Security News > 2022 > January > Unified communications market size to reach $344.84 billion by 2028

The global unified communications market size is expected to reach $344.84 billion by 2028 and is expected to expand at a CAGR of 20.5% from 2021 to 2028, according to ResearchAndMarkets.

The use of cloud-based solutions for fast and seamless communication across enterprises is expected to positively impact market growth.

Solution providers such as Cisco Systems, Inc.; Avaya, Inc.; and IBM Corporation are offering a mix of UC and team collaboration solutions as part of their efforts to strengthen their market position.

As a result, the market is expected to witness a convergence of voice communication, video communication, synchronous communication, and other communication tools.

Unified communications market report highlights The hosted UC solutions segment is expected to register a significant CAGR over the forecast period owing to the increasing implementation of UCaaS solutions in enterprises.

Key players in the unified communications market include Avaya, Inc.; IBM Corporation; Cisco Systems, Inc.; and NEC Corporation.

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