The size of the global unified communications market reached US$ 89.37 billion in 2021. By 2027, it will reach US$ 237.74 billion, with a CAGR of 17.50%
Sheridan, Wyoming, USA, Nov. 14, 2022 /EINPresswire.com/ — The latest research study “Unified Communications Market: Global Industry Trends, Share, Size, Growth, Opportunity, Forecast 2022-2027” by IMARC Group, finds that . The size of the global unified communications market is US$ 89.37 billion in 2021. Looking ahead, IMARC Group expects the market size to reach US$ 237.74 billion by 2027, showing a growth rate (CAGR) of 17.50% over the period 2022-2027.
What is Unified Communications?
Unified Communications (UC) is the systems that provide and combine several corporate communication channels, including voice, video, personal and group messaging, voice mail, content sharing, etc. It enhances business processes and human communications by streamlining workflows, 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 information prioritization, 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 are regularly tracking the direct impact of COVID-19 on the market, along with the indirect impact on the industries associated with it. These notes will be incorporated into the report.
Unified Communications Market Trends and Drivers:
The growing sales of mobile phones, the emerging bring-to-your-device (BYOD) trends, and the hybrid workplace model across countries are fundamentally increasing the unified communications market. Moreover, the growing demand for these solutions among businesses to provide mobility, flexibility and increase productivity is also boosting the growth of the market.
Besides, unified communications enables accurate and instant communication between employees, provides highly contextual mobile service, enhances team collaboration, etc., which acts as another important growth catalyst. Moreover, the increasing use of Artificial Intelligence (AI) at UC 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, intense research and development activities, introduction of cloud-based systems and enhanced software that enables 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:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these major players are:
Avaya Holding Company.
Cisco Systems Corporation
GoTo (Citrix Systems Inc.)
Huawei Technologies Co., Ltd
Metal Networks Corporation
NEC (AT&T Inc.)
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 ingredient:
o Instant and unified messaging
o Audio and video conferencing
o IP telephony
o Professional services
o Managed Services
Breakdown by product:
• In the workplace
Segmentation by Organization Size:
Small and medium companies
• Large companies
Differentiation by end user:
• Health Care
Division by region:
• North America: (United States and Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, and other countries)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, other countries)
• Latin America: (Brazil, Mexico, other countries)
• Middle East and Africa
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Highlights of the report:
• Market Performance (2016-2021)
• Market prospects (2022-2027)
Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Comprehensive mapping of the competitive landscape
If you require 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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