Unified Communications Market share to reach $96bn by 2023

The research report “Unified Communications (UC) Market Size By Application (Education, Enterprise, Healthcare, Government), By Product (Hosted/Unified Communications as a Service (UCaaS), On-Premise), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2016 - 2023”, by Global Market Insights, Inc. says Unified Communications Market size is forecast to hit USD 96 billion by 2023; impelled by increased mobility; according to a new research report.

Rising demand in the enterprise sector is anticipated to propel the unified communications market over the forecast period. This can be attributed to the ability of the technology to deliver real-time communication services required for critical business operations. Enterprises are installing new solutions along with updating their existing telephony or messaging infrastructure. The trend is predicted to drive the unified communications market size due to the rising need to improve operational efficiency and reduce costs.

UC technology provides scalability and flexibility coupled with the high availability for essential business tasks. Implementation of the technology in businesses has been amplified due to the numerous advantages associated with it including cost-efficiency, pay as per use and requirement, and reduced travelling time. Furthermore, it has eradicated the drawback of synchronous functions of geographically dispersed regions.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/402

The capability of accommodating multiple functionalities of communication system on a single platform makes telephony an essential tool in the business environment. The telephony technology is expected to boost the UC market size due to its compatibility with automated transfer of fax, voice, or other information. Furthermore, the rising demand of IP and VOIP telephony in telecom & IT, BFSI, travel & hospitality and logistic & transportation industries serve as a significant driving factor for the unified communications market size.

The consumer goods and retail sector may offer significant opportunities to the unified communications market size over the next few years. The technology helps retail outlets to update the business procedures by empowering rapid real-time services and quicker transaction closures. Cloud-based UC applications ensure organizations to eradicate wealth spending and adopt to an operational cost prototype which enables them to pay based on the required capacity.

Key insights from the report include:

• Hosted unified communications market size is anticipated to witness significant growth over the forecast timeline. The advantages associated with these products such as rapid implementation, automated upgrades, and scalability will drive demand in the coming years. Furthermore, development of cloud technology systems is expected to boost the UCaaS market.

• Enterprises dominated as of 2015, occupying nearly 60% of the unified communications market revenue, which can be credited to the increasing adoption for enhancing business processes and advantages offered by unified communication systems such as mobility.

• Government applications will exhibit considerable growth prospects due to escalating adoption of the technology to accommodate the needs of citizens pertaining to the permit processing and public safety. These solutions enable governments to efficiently deal with the emergencies and crisis conferencing.

• Asia Pacific is anticipated to witness significant growth at a CAGR of nearly 15% over the next eight years. Increasing demand for mobility is driving the demand advanced UC systems across the region. Furthermore, huge population base is anticipated to offer favorable opportunities for the India and China unified communications market share.

• Industry players include Microsoft Corporation, Avaya Inc, Alcatel-Lucent, and Cisco Systems, NEC Corporation, Siemens, and ShoreTel, among others. The industry participants are focusing on frequent mergers and acquisitions to gain prominence in the UC market. For example, in 2015, Cisco Systems acquired Acano. The collaboration will benefit Cisco to expand the scalability and interoperability of their product portfolio enabling clients to connect from any mobile location.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/402

Table of Contents

Chapter 1 Methodology and Scope

1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 List of Data Sources

Chapter 2 Executive Summary

2.1 Unified Communications industry 3600 perspective, 2012 - 2023

Chapter 3 Unified Communications Industry Insights

3.1 Industry segmentation
3.2 Industry size, forecast and growth expectations, 2012 - 2023
3.3 Industry ecosystem analysis
3.3.1 Vendor landscape
3.4 Unified communications market dynamics
3.4.1 Growth drivers
3.4.1.1 Growing BYOD industry
3.4.1.2 Increased mobility
3.4.1.3 High UCaaS demand
3.4.2 Industry pitfalls & challenges
3.4.2.1 High capital investment
3.4.2.2 Interoperability concerns
3.5 Key growth opportunities
3.6 Porter’s analysis
3.7 Competitive landscape, 2015
3.8 PESTEL analysis

Browse Related Reports:

Bring Your Own Device (BYOD) Market Size By End-Use (Small Businesses, Mid-To-Large Sized Businesses), By Device (Tablets, Smartphones, Laptops), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Landscape & Forecast, 2015 – 2022

https://www.gminsights.com/industry-analysis/bring-your-own-device-BYOD-market

About Global Market Insights

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.

Contact Us:

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
Blog: https://gminsights.wordpress.com
Connect with us: Facebook | Google+ | LinkedIn | Twitter

This release was published on openPR.