Get the detailed impact analysis of COVID-19 that has disrupted the entire world and affected many industries.
Request Insights
IN THE NEWS· August 2021- Microsoft announced that it will raise the prices of its Office 365 business subscriptions by the end of 2022. The workspace suite offers various productivity apps such as Excel and Word. The price hikes are expected to boost the company’s total revenue and profit, as the Office line remains the company’s top product in terms of sales.
The global enterprise communication infrastructure market is estimated to gather a sizeable revenue by growing at a CAGR of ~15% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the considerable increase in the IT budgets of companies, continuous evolution and application of new technologies, and growing penetration of smartphones across the globe. Approximately 5.65 billion people around the world were using smartphones, which increased up to more than 6 billion users by the end of the year 2020. By 2025, about 7.3 billion people are calculated to become smartphone users. Along with these, generation of large volumes of data worldwide, and rising adoption of cloud-based services among small and medium sized organizations are also expected to be crucial factors driving market growth in the upcoming years. Furthermore, deployment of enterprise communication infrastructure offers increased research and development potential, greater computing density and high cost-effectiveness. This in turn is projected to raise the demand for these technologies in the near future.
Get more information on this report: Download Sample PDF
The market is segmented by end user into IT and telecom, retail, manufacturing, BFSI, and others, out of which, the retail segment is anticipated to hold the largest share in the global enterprise communication infrastructure market on account of the increasing multi-channel retail over which customers and employees communicate, and growing usage of enterprise communication infrastructure by multi-channel retailers. Apart from these, the ability of this infrastructure to engage customers across channels such as mobile, web and social media, is also assessed to drive growth to this market segment in the future. Additionally, on the basis of deployment, the cloud segment is predicted to observe the highest growth over the forecast period, which can be credited to the excellent accessibility, low maintenance cost, high data security and unlimited storage capacity of cloud, evaluated to boost the demand for these services in the imminent time.
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global enterprise communication infrastructure market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the North America is estimated to gather the largest share over the forecast period on the back of the early adoption of technologies in the United States, high implementation of cloud, and rising investments in innovating and adding additional services to the offerings by IT companies in the region. For instance, as of now, more than 50 percent of the government organizations in the United States are using the cloud. The public spending on cloud in the country is also evaluated to rise by more than 17 percent by the end of 2021. In addition, strong presence of major market players is also predicted to drive market growthy in the coming years. Moreover, the market in Asia Pacific is predicted to witness noteworthy growth during the forecast period owing to the rapid technological advancements in the IT sector, growing establishment of technological startups, and robust rate of industrialization in the region.
The global enterprise communication infrastructure market is further classified on the basis of region as follows:
Our in-depth analysis of the global enterprise communication infrastructure market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are increase in the IT budgets of companies and growing penetration of smartphones across the globe.
The market is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2022 – 2030.
Rising data security concerns worldwide and poor IT infrastructure in developing regions are estimated to hamper the market growth.
Asia Pacific will provide more business opportunities to the market over the forecast period owing to the rapid technological advancements in the IT sector and growing establishment of technological startups in the region.
The major players in the market are Microsoft Corporation, Cisco Systems, Inc., AT&T Inc., IBM Corporation, DXC Technology Company, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, deployment, end user, and by region.
The retail segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
Related Reports
Disclaimer | Privacy Policy | Terms & Conditions
Copyright © 2021 Research Nester. All Rights Reserved
