the
productivity of their mobile team members.
Growing adoption of cloud-based
unified communication platforms is allowing geographically-diverse and
dispersed teams to work together and collaborate mutually in real-time via
voice and video conferencing. The transition toward the cloud is also allowing
enterprises to curb capital spending by adopting an operational cost model that
will enable them to pay on the basis of the capacity they require.
Increasing demand for UC solutions is
opening up opportunities for solution providers to launch advanced versions of
team collaboration software for enterprises. Solution providers such as Cisco
Systems, Inc.; Avaya, Inc.; and IBM Corporation are offering a mix of UC and
team collaboration solutions as part of their efforts to strengthen their
market position.
Having realized that there are several
UC solutions available in the market, key players are focusing on offering
diverse solutions with various features, including support for audio and video
conferencing, email platforms, instant messaging, and unified messaging. As a
result, the market is expected to witness a convergence of voice communication,
video communication, synchronous communication, and other communication tools.
Browse full research report on Unified Communications Market: https://www.grandviewresearch.com/industry-analysis/unified-communication-market
Further key findings from the report suggest:
- The
hosted UC solutions segment is expected to register a significant CAGR
over the forecast period owing to increasing implementation of UCaaS
solutions in enterprises
- The
healthcare application segment is expected to develop at a CAGR of
approximately 20.0% over the forecast period owing to increased adoption
of video conferencing tools for remote patient monitoring
- The
SMEs segment is expected to grow at the fastest pace through 2025 owing to
the increasing need for an efficient unified infrastructure for improving
communication capabilities
- The
audio and video conferencing segment is poised to witness steady growth
over the forecast period owing to rising deployment of visual
communication tools in enterprises
- Asia
Pacific is expected to be the fastest-growing regional market due to the
emergence of local service providers offering diverse solutions
- Key
players in the Unified Communications market include Avaya, Inc.; IBM
Corporation; Cisco Systems, Inc.; and NEC Corporation.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/unified-communication-market/request/rs1
Grand View Research has segmented the global unified
communications market on the basis of product, application, organization size,
solution, and region:
UC Product Outlook (Revenue, USD Billion, 2014 - 2025)
- Hosted
- On-premise
UC Application Outlook (Revenue, USD Billion, 2014 - 2025)
- Enterprise
- Education
- Government
- Healthcare
- Others
UC Organization Size Outlook (Revenue, USD Billion, 2014 - 2025)
- SMEs
- Large
Enterprises
UC Solution Outlook (Revenue, USD Billion, 2014 - 2025)
- Instant
& Unified Messaging
- Audio
& Video Conferencing
- IP
Telephony
- Others
UC Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Australia
- New
Zealand
- South
America
- Brazil
- Middle
East and Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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