Selbyville, Delaware, March 01, 2019 (GLOBE NEWSWIRE) --
The unified communications and collaboration market is poised to rise from USD 32 billion in 2018 to around USD 60 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The market growth is attributed to the growing penetration of mobile devices and increasing adoption of BYOD trend across enterprises on a global scale.
Increase in the consumption of mobile internet is expected to further assist the UCC market growth during the timeline. Allowing employees to bring their own devices to the workplace helps companies cut hardware and service costs considerably. Enterprises are increasingly accepting BYOD to enhance employee productivity. UCC technology leverages this BYOD eco-system to enable efficient communication with mobile resources.
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Telephony platforms are expected to hold a significant unified communications and collaboration 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.
Unified messaging platforms are projected to register excellent growth with a CAGR of over 10% between 2019 and 2025. This excellent growth can be attributed to the ability of the solutions to unify different messaging channels, such as email, fax, instant messages, and voicemails, into a single framework making the task of managing all such messages less tedious and time-consuming.
The cloud-based unified communications and collaboration (UCC) market is expected to exhibit excellent growth between 2019 and 2025 with a CAGR of over 10% owing to the growing popularity and adoption of cloud computing technology across businesses in varied sectors ranging from IT & telecom, BFSI, healthcare, and public services. The hybrid model will experience accelerated growth during the timeline. As the framework gives cloud capabilities along with secure on-site storage of critical data, the model is witnessing rapid adoption by enterprises wanting to implement UCC systems.
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
The IT & telecom unified communications and collaboration market is expected to hold a majority share of the overall market by 2025 due to high adoption and immense applications of the technology for process flows in the industry. Effective team collaboration and robust network availability are some of the key requirements of the enterprises operating in this sector; hence, UCC technology is witnessing high acceptance from such enterprises that operate on an extensive global scale.
SMEs in the unified communications and collaboration market can largely benefit from the scalability and flexibility offered by cloud-based UCC solution providers. They can dynamically scale their communication infrastructure depending upon their changing infrastructure requirements without paying for procuring costly infrastructure components. This way, they can increase their ROI on communication systems while enabling an efficient enterprise communication framework for their employees and customers.
North America will dominate the unified communications and collaboration market by 2025 primarily due to the availability of a robust telecom and cloud infrastructure in the region. Also, extensive support for BYOD and readiness to adopt the trend by the U.S. enterprises will positively contribute to the market growth.
The Asia Pacific market is expected to grow with the highest CAGR of over 12% between 2019 and 2025 due to increasing demand for better business communication infrastructure by organizations operating in emerging economies in the region. Also, large-scale digitalization initiatives undertaken by government agencies in China and India are expected to contribute to the rising uptake of unified communications and collaboration solutions in the region.
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.
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