Press Release
Press Release
The rising demand for unified communications in large, medium, and small enterprises for effective communication, better collaboration, and enhanced teamwork are likely to propel market growth in the forecast period. The growing demand for audio and video conferencing in various sectors, including education, government, healthcare, among others, will bolster the market growth.
The adoption of video and audio conferencing, during the COVID-19 pandemic, in enterprises, schools, colleges, and other sectors have significantly propelled the demand for unified communication systems. Video conferencing services offered by Microsoft Corporation, Cisco Systems, and Zoom Video Conferencing have enabled users to foster healthy interpersonal relationships and have bolstered decision-making during meetings and conferences. The rollout of 5G data services will further provide lucrative opportunities for the growth of the unified communications industry, owing to the rising demand for high speed to strengthen collaboration and meet the digitalisation goals in developing economies of the world.
North America accounts for a significant share in the industry. It can be attributed to the ability of unified communication systems to fulfill the need for better collaboration, visual communication experience, enhanced coordination, and perform better on the professional front. The Asia Pacific, on the other hand, accounts for a significant share in the market owing to the technological advancements, which encourage enterprises to adopt unified communication systems.
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The major players in the global unified communications market are Avaya, Inc., Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, RingCentral, Inc, and 8x8, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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