Worldwide Unified Communication as-a-Service in Energy Industry to 2026 - Improvement of Communication Technology is Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Unified Communication as-a-Service in Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The unified communication-as-a-service in energy market is anticipated to register a CAGR of 10% over the forecast period (2021 - 2026).

Companies Mentioned

• Verizon Enterprise Solutions, LLC
• Google LLC
• West Corporation
• Cisco Systems, Inc.
• Microsoft Corporation
• Avaya Inc.
• Alcatel-Lucent (Nokia Corporation)
• International Business Machines Corporation
• BT Group plc
• Polycom, Inc.

Key Market Trends

Proliferation of Cloud Based Ecosystem to Drive the Market Growth

• The companies are increasingly making essential files and data accessible through cloud, which in turn has led to the proliferation of the BYOD trend. The energy companies are also following suit, and given the globalised nature of their business, remote access of data becomes an important feature for this industry. With the increasing cuts on Oil prices by OPEC and falling revenues, enterprises are searching for ways that cut down on expenses and has the potential to generate internal revenues.
• Encouraging employees to use their own devices is an efficient way of adding capacity to your IT infrastructure. BYOD enables employees to work away from the office while still being able to access the system over the internet by accessing data and files they need. For example, Team Sites, which comes with Office 365, allows employees to improve collaboration while in different locations, editing documents simultaneously and taking part in online conferences.
• A new report from iPass, a commercial Wi-Fi network service provider, indicates that 70 per cent of mobile workers adapt their companies' bring your own device (BYOD) policies. For some, BYOD is a must. This trend will also get increasingly reflected in the energy industry, as the lines between office and private spaces get blurred.

North America to Remain the Largest Market

• North America region will lead the global UCaaS market during the forecast period as well as remain the major revenue contributor, on account of the emergence of huge tech-savvy employees and improved infrastructure in the region. The demand in UCaaS is expected to surge in the coming years owing to growth in investment by enterprises in this region.
• The US has one of the fastest growing energy markets in the world with many of the major companies of the world headquartered their. These companies are cash rich and tech savvy and hence will lead to the adoption of any new technology in the unified communications segment.
• The US Energy Information Administration Data released in June 2019 states that U.S. crude oil production reached a record 11.0 million barrels per day in 2018 and is expected to increase by 1.4 million barrels per day in 2019 and by almost 0.9 million barrels per day in 2020, with 2020 production averaging at around 13.3 million barrels per day.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Introduction to Market Dynamics

4.3 Market Drivers

4.3.1 Proliferation of Cloud Based Ecosystem will Act as a Driver

4.3.2 Improvement of Communication Technology

4.4 Market Restraints

4.4.1 Data Security Concerns will Remain a Challenge to the Growth of the Market

4.5 Industry Value Chain Analysis

4.6 Industry Attractiveness - Porter's Five Force Analysis

4.6.1 Threat of New Entrants

4.6.2 Bargaining Power of Buyers/Consumers

4.6.3 Bargaining Power of Suppliers

4.6.4 Threat of Substitute Products

4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Component

5.1.1 Telephony

5.1.2 Collaboration

5.1.3 Unified Messaging

5.1.4 Conferencing

5.1.5 Other Services

5.2 By Deployment Model

5.2.1 Private

5.2.2 Public

5.2.3 Hybrid Model

5.3 By Enterprise Size

5.3.1 Large Enterprise

5.3.2 Small & Medium Enterprise

5.4 Geography

5.4.1 North America

5.4.2 Europe

5.4.3 Asia-Pacific

5.4.4 Latin America

5.4.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Verizon Enterprise Solutions, LLC

6.1.2 Google LLC

6.1.3 West Corporation

6.1.4 Cisco Systems, Inc.

6.1.5 Microsoft Corporation

6.1.6 Avaya Inc.

6.1.7 Alcatel-Lucent(Nokia Corporation)

6.1.8 International Business Machines Corporation

6.1.9 BT Group plc

6.1.10 Polycom, Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/2tcc03