Unified communications are a set of products that integrate real-time services with non real-time solutions. These collaborations of mobile communications play a vital role in enhancement of enterprise productivity. Growing competition across different industrial verticals and rising demand to gain competitive advantage are some of the vital driving factors for the mobile unified communications and collaboration market. The industry is also expected to witness crucial traction from the technological advancements in the years to come. Rapid rate of adoption from different industrial verticals are also expected to provide potential growth opportunities for this market, which is considered to be great news for the key players in the market.
Scope of Research – Segmentation in the UC&C Market
The global mobile unified communications and collaboration market is segmented on the basis of the types of solutions, services, users, deployment, and demand patterns across different industry verticals and geographic regions. The types of solutions in the market include voice solution, unified messaging, content and collaboration and conferencing. The types of services in the market include managed services, consulting, support and training, and integration and implementation. These services are available in both on-premise and cloud based deployment models. Small and medium businesses as well as large enterprises from different industrial verticals use these services.
Mobile UC&C Market Drivers and Restraints
According to the reports, the mobile unified communications and collaboration market is driven by four crucial drivers. These driving factors include rising demand for optimization of the growing workflow from different industrial verticals and organizations. Apart from that, lower total cost of ownership, rising trends of bring your own device (BYOD) and virtualization in the workplaces are also expected to create growth opportunities in the market. Rising trend of gaining competitive advantage amongst the businesses is also driving the market. Major restraints for the market include lack of interoperability among vendor products, growth in security concerns, and ambiguity in financial returns. However, increasing demand for social media and managed services are expected to drive the market.
Forecasting Reports – What to Expect?
As per the researchers, mobile unified communications and collaboration market is expected to grow at a projected CAGR of over 27% from 2014 to 2019. At the estimated growth rate, the market is poised to become worth $17.38 billion by the end of the year 2019. The market was estimated to be worth $5.15 billion in 2014. Growth in adoption of hosted services and demand from the emerging economies are expected to be crucial driving factors for the global market.
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