Cellular IoT Market Is Expected To Reach USD 9.65 Billion By 2025

Global Cellular IoT Market is expected to reach USD 9.65 billion by 2025, according to a new study by Grand View Research, Inc. The hype around Internet of Things (IoT) and its tremendous potential to revolutionize machine-to-machine and machine-to-human communications has reached its peak, owing to which numerous technology vendors are prodding different variants of emerging technologies to capitalize on this opportunity. With increased pervasiveness of cellular connectivity and the ready availability of its extensive networks, mobile broadband is anticipated to gain unprecedented significance in IoT.

An important aspect of the growth of cellular IoT is its ability to leverage mobility and range as compared to other IoT access methods, which can be the major differentiating factor over its contemporary service delivery techniques. In addition, cellular networks operate on the existing network infrastructure and offer reliable and quality services with assured security, which would play a vital role in their adoption in both industrial and consumer applications.

While cellular IoT primarily operates on the LTE technology, the emergence of other Low Power Wide Area Networks (LPWAN), such as LoRA and SigFox, and comparatively higher costs of cellular modules may hinder the market growth in the next couple of years. The role played by emerging technologies such as NarrowBand-IoT and NarrowBand-LTE-M will be instrumental in the hustle for gaining M2M market share. These technologies are specifically designed for IoT applications and are on the verge of commercialization with numerous pilot projects being launched in different parts of the world.

Cellular IoT offers numerous advantages such as broader coverage, deep indoor penetration, and smaller module size, owing to which it is largely preferred in high-density deployments. This is also expected to aid in the increased adoption of the technology over the next decade. Furthermore, cellular technologies, especially LTE, are supported and backed by a consortium of established industry players and various organizations such as 3^rd Generation Partnership Project (3GPP) and Global System for Mobile Association (GSMA), which is expected to boost the market growth in the coming years.

Full Research Report on Global Cellular IoT Market Analysis: http://www.grandviewresearch.com/industry-analysis/cellular-iot-market

Further key findings from the study suggest:

• North America is expected to maintain its dominant position in the global market owing to a greater penetration of next-generation LTE technologies, especially in the U.S.
• 2G holds the largest market share in terms of revenue generated; however, it is expected to gradually lose its share to emerging technologies, such as 4G, LTE-M, and NB-IoT. An interesting factor about the competing technologies, is the way in which these technologies operate in relation to each other (LTE-M vs NB-LTE-M vs NB-IoT) and whether they act as complementary or rival technologies in IoT
• Standard bodies, including 3GPP, are actively promoting the usage of cellular IoT technology and network transformation in broadband connectivity, which is expected to drive market growth and standardization over the forecast period.
• Remote monitoring, cloud connectivity, predictive maintenance, remote operation, and remote maintenance are some of the major applications being commercialized in different end-use industries.
• Numerous applications of cellular IoT are anticipated to be the most important growth driver for the market with a phenomenal increase in device shipments over the forecast period.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Cellular Iot Market based on components, types, end uses, and regions:

Component Scope (Revenue, USD Million; 2014 - 2025)

• Hardware
• Software

·         Device Management

·         Signal Processing

Type Scope (Revenue, USD Million; 2014 - 2025)

• 2G
• 3G
• 4G
• LTE-M
• NB-LTE-M
• NB-IoT
• 5G

End-use Scope (Revenue, USD Million; 2014 - 2025)

• Agriculture
• Automotive & Transportation
• Consumer Electronics
• Energy
• Environment Monitoring
• Healthcare
• Retail
• Smart Cities
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa (MEA)

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cellular-internet-of-thing-iot-market                      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Knowledge Process Outsourcing Market Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Knowledge Process Outsourcing (KPO) Market is expected to reach USD 124.29 billion by 2025, according to a new report by Grand View Research, Inc. The outsourcing of knowledge processes facilitates the maximum utilization of resources at much lower costs. In addition, growing opportunities in legal process outsourcing and increasing applications in the IT & telecom, healthcare, and pharmaceutical segments are driving the market growth.

The presence of a large pool of resources in emerging economies is resulting in the growth of knowledge process outsourcing firms. Currently, companies prefer outsourcing work that involves critical processes and a large amount of time so that they can employ their resources in other revenue-generating tasks, which, in turn, saves the time and money of organizations.

The IT and telecom segment is expected to grow at a faster rate with a CAGR of 20.8% over the forecast period. Increasing data in the IT and telecom industries is resulting in larger usage of analytical tools and R&D in the field to extract useful information thereby resulting in growth of the market over the years.

