Unified Communications (UC) Market Advance Technology and Trends 2018 to 2023


Posted May 21, 2018 by CmrSaif

The Unified Communications (UC) Market was worth USD 14.18 billion in the year of 2014 and is expected to reach approximately USD 34.06 billion

 
“Global Unified Communications (UC) Market Report 2018” presents an in-depth assessment of the Unified Communications (UC) including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Unified Communications (UC) investments from 2014 till 2023. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, growth and demand drivers, etc.

The Unified Communications (UC) Market was worth USD 14.18 billion in the year of 2014 and is expected to reach approximately USD 34.06 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 10.23% during the forecast period.

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Industry Outlook and Trend Analysis
Extensive development over the BYOD market crosswise over endeavors attributable to the huge demand for portability is foreseen to drive unified communications market measure over the conjecture course of events. Rising number of devices that employees use for communication has increased the interest for unified communication solutions for enable the adaptability to get to various interfaces by using any coveted device, for example, tablets or smart phones. These arrangements have turned out to be pivotal for big business and purchaser fragment. Employees and consumers extensively rely on their cell phones and expect prevalent quality, notifications on real-time basis and help prompting increasing demand for cloud-based UC services. Services as such are required to streamline work process and performance of employees and offer improved satisfaction of consumers. Rising trend of UC as a collective communication stage is foreseen to drive the unified communications market. Market players are progressively using cloud API suppliers, for example, TokBox, and Twilio to add functions of communication to their applications and increase the profitability. Associations are empowering cross-team collaboration and information sharing prompting increment in implementation of collaboration solutions and unified communications.

Product Outlook and Trend Analysis
Advancements in technology and surging implementation of cloud computing are foreseen to boost the requirement for facilitated UC solutions. Cloud-based systems require lees maintenance and give quick and consistent communication capacities at insignificant capital use. Described by an OPEX model and highlighting quick adoption, automated upgrades, and flexibility, it is likewise especially appropriate to SMEs. On-premise UC systems offer enhanced control and customization capacities and are convenient to manage. In 2015 the segment represented about 60 percent of the income share of the general UC market against on-premise solutions. Nonetheless, increased maintenance and installation expenses related with on-premise solutions and an expanded inclination towards the cloud-based UC systems has brought about a noteworthy turnaround in the business, with facilitated systems anticipated to catch an impressive part of on-premise systems' income share.

Application Outlook and Trend Analysis
Organizations ruled the worldwide UC market, representing more than half of the general market income share, which can be credited to the expanding implementation of inventive IT arrangements in business operations crosswise over different end-use divisions. Progressed UC system gives mobility, presence, and coordinated effort that empower endeavors to have better-associated representatives and improved operational readiness in this manner accommodating better client engagement. Government, Education, and healthcare are foreseen to encounter significant development in the requirement throughout the following decade. Governments are contributing intensely in the implementation of such innovations crosswise over universities, schools and colleges to empower a quick trade of data among the people. The implementation of such systems in the government end-use division is anticipated develop significantly in the upcoming years.

Regional Outlook and Trend Analysis
In 2015 North American area is foreseen to rise as a prevalent market representing more than 35 percent of the worldwide interest for UC arrangements. The United States is a key area for UC solutions industry, because of the existence of a group of worldwide associations that record for a noteworthy offer of the customers for the unified communication solutions. Asia Pacific regional unified communications market is anticipated to encounter huge development over the figure time frame. The district is anticipated to represent more than 30 percent of the worldwide UC industry share in the upcoming years. Rising industrialization crosswise over creating economies, for example, China and India from the Asia Pacific area is foreseen to prompt an expanded selection of such arrangements over the end-use businesses.

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Competitive Insights
Some of the major players in the market are Avaya, Cisco Systems, Alcatel-Lucent and Microsoft. Cisco Systems Inc., with its broad portfolio of UC solutions that give predictable end-user experience, has acquired a major share of the general market. Different organizations incorporate Siemens AG, Shore Tel, NEC Corporation, and IBM Corporation. The present market condition is characterized by extreme competition between the key players for accomplishing industry control by means of item separation and improvement of value; this has brought about developing combination through key activities, for example, acquisitions, alliances, and mergers.

Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1.Market Definition
3.1.2.Market Segmentation
3.2. Market Dynamics
3.2.1.Drivers
3.2.1.1.Growing BYOD Industry
3.2.1.2.High UCaaS Demand
3.2.1.3.Increased Mobility
3.2.2.Restraints
3.2.2.1.Interoperability Concerns
3.2.2.2.High Capital Investment
3.2.3.Opportunities
3.2.3.1.Emerging Markets to Offer Lucrative Growth Opportunities


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Unified Communications (UC) market based on product and application. It also provides market size and forecast till 2023 for overall Unified Communications (UC) market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

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Issued By saif bagwan
Country United States
Categories Advertising , Business
Last Updated May 21, 2018