Grand View Research Releases New Report on Unified communication Market Trends
Many companies have realized the salient benefits of Unified communication. It is adapted by organizations to enhance business processes, save time and enhance productivity of the employees using a convenient mode of communication. This concept is currently used in various sectors such as retail, transportation, banks financial services and insurance (BFSI) and other business enterprises.
According to a recent study conducted by Grand View Research, Inc., the global Unified Communication market is projected to reach new height of USD 75.81 billion by 2020.
The unified communication market is backed by increased demand due to increasing mobile workforce and enterprise mobility. Concepts such as bring your own device (BYOD) support the growth of unified communications market.
The research report titled "Unified Communication Market Analysis By Product (On Premise, Cloud-Bases/Hosted), By Application (Education, Enterprises, Government, Healthcare) And Segment Forecasts To 2020,” provides in-depth analysis of the global market based on unified communication types, end-use segments and major geographies for the period from 2012 to 2020.
The report offers complete understanding of factors driving market growth, potential growth opportunities, and prevailing trends behind the popularity of unified communications.
The report discussed the different end-user applications areas of unified communications including government, healthcare, enterprises, education and other sectors. The study also found that many small, medium and large enterprises have installed IP infrastructure to further deploy unified communication. The government sector has found Unified Communication useful and is using it for operational continuity, emergency response as well as situational awareness.
Apart from the above cross sectional analysis of the global unified communications market, the report also provides competitive profiling of major players engaged in providing unified communications service. Various companies involved in this study are Cisco Systems, Avaya, Inc., NEC Corporation, IBM Corporation, Alcatel-Lucent, Microsoft Corporation, Verizon (News - Alert) Communications, etc. Majority of these companies have gained key market share by agreements, partnerships and acquisitions.
Edited by Maurice Nagle