The North America Enterprise Voice Communication Equipment Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030).
Devices or systems used to send and receive audio signals with the objective of human interaction are referred to as enterprise voice communication equipment. It includes a broad range of tools and technologies that allow individuals to have spoken conversations over short or large distances. Using this technology, people can communicate and share information in real-time by capturing, processing, transmitting, and reproducing voice signals.
Market growth is anticipated to be fuelled by the rising demand for Unified Communication and Collaboration (UC&C) solutions. Organizations are becoming more aware of how crucial excellent communication and collaboration are to streamline processes and boost productivity. The integrated platforms offered by UC&C solutions combine different communication channels like voice, messaging, video, and file sharing. No matter where they are physically located, partners, employees, and customers may communicate and collaborate in real-time because of enterprise voice communication tools like IP phones and conference systems.
According to updated American Community Survey (ACS) 1-year projections for 2021 released by the U.S. Census Bureau, the proportion of persons who spend most of their working hours at home tripled between 2019 and 2021, rising from 5.7% (approximately 9 million people) to 17.9% (27.6 million people). The biggest proportion of home-based workers amongst states or state equivalents in 2021 was found in the District of Columbia, where over half (48.3%) of workers were employed. The demand for user-friendly and affordable browser-based communication solutions is also expanding, so top market players are attempting to penetrate this region with unified along with integrated communication solutions.
The North America market dominated the Global Enterprise Voice Communication Equipment Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,789.6 million by 2030. The Europe market is experiencing a CAGR of 5.9% during (2023 - 2030). Additionally, The Asia Pacific market would exhibit a CAGR of 7% during (2023 - 2030).
Based on Component, the market is segmented into Solution and Services. Based on Type, the market is segmented into IP Phones, Soft Phones, Smartphones, Tablets, and Others. Based on Network Equipment, the market is segmented into Private Branch Exchange, Router, Switches and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Industry, the market is segmented into IT & Telecom, BFSI, Retail, Hospitality, Healthcare, Transportation & Logistics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Enterprise Voice Communication Equipment Market is Projected to reach USD 11.4 Billion by 2030, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), 8x8, Inc., ADTRAN, Inc., Speedflow Communications Ltd., MDS Gateways, PanTerra Networks, Siemens AG.
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By Network Equipment
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