The engineering and design segment has a large market share and is valued at USD 5.53 billion. Owing to technological advancement in the engineering sector, there is a high demand for outsourcing the designing part of the components.  The Latin American region is expected to witness the fastest growth in the global KPO market due to the increasing emphasis laid on research and analysis of data by many large and medium size companies present in the region.

Full Research Report on Global Knowledge Process Outsourcing (KPO) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/knowledge-process-outsourcing-kpo-market

Further key findings from the report suggest:

• The analytics & market research segment dominated the market in 2016 and is estimated to generate a revenue of over USD 45.18 billion by 2025. The growing data over the globe has resulted in increasing demand for analytical tools and market research to segregate useful information from the massive chunk of available raw data
• The legal process outsourcing segment is anticipated to witness the fastest growth at a CAGR of 21.5% over the forecast period. Many companies outsource their legal tasks to experts in order to reduce time and costs incurred.
• The BFSI segment was valued at USD 9.66 billion in 2016 and is estimated to reach USD 37.94 billion by 2025.Increasing concerns for revenue cycle and managing the customer data requires lot of time and hence companies in this segment are outsourcing these tasks
• The industry in Latin America is projected to witness a substantial growth over the forecast period, which is attributed to the increasing number of skilled workforce. The regional market is expected to attain USD 9.13 billion by 2025
• Key players including McKinsey & Company, Moody’s Corporation, ExlService Holdings, Inc., Wipro Ltd., and HCL Technologies Ltd. dominate the global knowledge process outsourcing market

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Knowledge Process Outsourcing (KPO) Market on the basis of service, application, and region:

Service Outlook (Revenue, USD Million; 2014 - 2025)

• Analytics & Market Research
• Customer & Marketing Analytics
• Operations & Supply Chain Analytics
• Competitive Intelligence & Industry Analysis
• Engineering & Design
• Financial Process Outsourcing
• Legal Process Outsourcing
• Publishing Outsourcing
• Research & Development Outsourcing
• Others

Application Outlook (Revenue, USD Million; 2014 - 2025)

• BFSI
• Healthcare
• IT & Telecom
• Manufacturing
• Pharmaceutical
• Retail
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Philippines
• Latin America
• Brazil
• Middle East & Africa

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-knowledge-process-outsourcing-kpo-market                     

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Steel Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Steel Market is expected to reach USD 1.01 trillion by 2025, according to a new report by Grand View Research, Inc. Growing inclination of contractors towards sustainable, low cost and durable building materials is driving steel demand in upcoming residential projects & industrial infrastructure.

Technological advancements have made pre-engineered metal buildings with high structural integrity a reality, where steel plays an essential function in lending stability, aesthetic appeal and design flexibility. Stringent regulations promoting green & energy-efficient buildings is also contributing to steel demand, especially in industrial structures.

The Asia Pacific market is relatively subdued, but displays high growth owing to exponential growth in the Indian market as of 2017 on account of protectionist measures & rising demand. About 1/3rd of Chinese exports are shipped to countries in Southeast Asia owing to anti-dumping policies by western countries, which has contributed to economic growth and infrastructure development in these countries.

Hot rolled products dominated the steel industry with over 75% of the volume share in 2016. These products are widely utilized in automobile structures such as frames, wheel and other parts as well as welding and construction trades among others.

Full Research Report on Global Steel Market Analysis: http://www.grandviewresearch.com/industry-analysis/steel-market

Further key findings from the report suggest:

• The global steel demand exceeded 1.71 million tons in 2016 and is expected to grow at a CAGR of 2.1% from 2017 to 2025
• Steel tubes are anticipated to grow at above 3% CAGR in terms of volume, owing to high demand for underground pipelines in fuel & water transportation
• Cold rolled products are expected to grow at 3.1% CAGR in terms of revenue, owing to their excellent inherent as well as physical properties including high concentricity and tensile strength, straightness and better aesthetic appeal
• Pre-engineered metal building (PMB) structures are increasingly replacing other conventional structures since they are over 30% lighter, providing simpler and lightweight designs
• Steel roofs & walls are expected to grow at a CAGR of 2.7% in terms of revenue; they generally aid in minimizing energy loss, heat gain whilst maximizing thermal comfort and fire safety properties in PMBs
• North America & Europe are expected to remain dominant yet mature steel-consuming regions, owing to market saturation and low construction spending as compared to emerging economies; however, rising housing starts in the U.S. may offer lucrative opportunities for innovative producers & distributors
• Major industry participants include Emirates Steel, Hamriyah Steel FZC, Al Nasser Industrial Enterprises LLC, United Iron & Steel Co., Al Ghurair Iron & Steel Co., Al Rajhi Steel, Absal Steel, ArcelorMittal, Hadeed (SABIC), and Solb Steel Company among others

