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Unified Communication & Collaboration Market Size to Hit USD 222.61 Billion by 2030, Exhibiting a CAGR of 17.7%

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Pune, India, April 18, 2023 (GLOBE NEWSWIRE) — The global unified communication & collaboration market size was valued at USD 60.73 billion in 2022. The market is projected to grow from USD 71.26 billion in 2023 to USD 222.61 billion by 2030, exhibiting a CAGR of 17.7% during the forecast period. Shift to Work from Home Model Propel the Demand for UC&C. Fortune Business Insights™ shares this information in its report titled “Unified Communication & Collaboration (UC&C) Market Forecast, 2023-2030.”

Unified Communication & Collaboration (UC&C) examines the structured and unstructured database for visualization and offer insights based on that. Shift to a work-from-home model is driving the need to have a digital workplace. Increasing sales of the tools is expected to facilitate market development.

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Key Industry Development

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July 2022- Microsoft Teams added new features to its communication channels. Features include connection with external stakeholders and dynamic caller ID for call agents.

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 17.7%
2030 Value Projection USD 222.61 Billion
Base Year 2022
Unified Communication & Collaboration Market Size in 2022 USD 60.73 Billion
Historical Data for 2019 to 2021
No. of Pages 150
Segments covered Type, Deployment, Organization Size, Industry and Geography

Small and Medium-Scale Organizations Adopted Digital Strategies for Automating their Business Operations

COVID-19 negatively impacted the global economy as governments imposed lockdowns and restrictions. Numerous small and medium-scale organizations have adopted digital strategies for automating their business operations. According to a survey conducted by Ribbon Communication, it is reported that companies with less than 100 employees are keeping IT as a high priority. Employment of full-time and on-site IT personnel has increased by 67%, which as a result led to increasing in the adoption of unified communications & collaboration by 41%.

Key Takeaways

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  • Unified communication & collaboration market size in North America was USD 28.49 Billion in 2022
  • Shift to work from home model to drive the market growth.
  • Major trends include rapid shift to remote work and digital workplace
  • By end user, BFSI and IT & telecom segment holds the maximum share

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Drivers and Restraints

Increasing Sales of Unified Communications & Collaboration Tools to Drive Market Trajectory

Increasing sales of unified communications & collaboration tools is anticipated to drive the Unified Communication & Collaboration (UC&C) market growth. As remote working has been gaining popularity, it has led to a surge in the number of unified communications and collaboration tools users. Companies such as Zoom, Microsoft, and Vonage have reported an upward sales increase of such tools. In the Q2 of 2020, Microsoft’s global UC&C revenue increased by 19.5% to USD 4 billion.

However, security concerns and limited interoperability are anticipated to hinder market development.

Segments

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Due to Growing Traction for Video Conferencing, Telephony Segment to Dictate

On the basis of type, the market is segmented into telephony, conferencing, unified messaging, and others (contact center, live streaming). Telephony segment held a major part in 2021 and is expected to have a CAGR of 16.7% due to growing traction for video conferencing.

With Rise in Adoption of Cloud-based Solutions, Cloud to Lead the Segment 

Based on deployment, the market is segmented into hosted and cloud. Cloud to have highest CAGR and highest share due to rise in adoption of cloud-based UC&C solutions. Hosted deployment to showcase steady growth owing to the secured and easy access to data.

Owing to Increasing Usage, Large Enterprises to Lead the Segment 

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Based on organization size, the market is segmented into SMEs and large enterprises. Large enterprises segment had a highest share in 2021 as SMEs are using Unified Communication & Collaboration (UC&C) tools to transition to a remote-first workforce.  

Owing to the Demand for Customer Services, BFSI and IT & Telecom to Lead the Segment 

Based on industry, the market is segmented into IT & telecom, BFSI, healthcare, retail, manufacturing, education, government, and others. BFSI and IT & telecom segments to have a maximum share due to demand and focus toward customer services. Healthcare segment is expected to have the highest CAGR as various healthcare clinics and companies are adopting automation strategies.

