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@techeducat · 13 Feb 2024

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The Enterprise Communication Infrastructure Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2032

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

Market
CAGR for 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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