Unified Communication and Collaboration Market

Google and Zoom are leading players in Unified Communication and Collaboration Market Market

The Unified Communication and Collaboration Market (UCC) Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.6 % during the forecast period, to reach USD 127.5 billion by 2026 from USD 67.4 billion in 2021. Increased digitalization during COVID 19, increased demand of UCaaS from both large enterprises and SMEs and growing trends of mobility and BYOD are expected to spur the demand for UCC offerings across the globe.

The major players have implemented various growth strategies to expand their global presence and increase their market shares. Key players such as Google, Zoom, Cisco, Microsoft, Avaya, Fuze and LogMeIn have majorly adopted many growth strategies, such as new product launches, acquisitions, and partnerships, to expand their product portfolios and grow further in the UCC Market.

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Google is consistently focusing on catering to its customers with highly competent technology-enabled and tailored solutions in the UCC market to hold one of the leading positions. The company is equally focused on organic and inorganic business growth strategies to strengthen its footprint in the UCC market. In terms of organic growth strategies, the company introduced many UCC solution which has strengthened its market. For instance, in January 2020, Google has launched a new mobile application, which offers functions of several standalone apps, including Gmail and Drive. It will also include Hangouts Meet, Google’s video conferencing app, and Hangouts Chat.

Zoom is consistently focusing on catering to its customers with highly competent technology-enabled and tailored solutions in the UCC market to hold one of the leading positions. The company is equally focused on organic and inorganic business growth strategies to strengthen its footprint in the UCC market. The company has primarily built its suite organically and inorganically. Zoom has many education, healthcare, finance and government customers and it enables them to deliver high-quality, on-demand services at a rapid pace to their customers. Zoom has invested heavily in building out its global presence and network, which has made it one of the biggest UCaaS providers in terms of coverage. Zoom Phone Cloud services is spread in more than 40 countries and territories, ensuring fast and reliable access.

Related Reports:

Unified Communication and Collaboration Market with COVID-19 Impact Analysis, by Component (Types (UCaaS, IP Telephony, and Video Conferencing Systems) and Services), Vertical, Organization Size, Deployment Mode, and Region - Global Forecast to 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Unified Communication and Collaboration Market Size,  Share & Growth Report
Report Code
TC 7967
RI Published ON
8/23/2021
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