Overview:

Single communication platform for messaging, call, fax, email, etc. is called as unified communication platform. Unified communication offers higher productivity, lower cost, higher performance, and lower cost. Rising digitalization and rising adoption of cloud based services are propelling the demand for unified communication.

Market Dynamics:

Changing company policies towards adoption of bring your own device (BYOD) is a key factor driving growth of the target market. In addition, increasing internet penetration coupled with rising mobile adoption are other factors further fueling the market growth. Moreover, increasing number of startups is another factor propelling the market growth and is expected to further support the growth to a significant extent during the forecast period. Increasing adoption of IoT devices and deployment of artificial learning is expected to create lucrative opportunities for key players during the forecast period.

Key Trends:

Key collaboration between major network providers and unified communication players to enhance product offering is a key trend observed in the market. For instance, Zoom and Verizon collaborated to enhance their product offering in 2019.

Regional Analysis:

For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounted for highest share in terms of revenue in the Unified Communications Market. High technology adoption coupled with presence of key vendors is key factor attributing for the dominance of the region. The market in Asia Pacific is expected to witness highest growth rate in terms of revenue during the forecast period. Rising cloud adoption and increasing number small & medium sized enterprises are key factors favoring the market growth.

Scope of the Report:

Detailed Segmentation:

Global Unified Communications Market, By Deployment Type:

• Hosted
• On-premise

Global Unified Communications Market, By Industry Verticals:

• BFSI
• Telecom and IT
• Consumer Goods and Retail
• Healthcare
• Public Sector and Utilities
• Logistics and Transportation
• Travel and Hospitality
• Others

Key Players Covered:

Key players operating in the market includes, Alcatel-Lucent, Avaya Inc., Cisco Systems Inc., IBM Corporation, Microsoft Corporation, NEC Corporation, Plantronics Inc., Polycom Inc., ShoreTel Inc., and Unify GmbH & Co. KG.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Unified Communications Market by deployment type, industry verticals, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global unified communications market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.