The report titled Unified Communications Market which was recently added by Kenneth Research, aims at providing the clients with the business growth and investment opportunities present in the market globally. Further, the market is evaluated on various parameters that is covered in the report and further includes market size, market volume and the growth rate over the forecast period, i.e., 2022-2031. The market is further anticipated to grow with a robust CAGR throughout the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Unified Communications Market Products.
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In Canada, the ICT sector consists of around 41,500 companies. Out of these, over 37,000 companies fall under software and computer services industry, resulting in around 89.8% of key players in the ICT industry to be involved in software and computer services. On the other hand, in the year 2018, as per the statistics of the Canadian ICT Sector Profile, released by the Government of Canada, ICT wholesaling, communications services and ICT manufacturing contributes to 4.5%, 3.4% and 2.2% share respectively in the country.
Unified Communications market in India is currently undergoing through a phase wherein the market can be characterized with steady growth and a cut-throat competition amongst players operating in the market space. Primarily, the market is boosted by the ongoing proliferation of high speed internet services such as 3G and broadband. Further, the demand to incorporate mobility amongst corporations is also raising the demand for UC based technology so as to facilitate seamless flow of information and data.
The market comprises of multiple segments including voice based communications, conferencing and messaging & calendaring. “Currently, the market is growing at a compounded annual growth rate of 23.5%,”says Mr. Kalyan Banga, Product Manager at Netscribes. An array of factors including rising enterprise mobility, availability of 3G and broadband services, abundance of smart portable devices and the presence of a tech savvy youth population basically propel the market forward. Cloud computing has become a significant part of the UC market wherein players hailing mostly from the small and medium business segment opt for hosted UC services and solutions. This typical behavior is mainly because of the tendency to avoid the upfront capital costs associated with the deployment of UC solutions. “The UC market will see investments pouring in from the SMB space which in turn is expected to grow at a steady CAGR of around 16%” added Kalyan.
The report begins with an illustration of a typical framework of Unified Communications which briefs about the data flow within the system. A section on the various phases of unified communications explains briefly, the evolution of UC so far. Market overview section contains the description of the market in terms of market size and growth rate. It also provides forecasted market size figures for the period from 2010-2016. A breakup of the various segments of the market has been provided further, which depicts the individual market size figures of these segments. Technology section provides readers with a comprehensive set of technologies which currently find the maximum popularity in India UC market. “Basically, the technologies can be broadly segregated into vice communication, conferencing and messaging and calendaring,” noted Kalyan.
Deployment strategy section is a result of a thorough analysis of the market and several case studies. The section explains the various essential strategies which can be taken into consideration in order to achieve a better ROI. Benefits of UC section mainly talks about the several benefits which users are likely to enjoy post implementation. Cloud based unified communication elaborates on the role of cloud computing in the UC market. The section highlights the basic framework of cloud based unified communications and proceeds further with detailed explanation about cloud based UC, the benefits of cloud UC. It also highlights a special section wherein it talks about the security issues associated. An illustration is provided in the report which helps in enlightening readers on the security aspect of cloud based unified communications.
An analysis of the drivers for the market explains growth factors such as rise in enterprise mobility, proliferation of 3G and broadband, high presence of smart devices and growing youth population. The key challenges identified include government restrictions and lack of awareness.
The report also talks about the vendor opportunity in explicit details. The section has been derived after an in-depth analysis of the overall UC market and the potential areas which can be effectively tapped so as to generate a better foothold in the market. “The public sector and the SMB space are capable of providing immense growth opportunities for UC vendors,” pointed out Kalyan. The section lists down the various important aspects of these opportunity areas such as the market size, investments, major influencing factors, key technologies poised to experience a hike in adoption, prospective leads in the government sector, preference for technology and strategy to generate maximum ROI.
“Currently, users are showing a rising interest in latest technologies such as video communication as a service and enterprise social softwares amongst others,” noted Kalyan. Technology trends in the report talks about these changing trends amongst users which in turn will provide readers a clear idea about the latest trends in the Indian UC market. The section explains each such trend in details.
Key unified communications vendors have been profiled in details within the report which enables readers to get a clear picture of the current competitive scenario. The section lists the basic details of the players such as corporate information, business highlights and key members. The section also features financial analysis of key vendors which in turn provides us with the financial health of players. It also features SWOT analysis of individual UC vendors which in turn provides an extended value addition to the report.
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The Market report answers the following questions:
What is the aim of the report?
- The Unified Communications Market report presents the estimated market size of Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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