PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279781
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279781
Global Unified Communication & Collaboration (UC&C) Market is valued approximately USD 51.60 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 17.7% over the forecast period 2022-2029. Unified communications refer to a broad range of services and technologies that a company requires to efficiently communicate and collaborate. UC&C integrates communication methods including IP Telephony Calling, Instant Messaging, Voice, Web Conferencing, Audio Conferencing, and Video Conferencing, among others, to connect virtually seamlessly. The Unified Communication & Collaboration (UC&C) market is expanding because of factors such as emergence of pay-as-you-go model driving the demand over legacy uc solutions and changing workforce dynamics leading to the emergence of new forms of enterprise collaboration.
The rising use of remote work has increased the demand for digital workplace solutions for everyday operations, collaboration, and communication. Additionally, these technologies will be adopted as a part of a digital workplace plan linked to corporate objectives. For instance, according to a 2021 survey by Harvard Business School, 81% of employees no longer desire to work in an office setting on a full-time basis, Additionally, the Chinese government revealed its goal for the digital transformation in May 2020 and allocated USD 1.4 trillion to support it. The digitalization strategy encourages China's local firms to automate using cutting-edge technologies like IoT, 5G, AI, cloud computing, and various AI-driven IT applications. The expansion of the unified communication and collaboration market has been fueled by a rise in government investment for digitization and a spike in the adoption of digital platforms by SMEs and large-scale organizations worldwide. In addition, growing demand from SME's rising technological advancement is creating a lucrative growth to the market. However, the high cost of Unified Communication & Collaboration (UC&C) stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Unified Communication & Collaboration (UC&C) Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key market players, rising demand for adoption of new technologies by various SMEs and more. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as UC&C tool demand has increased due to increased digitalization activities across Asia Pacific.. The region is experiencing a rise in cloud adoption due to the rising popularity of disruptive technologies like artificial intelligence, augmented reality, and the Internet of Things (IoT). As a result, the market expansion in the region will be aided by cloud-based UC&C.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Organization Size offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable