IMARC Group, a leading market research company, has recently releases report titled “Unified Communications Market Report by Component (Solution, Services), Product (On-premises, Hosted), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User (Enterprises, Education, Government, Healthcare, and Others), and Region 2024-2032” Offers a comprehensive analysis of the industry, which comprises insights on the global "https://www.imarcgroup.com/unified-communications-market">unified communications market share.
How Big is the Unified Communications Market?
The global unified communications market size reached US$ 127 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 468 Billion by 2032, exhibiting a growth rate (CAGR) of 15.4% during 2024-2032.
Industry Overview of Unified Communications
Unified communication (UC) is a system that offers and combines several corporation communication channels, including personal, voice, video, and team messaging, voicemail, and content sharing, to enhance business operations and human communications. It minimizes latency, eliminates media and device dependencies, and improves workflow regulation. In addition, UC offers various benefits, such as improved tool and application efficiency, better prioritization of information, and increased revenue from business processes. It also provides better productivity, streamlines IT services, reduces costs, and enhances cyber security and customer experience through UC-as-a-Service (UCaaS). Owing to these benefits, unified communications are widely adopted in manufacturing, aerospace and defense, energy and utilities, healthcare, and telecommunication industries.
For an in-depth analysis, you can refer sample copy of the report: "https://www.imarcgroup.com/unified-communications-market/requestsample">https://www.imarcgroup.com/unified-communications-market/requestsample
What are the growth prospects and trends in the unified communications industry?
The market is primarily driven by the expanding information and technology (IT) sector and the adoption of enterprise business operations to improve the overall organizational performance of an enterprise. In addition, the several benefits offered by UC, such as allowing precise and instant communication between employees, promoting team collaborations, providing a highly contextualized mobile service, and increasing the productivity of remote workers, are contributing to the market growth.
Moreover, the integration of artificial intelligence (AI) in UC to automate tasks, deliver supporting information, and analyze conversations, represents another major growth-inducing factor. Along with this, the growing popularity of mobile phones, hybrid work culture, and the surging trend of bringing your own device (BYOD) is propelling the market growth.
Furthermore, extensive research and development (RD) activities and the implementation of government initiatives for promoting the adoption of unified communication solutions for daily operations in various end-use industries are creating a favorable market outlook.
Leading Companies Operating in the Global Unified Communications Industry:
- 8x8 Inc.
- Avaya Holdings Corp.
- Cisco Systems Inc.
- GoTo (Citrix Systems Inc.)
- Huawei Technologies Co. Ltd.
- Microsoft Corporation
- Mitel Networks Corporation
- NEC Corporation (ATT Inc.)
- Ringcentral Inc.
- Verizon Communications Inc.
- Vonage Holdings Corp. (Telefonaktiebolaget LM Ericsson)
Unified Communications Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Solution
- Instant and Unified Messaging
- Audio and Video Conferencing
- IP Telephony
- Others
- Services
- Professional Services
- Managed Services
Breakup by Product:
- On-premises
- Hosted
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by End User:
- Enterprises
- Education
- Government
- Healthcare
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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