unified communications market

The Unified Communications Market is expected to reach $237.74 billion by 2027, with a CAGR of 17.50%.

Unified Communications Market

Unified Communications Market

The global unified communications market size was $89.37 billion in 2021. By 2027, it will reach $237.74 billion, with a CAGR of 17.50%

Sheridan, Wyoming, USA, November 14, 2022 / EINPresswire.com/ – The latest research study “Unified Communications Market: Global Industry Trends, Participation, Size, Growth, Opportunities, and Forecasts 2022-2027” by IMARC Group, found that The global unified communications market size is 89.37 billion US dollars in 2021. Looking ahead, IMARC Group expects the market size to reach 237.74 billion US dollars by 2027, showing a growth rate (CAGR) of 17.50% during the period 2022-2027.

What is Unified Communications?

Unified Communications (UC) is the systems that provide and combine many corporate communication channels, including voice, video, personal and group messaging, voice mail, content sharing, etc. It enhances business processes and human communications by streamlining workflow, reducing latency, removing media and dependencies the device. UC provides many other benefits, such as improving the efficiency of tools and applications, including UC-as-a-Service (UCaaS), better prioritizing information, maximizing revenue from business operations, improving customer service, etc. Thus, they find Extensive applications in various industries, such as energy, utilities, healthcare, manufacturing, aerospace, defense, telecom, banking, financial services and insurance (BFSI), etc.

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Note: We regularly track the direct impact of COVID-19 on the market, along with the indirect impact of related industries. These notes will be incorporated into the report.

Unified Communications Market Trends and Drivers:

Increased sales of mobile phones, emerging trends of Bring Your Device (BYOD) and the hybrid workplace model across countries are fundamentally driving the unified communications market. Moreover, the increasing demand for these solutions among companies to provide mobility, flexibility and increase productivity is also boosting the market growth.

Besides, unified communications enable accurate and instant communication between employees, provide high-context mobile service, enhance team collaboration, etc., which acts as another important growth catalyst. Moreover, the increasing use of Artificial Intelligence (AI) at the University of California to analyze conversations, simplify and automate tasks, provide supporting information, etc. is further stimulating the global market.

Apart from this, the increasing presence of social media platforms, extensive research and development activities and the introduction of cloud-based systems and enhanced software that enable users to join web conferences and make online calls simultaneously is expected to boost the unified communications market in the future. Years.

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Global Unified Communications Market Analysis and Segmentation 2022-2027:

Competitive scene:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

Some of these major players are:

8×8 company
Avaya Holding Company.
Cisco Systems, Inc
GoTo (Citrix Systems Inc.)
Huawei Technologies Co., Ltd.
Microsoft Corporation
Metal Networks Inc
NEC Corporation (AT&T Inc.)
Ringcentral Corporation
Verizon Communications Inc.
Vonage Holdings Corp. (Telefonaktiebolaget LM Ericsson).

The report has segmented the market on the basis of component, product, enterprise size, and end user.

Breakdown by component:
• the solution
o Instant and Unified Messaging
o Audio and video conferencing
o IP telephony
o others
• Services
o Professional Services
o Managed Services

Breakdown by product:
• In the workplace
• hosted

Segmentation by organization size:
• Small and Medium Enterprises
• Large companies

Differentiate by end user:
• companies
• education
• Government
• Health Care
• Aharon

Division by region:
• North America: (US and Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, other countries)
• Europe: (Germany, France, UK, Italy, Spain, Russia, other countries)
• Latin America: (Brazil, Mexico, other countries)
• Middle East and Africa

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If you want the latest primary and secondary data (2022-2027) with cost unit, business strategy, distribution channel, etc. Click Request a Free Sample Report, and the published report will be delivered to you in PDF format by email within 24 to 48 hours of receiving full payment.

Highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT Analysis
• value chain
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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