Report Code: A08847 | Pages: NA | Mar 2023 | 2366 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Business Communication Systems Market
Request Now !Business communication systems are the means by which enterprises pass on the information, which can be for the general public and customers internally, among employees, or externally. Email help and/or phone are the most common type of a communication network. More efficient business communication platforms come with support for instant messaging, video conferencing, and internet-based audio transmission. Artificial Intelligence (AI) integration with UC technologies has significantly helped companies reach their digital transformation goal. New generations of business users are preferring more interactive and visual collaboration forms available on the devices and interfaces of their choice, anywhere, anytime. Companies are investing in best-of - breed, standard-based technologies that can be tightly optimized for greater end-user efficiency and more effective IT management to ensure higher ROI and future-proof their technology investments.
COVID-19 scenarioAnalysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rise in penetration of smartphones and large-scale investments by telecom players to modernize communication network infrastructure are expected to facilitate consistent market growth. A widespread global network of 4G connectivity and ongoing investments for rapid adoption of 5G networks is expected to contribute towards the growth of business communication systems.
The global business communications systems market trends are as follows:
Telephony and conferences to contribute for the highest market share
During the forecast period, the telephony and conference segment is expected to be the most required business communications system platforms. Global vendors are offering telephony and conferencing as the main product due to a growing demand among small and medium-sized enterprises (SMEs), as these solutions enable them to streamline their business communication and increase productivity. This is due to the extensive use of IP phones to offer capability of real-time communication between enterprises. IP phones serve as multimedia endpoints for bringing capabilities, such as video applications and voice to data, providing better business relationships, enhancing competitive edge, employee satisfaction, and improved communication. The solutions also allow increased employee innovation and faster problem-solving capabilities.
Conversational commerce to move to voice during the forecast period
Messaging apps such as Facebook Messenger, Whatsapp, and WeChat all have billions of users around the world. These applications are easily the most used on smartphones. The way people interact with their peers, families and brands has definitely revolutionized it. Brands seem to be easily catching on the trend and moving parts of their communication to these messaging apps. Conversational commerce is about using these apps to deliver exactly what customers want. Telephone calls and messaging will be included in the business app itself, without affecting "personal space" of the customers.
Owing to the growing rivalry, customer support is something that differentiates a brand from the rest. This makes it extremely important for brands to introduce the latest technology, systems and people to best serve their customers. Cisco Systems, Inc.; Microsoft Corporation; IBM Corporation; and NEC Corporation are some of the prominent companies operating in the industry. These industry players are providing numerous cloud-based solutions in line with the increasing demand for flexible office spaces, such as voice and video conferencing, instant messaging (IM), and data management, which can help workers exchange and access information remotely.
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Questions answered in thebusiness communication systemsmarket research report:
Business Communication Systems Market Report Highlights
Aspects | Details |
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By Platform |
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By Deployment Model |
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By Application |
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Key Market Players | Aastra, Alcatel-Lucent, At&T, Cisco, Connect solutions, Hewlett-Packard, IBM, Microsoft, Siemens Enterprise Communications, Verizon Communications |
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