$ 169.82 Billion growth expected in Unified Communication and Collaboration Market | 46.81% YOY growth in 2021 amid COVID-19 Spread | North America to Notice Maximum Growth | Technavio
NEW YORK, May 14, 2021 /PRNewswire/ -- The global unified communication and collaboration market by end-user (enterprise and government), application (enterprise collaboration, enterprise telephony, and contact center), and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global unified communication and collaboration market is expected to grow by USD 169.82 billion. However, the market growth momentum is expected to decelerate at a CAGR of over 35% during 2021-2025.
Unified communication and collaboration (UCC) solutions were widely adopted by large enterprises. Recently, the market has been witnessing a steady rise in the adoption of UCC solutions by many medium-sized enterprises and small-sized enterprises to make the workflow smoother and easier. The growing demand for UCC solutions is compelling market vendors to adopt various strategies to remain competitive in the market. Many such factors will have a positive impact on the market during the forecast period.
The market is expected to be driven by factors such as the growing demand for video and voice conferencing, increasing internet penetration, and growing demand for WebRTC-enabled devices.
The report also offers information on the upcoming trends and challenges that will influence market growth.
Unified Communication and Collaboration Market: Opportunities
Unified Communication and Collaboration Market: Segmentation by End-user
Unified Communication and Collaboration Market: Segmentation by Geography
One of the fortune 500 companies had used the detailed research report on the unified communication and collaboration market and had decided to increase their market share in the North American region which offers the highest market opportunities during the forecast period.
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Unified Communication and Collaboration Market: Major Vendors
Avaya Holdings Corp.
Huawei Investment & Holding Co. Ltd.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the unified communication and collaboration market report:
Market Player Information
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Five Forces Analysis
Market Segmentation by Application
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