The global mobile unified communication and collaboration market is being observant and thus expected to gain a robust growth at a CAGR of 11.3% during the forecast period (2018–2023) and to achieve revenue worth USD 47 billion from USD 25.42 billion in 2017, asserts Market Research Future.
The combination of communication and work collaboration is receiving significant traction due to its high-end technology, which is helpful in the present time for a high number of businesses to grow as well as established ones. Industry verticals are now opting more for this technology in a bid to reduce business works and making it efficient. The combination of communication and work collaboration technology in businesses are used as a single communication interface that tends to collaborate major IT service vendors by providing their voice and communication services, across the globe. Such technologies have improved individual voice and telephony solutions to collaborated video and audio solutions. The market is going through a high-end transformation, which is impacting it positive and might take the market to reach its optimum growth level. The functional factors are implementing the market to grow remarkably over the years that are presented in this study.
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The prominent players in the mobile unified communication and collaboration market are listed from across all the significant regions are—Microsoft Corporation (US), Cisco Systems Inc (US), IBM Corporation (US), Alcatel-Lucent (France), Avaya Inc (US), Siemens AG (Germany), NEC Corporation (Japan), Genband LLC (US), Telefonaktiebolaget LM Ericsson Class B (Sweden), Mitel Networks Corporation (Canada).
The Mobile Unified Communication and Collaboration Market globally, according to the study, has been segmented into solution, service, organization size, and vertical.
In terms of solution, the market consists of conferencing, unified messaging, voice solution, content, and collaboration.
In terms of service, the market is segmented into numerous parts such as professional service and managed service. Professional service is now segmented into integration and deployment service, consulting service, and maintenance & support services
In terms of organization size, the market has been segmented among small and medium-sized enterprises (SMEs), and large enterprises.
In the last, in terms of vertical, the global mobile unified communication and collaboration market has included BFSI, IT & telecommunication, healthcare, retail, media and entertainment, and many more.
Market Drivers & Trends
The semiconductor industry has the potential to accentuate the growth of mobile unified communication and collaboration market. Especially when the businesses, across the world, is particularly witnessing a paradigmatic shift due to spurring technology in the field of communication, urbanization, and booming industries. The services include in the mobile unified communication and collaboration include e-mail, instant messaging, videoconferencing, and many more that are influencing the market to inflate at a rapid pace since past years.
Mobile unified communication and collaboration ability to offer higher flexibility, and business agility to improve the communication system can be considered as a boon for mobile unified communication and collaboration market. Besides, the spreading trend of ‘Bring Your Own Device’ (BYOG) has eventually helped the market to grow in the present years at a remarkable pace. On the other hand, the unified collaboration also tends to allow businesses to make faster decisions and make significant savings from expenditure are the factors propelling the market to spur considerably.
Furthermore, the improved work productivity, enhanced work flexibility, and increased collaboration among different departments are creating the demand for mobile unified communication and collaboration for other businesses to cater the best productivity as asserted. These factors are proving right ways for the burgeoning semiconductor sector. Hence, a massive pull for the mobile unified communication and collaboration market can be expected during the forecast period.
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Detailed Regional Outlook
The study of global mobile unified communication and collaboration market has been studied under the regions of North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
Among these, North America assumes to lead the market during the forecast period in support of various opportunities that are coming for rising connections of mobile operators. Increasing cloud-based services and high demand for high-speed networks in enterprises in the US especially are driving the market ahead.
The market in the APAC region is also growing with great gusto and is currently leading as well on some parameters. The region is receiving benefits from booming businesses mainly in developed countries such as India, China, Japan and many more. They are investing hard to make their business as well as country flourish, which is why the APAC region is gaining a considerable amount of attraction for the mobile unified communication and collaboration market.
LIST OF TABLES
Table 1 Global Mobile Unified Communication And Collaboration Market, By Solution, 2019–2023 (USD Million)
Table 2 Global Mobile Unified Communication And Collaboration Market, By Organization Size, 2019–2023 (USD Million)
Table 3 Global Mobile Unified Communication And Collaboration Market, By Service, 2019–2023 (USD Million)
Table 4 Global Mobile Unified Communication And Collaboration Market, By Vertical, 2019–2023 (USD Million)
Table 5 Global Mobile Unified Communication And Collaboration Market, By Region, 2019–2023 (USD Million)
LIST OF FIGURES
FIGURE 1 Global Mobile Unified Communication And Collaboration Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Mobile Unified Communication And Collaboration Market
FIGURE 4 Value Chain Of Global Mobile Unified Communication And Collaboration Market
FIGURE 5 Share Of Global Mobile Unified Communication And Collaboration Market In 2019, By Country (In %)
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