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Global Opportunity Analysis and Industry Forecast, 2016-2023, the global unified communication market was valued at $ 32,879 million in 2016, and is projected to reach at $ 74,244 million by 2023, growing at a CAGR of 12.60% from 2017 to 2023. BFSI and energy and utilities segments possess the maximum growth potential, and are expected to create lucrative opportunities for industry players.<br><br>
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Unified Communication Market Growing Trends Towards Mobility and BYOD Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2016-2023
Introduction According to a new report by Allied Market Research, titled, Unified Communication Market by Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2016-2023, the global unified communication market was valued at $ 32,879 million in 2016, and is projected to reach at $ 74,244 million by 2023, growing at a CAGR of 12.60% from 2017 to 2023. BFSI and energy and utilities segments possess the maximum growth potential, and are expected to create lucrative opportunities for industry players. The telephony segment dominated the unified communication market in 2016, with around 29% revenue share and mobility segment is anticipated to exhibit fastest growth rate. This is attributed to the improved IT infrastructure and increased cloud-related expenditures. Unified Communication Market
Overview The Global Unified Communication Market was valued at $ 32,879 million in 2016, and is projected to reach at $ 74,244 million by 2023, growing at a CAGR of 12.60% from 2017 to 2023. Unified communications provide various benefits to enterprises operating in varied industry verticals by providing real-time unified access to interaction through integration of multiple communication platforms. Unified communication service providers have introduced innovative products and solutions to enable ease of access and high level of interoperability to achieve high productivity and informed decision making through collective efforts. Moreover, there are various forms in which unified communications are available, these include video, telephony, conferencing, mobility, unified messaging, IM and presence, and contact center. The mobility segment is anticipated to witness the highest growth rate during the forecast period. Unified Communication Market
Segment Overview The global unified communication market is segmented based on application, industry vertical, and geography. Applications covered in the study include video, telephony, conferencing, mobility, unified messaging, IM and presence, and contact center. Varied industry verticals covered in the report are energy and utilities, IT and telecom, retail, healthcare, manufacturing, BFSI, public sector, aerospace and defense, and others. Based on region, the market is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Get Sample Copy: https://www.alliedmarketresearch.com/request-sample/210 Unified Communication Market
Application Unified Communication Market
Industry Verticals Unified Communication Market
Top Impacting Factors The global unified communication market is influenced by several factors that include rise in need for improved communication solutions, increased application areas, increase in market for cloud solutions and proliferation of smart devices, growth associated with end-use industries, demand from developing economies, and others. All these factors collectively provide opportunities for unified communication market growth. Proliferation of Smart Phones and BYOD Trend Increased Market for Cloud Based Solutions Impact of Developing Economies Unified Communication Market
Key Findings The telephony segment dominated the global unified communication market in 2016. The BFSI, energy & utilities, and IT & telecom segments are estimated to provide significant growth opportunities to the key market players. The North American market is expected to be dominant, in terms of market size. However, Asia-Pacific and LAMEA are estimated to possess the highest CAGR during the forecast period. The key players operating in the market include Aastra, Alcatel-Lucent, At&T, Cisco, Connect solutions, Hewlett-Packard, IBM, Microsoft, Siemens Enterprise Communications, Verizon Communications, and others. Unified Communication Market
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