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At 10% Cagr Unified Communications and Collaboration (UCC) Market To Hit $60 Billion By 2025 - Avaya, 8x8, Unify, Microsoft, Cisco, Verizon, and ALE

06-06-2019 02:22 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

Unified communications & collaboration (UCC) market

Unified communications & collaboration (UCC) market

Unified Communications & Collaboration (UCC) market is projected to surpass USD 60 billion by 2025 with a CAGR of over 10%. The market growth is attributed to factors such as penetration of smartphones and the growing need among organizations to streamline their business communication process flows. The rising usage of smartphones globally has compelled the UCC vendors to create mobile unified communications that will enable enterprises to access UC applications through a single interface. Moreover, the growing investments in 5G networks will also support the adoption of modern enterprise communication solutions.

The recent trend of the increasing alliances between leading unified communications & collaboration (UCC) market players and some of the world’s renowned IT behemoths has vividly underlined the strategic and competitive landscape of this business space.

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The growing popularity of unified communications & collaboration (UCC) market can further be attributed to the fact that as the prominent and emerging enterprises are aiming to expand their foothold in diverse geographical markets, the efficiency and effectiveness of streamlined communication functions would play a crucial role in ensuring beneficial output of business procedures.

The players operating in the UCC market include pure providers, such as Avaya, 8x8, and Unify, along with software providers such as Microsoft, Cisco, Verizon, and ALE.

The major strategy adopted by the key market players is strategic collaborations and partnerships. Such undertakings enable them to enrich their existing product portfolio and further expand their presence in different regional markets. Furthermore, strategic acquisitions also play a key role in the consolidation of the highly mature market as the major players are striving to extend their global presence and gain more market share.

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Browse key industry insights spread across 300 pages with 416 market data tables & 28 figures & charts from the report, “Unified Communications & Collaboration (UCC) Market Size By Platform (Telephony [IP Phones, IP PBX], Collaboration [Mobile, Social Network, Video Platform], Unified Messaging [Voicemail, Email, Fax], Conferencing [Audio, Video, Web], Services & Tools), By Deployment Model (On-premise, Cloud/Unified Communications as a Service (UCaaS), Hybrid), By Application (IT & Telecom, BFSI, Public Sector, Retail, Healthcare, Education), Industry Analysis Report, Reginal Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Singapore, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:

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

Telephony platforms are expected to hold a significant market share of around 29% by 2025 owing to large-scale deployment of telephony applications across enterprises in various sectors as a primary communication medium to enable real-time business communication. The IP phones segment will secure a larger share of the telephony market over the forecast period as it has numerous benefits over analog phones and cost much less than traditional telephone services. As IP phones transmit data over the internet, enterprises can stretch their communication infrastructure practically anywhere on the planet, provided they have internet connectivity. Also, they are much easier to install and configure compared to traditional phone systems.

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

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.

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