Global Unified Communications Market size is
expected to reach USD 143.49 billion by 2024, according to a new report by Grand View Research, Inc. The substantial
growth prospects of the unified communications market can be attributed to the
rapid international expansion of organizations and an increasing need for
real-time and efficient communication systems that enhance the
inter-organizational exchange of information.
Favorable government and institutional initiatives worldwide supporting
the introduction of UC deployment across various industry sectors are expected
to positively impact the market over the forecast period.
Organizations across various industry verticals are adopting various
tools and strategies in order to optimize processes, decrease operational
costs, improve efficiency and increase productivity. Unified communication
solutions enable real-time communications within as well as outside of the
organization thereby enabling the elimination of delays and speeding up of
business processes.
However, high initial costs for such solutions and interoperability
issues are presumed to challenge the industry growth over the next eight years.
In the U.S., ambiguous VoIP related regulations by the FCC may affect the
industry dynamics in the coming years.
Full Research
Report on Global Unified Communications Market Analysis:
http://www.grandviewresearch.com/industry-analysis/unified-communication-market
http://www.grandviewresearch.com/industry-analysis/unified-communication-market
Further key
findings from the report suggest:
- On-premise
UC solutions accounted for nearly 60% of the overall market share in 2015
owing to the ease of customization and control they offer. Moreover, such
solutions bring in a sense of security within the organization as critical
business infrastructure resides in-house curtailing on security concerns.
However, such systems require adequate maintenance and well-trained IT
staff, thereby adding to their operational expenses.
- Hosted
unified communications systems provide enhanced flexibility compared to
their on-premise counterparts. Such systems enable streamlined access to
company data for the employees at a reduced infrastructure cost and are a
good fit for geographically distributed organizations. The segment
accounted for near 40% of the overall UC market revenue share in 2015 and
is projected to overtake on-premise systems over the forecast period.
- Enterprise
end-use applications dominated the overall UC system industry in 2015.
They accounted for nearly 50% of the overall market owing to the surge in
adoption of such solutions in SMEs across various industry verticals.
Governments from the countries such as the U.S., Canada, UK, Japan and New
Zealand are investing in the adoption of such solutions across its
institutions along with schools, colleges, and universities. The
government end-use segment is expected to witness a substantial growth
growing at a CAGR of nearly 20% over the forecast period.
- The
unified communications market in Asia Pacific region accounted for over
25% of the overall market share in 2015 and is expected to witness substantial
growth over the next eight years. Developing economies such India and
China from the region are expected to offer extensive growth avenues for
the regional industry growth, owing to increasing industrialization and
modernization of business processes eventually leading to surge in the
adoption of such UC solutions.
- Key
market participants include Alcatel-Lucent S.A, Avaya Inc., Cisco Systems
Inc., and Microsoft Corporation. Leading vendors are emphasizing on simple
yet customized business communication offerings targeting small and medium
business organizations. Moreover, service providers worldwide are offering
innovative and dynamic communications and collaborating tools giving them
an advantage over their competitors.
View more
reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/communication-services
Grand View
Research has segmented the Global Unified Communications Market on the basis of
product, application, and region:
Unified
Communications Product Outlook (Revenue, USD Billion, 2013 - 2024)
- On
Premise
- Cloud-Based/Hosted
Unified
Communications Application Outlook (Revenue, USD Billion, 2013 - 2024)
- Enterprises
- Education
- Government
- Healthcare
- Others
Unified
Communications Regional Outlook (Revenue, USD Billion, 2013 - 2024)
- North
America
- Europe
- Asia
Pacific
- South
America
- MEA
View Press Release Of This Report by
Grand View Research: http://www.grandviewresearch.com/press-release/global-unified-communication
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more
Information visit: www.grandviewresearch.com
No comments:
Post a Comment