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(UCaaS)Unified Communication As A Service Market Size to Cross USD 76.84 Billion by 2028

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London, UK, Sept. 22, 2022 (GLOBE NEWSWIRE) — The Unified Communication As A Service market size reached USD 29.54 Billion in 2021. The Unified Communication As A Service market size is likely to grow at 14.63% CAGR during 2022-2028 to reach USD 76.84 Billion by 2028 end. Rising adoption of video conferencing and video communications practices, growing latest technologies such as artificial intelligence (AI) and increasing adoption of BYOD trend are some of the major factors driving the growth of Global Unified Communications as a Service Market. 

Unified Communication As A Service Market Scope  

The global unified communication as a service market is going to see a good amount of growth in the coming few years. This is due to the growing inclination of the world to adopt a business model which is a hybrid one. The COVID 19 outbreak has compelled the enterprises even more to consolidate their communication features. Therefore, the enterprises are now focusing on the cross-function enabling of communication features for ensuring efficient collaboration. There is a growth in the number of employees which are now working from home therefore, the companies are implementing these solutions. The outbreak of COVID left the companies with no choice but to adopt the platforms a s well as tools in the outbreak of the pandemic to work out ways of performance. This will also make them reevaluate their costs and protect the margins as the revenues dwindle.   

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What plays the biggest role in the growth of the market is the adoption of technologies and how the Artificial Intelligence is playing a key role in the helping of the organizations in achieving the digital transformation goals. The AI- enabled solutions may help the organizations in transcription effortless, tracking speakers intelligently, intuitively recording calls, offering relevant services and understanding the needs of the users. The AI-enabled service solutions may also help in the sentiment analysis. These solutions may typically leverage the data mining technology for analysing the discussions, comments, reviews and comments which is related to the products, services and brands which help the enterprises in accordingly strategizing.  

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Video conferencing and video communication practices being adopted has helped in gaining traction significantly over the last few years. This trend was particularly highlighted by a rapid adoption of the video conferencing and the communication services offered by Corporation. Video conferencing also helps in enabling the users to foster the healthy interpersonal relationships along with facilitating more efficient making of decisions in the conferences and meetings.  

The continued roll out of the 5G data which is a high-speed network is going to be working well for this growth of the market in the coming years. The low-latency, high-speed connectivity which is enabled by 5G networks which can significantly enhance the audio and video conferencing and strengthen collaborations and meetings. The cloud specific network functions and the multi- access edge capabilities of computing offered by the 4G technologies for self-healing and scalable networks. The networks which are cloud-specific function are helping the market grow at a breakneck pace. 

Ucaas Market Size: Competitive Analysis   

Companies such as 8×8 Inc, Amazon.com, Inc., Avaya Inc., CenturyLink, Inc., Cisco Systems, Inc., and Fuze, Inc are the leading players in the global unified communication as a service market. The global unified communication as a service key players are working hard to innovate on their service and a competitive market helps in the growth of the market as there are new services being launched. 

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The largest revenue segment currently is the public cloud segment. The public cloud technology is helping in the reduction of lead times in the testing and deployment of new products. The models offer the opportunity for deploying scalable, UC platforms that are subscription based. Therefore, the organizations of all sizes may conveniently shift from the legacy communications as well as platforms to the more efficient and advanced public solutions which gives the companies a flexible solution as per their preferences. The segment of IT and telecom too has been dominating the market. There is a strong emphasis being made on the different IT as well as telecom companies to roll more efficient collaborations out. This is driving the adaptation significantly. This will further drive the market considerably in the coming years for this segment. 

Global Unified Communication As A Service (ucaas) Market Segmentation: 

By Component: 

  • Telephony 
  • Conferencing 
  • Unified Messaging 
  • Collaboration Platforms and Applications 

By Vertical: 

  • BFSI 
  • Telecom and IT 
  • Consumer Goods and Retail 
  • Healthcare
  • Public Sector and Utilities 
  • Logistics and Transportation 
  • Travel and Hospitality 
  • Other 

North America is going to dominate this market globally with the revenue share exceeding one third of the total share. A big factor here was also the way the United States was affected by this outbreak of the pandemic, the healthcare providers, offline as well as online distribution channels, government bodies and others are looking forward for an efficient collaboration and communication for ensuring adequate diagnosis and care. This is going to drive the market in United States as well as North America.  

