According to a new market research report published by Global Insight Services “Unified Communications Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Unified communications (UC) is a term used in business communications for describing the integration of real-time communication services such as instant messaging (chat), presence information, telephony (including IP telephony), video conferencing, call control and speech recognition with non-real-time communication services such as unified messaging (integrated voicemail, e-mail, SMS and fax). UC is not a single product, but a set of products that provide a consistent unified user interface and user experience across multiple devices and media types.
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Key Players
The global unified communications market includes players such as Aastra, Alcatel-Lucent, AT&T, Cisco, Connect Solutions, Hewlett-Packard, IBM, Microsoft, Siemens Enterprise Communications, Verizon Communications, and others.
Key Trends
There are several key trends in Unified Communications technology. One is the move towards more open standards. This is happening in response to the growing popularity of UC, as more companies want to be able to interoperate with each other.
Another key trend is the move to cloud-based UC. This is driven by the need for lower capital costs and more flexibility in deployment. Cloud-based UC can also be more easily scaled up or down as needed.
Finally, there is a trend toward integrating UC with other business applications. This is driven by the need to improve business efficiency and productivity.
Key Drivers
The key drivers of the unified communications market are the ever-increasing need for organizations to be more agile and responsive to the needs of their customers and employees.
The traditional methods of communication such as telephone and email are no longer adequate to meet the needs of today’s organizations.
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Market Segments
The unified communications market is segmented by application, end-user, and region. By application, the market is classified into video, telephone, conferencing, and others. On the basis of end-user, it is bifurcated into energy, IT, retail, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy Unified Communications Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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