Unified Communications and Collaboration

Unified Communications and Collaboration

Global Unified Communications and Collaboration Market to Reach $168.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Unified Communications and Collaboration estimated at US$74.5 Billion in the year 2020, is projected to reach a revised size of US$168.3 Billion by 2027, growing at a CAGR of 12.3% over the analysis period 2020-2027. IP Telephony, one of the segments analyzed in the report, is projected to record a 13.8% CAGR and reach US$86.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the UCaaS segment is readjusted to a revised 11.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $20.1 Billion, While China is Forecast to Grow at 16.3% CAGR

The Unified Communications and Collaboration market in the U.S. is estimated at US$20.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$37.6 Billion by the year 2027 trailing a CAGR of 16.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 10.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.

Video Conferencing Systems Segment to Record 10.3% CAGR

In the global Video Conferencing Systems segment, USA, Canada, Japan, China and Europe will drive the 9.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$12.1 Billion in the year 2020 will reach a projected size of US$23 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$24.8 Billion by the year 2027, while Latin America will expand at a 11.7% CAGR through the analysis period.

Select Competitors (Total 129 Featured) -

• 8x8 Inc.
• Alcatel-Lucent Enterprise
• Avaya Inc.
• Broadsoft, Inc.
• Cisco Systems Inc.
• FuzeBox Inc.
• IBM Corp.
• Microsoft Corp.
• Mitel Networks Corporation
• NEC Corporation of America
• PanTerra Networks Inc.
• Polycom
• Premiere Global Services Inc.
• RingCentral Inc.
• Unify Inc.
• West Corporation

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