The Latin America, Middle East and Africa Enterprise Voice Communication Equipment Market would witness market growth of 10.1% CAGR during the forecast period (2023-2030).
A growing need for workplace voice communication technology that supports mobility and remote connectivity is also being driven by the growth of remote work and the mobile workforce. The requirements of distributed teams & remote workers can be met by devices that provide seamless communication across many locations, integrate with mobile devices, or provide softphone apps. To meet their changing needs, businesses frequently need scalable and adaptable communication solutions. These important elements are anticipated to provide market participants with growth prospects during the anticipated period.
During the projected period, it is anticipated that rapid technological advancement and strict government rules and regulations will propel the expansion of the market. Equipment for enterprise voice communications is dependable, economical, and adaptable. The market is expected to increase due to the capabilities of enterprise voice communication equipment in terms of role management. Additionally, these equipment have a high degree of accuracy, is simple to use, and has higher speech quality, all of which are anticipated to fuel the market's expansion during the projection period.
Based on the Federal Competitiveness & Statistics Authority's data, the total number of workforces in the UAE increased from 7.4 million in 2018 to 7.6 million in 2019, a growth rate of 2.7%, as stated in the government of the UAE's The Annual Economic Report 2020. The number of employees also increased, rising 2.8% from 7.2 million in 2018 to 7.4 million in 2019. The requirement for voice communication equipment in regional enterprises would increase due to the expanding working population. The market's growth is expected to be supported by the growing popularity of remote working.
The Brazil market dominated the LAMEA Enterprise Voice Communication Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $253.6 million by 2030. The Argentina market is showcasing a CAGR of 10.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.8% during (2023 - 2030).
Based on Component, the market is segmented into Solution and Services. Based on Type, the market is segmented into IP Phones, Soft Phones, Smartphones, Tablets, and Others. Based on Network Equipment, the market is segmented into Private Branch Exchange, Router, Switches and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Industry, the market is segmented into IT & Telecom, BFSI, Retail, Hospitality, Healthcare, Transportation & Logistics and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Enterprise Voice Communication Equipment Market is Projected to reach USD 11.4 Billion by 2030, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), 8x8, Inc., ADTRAN, Inc., Speedflow Communications Ltd., MDS Gateways, PanTerra Networks, Siemens AG.
By Component
By Type
By Network Equipment
By Enterprise Size
By Industry
By Country
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