Unified Communication-as-a-service in the Manufacturing Market 2019-2024: Increasing Government Initiative to Influence the Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 14, 2019--
The “Unified Communication-as-a-service in the Manufacturing Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The unified communications-as-a-service in the manufacturing market is expected to register a CAGR of 14.74% over the forecast period of 2019-2024.
With the increasing adoption of Industry 4.0 initiatives by the manufacturing firms, are set to revamp the manufacturing industry which is also expected to influence the UCaaS market in a positive way.
Modernizing outdated business phone and call center systems to boost productivity and reduce costs according to industry estimations by 30%. Further, in the manufacturing industry, workers interact with different regional offices or headquarters to ensure smooth workflow. Thus, it will lead to the adoption of UCaaS in manufacturing.
Moreover, as manufacturers are shifting to the cloud because of the features such as increased automation and agility, delivering enhanced customer experience, and increased cost savings and return on investment. Thus, owing to the benefits such as better communication, increased decision-making ability by the UCaaS solution will drive the market.
in September 2019, Digerati Technologies, Inc. acquired Nexogy, Inc. a provider of cloud communication and broadband solutions tailored for businesses. The acquisition was a strategic move towards a continued focus on the US market of SMBs, of which approximately 75% or 21 million have not migrated to a UCaaS or cloud communications solution. Owing to such opportunities in the SMBs segment, it is expected to be the targeted market segment by vendors over the forecast period.
However, the less awareness about UCaaS and their advantages are few restraints which are hampering the adoption rate of UCaaS.
Scope of the Report
Implementation of UCaaS in the manufacturing industry brings various advantages, such as improved scalability, reliability, and collaboration among disparate workgroups. Manufacturing units typically consist of various diverse business units, which must be in collaboration with one another, further necessitating the use of UCaaS systems. Types of unified communications as a service package include messaging tools, videoconferencing tools, and resources for facilitating different kinds of text and voice communications.
Key Market Trends
Increasing Government Initiative to Influence the Market
Asia- Pacific to Witness the Fastest Growth
The unified communications-as-a-service in the manufacturing market is highly competitive in nature because of the presence of global players. Some of the vendors are Cisco Systems, Inc, 8x8, Inc, Avaya Inc., and Tata Communications.
Product launches, high expense on research and development, partnerships and acquisitions, etc. are the prime growth strategies adopted by these companies to sustain the intense competition.
Key Topics Covered:
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Trends Towards Mobility and BYOD
4.2.2 Integrated Supply Chain Management
4.3 Market Restraints
4.3.1 Lack of Awareness About the Unified Communication-as-a-service
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Business Size
5.1.1 Small and Midsize Business
5.2 By Deployment Model
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 88, Inc.
6.1.2 Avaya Inc.
6.1.3 Tata Communications
6.1.4 Cisco Systems, Inc.
6.1.5 Microsoft Corporation
6.1.6 Dimension Data
6.1.7 DXC Technology Company
6.1.9 IBM Corporation
6.1.10 Mitel Networks Corporation
6.1.11 RingCentral, Inc
6.1.12 Verizon Wireless (Verizon Communications)
7 INVESTMENT ANANLYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/cp099j
View source version on businesswire.com:https://www.businesswire.com/news/home/20191114005367/en/
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INDUSTRY KEYWORD: TECHNOLOGY NETWORKS TELECOMMUNICATIONS
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/14/2019 07:09 AM/DISC: 11/14/2019 07:09 AM