The Unified Communications Market driven by Growing Need for Business Collaboration
Unified communications is a product that enables interaction between different enterprise communication tools like emails, live chats, video conferencing and more in an integrated fashion. It provides a consistent and cohesive user experience across multiple communication channels. The unified communications software market is gaining prominence due to the rising need for employees to collaborate easily and efficiently from any location.
Global unification communications market is estimated to be valued at US$ 97.08 in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the unified communications market are Kansai Paint Co., Ltd., Axalta Coating Systems, Kyoei Vietnam Co., ltd, Nippon Paint Holdings Ltd., PPG Industries, Inc., B.L Downey, Dornauer-Grillitsch GmbH, KAPCO Manufacturing Inc., BASF Coatings Gmbh, and DuPont de Nemours, Inc.
The growing demand for improved business collaboration and employee engagement within organizations is a major factor driving the Unified Communications Market Demand The software enable employees to communicate and share files in real time from remote locations which improves productivity.
There is a rising trend of global expansion within the unified communications industry as key players are focusing on emerging markets through partnerships and acquisitions. This is expected to further fuel the revenues for providers in developing regions over the forecast period.
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