The unified communication and collaboration market share is expected to grow at a CAGR of 16.37% between 2022 and 2027. The growing demand for video and voice conferencing and the increasing adoption of the BYOD concept provide a promising ground for the unified communication and collaboration market.
Technavio’s analysis of the Unified Communication and Collaboration Market projects that the market share is expected to increase by USD 71.06 million at an accelerating CAGR during 2023-2027.
Browse Technavio's 165-page report and in-depth TOC on "Unified Communication and Collaboration Market by application (enterprise collaboration, enterprise telephony, and contact center), end-user (enterprise and government), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
View detailed Table of Contents Here: https://www.technavio.com/report/unified-communication-and-collaboration-market-industry-analysis?v1
The unified communication and collaboration market is segmented by application (enterprise collaboration, enterprise telephony, and contact center), end-user (enterprise and government), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The need for mobility and access to e-mails has increased the demand for wireless e-mail server infrastructure. Such factors are expected to drive the growth of the segment in focus which is expected to propel the market growth during the forecast period.
High implementation costs have become a major challenge to the adoption of unified communication and collaboration. In times of crises such as recession, companies focus on their core competencies to maximize their revenues. Many organizations have a limited budget for IT infrastructure, and the high cost of UC 2.0 components could necessitate an increase in the allocated budgets. This may result in unpredictable ROI or breakeven point, which is a challenge for the adoption of UCC services.
The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.
Some of the major unified communication and collaboration market vendors are 8x8 Inc., AT & T Inc., Atos SE, Avaya Inc., BT Group Plc, Cisco Systems Inc., GoTo, Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intrado Corp., Microsoft Corp., Mitel Networks Corp., NEC Corp., Nippon Telegraph and Telephone Corp., RingCentral Inc., Sangoma Technologies Corp., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Vonage Holdings Corp., Zoho Corp. Pvt. Ltd., and Zoom Video Communications Inc.
8x8.com - The company offers unified communication and collaboration such as 8x8 Connect.
att.com- The company offers unified communication and collaboration such as AT&T Office@Hand.
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Precise market size estimation during the forecast period 2023-2027.
CAGR of the unified communication and collaboration market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the unified communication and collaboration market share.
Prediction of the upcoming trends, drivers, and factors that challenge the unified communication and collaboration market.
Unified communication and collaboration market growth across North America, Europe, APAC, South America, and the Middle East, and Africa.
