Global Unified Communication Market with 16.9 % CAGR is expected to reach USD 173.30 billion by 2025 | Keyplayer's(Computer Sciences Corporation, BT Group, 8x8, Inc., West Corporation)

Global Unified Communication Market Report provides important information related to the overall market and price forecast from 2017-2025. In this bit, the experts have offered essential figures which relates to the forecast analysis for the major regions

Global Unified Communication Market Overview:

As per the projections of the Market Analyst, The Global Unified Communication market was valued at USD 42.51 billion in 2016 and is expected to reach USD 173.30 billion by 2025 at a Compound Annual Growth Rate (CAGR) more than 16.9. % over the forecast.

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Growth of the Global Unified Communication Market include Growing trends towards mobility ,Bring Your Own Device (BYOD) , growing need for operational efficiency and cost savings. significantly contributing to market growth include availability of low-cost handsets, decreased voice calling rates, and emergence of new messaging apps.

Need to consolidate all business communication modes such as messaging, email, and telephone into a single cohesive system is providing an impetus to industry growth. use of soaring number of devices and applications along with demand for high-volume messaging, call sharing, video, and meeting capabilities have significantly contributed to industry advancement. Also Rise in penetration of mobile Internet is expected to trigger the adoption of UC services.

Regionally, North America is expected to hold the largest market share and dominate the UCaaS market .The main drivers responsible for the growth of UCaaS services in North America are the stable economy, technological advancements, and unified communication infrastructure demands. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR

Telephony is expected to hold the largest market share owing to its compatibility with automated transmissions of voice, fax, or other information. The increasing demand of VoIP and IP telephony in BFSI, telecom & IT, logistic & transportation, and travel & hospitality industries acts as a major driving factor for the growth of telephony in the UCaaS market.

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Market players of Unified Communication Market:
1 Computer Sciences Corporation
2 BT Group
3 8x8, Inc.
4 West Corporation
5 Microsoft
6 Voss Solutions
7 Verizon Communications, Inc
8 Star2star Communications
9 Polycom, Inc
10 Cisco Systems Inc.

Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

The Unified Communication market is segmented into:

Unified Communication market by Component:
1 Telephony
2 Unified Messaging
3 Conferencing
4 Collaboration Platforms and Application

Unified Communication market By Organization Size:
1 Small
2 Medium
3 Large

Unified Communication market by Industry:
1 Banking, Financial Service and Insurance
2 Telecom & IT
3 Consumer Goods and Retail
4 Healthcare
5 Public Sector and Utilities
6 Logistics and Transportation
7 Travel and Hospitality

Unified Communication market By Regions:
1 North America Country (United States, Canada)
2 Asia Country (China, Japan, India, Korea)
3 Europe Country (Germany, UK)
4 Rest of the World

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Key Questions Answered in this Report:
1 What will the market size be in 2025?
2 What are the key factors driving the Unified Communication Market?
3 What are the challenges to market growth?
4 Who are the key players in the Unified Communication Market?
5 What are the market opportunities and threats faced by the key players?

TABLE OF CONTENTS
1 Unified Communication Market Definition and Scope
2 Research Methodology
3 Executive Summary
4 Unified Communication Market by component
5 Unified Communication Market, by Organization Size
6 Unified Communication Market, by Industry
7 Unified Communication Market, by Regional Analysis
8 Competitive Intelligence

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