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Steel Market on the basis of product, application, and region:

Steel Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Hot Rolled Steel
• Cold Rolled Steel
• Direct Rolled Steel
• Tubes
• Other Profiles

Steel Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Pre-Engineered Metal Buildings
• Primary Members
• Secondary Members
• Roofs & Walls
• Panels
• Bridges
• Industrial Structures

Steel Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Asia Pacific
• China
• India
• Japan
• Latin America
• Mexico
• Brazil
• Middle East & Africa
• Bahrain
• Egypt
• Iran
• Iraq
• Jordan
• Kuwait
• Libya
• Oman
• Qatar
• Saudi Arabia
• Sudan
• Syria
• Turkey
• United Arab Emirates

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-steel-market                        

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Automotive Aftermarket Competitive Landscape By Company Profiles Financial Performance, Product and Recent Development 2014-2025

Global Automotive Aftermarket is expected to reach USD 486.36 billion by 2025, according to a new report by Grand View Research, Inc. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid & autonomous cars, in the years to come, is further expected to bolster the new component market growth. The market can be categorized, based on replacement parts, into tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, and exhaust components.

The increasing vehicle penetration is driven by the overall improvement of lifestyle in the developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in the region. Similar surges in the automotive manufacturing sector across various regions along with the increasing stringent emissions norms are expected to drive the growth of automotive aftermarket component sales over the forecast period.

The Asia-Pacific regional market is expected to be the fastest growing market for automotive collision repair services over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated toward repair of particular vehicles are expected to increase.

The global automotive aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward repair of their automobiles.

Full Research Report on Global Automotive Aftermarket:http://www.grandviewresearch.com/industry-analysis/aftermarket-automotive-parts-market

Further key findings from the report suggest:

• The automotive aftermarket is estimated to grow significantly over the forecast period, owing to an increase in the number of lightweight vehicles coupled with the increasing age of the light vehicle fleet
• North America has a higher technology adoption rate, which is anticipated to result in faster and higher adoption of hybrid electric automobiles in the region as compared to the other geographies
• The global automotive aftermarket is anticipated to witness a phase change attributable to the growing proportion of specialized automotive collision repair centers that are dedicated toward serving specific vehicles such as alternate fuel powered vehicles
• The key industry participants include Magneti Marelli S.p.A., Continental AG, 3M Company, Federal-Mogul Corporation, Delphi Automotive PLC, Robert Bosch GmbH, and Denso Corporation.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-transportation

Grand View Research has segmented the Global Automotive Aftermarket based on replacement part and region:

Automotive Aftermarket Replacement Part Outlook (Revenue, USD Billion, 2014 - 2025)

• Tire
• Battery
• Brake parts
• Filters
• Body parts
• Lighting & Electronic components
• Wheels
• Exhaust components
• Others

Automotive Aftermarket Regional Outlook (Revenue, USD Billion, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• The Middle East & Africa

View Blog On this research report by Grand View Research: http://www.grandviewresearch.com/blog/automotive-aftermarket-industry-size-share                             

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Fiber Optics Market Qualitative Analysis by Industry Overview, Trends, Market Growth And Key Market Opportunities 2014-2025

Global Fiber Optics Market is expected to reach USD 9.12 billion by 2025, according to a new report by Grand View Research, Inc. The growing necessity of data security in the military & aerospace sector has increased the growth and penetration of this technology. There is a huge demand for fiber optic connectors in the security sector owing to their bandwidth capabilities, inherent security, and protection against signal interference. The growing adoption of the optical technology in medical and aerospace arenas is anticipated to revolutionize the market by 2025.

Leading players integrate vertically across the entire supply chain to stay ahead in the competition by compensating for inadequacies, increasing revenue, and eliminating competitive scenarios. The upcoming era is expected to witness the adoption of technology in the dynamic application segment that includes railways, architecture & construction, and BFSI, owing to the growing automated high-tech maintenance requisites and escalating importance of data (as an asset).

The growing penetration of technology is encouraging manufacturers and suppliers to invest in research & development for creating better products. As the production and installation of products tend to be quite tedious and costly processes, researchers are focusing on innovating reliable and cost-effective products. Accordingly, production is being optimized by manufacturers worldwide, regulating efficiency and prices to curb alternatives to fiber optics technology.