Geographically, the market is segmented across five major regions, North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

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Regional Insights

North America to Lead Market Due to Presence of Dominant Players in the Region   

North America is expected to dominate the Unified Communication & Collaboration (UC&C) market share due to the presence of dominant key players in the region. The region reached a valuation of USD 28.49 billion in 2022 as key players are engaged in partnerships, mergers, and acquisitions with SMEs to strengthen their business and increase the customer base.

Asia Pacific is also expected to have a notable CAGR due to increasing digitization, thereby increasing the demand for UC&C tools. Increasing adoption of technologies such as artificial intelligence, augmented reality, and the Internet of Things (IoT) is driving cloud adoption across the region.

Europe is anticipated to have a prominent share due to various European players developing cloud-based and AI-powered UC&C and increasing their investment players.

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Competitive Landscape

Cisco Systems, Inc. Partnered with Lumen Technologies to Offer Cisco Unified Communication Manager

Key players have been offering new solutions, updating tools and technologies, and enhancing their technological capabilities. In October 2021, Cisco Systems, Inc. partnered with Lumen Technologies to offer Cisco unified communication manager cloud with Lumen solutions. This product integrates Cisco’s most advanced, cloud-based collaboration services with the reliability and speed of Lumen’s fiber network.

List of Key Players Profiled in the Report

  • Microsoft Corporation (U.S.)
  • IBM Corporation (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Zoom Video Communications, Inc. (U.S.)
  • 8×8, Inc. (U.S.)
  • RingCentral, Inc. (U.S.)
  • Verizon Communication, Inc. (U.S.)
  • Avaya, Inc. (U.S.)
  • Vonage Holdings Corp. (U.S.)
  • Google LLC (U.S.)

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Major Table of Contents:

  • Global Unified Communication and Collaboration Market Size Estimates and Forecasts, By Segments, 2019-2030
    • Key Findings
    • By Type (USD)
      • Telephony
      • Conferencing
      • Unified Messaging
      • Others (Contact Centers, Livestreaming)
    • By Deployment (USD)
      • Hosted
      • Cloud
    • By Organization Size (USD)
      • Small & Medium Enterprises
      • Large Enterprises
    • By Industry (USD)
      • IT & Telecom
      • Banking & Finance Services
      • Healthcare
      • Retail
      • Manufacturing
      • Education
      • Government
      • Others
    • By Region (USD)
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  • North America Unified Communication and Collaboration Market Size Estimates and Forecasts, By Segments, 2019-2030
    • Key Findings
    • By Type (USD)
      • Telephony
      • Conferencing
      • Unified Messaging
      • Others (Contact Centers, Livestreaming)
    • By Deployment (USD)
      • Hosted
      • Cloud
    • By Organization Size (USD)
      • Small & Medium Enterprises
      • Large Enterprises
    • By Industry (USD)
      • IT & Telecom
      • Banking & Finance Services
      • Healthcare
      • Retail
      • Manufacturing
      • Education
      • Government
      • Others
    • By Country (USD)
      • United States
      • Canada
      • Mexico
  • Europe Unified Communication and Collaboration Market Size Estimates and Forecasts, By Segments, 2019-2030
    • Key Findings
    • By Type (USD)
      • Telephony
      • Conferencing
      • Unified Messaging
      • Others (Contact Centers, Livestreaming)
    • By Deployment (USD)
      • Hosted
      • Cloud
    • By Organization Size (USD)
      • Small & Medium Enterprises
      • Large Enterprises
    • By Industry (USD)
      • IT & Telecom
      • Banking & Finance Services
      • Healthcare
      • Retail
      • Manufacturing
      • Education
      • Government
      • Others

TOC Continued…!

FAQs

How big is the unified communication & collaboration market?

Unified communication & collaboration market size was USD 60.73 billion in 2022. It is expected to reach USD 222.61 billion by 2030.

How fast is the unified communication & collaboration market growing?

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The unified communication & collaboration market will exhibit a CAGR of 17.7% during the forecast period, 2023-2030.

