Unified Communications & Collaboration Market to See Huge Growth by 2026 | Microsoft, BT, Verizon, Huawei, Google

ReportCrux Market Research has published a new report titled "Unified Communications & Collaboration Market by Deployment (On-Premise, Hybrid, and Cloud-Based); by Platform (Telephony, Unified Messaging, Conferencing, Collaboration, and Services and Tools); by Application (BFSI, Public Sector, Healthcare, IT & Telecom, Retail, and Others); and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 - 2027".

According to the report, global demand for unified communications & collaboration market was valued at approximately USD 28.9 Billion in 2019 and is expected to generate revenue of around USD 51.6 Billion by end of 2027, growing at a CAGR of around 7.5% between 2020 and 2027.

Major players in unified communications & collaboration market are Microsoft, BT, Verizon, Huawei, Google and others

Request for Sample Report https://www.reportcrux.com/get-sample/Unified-Communications--Collaboration-UCC-Market

Unified communications and collaboration (UCC) is a bunch of various software packages that work on a range of communication technologies including screen networking, real-time video conferencing, electronic mailing, chatting, and many others. UCC solutions function as an instant mode of contact between employees and businesses in different parts of the globe. With the growing proliferation of smart phones and the rapid introduction of 5G cellular data networks in various regions, connectivity approaches have transformed and thus driving the global unified communications and collaboration (UCC) market.

The global market for the unified communications & collaboration is segmented into deployment, platform, application, and region. Based on deployment, the market is segmented into cloud-based, on-premise, and hybrid. The cloud-based deployment segment is likely to grow at CAGR in the forecast period as cloud-based UCC solutions dramatically decrease the expense of overhead spent on purchasing & installing the communication equipment, thus increasing the need for the UCC market overall in the coming years.

Based on platform, the market is categorized into telephony, unified messaging, conferencing, collaboration, and services and tools. The telephony market is segmented into IP Phones, and IP Private Branch Exchange (PBX). The unified messaging market is further segmented into fax, voicemail, and email. The market for conferencing is segmented into video, audio, and web. The market for collaborations is further segmented into social network, mobile, and video platform. The telephony segment held almost 31% share of the market in 2019. This is due to the widespread use of IP phones to promote real-time communication between enterprises. IP phones serve as digital endpoints for delivering features, such as voice to data and creating stronger customer partnerships, improving competitive advantage, video apps, employee satisfaction, and improved connectivity. Besides, this platform provides easy support and better uptime.
Based on the application, the global market for unified communications & collaboration is segmented into BFSI, public sector, healthcare, IT & telecom, retail, and others. The IT & telecom segment accounted for almost 36% share of the market in 2019 due to the rapid adoption of this technology by Chinese IT companies. These organizations leverage UCC resources to connect global business locations seamlessly and enable successful team collaboration.

By region, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America held almost 42% share of the overall market due to the availability of advanced communications and IT infrastructure in the region, especially in the U.S. Moreover, robust growth in the region's business mobility along with the growing proliferation of mobile devices is raising market revenue. In terms of BYOD adoption, North American workers are ahead of their global colleagues, which are pushing organizations to incorporate UCC-based collaborative feature systems. Asia Pacific is likely to grow at high CAGR in the forecast period. The growing numbers of Chinese SMEs operating in the IT sector are taking advantage of the technology to save considerable costs for IT infrastructure and maintenance by implementing centralized management frameworks.

Ask Discount @ https://www.reportcrux.com/check-discount/Unified-Communications--Collaboration-UCC-Market

Unified Communications & Collaboration Market Segmentation

By Deployment
On-Premise
Hybrid
Cloud-Based

By Application
BFSI
Public Sector
Healthcare
IT & Telecom
Retail
Others

Table of Contents (TOC)
1. Global Unified Communications & Collaboration Market Introduction
1.1. Definition and Taxonomy
1.2. Research Scope
2. Research Methodology
3. Executive Summary
3.1. Global Market Overview and Key Findings by Major Segments
4. Market Dynamics and Industry Trend Analysis
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. SWOT Analysis
4.3. PESTLE Analysis
4.4. Porter's Five Forces Analysis
4.5. Market Growth Attractiveness Analysis by Key Segments and Region
5. Competitive Landscape and Market Share Analysis by Manufacturers
5.1. Market Competition Scenario
5.2. Manufacturer Market Share
5.3. Manufacturer Intensity Map
5.4. Opportunity Orbits
5.5. Strategic Market Developments
6. Global Unified Communications & Collaboration Market Value (USD Million), Share (%), Comparison by Key Segments
7. Global Unified Communications & Collaboration Market Value (USD Million), Share (%), Comparison by Region
7.1. North America
7.1.1. North America Regional Market Size and Trend Analysis
7.1.1.1. U.S.
7.1.1.2. Canada
7.1.1.3. Rest of North America
7.2. Europe
7.2.1. Europe Regional Market Size and Trend Analysis
7.2.1.1. Germany
7.2.1.2. UK
7.2.1.3. France
7.2.1.4. Italy
7.2.1.5. Spain
7.2.1.6. Russia
7.2.1.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Regional Market Size and Trend Analysis
7.3.1.1. China
7.3.1.2. Japan
7.3.1.3. India
7.3.1.4. Australia
7.3.1.5. Southeast Asia
7.3.1.6. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Regional Market Size and Trend Analysis
7.4.1.1. Brazil
7.4.1.2. Mexico
7.4.1.3. Rest of Latin America
7.5. Middle East and Africa
7.5.1. Middle East and Africa Regional Market Size and Trend Analysis
7.5.1.1. Saudi Arabia
7.5.1.2. South Africa
7.5.1.3. UAE
7.5.1.4. Rest of Middle East and Africa
8. Company Profiles of Key Manufacturers
8.1. Company Basic Information
8.2. Company Overview
8.3. Financial Highlights
8.4. Product Portfolio
8.5. Business Strategy
8.6. Recent Market Developments

Browse More Detail Information our Market Analysis @ https://www.reportcrux.com/summary/2860/Unified-Communications--Collaboration-UCC-Market

Contact Us:
ReportCrux Market Research
Kemp House 152 - 160 City Road London EC1V 2NX
phone Number: +91 895 615 7215
website: https://www.reportcrux.com/

Report Crux is a global market intelligence aggregator and publisher of market research reports, business information reports, economic and equity reports. We cater a diverse range of industrial sectors along with niche domains and sub-domains within the industry. We offer exclusive blend of cutting-edge market insights for the critical business needs. We have an experienced/professional team of researchers, analysts and consultants that are engaged in gathering and analyzing business information to offer best in class industry report for competitive business needs.

This release was published on openPR.