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.
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:
- Unified Messaging
- Collaboration Platforms and Applications
- Telecom and IT
- Consumer Goods and Retail
- Public Sector and Utilities
- Logistics and Transportation
- Travel and Hospitality
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
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:
- U.S, Canada
- Germany, France,U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
- South_Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
- 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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Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research
BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.
Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.”
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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Savory & Partners: Digital Nomad Visas Sparking a Migration Boom
DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.
A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit www.savoryandpartners.com.
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research
The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
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Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Market Size in 2022
Market Size in 2032
No. of Pages in Report
Range, End User, Distribution Channel, and Region
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Less adoption in developing markets
Regular maintenance and repair costs
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The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
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Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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