360iResearch: Need for Remote Work, Collaboration Tools to Propel UC Market to $386B

360iResearch.com published the results of its new Unified Communications Market by Component, Solution, Deployment Mode, Organization Size, Application, End-user – Global Forecast 2024-2030. In particular, the market is projected to grow from nearly $132 billion (2023) to $386 billion (2030). This reflects a compound annual growth rate of 16.55 percent over the period.

Noting transformative growth due to increasing adoption of remote working practices and the critical need for advanced collaboration tools, 360iResearch sees organizations worldwide turning to UC solutions to boost productivity, streamline operations and cut cost, with a significant push toward mobile integration and real-time communication capabilities.

Challenges include interoperability issues and data security concerns, whereas opportunities include the rise of cloud-based platforms that offer scalability and adaptability. Additionally, incorporating AI and ML technology is further enhancing the efficiency of UC systems, paving the way for innovative user experiences and heightened automation.

In the Americas, in particular, robust growth in the UC market is propelled by a strong focus on technological innovation and the digitalization of communication tools.

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