Related Reports:

Unified Communication as a Service Market Size, Share, Revenue Forecast and Opportunities

Customer Experience Management Market Overview, Industry Share and Forecast

Internet of Things Market Size, Share, Opportunities & Analysis

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Artificial Intelligence

Huawei Wen Tong: 6G Needs to Embrace AI for Shaping Future Network

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SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — At the 6G Conference held in Istanbul, on September 24, 2024, Dr. Wen Tong, Huawei Wireless CTO, delivered a keynote speech on 6G standardization and innovation. With the release of the ITU-R 6G vision framework, the 3GPP will start 6G standardization in 2025. “6G is a new generation of mobile technology, not a simple upgrade of 5G, it should bring new value to users,” said Dr. Tong, “6G is a true intergenerational technological disruption. 6G standard, key technologies, and network architecture should be re-defined based on application scenarios and requirements from 2030 to 2040. 6G should not be another way to implement 5G. Instead, 6G should embrace the AI revolution with a quantum leap and generate new values for the consumers. In this way, 3GPP standards can truly realize the 6G vision and create greater value for the entire industry.”

Centered “6G Standardization Direction” and “6G Innovation Driving Force”, Dr. Tong shared important views on the future architecture, terminal development, and key technologies of 6G.
In terms of architecture design, 6G should go beyond Service-Based Architecture and move towards Application-Driven Network.
5G has already achieved market success and continues to evolve towards 5G-Advanced. 6G will not simply reuse 5G network architecture, without generational and fundamental innovations, which will limit the mobile industry’s aspiration and imagination to dive the innovation in the 6G era. 6G must have obvious cross-generational characteristics and technical breakpoint.
On the core side, reusing the 5G core network will hinder the innovation in AI. We should use Agentic-AI based technology to re-architect 6G Core that goes beyond 5G Service-Based Architecture and support the foundational capabilities of AI, Sensing and NTN , and thus evolve towards the Application Driven Network .
In terms of terminal evolution, 6G user device calls for a breakthrough to lead the success of the entire industry chain.
It is the law of the mobile industry to drive the evolution of the market with the pioneering technology. The 6G networks and 6G terminals must meet the requirements of consumers and vertical industries in the 6G market phase from 2030 to 2040.
Currently, smartphones are evolving to AI terminals to usher in the mobile AI era. In post-MBB era, breakthroughs in terminal technologies will be the key to the evolution of the mobile industry. Therefore, 6G user device calls for a breakthrough towards “Full-AI”, thus to drive 6G network upgrade and the success of the entire industry ecosystem.
In terms of technology development, AI will become a key enabler for 6G with network paradigm shifting.
Twenty years ago, the Internet was the enabler of the technology innovations. Mobile communications embraced the Internet and achieved great business success. Today, AI maybe the disruptive enabler of the latest technology innovations.
6G should embrace the AI revolution with a quantum leap. However, 6G networks should not be limited to generative AI, Artificial General Intelligence (AGI) and Embodiment-AI are the main directions of future AI development. Therefore, AGI should run through the whole process of sensing, reasoning, decision, and action of terminals, wireless networks, and core networks of 6G, to welcome the arrival of a new network paradigm.
At the end, Dr. Tong Wen emphasized the relationship between 5G and 6G: “The global 5G deployment is on the rise and evolving to 5G-Advanced, which not only meets the current requirements of operators, but also protects their investment. Therefore, 6G technologies should not overlap with 5G in technologies and market space. The specifications, technologies, and architecture of 6G must be based on the scenarios and requirements from 2030 to 2040. We should focus on true generational technology disruption, embrace the new opportunities brought by AI, expand the mobile industry in the next generation.”
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Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

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HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence

Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Drone Sensor Market Size, Share, Industry Growth & Trends by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region – Global Forecast to 2029
Smart Agriculture Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Hardware, Software, Services), Agriculture Type, Farm Size (Large, Medium, Small), Application (Precision Farming, Livestock Monitoring) and Region (America, Europe, Asia Pacific, Row) – Global Forecast to 2028
About MarketsandMarkets™
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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.
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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.
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