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Global Unified Communications Market to Grow 15.7% by 2018

By Team CounterPath
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The global Unified Communications market continues to gain steam, a trend that has been the norm over the past half a decade. Transparency Market Research has recently published a report suggesting that the global unified communications market will continue to grow at a compound annual growth rate of 15.7%.

 

Unified CommunicationsThe report, titled “Unified Communications Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2012 - 2018” projects that the overall Unified Communications market will reach a valuation of US$61.9 billion by 2018. This represents a growth of 171.49% when compared to 2011.


The report identifies the emergence of Unified Communications as a Service (UCaaS) as one of the main catalysts of the upward trend due to its flexibility to serve many different industries. The report also identifies the high cost of initial investment and lack of interoperability between UC platforms as the main barriers that may deter the continuous growth of UC.

According to their functionality, the global Unified Communications market is separated into two main branches: on-premise unified communications and cloud-based or hosted unified communications. The report projects that the demand for cloud-based unified communications will grow rapidly over the next two years.

Finally, Transparency Market Research identifies healthcare, government, enterprises and education as the key sectors driving adoption and demand for unified communications platforms.

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Team CounterPath

About Team CounterPath

CounterPath Corporation is a leading provider of innovative desktop and mobile VoIP software products and solutions. The company's product suite includes SIP-based softphones, server based user experience management and UC solutions that enable service providers, enterprises and Original Equipment Manufacturers (OEMs) to cost-effectively integrate voice, video, presence, Instant Messaging (IM) and collaboration applications into their VoIP offerings and extend functionality across both fixed and mobile networks.