Unified Communications (UC) Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2023

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Unified Communications (UC) Market Global
Industry Analysis Report, Share, Size, Growth,
Price Trends and Forecast, 2015 2023
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Overview

• The size of the global Unified Communications
  Market was evaluated at 34800 million US dollars
  during year 2015 in terms of revenue. It is
  predicted that the total revenue would grow more
  than 95000 million US dollars by the end of year
  2023.Aspects like growing acceptance of BYOD
  (Bring Your Own Device) by many of the emerging
  firms, increasing virtualization of business
  processes and growing market penetration of
  mobile equipments at workplace have resulted in
  growing demand growth of the global unified
  communications market.
• Further, growing reputation of video as a
  communication tool and desktop embedded with
  video facility are few of the aspects adding to
  the growth expansion of the global industry.
  Today, firms are finding unified communication as
  a tool to enhance employee efficacy and minimize
  price while reducing the emission of greenhouse
  gases.

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Continued

• Small and medium firms as well as big firms have
  understood the significance and advantages of
  unified communications. This has propelled the
  growth of the unified communications
  industry/sector. Also growing reliance on cloud
  activities as main means of management
  information/data storage is also one of the
  aspects promoting the growth of the global
  unified communications market.
• Government section, education section and
  healthcare section are few of the other sections
  that are predicted to witness significant rise in
  demand for unified communications technology.
• However, few of the factors that have hindered
  the growth of the global unified communications
  market are high initial installation costs, high
  proportion of complexity, unsure ROI related with
  this new technology and heavy reliance on virtual
  world. Based on the product type, the global
  unified communications market is divided into
  cloud based system and on premise system.

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

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Continued

• Cloud based system provides flexibility. Firms
  installing these systems can add new features to
  these systems if and when needed. In addition to
  this, the system offers various advantages to the
  firms that include better streamlined access to
  organization data and minimized cost of
  infrastructure. These systems are a best fit for
  geographically/ topographically distributed
  firms.
• On premise systems are easy to handle, provide
  good control abilities and offer customization.
  It requires well trained staff and good
  maintenance facility. Depending upon the end user
  applications, the global unified communications
  market is bifurcated into education, government,
  healthcare and enterprises.
• Enterprises section contributed about half of the
  total share of the global unified communications
  market during year 2013. The growth of the
  section can be credited to growing acceptance of
  information technology in business procedures by
  enterprises and advantages like effective
  collaboration and mobility offered by unified
  communications technology to enterprises.
  Further, unified communications help enterprises
  to have good functional agility, better employee
  coordination and best client engagement.

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Continued

• Growing initiatives taken by government to
  enhance their procedural efficacies and improve
  their applications have made it a rapidly
  emerging section in the global unified
  communications market. The demand of the unified
  communications technology in government
  applications is predicted to expand during the
  forecasted span.
• Based on the geographical locations, the global
  unified communications market is divided into
  North American subcontinent, APAC zone, European
  continent and region of rest of the world.
• The subcontinent of North America contributed
  maximum share to the total share of the global
  unified communications market. The industry is
  featured by the presence of main industry
  participants in subcontinent and high reputation
  of BYOD services in regions of North American
  subcontinent.
• APAC zone and European continent are predicted to
  be rapidly emerging regions. The aspects that can
  be credited to the growth of the unified
  communications market in these regions are
  effective collaboration, cost savings and
  efficient communications.

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