The market by varied categories of fiber optics includes single-mode, multimode, and plastic optical fibers. Based on application type, the market has been segmented into telecom, oil & gas, military & aerospace, BFSI, medical, railway, and other associated technology applications. The telecom sector is the biggest application sector in terms of size and is subject to regulations imposed by the government and other related regulatory authorities. From the manufacturing of to their application, several regulations are to be followed by manufacturers and suppliers. These regulations vary depending on the additions or innovations in technology.

Full Research Report on Global Fiber Optics Market Analysis: http://www.grandviewresearch.com/industry-analysis/fiber-optics-market

Further key findings from the report suggest:

• The multimode segment dominated the overall market in 2015. The multimode technology allows simultaneous propagation of multiple modes of light. This enhances the transfer rate of audio/video applications, particularly in Local Area Networks (LANs).
• The growing demand for optic cables can be accredited to the rising bandwidth needs across carriers and enterprise networks.
• Fiber optics has exciting new applications in the medical industry and is mainly used in light conduction and illumination, flexible bundling, and laser delivery systems.
• The North American region dominated the market and accounted for the largest global market share (in terms of revenue) in 2015.
• Key industry participants include Corning, Inc. (U.S.), Optical Cable Corporation (U.S.), Sterlite Technologies Limited (India), and OFS Fitel, LLC (U.S.).

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/semiconductors

Grand View Research has segmented the Global Fiber Optics Market based on type, application, and region:

Type Outlook (Revenue, USD Million; 2014 - 2025)

• Single Mode
• Multimode
• Plastic Optical Fiber (POF)

Application Outlook (Revenue, USD Million; 2014 - 2025)

• Telecom
• Oil & Gas
• Material Sensing
• High Bandwidth Communications
• Others
• Military & Aerospace
• Secure Communication
• Weapon System
• Surveillance System
• Optical Computing
• UAV
• Military Vehicle Sensing
• BFSI

·         Medical

·         Biomedical Sensing

·         Minimal Invasive Surgery

·         Imaging

§  Endoscopy

§  MRI

§  CT

§  PET

§  X-Ray

§  Others

·         Railway

·         Railway Maintenance

·         Speed Monitoring

·         Dynamic Load Calculation

·         Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• MEA

View Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-fiber-optics-market                     

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Big Data Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2014-2025

Global Big Data Market is expected to reach USD 123.2 billion by 2025, according to a new report by Grand View Research, Inc. The amount of data flowing across organizations has witnessed enormous growth over the last few years and the trend continues. Evolving consumer demands coupled with contracting budgets are impacted by the proliferating data, which puts considerable pressure on organizations to make the right decision in order to seize a competitive advantage.

Big data solutions enable organizations to effectively manage large data volumes thereby reducing cost. Additionally, these solutions also facilitate companies to overcome frauds, streamline critical business processes, and reduce errors. Further, the growing need to manage and monitor the heterogeneous nature of the data generated from web clicks to satellite data is also anticipated to significantly propel the industry growth over the next few years.

Increased adoption of cloud computing has generated a large amount of data on account of rapid technological advancements and increased connectivity, owing to smartphone proliferation. Thus, the big data industry is estimated to witness a high demand in order to keep pace with this data explosion. However, lack of skilled manpower including data analysts and data scientists that are required to leverage big data capabilities is expected to hamper the demand. There exists a huge requirement for professionals who are capable of exploiting big data analytics in order to make valuable decisions.

Full Research Report on Global Big Data Market Analysis: http://www.grandviewresearch.com/industry-analysis/big-data-industry

Further key findings from the report suggest:

• The network equipment segment is expected to witness a healthy growth at a CAGR exceeding 20% over the forecast period, owing to the reinforcement of new network infrastructures in order to offer enhanced security.
• The visualization segment emerged as the fastest growing software segment over the forecast period, which is ascribed to the elevating demand for visuals to represent the analyzed data and convey exact interpretation to consumers.
• Media & entertainment and gaming captured a sizeable share exceeding 5% of the overall revenue, which is attributed to the growing number of companies seeking to escalate the value of their assets by integrating creativity with technological breakthroughs.
• North America accounted for a sizeable revenue share exceeding 30% in 2015, which is attributed to the high penetration, primarily, across the IT & telecommunication, BFSI, and retail sectors.
• Notable industry players, such as IBM, HP, Cloudera, and Oracle, are gradually investing in R&D, for developing unified big data solutions that offer increased capabilities. These players rely on developing innovation-led solutions to increase productivity and reduce cost in an attempt to attract new customers.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/digital-media

