Unified Communication Market - Growth Analysis, and Forecast To 2022 – by Credence Research
According to a new market report published by Credence
Research Inc’s report “Unified Communication Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 -
2022,” the Unified Communication market was valued at US$ 31.8 Bn in
2014, and is expected to reach US$ 106.44 Bn by 2022, expanding at a CAGR of
5.8% from 2015 to 2022.
Browse the full Unified
Communication Market - Growth, Share, Opportunities, Competitive Analysis, and
Forecast 2015 - 2022, report at http://www.credenceresearch.com/report/unified-communication-market
Market Insights
Ever changing business dynamics are
forcing enterprises to deploy advanced solutions to strengthen their footholds
in competitive environment. Organizations across the world are incorporating
geographically distributed network capabilities and other resources instead of
starting new subsidiaries. In addition, enterprises are looking to outsource
non-core functions that represent a positive outlook for unified communication
service providers. In the last decade (2006 – 2015), unified communication
technology has been growing rapidly across the world. The unified communication
market observed significant growth and increased demand in the last five years.
Organizations have started to appreciate benefits of unified communication
solutions and now investing in packaged communication solutions instead of
using standalone Instant Messaging (IM), collaboration and mobility solutions.
Continuous evolutions in unified communication technologies and rising
investment in Internet Protocol (IP) infrastructure are expected to drive this
market growth in the near future. The unified communication market is expected
to see the double digit growth through the forecast period.
Competitive Insights:
The global unified communication
industry comprises large numbers of established players offer their solutions
to global clients. These players have better programs for solution developers
to extend their platforms with respect to changing business needs. Large and
mid size players in the industry are focusing on their customer support
services in order to gain competitive advantage in this industry. Vendors are
also focusing on development of advanced solutions to support real-time
communication. Vendors such as International Business Machines (IBM)
Corporation, Alcatel-Lucent S.A., NEC Corporation, Huawei Technologies Co. Ltd.
and ShoreTel, Inc are focusing on providing competitive solutions which reduces
deployment time and ownership cost for their clients. Microsoft Corporation,
Cisco Systems Inc, Avaya Inc and Unify are market leaders in the global unified
communication market.
Key Trends:
·
Unified communication deployments are
shifting to the cloud solutions
·
Unified communication and
collaboration offers integration with social networking and applications
·
Shifting demands towards packaged
solutions form standalone solutions
·
Rising demand for mobility solutions
·
Increasing demand for real-time
solutions such as instant messaging, IP and voice telephony, call control, data
sharing and video conferencing with other types of services such as fax, voice
mail, e-mail and SMS
·
High degree of market competition
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