Enterprise Communication Infrastructure Market Study Report Based on Size, Shares, Opportunities, In
Author : Tech Educat | Published On : 23 Apr 2024
Enterprise Communication Infrastructure Market
Market size and growth
Enterprise Communication Infrastructure Market Size was valued at USD 81.5 Billion in 2022. The Enterprise Communication Infrastructure Market is projected to grow from USD 95.1 Billion in 2023 to USD 329.7 Billion by 2032, exhibiting a CAGR of 16.80% during the forecast period (2023 – 20320)
Key Players:
- Microsoft Corporation
- Orange SA
- Avaya Inc
- IBM Corporation
- Cisco Systems Inc
- Alcatel-Lucent SA
- Verizon Communications
- DXC technology
- NEC Corporation
- 88 Inc
- Mitel Network Corporation
- AT&T Corporation
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Market segmentation
The Enterprise Communication Infrastructure Market segmentation, based on Deployment includes On-premise and Cloud. The on-premise segment accounted for the largest share, primarily attributed to organizations maintaining control over their data through on-premise communication infrastructure. In this setup, all communication data is stored on the company's own servers and data centers.
The Enterprise Communication Infrastructure Market segmentation, based on End-User includes IT and Telecom, Manufacturing, BFSI, Healthcare, Government, Retail, and Other End Users. The retail segment dominated the market, accounting for 58% of market revenue (47.2 Billion). Companies excelling in customer engagement across various channels—such as web, mobile, social media, and in-store—retain twice as many customers compared to those without effective cross-channel customer care strategies. This motivates retailers to embrace omnichannel communication, providing customers with a seamless omnichannel experience. To craft a comprehensive and gratifying shopping experience for customers, access to a diverse array of products and organizational information is essential for corporate executives, field managers, and store employees.
Enterprise Communication Infrastructure Market Trends
Surge in demand for advanced communication technologies and the widespread adoption of remote work practices is driving the market growth
Enterprise communication infrastructure is being driven by the surge in demand for advanced communication technologies and the widespread adoption of remote work practices. The increasing necessity to modernize outdated IT communication infrastructure is compelling numerous organizations to allocate investments in the enterprise communication infrastructure market.
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