Grand View Research has segmented the big data market based on hardware, software, service, end-use, and region:

Big Data Hardware Outlook (Revenue, USD Million; 2014 - 2025)

• Storage
• Server
• Network Equipment

Big Data Software Outlook (Revenue, USD Million; 2014 - 2025)

• Analytics
• Database
• Visualization
• Distribution Tools
• Others

Big Data Service Outlook (Revenue, USD Million; 2014 - 2025)

• Consulting
• Deployment & Maintenance
• Training & Development

Big Data End-Use Outlook (Revenue, USD Million; 2014 - 2025)

• BFSI
• Manufacturing
• Retail
• Media & Entertainment
• Gaming
• Healthcare
• Telecommunication
• Government
• Others

Big Data Regional Outlook (Revenue, USD Million; 2014 - 2025)

North America

• U.S.
• Canada

Europe

• UK
• Germany

Asia Pacific

• China
• India
• Japan

Latin America

• Brazil
• Mexico

The Middle East & Africa

View Blog On This Report by Grand View Research: http://www.grandviewresearch.com/blog/big-data-market-size-share-trends-forecast                       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Unified Communications Industry Outlook By Executive Summary, Market Variables, Trends And Scope 2013-2024

Global Unified Communications Market size is expected to reach USD 143.49 billion by 2024, according to a new report by Grand View Research, Inc. The substantial growth prospects of the unified communications market can be attributed to the rapid international expansion of organizations and an increasing need for real-time and efficient communication systems that enhance the inter-organizational exchange of information.

Favorable government and institutional initiatives worldwide supporting the introduction of UC deployment across various industry sectors are expected to positively impact the market over the forecast period.

Organizations across various industry verticals are adopting various tools and strategies in order to optimize processes, decrease operational costs, improve efficiency and increase productivity. Unified communication solutions enable real-time communications within as well as outside of the organization thereby enabling the elimination of delays and speeding up of business processes.

However, high initial costs for such solutions and interoperability issues are presumed to challenge the industry growth over the next eight years. In the U.S., ambiguous VoIP related regulations by the FCC may affect the industry dynamics in the coming years.

Full Research Report on Global Unified Communications Market Analysis:
http://www.grandviewresearch.com/industry-analysis/unified-communication-market

Further key findings from the report suggest:

• On-premise UC solutions accounted for nearly 60% of the overall market share in 2015 owing to the ease of customization and control they offer. Moreover, such solutions bring in a sense of security within the organization as critical business infrastructure resides in-house curtailing on security concerns. However, such systems require adequate maintenance and well-trained IT staff, thereby adding to their operational expenses.
• Hosted unified communications systems provide enhanced flexibility compared to their on-premise counterparts. Such systems enable streamlined access to company data for the employees at a reduced infrastructure cost and are a good fit for geographically distributed organizations. The segment accounted for near 40% of the overall UC market revenue share in 2015 and is projected to overtake on-premise systems over the forecast period.
• Enterprise end-use applications dominated the overall UC system industry in 2015. They accounted for nearly 50% of the overall market owing to the surge in adoption of such solutions in SMEs across various industry verticals. Governments from the countries such as the U.S., Canada, UK, Japan and New Zealand are investing in the adoption of such solutions across its institutions along with schools, colleges, and universities. The government end-use segment is expected to witness a substantial growth growing at a CAGR of nearly 20% over the forecast period.
• The unified communications market in Asia Pacific region accounted for over 25% of the overall market share in 2015 and is expected to witness substantial growth over the next eight years. Developing economies such India and China from the region are expected to offer extensive growth avenues for the regional industry growth, owing to increasing industrialization and modernization of business processes eventually leading to surge in the adoption of such UC solutions.
• Key market participants include Alcatel-Lucent S.A, Avaya Inc., Cisco Systems Inc., and Microsoft Corporation. Leading vendors are emphasizing on simple yet customized business communication offerings targeting small and medium business organizations. Moreover, service providers worldwide are offering innovative and dynamic communications and collaborating tools giving them an advantage over their competitors.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the Global Unified Communications Market on the basis of product, application, and region:

Unified Communications Product Outlook (Revenue, USD Billion, 2013 - 2024)

• On Premise
• Cloud-Based/Hosted

Unified Communications Application Outlook (Revenue, USD Billion, 2013 - 2024)

• Enterprises
• Education
• Government
• Healthcare
• Others

Unified Communications Regional Outlook (Revenue, USD Billion, 2013 - 2024)

• North America
• Europe
• Asia Pacific
• South America
• MEA

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-unified-communication                      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com