#CAGR #Unified #Communication #Collaboration
Pune, India, Oct. 31, 2022 (GLOBE NEWSWIRE) — The global Unified Communication and Collaboration Market size was valued at USD 47.27 billion in 2021. The market is projected to grow from USD 53.54 billion in 2022 to USD 131.58 billion by 2029, exhibiting a CAGR of 13.6% during the forecast period. Fortune Business Insights, provide this information in its report titled, “Unified Communication and Collaboration Market Forecast, 2022-2029.”
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Key Industry Development:
July 2022: Microsoft Teams launched surplus characteristics in communication channels. Among the few available features in Microsoft Teams, connection with external stakeholders and dynamic caller ID for call agents are prominent features.
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 13.6% |
| 2029 Value Projection | USD 131.58 billion |
| Base Year | 2021 |
| Unified Communication and Collaboration Market Size in 2021 | USD 47.27 billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 150 |
| Segments covered | Type, Organization Size, Industry and Geography |
| Unified Communication and Collaboration Market Growth Drivers | Growing Sales of Unified Communications and Collaboration (UC&C) Tools will Drive Market Growth During COVID-19 |
Rising Adoption of Digital Transformation Strategies amid COVID-19 Pandemic has Strengthened Market Growth
The COVID-19 pandemic has negatively impacted the global economy as governments worldwide have imposed lockdowns and restrictions. However, the COVID-19 pandemic has pushed businesses worldwide to implement digital technologies based on IT software to streamline their business operations. Several small and medium-scale organizations have implemented digital strategies to automate…
Read on GNW: With 13.6% CAGR, Unified Communication and Collaboration
