How can Unified Communications be a Better Solution for Businesses?

Global Unified Communications Market Research Report: By Product Type (On-Premise, Cloud-based), By Application (Unified Messaging, Conferencing, Video, Contact Center, Others) and By End-User (Healthcare, Education, Government, BFSI, Enterprises, others) – Forecast to 2023Industry InsightThe fast-emerging global unified communications market 2020 is noticing escalated growth, which has been recorded at a substantial CAGR by Market Research Future after an exclusive study.

It has also noted down that the market has huge chances to reach a high valuation by the year 2023, which is being instigated by various factors counting at the world level.

Such a growth scene will take place during the years 2018 to 2023, which is stated to be the market’s forecast period.

The market will gain maximum prominence during these years.Top Influencing FactorsThe technological advancements and innovations in unified communications are likely to fuel demand for unified communications over the next couple of years, which has created mush possibilities for the market in recent years.

The governments are attempting to promote the adoption of the communication system in various developed economies around the world.

This, in turn, has poised the augmentation of the global market in the forthcoming years.The use of cloud-based solutions for fast and seamless communication across businesses is expected to impact market growth in the forecast period positively.

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, according to a new report by Radiant Insights, Inc. 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.

Download Free Sample Report @ https://www.radiantinsights.com/research/unified-communications-market/request-sample 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.

Increasing demand for UC solutions is opening up opportunities for solution providers to launch advanced versions of team collaboration software for enterprises.

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.

While most businesses have different equipment for telephony and Unified Communications (TC), it is important to know which one is more suitable for a particular business.

Before deciding, it is important to find out the parameters that will influence your decision.

Here are some of the main points:* To what extent do you want to upgrade your phone system?

This will be another factor to consider while making a decision.

Furthermore, it is important to decide on the level of coverage of your existing system.

Since the information technology industry is growing rapidly, more companies are introducing Unified Communications as an alternative to telephone services.This can either be made for free or for a fee.

 Global Unified Communication Market to reach USD 173.30 billion by 2025.Global Unified Communication Market valued approximately USD 42.51 billion in 2016 is anticipated to grow with a healthy growth rate of more than 16.9.

Growing trends towards mobility and Bring Your Own Device (BYOD) are some of the key factors driving the UCaaS market.

need to consolidate all business communication modes such as messaging, email, and telephone into a single cohesive system is providing an impetus to industry growth.

Other factors significantly contributing to market growth include availability of low-cost handsets, decreased voice calling rates, and emergence of new messaging apps.

Moreover, emergence of 5G technology is expected to provide opportunities to enterprises for integrating Voice over Internet Protocol (VoIP) in their businesses Organizations are rapidly deploying unified communication solutions to get a world-class infrastructure of communication.The demand for unified communication solutions is increasing due to the cost-effective and time-efficient features of cloud; the demand by businesses segment is expected to grow at the highest CAGR during the forecast period, due to their requirement for cost-effective solutions.The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.The detailed segments and sub-segment of the market are explained below: By Component:TelephonyUnified MessagingConferencingCollaboration Platforms and ApplicationBy Organization Size:SmallMediumLargeBy Industry:Banking, Financial Service and InsuranceTelecom & ITConsumer Goods and RetailHealthcarePublic Sector and UtilitiesLogistics and TransportationTravel and HospitalityBy Regions:North AmericaU.S.CanadaEuropeUKGermanyAsia PacificChinaIndiaJapanLatin AmericaBrazilMexicoRest of the World Furthermore, years considered for the study are as follows:Historical year – 2015Base year – 2016Forecast period – 2017 to 2025Some of the key manufacturers involved in the market are Computer Sciences Corporation, BT Group, 8x8, Inc., West Corporation, Microsoft, Corporation, Voss Solutions, Verizon Communications, Inc.  Star2star Communications, Polycom, Inc.. & Cisco Systems Inc. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers.

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It was noticed in 2019 in India that UCaaS services have the potential to transform the business communications system and many marketing analysts observed that Unified Communications (UC) model’s collaboration capability tremendously enhances the SME’s and Startup productivity.

Now it’s a time to look into the year 2020 to see the trends in the market and know the reason why businesses are adopting it:Team Collaboration: Unified communications have digital abilities that allow companies to deliver the best services externally and internally.

It’s team collaboration features enhance the performance of the employee and management.

It helps users to coordinate with the teammates and clients to resolve the business challenges create individual work space then have workflows and data added to it.

Collaboration also helps to maintain and manage the workflow through open communication and coordination among concerned individuals and teams.Video or Audio for more than just conferencing: Another feature called video conferencing has increased collaboration up to 25% while Audio conferencing has increased up to 37% at the beginning of 2019.

It is very useful for both domestic and international clients that show your professionalism and increase business productivity.Application and workflow integration: UCaaS solutions have enhanced the option for business process integration that has improved customer services and streamlined the organisation's workflow.