Dublin, June 20, 2019 (GLOBE NEWSWIRE) -- The "Unified Communications Market Analysis Report By Product (Hosted, On-premise), By Application (Enterprises, Government), By Organization Size, By Solution, By Region, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global unified communications market size is expected to reach USD 167.1 billion by 2025, exhibiting a CAGR of 16.8% over the forecast period
Changing workforce dynamics, growing prominence for Unified Communication as a Service (UCaaS), and virtualization of data and devices are factors that are expected to increase the adoption of UC solutions in enterprises.
The use of cloud-based solutions for fast and seamless communication across enterprises is expected to positively impact market growth. Organizations are effectively deploying cloud-based collaboration solutions across various time zones so that they can improve the productivity of their mobile team members.
Growing adoption of cloud-based unified communication platforms is allowing geographically-diverse and dispersed teams to work together and collaborate mutually in real-time via voice and video conferencing. The transition toward the cloud is also allowing enterprises to curb capital spending by adopting an operational cost model that will enable them to pay on the basis of the capacity they require.
Increasing demand for UC solutions is opening up opportunities for solution providers to launch advanced versions of team collaboration software for enterprises. Solution providers such as Cisco Systems, Inc., Avaya, Inc., and IBM Corporation are offering a mix of UC and team collaboration solutions as part of their efforts to strengthen their market position.
Having realized that there are several UC solutions available in the market, key players are focusing on offering diverse solutions with various features, including support for audio and video conferencing, email platforms, instant messaging, and unified messaging. As a result, the market is expected to witness a convergence of voice communication, video communication, synchronous communication, and other communication tools.
Further key findings from the report suggest:
- The hosted UC solutions segment is expected to register a significant CAGR over the forecast period owing to increasing implementation of UCaaS solutions in enterprises
- The healthcare application segment is expected to develop at a CAGR of approximately 20.0% over the forecast period owing to increased adoption of video conferencing tools for remote patient monitoring
- The SMEs segment is expected to grow at the fastest pace through 2025 owing to the increasing need for an efficient unified infrastructure for improving communication capabilities
- The audio and video conferencing segment is poised to witness steady growth over the forecast period owing to rising deployment of visual communication tools in enterprises
- Asia Pacific is expected to be the fastest-growing regional market due to the emergence of local service providers offering diverse solutions
- Key players in the Unified Communications market include Avaya, Inc., IBM Corporation, Cisco Systems, Inc., and NEC Corporation.
Key Topics Covered:
Chapter 1 Methodology and Scope
1.1. Information Procurement
1.2. Information Analysis & Data Analysis Models
1.3. List of Data Sources
1.4. Research Scope & Assumptions
Chapter 2 Executive Summary
2.1 Unified Communications - Industry Snapshot & Key Buying Criteria, 2014 - 2025
Chapter 3 Unified Communications Industry Outlook
3.1 Market Segmentation and Scope
3.2 Unified Communications-Market Size and Growth Prospects
3.3 Unified Communications-Value Chain Analysis
3.4 Unified Communications-Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing adoption of BYOD
3.4.1.2 Growing penetration of mobile devices
3.4.1.3 Use of unified communications as a service
3.4.2 Market restraint analysis
3.4.2.1 Initial capital outlay
3.4.2.2 Lack of interoperability
3.5 Unified Communications-Company Market Share Analysis, 2018
3.5.1 Key company analysis, 2018
3.6 Unified Communications-Penetration & Growth Prospect Mapping
3.7 Technology Landscape
3.8 Comparative Analysis-Team Collaboration Software vs Unified Communications
3.9 Total Cost of Ownership (TCO) of Unified Communication Solutions
3.10 Unified communications-Business Environment Analysis Tools
3.10.1 PEST analysis
3.10.2 Porter's five force analysis
Chapter 4 Unified Communications Product Outlook
4.1 Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (Revenue, USD Billion)
4.2 Unified Communications Market: Product Movement Analysis
4.2.1 Hosted
4.2.2 On-premise
Chapter 5 Unified Communications Market Application Outlook
5.1 Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (Revenue, USD Billion)
5.2 Unified Communications Market: Application Movement Analysis
5.2.1 Enterprises
5.2.2 Education
5.2.3 Government
5.2.4 Healthcare
5.2.5 Others
Chapter 6 Unified Communications Market Organization Size Outlook
6.1 Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (Revenue, USD Billion)
6.2 Unified Communications Market: Organization Size Movement Analysis
6.2.1 SMEs
6.2.2 Large Enterprises
Chapter 7 Unified Communications Market Solution Outlook
7.1 Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (Revenue, USD Billion)
7.2 Unified Communications Market: Solution Movement Analysis
7.2.1 Instant & unified messaging
7.2.2 Audio & video conferencing
7.2.3 IP telephony
7.2.4 Others
Chapter 8 Regional Estimates & Trend Analysis
8.1 Market Size Estimates & Forecasts and Trend Analysis, 2014 - 2025 (Revenue, USD Billion)
8.2 Unified Communications Market Share by Region, 2018 & 2025
Chapter 9 Competitive Landscape
- Alcatel-Lucent
- Avaya Inc.
- Cisco Systems Inc.
- IBM Corporation
- Microsoft Corporation
- NEC Corporation
- Plantronics Inc.
- Polycom Inc.
- ShoreTel Inc.
- Unify GmbH & Co. KG
- Verizon Communications Inc.
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