Mobile Unified Communications Market 2020 | Global Industry Analysis By Trends, Size, Share, Company Overview, Growth And Forecast By 2026|
Global Mobile Unified Communications Market is valued to reach USD 82.1 Billion by 2025, growing at CAGR of 26.4% from 2020-2026. Growing demand for optimized workflows, low operational costs, rising penetration of smartphones and trend of bringing your own device (BYOD) system, leading to increasing need for robust security software are key factors driving the market.
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Market Dynamics:
- Real-time conferencing, unified messaging, voice, and collaboration with the usage mobile unified communications are driving the market growth.
- Constant advancements in mobile unified communications such as integration of artificial intelligence (AI) and machine learning (ML) for improving machine to human interaction are boosting the demand for the market.
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Scope of the Report:
The report on the mobile unified communications market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Mobile Unified Communications Market Segment Insights:
The conferencing segment to expand at a high growth rate in the coming years
Based on the solutions segment, the market has been segregated into unified messaging, voice, conferencing, and collaboration. The conferencing segment is expected to a register CAGR during the forecast period. Enterprises are increasingly focusing on geographical expansion due to which, the conferencing solution of mobile unified communications is expected to create an immense opportunities during the forecast period. Real-time interaction with employees is increasing the demand for the product.
The cloud segment is projected to expand at a significant CAGR during the forecast period
Based on deployments, the market has been bifurcated into cloud and on-premise. The on-premise segment dominated the market in 2019. However, the segment is expected to grow at a sluggish pace in the coming years due to rising preference for cloud-based deployment. Advantages of using cloud-deployed mobile unified communications include centralized availability of databases improved security and efficient operation execution is driving the segment growth.
The hospital segment is projected continue to account for a dominant share of the market during the forecast period
On the basis of organization sizes, the market has been divided into small & medium enterprises and large enterprises. The small & medium enterprises segment is anticipated to expand at a significant CAGR in the upcoming years driven by increasing availability of affordable cloud-based mobile unified communications. This, in turn, is propelling the growth of the segment. Small & medium enterprises are providing flexible work environment by allowing remote location working to their employees using the mobile unified communications platform. This, in turn, is increasing the adoption of this platform is driving the growth of the segment.
North America to dominate the global market due to high adoption and increasing inclination toward flexible work environment in the region
In terms of regions, the global market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global market due to high adoption of mobile unified communication in the region. Organizations operating in the region are focused on providing employee-friendly work culture, which is fueling the adoption of this platform and fueling the market growth.
Competitive Landscape:
Key players operating in the mobile unified communications market include Cisco Systems, Inc., Avaya Inc., Alcatel-Lucent, Genband, Ericsson, Mitel, Microsoft Corporation, IBM Corporation, Unify GmbH & Co. KG, and NEC Corporation. Players are increasingly focusing on product innovation strategies to provide end users specific products. Players are focusing on strategies such as partnerships, acquisitions, and mergers to gain an edge over their competition.
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Segments Covered in the Report
The global mobile unified communications market has been segmented on the basis of solutions, deployments, organization sizes, and regions
By Solutions
- Conferencing
- Unified Messaging
- Voice
- Collaboration
By Deployment
- Cloud
- On-premise
By Organization Size
- Small & Medium Enterprises
- Large Enterprises
By Regions
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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