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The unified communications market is growing at an accelerated pace amid the pandemic
The pandemic has had a huge impact on the information technology market. While many IT sectors have been hit by the spread of the coronavirus, some have benefited. The latter included the segment of products and services for unified communications and collaboration (Unified Communications & Collaboration, UC&C).
According to International Data Corporation (IDC) estimates, the UC&C industry has shown rapid growth in the last quarter and 2021 as a whole. This is explained by the fact that users around the world in the conditions of remote work and distance learning required effective tools for interaction.
It is estimated that in the period from October to December inclusive, revenue in the designated sector reached $ 13.1 billion. This is an impressive 29.2% more compared to the last quarter of 2021.
At the end of 2021, the overall market volume amounted to $ 47.2 billion, which corresponds to an increase of 24.9% compared to the previous year. In other words, amid the pandemic, UC&C costs jumped by a quarter.
More than a third of the global UC&C market at the end of 2021 was occupied by Microsoft with a share of 34.2%. Cisco is in second place with a score of 10.5%. Well, Zoom closes the top three, receiving a share of 5.5%. Next are Avaya and RingCentral — 2.6% and 1.9% respectively. Thus, these five companies control more than half of the global UC&C industry.