Global UCaaS- Unified Communication as a Service in Manufacturing Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Unified Communication is a model of delivery service like instant messaging or chat, video conferencing, sharing of data, speech recognition, and real-time communication services such as fax, SMS, and so on. UCaaS is a cloud delivery for enterprise communications which has a variety of communication and services. UCaaS is delivered over IP-network as a third party service provider.
Global UCaaS- Unified Communication as a Service in Manufacturing Market Segments Size & Growth:
Global UCaaS- Unified Communication as a Service in manufacturing market is accounted for $XX billion in 2017 and expected to grow at a CAGR of 17.43% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth are by increased adoption of small and medium scale enterprise, flexibility, low cost, growing trends in Mobility and BYOD and adoption of cloud-based delivery. However, lack of awareness and security issues hinder the growth of the global UCaaS- Unified Communication as a Service in manufacturing market. Replacing old communication techniques is the major challenge in the UCaaS-unified communication as-a-service market
Global UCaaS- Unified Communication as a Service in Manufacturing Market Segments Share:
Global UCaaS- Unified Communication as a Service in manufacturing market is categorised into by component which consists of Internet telephony, unified communications, conferencing, VOIP and applications. Internet telephony is a traditional telephonic service where calls and data are sent through the internet than over landlines. Internet
Global UCaaS- Unified Communication as a Service in Manufacturing Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
telephony has the most significant share due to its automated transmission of voice, video, fax and so on. Rising demand for VoIP and IP phone in manufacturing industries acts as one of the major driving factors for the growth of UCaaS market. By size, it is classified by small, medium, enterprise, and large. Small and medium enterprises are expected to have the most significant share in the market due to the rapid adoption of unified communication networks to improve their business as well as to digitalise it with a better interface.
From Geography, North America is dominating the growth of the global UCaaS- Unified Communication as a Service in manufacturing market and the increase in North America is mainly attributed because of the technology advancements and demands for unified communication infrastructure. Furthermore, Asia-Pacific is witnessing the fastest growth during the forecast period, because of technological adoption and investments in telecom services as well as in mobility and BYOD.
Global UCaaS- Unified Communication as a Service in Manufacturing Market Segments Trends:
- In March 2018, 8×8 Inc. has introduced a new platform X series to change the enterprise communication platform for the easy access to critical data.
- In February 2017, Amazon as developed Chime a new cloud-based app to deliver high-quality audio and video experience.
- In March 2017, Alcatel Lucent introduced a hybrid communication design to adopt UCaaS.
- In October 2017, Cisco has
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Global UCaaS- Unified Communication as a Service in Manufacturing Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
acquired BroadSoft to expand cloud-based calling and contact centre.
In 2018, Google has finally entered into the Unified Communication as a Service in Manufacturing to increase strategy in the UCaaS market.
Global UCaaS- Unified Communication as a Service in Manufacturing Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The Major Key Players are:
- Cisco Systems, Inc.
- Microsoft Corporation
- Symantec Corporation
- Blackberry Ltd.
- IBM Corporation
- Alcatel-Lucent S.A.
- VMware Inc.
- Citrix Systems, Inc.
Along with these companies, there were many other companies considered/cited in the report while analysing the UCaaS- unified communication as a service in manufacturing market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
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