Unified Communications Market size forecast to reach USD 96.0 billion by 2023 - PowerPoint PPT Presentation

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Unified Communications Market size forecast to reach USD 96.0 billion by 2023


Request for a sample of this research report @ Unified communications market size was USD 34.8 billion in 2015 with revenue estimates of over USD 95 billion by 2023.; as per a new research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Unified Communications Market size forecast to reach USD 96.0 billion by 2023

Unified Communications Market size reach USD 96.0
billion by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Unified Communications (UC)
  • Enterprises accounted for more than 60 of the UC
    market share in 2015. This can be primarily
    attributed to rising adoption of video
    conferencing and web based collaboration.
  • Education sector is expected to grow at 13.7
    CAGR from 2016 to 2023 owing to increasing demand
    for distance learning.
  • North America unified communications market size
    was worth over USD 12 billion in 2015.The region
    has been driven by factors such as growing
    popularity of BYOD and presence of a number of
    major industry participants.

  • Asia Pacific unified communications market share
    is forecast to reach over 29 by 2023. Growing
    emphasis on cost cutting as well as demand for
    collaboration is expected to drive regional
    demand over the next seven years.
  • Raw materials required for manufacturing hardware
    components of these systems include
    microprocessors, Integrated Circuits (ICs),
    amplifier boards, and other electronic elements.
  • Key players include Cisco Systems, Microsoft,
    Alcatel-Lucent and Avaya. Competition is fierce
    among major manufacturers, with high emphasis on
    achieving product differentiation on the basis of

Europe unified communications market size, by
application, 2012 - 2023 (USD Billion)


Browse Full Market Research Report On Unified
Communications (UC) Market _at_ https//www.gminsig
arket Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
360 Analysis
  • Application Analysis
  • With over 60 of the global unified communication
    market share in 2015, enterprises were the
    leading application industry. Video conferencing
    and Web based collaboration are expected to be
    increasingly deployed across enterprises. They
    have also been turning to hosted and managed UC
    services to address the problem of high initial
    investment. Increased awareness regarding
    benefits has also led to adoption in small and
    medium-sized businesses (SMBs).
  • Regional Analysis
  • Demand from the U.S. unified communications
    market resulted in North America accounting for
    over 35 of the global revenue generation in
    2015. Asia Pacific UC industry is predicted to
    grow at 15 CAGR from 2016 to 2023.
  • Competitive Market Share
  • Major companies contributing to global unified
    communications market share are Cisco Systems,
    Microsoft Corporation, Avaya Inc, and
    Alcatel-Lucent. The industry is characterized by
    intense competition between these players for
    achieving product differentiation on the basis of
    quality. This has also resulted in increasing
    consolidation through strategic initiatives such
    as mergers, acquisitions, and partnerships.

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