The Europe Unified Communications Market would witness market growth of 18.8% CAGR during the forecast period (2021-2027).
By providing real-time streamlined access to contact by converging several communication channels, unified communication provides a host of benefits for the organization working across different business verticals. Advanced products and technologies have been installed by unified communication service vendors to enable simple access and superior interoperability to realize enhanced productivity and informed decision-making using collaborative efforts.
With the help of cloud computing, companies become empowered to operate and function from any location at any time. Additionally, the deployment of the cloud allows companies to integrate supplementary infrastructure technologies like software-defined perimeters to develop reliable and extremely safe platforms. Moreover, the increasing requirement for enhanced communication solutions, a rise in the application areas, and the proliferation of smart devices and cloud solutions are expected to boost the demand for unified communications in the market.
The increased focus of UK carriers to halt the integrated services digital network services is boosting the customer and carrier shift to Internet protocol connectivity services. This transition is boosting the deployment of advanced business communication solutions, like hosted private branch exchange (PBX) and UC solutions.
The European Commission has started to take supportive initiatives towards safe, encrypted communications. Staff members of the EU commission require a safe messaging tool for unified communication to facilitate higher mobility with collaboration, centralize information, and propel overall productivity. As a result, the regional market is likely to witness bright growth prospects during the forecasting period. Moreover, the regional market is expected to be fueled by the introduction of the new product line. For example, Panasonic rolled out its first and completely integrated cloud communication platform known as UC-Line to provide businesses across Europe. Thus, these factors are set to create profitable growth opportunities for the players operating in the regional unified communications market during the forecasting period.
The Germany market dominated the Europe Unified Communications Audio & Video Conferencing Market by Country 2020, thereby, achieving a market value of $5,912.6 million by 2027. The UK market is showcasing a CAGR of 18.1% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 19.8% during (2021 - 2027).
Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Solution, the market is segmented into Instant & Unified Messaging, Audio & Video Conferencing, IP Telephony, and Others. Based on Product, the market is segmented into On-premise and Hosted. Based on End User, the market is segmented into Enterprises, Government, Healthcare, Education and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Unified Communications Market Size will Hit $293 billion by 2027, at a CAGR of 19.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Microsoft Corporation, NEC Corporation, Nokia Corporation, Hewlett Packard Enterprise Company, AT&T, Inc. (AT&T Intellectual Property), Verizon Communications, Inc., Avaya Holdings Corporation, and Plantronics, Inc. (Polycom, Inc.).
By Organization Size
By Solution
By Product
By End User
By Country
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