Unified Communications Market share to reach $96bn by 2023

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.

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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.

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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:

https://www.gminsights.com/industry-analysis/unified-communications-market-report  

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

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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Network as a Service Market Analysis, Share, Trend Industry Report, 2024

The report “Network as a Service (NaaS) Market Size, Industry Outlook, Regional Analysis (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development & Forecast, 2016 – 2024”, is driven by Increasing need for pay-per-use business model.

The recent advancements in technology have led to abundance of applications in numerous segments and global usage of wireless services has provided solutions for the reduced cost for deployment for management and asset tracking management.

The enterprises are inclining towards one of the emerging trends in network as a service market called Network Functions Virtualization (NFV) as per the observation made among various telecom service providers. This network framework will virtualize various network functions such as load balancers, firewalls, and intrusion detection devices and will help the telecom service providers to achieve low CAPEX, scalability and smooth service deployments. An increasing number of IT companies partnering with pure-play NaaS vendors who provide NFV benefits will augment network as a service market size.

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Bandwidth on Demand (BoD) has created a vibrant scope for the stakeholders and for the marketers in the network as a service market. The main benefit of BoD is that the enterprises can purchase it from their respective Internet service Providers (ISPs) at a comparatively lesser price, instead of giving a higher price to another ISP for leasing a fixed bandwidth. With the help of BoD, the Network Bandwidth can be scaled by the organization to aid the cloud applications, therefore it is very scalable. BoD makes sure that it is ready to use for the end user disposal, that is why it works in the background. It also takes care of a robust privacy feature while the cloud is used, over the network.

The IT and telecom users are speedily using several cloud and networking technologies, which vary from just checking emails to handling the vast data of the enterprise which is placed on the cloud. A huge amount of data is therefore generated by the growing usage of IT and telecommunication. The need for cloud platform among the organizations is increasing tremendously since cloud has become an economic platform for application of various resources. In this case, the network providers offer their major network resources to the third parties based on commercial applications. These resources include data and communication & intelligence as well.

Network virtualization has considerable benefits such as less time, effort and expenditure on the hardware, a reduced amount of need for hardcore technical skills, improved privacy alternatives, enhanced recovery systems in case of system failure.

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Challenges like privacy concerns and data security will hamper the network as a service market growth. Data security and privacy concerns denote the persistent areas of focus for the businesses and organizations because of the critical and confidential business data. Storing important files and the data with high confidentiality on services provided by the external service operators poses a lot of risk. Even though cloud service providers offer the industry certifications and the best security standards, the business data is exposed to the service provider with the usage of cloud-supported technologies, due to which fresh security challenges arise.

Based on end user, the network as a service market can be segmented into IT & telecommunication, Manufacturing, government, healthcare, banking, financial services, and insurance (BFSI), retail, and transport & logistics. The IT and telecom vertical is anticipated to grow at a tremendous rate in the network as a service market. The extensive applications of cloud computing services are influencing the adoption of cloud-supporting networking services that provide the end-users with the network resources whenever needed. The growing urge to improve the cross-channel customer experience will drive various telecom service providers to increase their expenses on information technologies; thereby enhancing the growth of this sector in the forecast timespan.

APAC network as a service market is forecast to exhibit the highest growth rate by 2024. The key driver which is influencing the growth of this region is the technological enhancements in the emerging economies like China and India which require proficient IT systems and services.  Factors like extensive broadband penetration and the emergence of competitors will infuse the growth prospects in this region in the upcoming years.

Vendors in the network as a service market are Cisco, IBM, Juniper Networks, VMware, Fatpipe Networks, CloudGenix, Silver Peak Systems, Akamai Technologies, etc.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

Blog: https://gminsights.wordpress.com

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