The research report “Unified Communications (UC) Market Size By Application (Education,
Enterprise, Healthcare, Government), By Product (Hosted/Unified Communications
as a Service (UCaaS), On-Premise), Industry Analysis Report, Regional Outlook,
Application Potential, Competitive Market Share & Forecast, 2016 - 2023”,
by Global Market Insights, Inc. says Unified Communications Market size
is forecast to hit USD 96 billion by 2023; impelled by increased mobility.
Rising demand in the enterprise sector is
anticipated to propel the unified communications market over the forecast
period. This can be attributed to the ability of the technology to deliver
real-time communication services required for critical business operations.
Enterprises are installing new solutions along with updating their existing
telephony or messaging infrastructure. The trend is predicted to drive the
unified communications market size due to the rising need to improve
operational efficiency and reduce costs.
UC technology provides scalability and
flexibility coupled with the high availability for essential business tasks.
Implementation of the technology in businesses has been amplified due to the
numerous advantages associated with it including cost-efficiency, pay as per
use and requirement, and reduced travelling time. Furthermore, it has
eradicated the drawback of synchronous functions of geographically dispersed
regions.
The capability of accommodating multiple
functionalities of communication system on a single platform makes telephony an
essential tool in the business environment. The telephony technology is
expected to boost the UC market size due to its compatibility with automated
transfer of fax, voice, or other information. Furthermore, the rising demand of
IP and VOIP telephony in telecom & IT, BFSI, travel & hospitality and
logistic & transportation industries serve as a significant driving factor
for the unified communications market size.
The consumer goods and retail sector may
offer significant opportunities to the unified communications market size over
the next few years. The technology helps retail outlets to update the business
procedures by empowering rapid real-time services and quicker transaction
closures. Cloud-based UC applications ensure organizations to eradicate wealth
spending and adopt to an operational cost prototype which enables them to pay
based on the required capacity.
Key insights from the
report include:
· Hosted
unified communications market size is anticipated to witness significant growth
over the forecast timeline. The advantages associated with these products such
as rapid implementation, automated upgrades, and scalability will drive demand
in the coming years. Furthermore, development of cloud technology systems is
expected to boost the UCaaS market.
·
Enterprises
dominated as of 2015, occupying nearly 60% of the unified communications market
revenue, which can be credited to the increasing adoption for enhancing
business processes and advantages offered by unified communication systems such
as mobility.
· Government
applications will exhibit considerable growth prospects due to escalating
adoption of the technology to accommodate the needs of citizens pertaining to
the permit processing and public safety. These solutions enable governments to
efficiently deal with the emergencies and crisis conferencing.
· Asia
Pacific is anticipated to witness significant growth at a CAGR of nearly 15%
over the next eight years. Increasing demand for mobility is driving the demand
advanced UC systems across the region. Furthermore, huge population base is
anticipated to offer favorable opportunities for the India and China unified communications
market share.
· Industry
players include Microsoft Corporation, Avaya Inc, Alcatel-Lucent, and Cisco
Systems, NEC Corporation, Siemens, and ShoreTel, among others. The industry
participants are focusing on frequent mergers and acquisitions to gain
prominence in the UC market. For example, in 2015, Cisco Systems acquired
Acano. The collaboration will benefit Cisco to expand the scalability and
interoperability of their product portfolio enabling clients to connect from
any mobile location.
Browse key industry insights spread
across 82 pages with 22 market data tables & 31 figures & charts from
this 2017 report Unified Communications
(UC) Market in detail along with the table of contents:
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources
Chapter 2 Executive Summary
2.1 Unified Communications industry 3600 perspective, 2012 - 2023
Chapter 3 Unified Communications Industry Insights
3.1 Industry segmentation
3.2 Industry size, forecast and growth expectations, 2012 - 2023
3.3 Industry ecosystem analysis
3.3.1 Vendor landscape
3.4 Unified communications market dynamics
3.4.1 Growth drivers
3.4.1.1 Growing BYOD industry
3.4.1.2 Increased mobility
3.4.1.3 High UCaaS demand
3.4.2 Industry pitfalls & challenges
3.4.2.1 High capital investment
3.4.2.2 Interoperability concerns
3.5 Key growth opportunities
3.6 Porter’s analysis
3.7 Competitive landscape, 2015
3.8 PESTEL analysis
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