North America to lead UCC market over 2019-2025, IT & Telecom to drive the application landscape
Publisher : Fractovia | Latest Update: 2019-03-06 | Published Date : 2016-09-14Request Sample
Jenne Inc., one of the leading value-added distributor of technology products and hi-tech solutions in unified communications and collaboration market, reached a distribution agreement with the Zenitel Group, a leader in intelligence communication solutions a couple of years ago. Reportedly, Zenitel has appointed Jenne, as its new distribution partner, to further strengthen its position in the U.S. unified communications & collaboration (UCC) market.
UCC Market Revenue, By Application, 2018 & 2025 (USD Billion)
Experts predict this move of Zenitel of partnering with prominent distributors to not only expand its business in diverse regional UCC markets but also to fortify its product pipeline of communication solutions. Analyzing such growth strategies of emerging companies, it would be rather apt to quote that the unified communications and collaboration market would certainly march on the path of consolidation in the coming years. Backing up their positions with such tried-and-tested growth strategies, several other companies operating in UCC industry are further strengthening their business share by providing unified services to enterprises jumping on the BYOD bandwagon.
The robust evolution and subsequent progression of Bring Your Own Devices (BYOD) has been identified as the most favorable trend supporting the growth of unified communications and collaboration market. The fact that BYOD aids in minimizing the overall operating & capital expenditure of a company by considerably reducing the cost incurred in purchasing systems, has triggered several organizations to implement BYOD models for their enterprise. Besides cost optimization, BYOD has also documented promising outcomes with regards to value enhancement, increased employee productivity, streamlining of programs, and seamless connectivity. In fact, industry projections claim that 50% of companies had required employees to bring their own devices for work by 2017. Needless to say, this trend will enable several enterprises to adopt UCC solutions to streamline the communication infrastructure under a unified network, in turn providing a major boost to UCC industry share.
The positive outcome of emerging trends such as BYOD have indeed empowered the IT & telecom industry to leverage on unified framework technology and save costs on maintenance and IT infrastructure. Furthermore, the growing popularity of cloud computing and big data analytics in the IT industry have significantly propelled the adoption of unified communications & collaboration frameworks to facilitate real-time, synchronous, and asynchronous communication functions
Given the rapid adoption of this advanced technology, reliable reports anticipate the IT & telecom sector to account for a considerably high proportion of the overall UCC industry share by 2025. Fueled by the robust adoption of telephony, conferencing, collaborations, and unified messaging platforms, the IT & telecom sector has been forecast to emerge as one of the most profitable growth grounds for UCC market over 2019-2025. In this regard, it is also imperative to mention that telephony, the UCC technology platform associated with the transmission of voice, fax, video, and other information, is anticipated to hold a major chunk of UCC market share, on account of its ability to provide seamless & real-time business communication.
A significant instance highlighting the growing influence of the telephony platforms is that of MegaPath, a global leader in UCC industry, being honored with the 2017 Internet Telephony Excellence Award for its Unified Communications solution - MegaPath One™, which has been designed to provide several medium & large-scale enterprises with excellent IP communication solutions.
North America has been projected to be a pivotal source of a major percentage of the global IT industry revenue, which is well over USD 3.5 trillion worldwide. Undeniably, the region would be the most potential growth avenue for the expansion of UCC market, given the escalating adoption of mobile devices & BYOD models in the regional corporate sector. In addition, the fact that the U.S. is currently the leader in cloud computing market and hosts some of the largest companies in the sector, further provides testimony to the robust demand for UCC technology in the region.
Estimates claim that U.S. alone was a pivotal importer of computing services in 2015, registering a plausible double-digit growth rate increase in import data from 2010. Analyzing these trends, it is rather overt to state that North America will dominate the regional landscape of unified communications & collaboration market in terms of revenue by the end of 2025.
Delving deeper into the current state-of-affairs of unified communications and collaboration market, analysts anticipate the digital revolution, wireless technologies, and device evolution to be the defining forces characterizing UCC market landscape in future. With massive technology advancements looming in this business sphere, analysts deem the worldwide UCC industry to remain a profitable investment avenue for prominent companies. A report compiled by Global Market Insights, Inc., reveals that unified communications and collaboration market size, is estimated to surpass a mammoth USD 60 billion by 2025.