Another market which is going to develop significantly over the coming period due to the continued growth of digitalization and growing workforce of mobile users is Asia Pacific. The implementation of high- speed internet has been aggressive and done at the competitive prices as well as the rapid growth of the smartphones in this region which is going to develop business solutions. Further, there is a presence of AI hub in many countries which is going to show a growth in many organizations which provide the services related to the AI clients all over the world. This is going to increase adoption in this region.  

Unified Communication As A Service Market: Key Trends  

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In the last decade or so this has become a thriving industry. The technology is promising a flood of integrated and innovated communication devices which are going to assist the businesses in achieving many benefits which include the improved corporate procedures and also lower the expenses of communication overall. The vendors who specialize in these in the services also focus on making their products simpler for acquiring maintaining and deploying. The increase in demand for communication real-time has allowed the venders to offer the Web RTC solutions, for facilitating faster streaming of video and the group chats in the client devices. The companies aim for the service which help them in achieving the overall improvement in experience of users working remotely and those at the desks. The AI and ML advancements in communication sector have provided the opportunities at this company. The skills enable the new features such as the chatbots and the predictive intelligence. 

Region Covered in Unified Communication As A Service Market Report: 

North America 

  • U.S, Canada 

Europe 

  • Germany, France,U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe 

Asia-Pacific 

  • South_Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC 

Latin America 

  • Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America 

Middle East and Africa 

  • Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA 

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Artificial Intelligence


Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services





 






Published
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 June 14, 2024





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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation. 


Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.

The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.

As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.

From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.

“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”

Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.

Visit ViCA.Chat to experience the future of compliance support.

Contact:

Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]

About ViCA.Chat:

ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.

Visit ViCA.Chat to learn more.

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Artificial Intelligence


LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™





 






Published
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 June 14, 2024





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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.


Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”

320 – Tables 58 – Figures294 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144298529

Scope of the Report

Report Metrics

Details

Market size available for years

2018-2029

Base year considered

2023

Forecast period

2024–2029

Forecast units

Value (USD Billion)

Segments Covered

Offering, Network Deployment, Application, End User, and Region

Region covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

List of Companies in LoRa and LoRaWAN IoT

The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).

The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=144298529

Based on network deployment, the public network segment to hold the largest market size during the forecast period.

The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.

By offering, the services segment is expected to hold a higher growth rate during the forecast period.

IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.

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Asia Pacific is expected to hold a higher growth rate during the forecast period.

In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.

Top Key Companies in LoRa and LoRaWAN IoT Market:

The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.

Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting

Related Reports:

Perimeter Security Market- Global Forecast to 2029

Smart Cities Market – Global Forecast to 2028

Fleet Management Market – Global Forecast to 2028

Smart Water Management Market – Global Forecast to 2028

Rail Asset Management Market – Global Forecast to 2026

Get access to the latest updates on LoRa and LoRaWAN IoT Companies and LoRa and LoRaWAN IoT Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/

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Artificial Intelligence


Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup





 






Published
 2 days ago 
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 June 14, 2024





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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.


Optimized Visuals Tailored for Football Dynamics

The Toshiba REGZA Engine ZRi in Z670 transports football fans into the heart of the action. With the AI Football Mode, they’ll be able to see fast-moving objects crystal clear and football field actions much enriched. To see their favourite player score that winning goal, the AI Picture Optimizer automatically adjusts visual contrast and precision adapted to the game. From vivid green fields and vibrant player kits, every play comes to life with AI 4K Upscaling and Quantum Dot Color, transforming lower-resolution broadcasts into near-4K quality and unleashing lifelike visual color.

Powerful Audio Effects for a Live Stadium Experience

The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.

Bringing Everyone Together for UEFA EURO 2024™

Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!

Please find the high-resolution TVC here: Link

About Toshiba TV:

With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.

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