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The global unified communication market is expected to reach USD 75.81 billion by 2020. Increase in mobile workforce as well as enterprise mobility is expected to favorably impact the global market over the next six years. Growing demand and proliferation of smartphones is also expected to fuel market growth over the forecast period.
Request TOC of “Unified Communication Market Analysis By Product, By Application And Segment Forecasts To 2020" visit - http://www.radiantinsights.com/research/unified-communication-market-analysis-by-product-on-premise-cloud-bases-hosted-by-application-education-enterprises-government-healthcare-and-segment-forecasts-to-2020
Increasing adoption of Bring Your Own Device (BYOD) initiatives by large enterprises as well as SMEs (small and medium enterprises) is a driving force for the industry. High initial investment as well as need for interoperability across various unified communication platforms may pose a restraint to the market.
Further key findings from the study suggest:
On premise unified communication accounted for over 60% of the market in 2013. However, the cloud-based or hosted product segment is expected to rapidly gain share over the forecast period. This is mainly due to the high initial cost of installation as well as additional maintenance cost associated with on premise solutions.Enterprises emerged as the largest application segment in 2013 and are expected to continue dominating the market over the next six years. Small, medium and large enterprises have been deploying the necessary IP infrastructure to support unified communication. The adoption of an effective communication system in the government sector aids in operational continuity, emergency response as well as situational awareness.
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North America accounted for over 35% of the market in 2013; the regional market is characterized by the presence of several key players as well as high popularity of BYOD solutions. Europe and Asia Pacific are expected to be fast growing markets, which can be attributed to need for effective communication and collaboration, along with cost savings.
Key industry participants include Cisco Systems, Avaya, Inc., NEC Corporation, IBM Corporation, Alcatel-Lucent, Microsoft Corporation, Verizon Communications, etc. Major growth strategies employed by these companies include agreements, partnerships and acquisitions in order to consolidate market share.
For the purpose of this study, Grand View Research has segmented the global unified communication market on the basis of product, application and region:
Ø Unified Communication Product Outlook (Revenue, USD Billion, 2012 - 2020)
o On premise
o Cloud-based/hosted
Ø Unified Communication Application Outlook (Revenue, USD Billion, 2012 - 2020)
o Enterprise
o Education
o Government
o Healthcare
o Others
Ø Unified Communication Regional Outlook (Revenue, USD Billion, 2012 - 2020)
o North America
o Europeo Asia Pacific
o RoW
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Source URL: http://www.grandviewresearch.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Blog: http://www.radiantinsightsinc.blogspot.com/
Request TOC of “Unified Communication Market Analysis By Product, By Application And Segment Forecasts To 2020" visit - http://www.radiantinsights.com/research/unified-communication-market-analysis-by-product-on-premise-cloud-bases-hosted-by-application-education-enterprises-government-healthcare-and-segment-forecasts-to-2020
Increasing adoption of Bring Your Own Device (BYOD) initiatives by large enterprises as well as SMEs (small and medium enterprises) is a driving force for the industry. High initial investment as well as need for interoperability across various unified communication platforms may pose a restraint to the market.
Further key findings from the study suggest:
On premise unified communication accounted for over 60% of the market in 2013. However, the cloud-based or hosted product segment is expected to rapidly gain share over the forecast period. This is mainly due to the high initial cost of installation as well as additional maintenance cost associated with on premise solutions.Enterprises emerged as the largest application segment in 2013 and are expected to continue dominating the market over the next six years. Small, medium and large enterprises have been deploying the necessary IP infrastructure to support unified communication. The adoption of an effective communication system in the government sector aids in operational continuity, emergency response as well as situational awareness.
See More Reports of This Category by Radiant Insights: http://www.radiantinsights.com/catalog/technology
North America accounted for over 35% of the market in 2013; the regional market is characterized by the presence of several key players as well as high popularity of BYOD solutions. Europe and Asia Pacific are expected to be fast growing markets, which can be attributed to need for effective communication and collaboration, along with cost savings.
Key industry participants include Cisco Systems, Avaya, Inc., NEC Corporation, IBM Corporation, Alcatel-Lucent, Microsoft Corporation, Verizon Communications, etc. Major growth strategies employed by these companies include agreements, partnerships and acquisitions in order to consolidate market share.
For the purpose of this study, Grand View Research has segmented the global unified communication market on the basis of product, application and region:
Ø Unified Communication Product Outlook (Revenue, USD Billion, 2012 - 2020)
o On premise
o Cloud-based/hosted
Ø Unified Communication Application Outlook (Revenue, USD Billion, 2012 - 2020)
o Enterprise
o Education
o Government
o Healthcare
o Others
Ø Unified Communication Regional Outlook (Revenue, USD Billion, 2012 - 2020)
o North America
o Europeo Asia Pacific
o RoW
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For more information, Visit: http://www.radiantinsights.com/
Source URL: http://www.grandviewresearch.com/
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Blog: http://www.radiantinsightsinc.blogspot.com/