Global Unified Communication Market Anticipated to Grow at a CAGR of 15.0% during 2016-2024

New York, USA, 2018-Dec-06 — /EPR Network/ —  As per Goldstein Research analysis, Unified Communication Market is expected to be valued at USD 104.59 billion by 2024, anticipated to be growing at a CAGR of 15.0% during the forecast period 2016-2024. Propelling demand for virtualized communications and enterprise mobility are majorly driving the global unified communication market. Based on the end user, enterprise segment is witnessed to be dominating the market with 58% share of global unified communication market in 2016. Global unified communication market is largely dominated by North America owing to the huge implementation of advanced and innovative information and communication technologies across industry verticals such as enterprise, government, banking & finance services and healthcare to improve business productivity.

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Market Segmentation

Global Unified Communication Market can be segmented as follows:

Based on Components

  • Telephony
  • Presence Management
  • Instant Messaging
  • Unified Messaging
  • Speech Access and Personal Assistant
  • Conferencing (Audio, Web and Video)
  • Collaboration tools
  • Mobility
  • Business process integration (BPI)
  • Call Control and Multimodal Communications

Based on Product Type

  • Unified Communications & Collaboration as a service (UCCaaS)
  • Unified Communications and Collaboration (UC&C)

Based on Deployment Type

  • On-Premise
  • Hybrid
  • Cloud-Based

Based on End-User

  • Information and Communication Sector
  • Banking & Finance Services
  • Enterprise
  • Healthcare
  • Retail
  • Manufacturing
  • Education
  • Government

By Region

  • North America Unified Communication Market Analysis, 2016-2024
  • Europe Unified Communication Market Analysis, 2016-2024
  • Middle East And Africa Unified Communication Market Analysis, 2016-2024
  • Latin America Unified Communication Market Analysis, 2016-2024
  • Asia Pacific Unified Communication Market Analysis, 2016-2024
  • Rest Of The World Unified Communication Market Analysis, 2016-2024

“Global Unified Communication Market Outlook 2024” contains a detailed overview of the global unified communication market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by components, product type, deployment type, end user and geography.

The Global Unified Communication Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of the unified communication market report will help the clients to assess their business strategies as per the competitive environment in the market space.

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Major players of the global unified communication market discussed in the report are: Cisco Systems, Microsoft Corporation, IBM Corporation, Mitel Networks, Huawei Technologies Co. Ltd., NEC Corporation, Avaya Inc., Unify, Alcatel-Lucent Enterprise (ALE) International, FuzeBox Inc., Broadsoft Inc., Panterra Networks, Premiere Global Services, Blue Jeans Network, ShoreTel Inc., 8X8 Inc., Orange Business Services, Applied Voice & Speech Technologies Inc., AT&T, Google Inc., Verizon Enterprises Solutions, Telstra Corporation Ltd., Aastra Technologies Limited, Hewlett-Packard, Siemens Enterprise Communications, Vodafone, Tata,etc.

Further, Global Unified Communication Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Unified Communication Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

Unified Communication Market is driving on the basis of advancement in mentioned below industries:

Cloud Computing Market

Growing awareness and familiarity with public cloud services are significantly contributing in the development of public cloud services market and its worldwide acceptance. For instance, in 2014, General Electric shifted over 90 percent of their applications in a public cloud environment. Cloud Computing Market is projected to reach USD 408.3 billion in 2024 from USD 105 billion in 2016, growing at a CAGR of 18.5% during the forecast period, owing to the increasing adoption of cloud computing services among small and medium-sized enterprises.

Big Data Market

Big Data Market is expected to reach USD 200 billion by 2024, growing at a compounded annual growth rate of 22.4% over the forecast period 2016-2024. The increasing volume of data is significantly creating a demand for a cost-effective, flexible and secure storage of data such as Hadoop and others.

IT Services Market

IT Services Market estimated at USD 145.3 billion in 2016, which is estimated to reach USD 249.4 billion by 2024, growing at a CAGR of 9.4% over the forecast period 2016-2024. Advancing technologies and services such as big data, cloud computing, and mobility services among others that tend to provide flexibility, cost efficiency and improved profit margins to the companies are majorly driving the growth of global IT managed services market.


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