Unified Communication Market 2019-2027
The global unified communication market is projected to grow at a CAGR of 10.90% during the forecast period. The increase in the usage of smartphones, rising demand for Bring Your Own Device (BYOD), increasing adoption of Internet of Things (IoT), etc. are the factors propelling the growth of the market.
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The mobility segment is expected to record the highest growth during the forecast period.
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The service providers of unified communication have established innovative solutions and products in order to enable easy access to informed decision making.
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The expenses in the deployment and installation of unified solutions result in implement issues, which hampers the growth of the market.
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However, factors such as technological advancements and funding are propelling the growth of small and medium-scale businesses.
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Their dependence on cloud is on a rapid increase and is estimated to increase further, which would result in ample opportunities for unified communications market growth.
“The global unified communication market is projected to grow at a CAGR of 10.90% during the forecast period.�
https://www.inkwoodresearch.com/reports/global-unified-communication-market-forecast-2019-2027/
The North America unified membrane market is estimated to grow at a CAGR of 10.04% during the forecast period.
Europe unified communication is expected to grow at a CAGR of 9.36% during the forecasted period.
The Asia Pacific unified communication is estimated to project a CAGR of 14.10% during the forecasted period.
The lucrative opportunities and the growth across the region are set to favor the existing and emerging companies. Some of the major companies are IBM Corporation, Avaya Inc., Siemens Enterprise Communications (Unify Inc.), Verizon Communication, Cisco Systems Inc., Hewlett Packard Enterprise, Microsoft Corporation, etc.