Enzymes Market Is Likely To Reach Around $17.50 Billion By 2024

San Francisco, 24 Apr 2019  - The global enzymes market is expected to reach USD 17.50 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for enzymes in food & beverage products as they improve quality and eliminate deficiencies in the products is expected to propel industry growth in the near future.

Increasing demand for bioethanol and biodiesel in emerging economies including India, Brazil, and Thailand will augment industry growth over the forecast period. Growing number of government investments along with R&D activities in industrial enzymes will drive demand over the next eight years.

Rising population along with rising living standard will drive processed foods demand, which in turn will stimulate industry expansion. In addition, emerging protein design algorithms, along with growing inexpensive DNA sequencing technology will open new market avenues over the next seven years.

Carbohydrases accounted for 47.7% of the global market share in 2015, dominating the enzymes industry and the segment is expected to show significant growth in light of high usage in animal feed, textile, food & beverages, and pharmaceutical applications. Moreover, mounting usage of artificial sweeteners, prebiotic products, and juices is expected to fuel product demand over the forecast period. 

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/enzymes-industry 

Further key findings from the report suggest

• Specialty enzymes are anticipated to witness the fastest growth at a CAGR of 9.2% from 2016 to 2024 on account of increasing awareness regarding therapies for chronic diseases, along with growing incidences of digestive enzyme disorders. Moreover, increasing usage of the ingredient for diagnostic solutions is expected to augment growth. Chemical reactions in research & biotechnology are accelerated by making the use of enzymes. They also optimize the yield of the production processes, which is expected to bolster demand over the forecast period.
• Animal feed is likely to witness significant growth at a CAGR of 9.0% from 2016 to 2024 as a result of mounting demand for swine, bovine, poultry and aquaculture species. Growing global meat production coupled with rising health concern regarding meat quality will augment animal feed demand, which is expected to stimulate industry expansion.
• North America enzymes market was valued at USD 3.59 billion in 2015 and will show high gains in light of favorable government policies along with a robust manufacturing base in the U.S. Growing demand for animal feed and biofuels in the U.S. is expected to drive market size.
• Latin America accounted for 8.3% of the overall enzymes market and will show substantial growth in light of rapid industrialization coupled with increasing biodiesel production in Brazil and Argentina.
• Key industry players include Novozymes, Danisco, Royal DSM, BASF SE, DuPont, Lonza Group, and Advanced Enzymes Technologies Ltd. In January 2014, DuPont launched LAMINEX MaxFlow 4G enzyme, intended for increasing texture, taste and appearance of beer in beverages applications. 

Grand View Research has segmented the global enzymes market on the basis of type, product, application and region:

Global Enzymes Type Outlook (Revenue, USD Million, 2013 - 2024)

• Industrial enzymes
• Specialty enzymes

Global Enzymes Product Outlook (USD Million, 2013 - 2024)

• Carbohydrase
• Proteases
• Lipases
• Polymerases & nucleases
• Others

Global Industrial Enzymes Application Outlook (Revenue, USD Million; 2012 - 2022)

• Food & Beverages
• Detergents
• Animal Feed
• Textile
• Paper & Pulp
• Nutraceutical
• Personal Care & Cosmetics
• Wastewater

Global Specialty Enzymes Application Outlook (Revenue, USD Million; 2012 - 2022)

• Pharmaceuticals
• Research & biotechnology
• Diagnostics
• Biocatalyst

Global Enzymes Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
  • US.
  • Mexico
  • Canada
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-enzymes-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Gelatin Market Is Likely To Reach $4.08 Billion By 2024: Grand View Research, Inc.

San Francisco, 24 Apr 2019  - The global gelatin market is expected to reach USD 4.08 billion by 2024, according to a new report by Grand View Research, Inc. Increasing awareness among food & beverage manufacturers regarding self-stabilization and emulsification properties of gelatin is expected to drive demand. Growing importance of microencapsulation in pharmaceutical applications owing to its control release of active ingredients and targeted drug delivery will promote the usage of gelatin in the near future.

U.S. gelatin market, by application, 2013 – 2024 (Kilo Tons)

Food & beverage industry was the largest application segment, consuming 119.6 kilo tons of gelatin in 2015. Rising awareness towards nutritional enrichment in foods & beverages is expected to promote the use of the product in a broad range of applications including confectionaries, dairy goods, desserts and meat products.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/gelatin-market-analysis

Further key findings from the study suggest:

• The global gelatin industry was estimated at 412.7 kilo tons in 2015 and is anticipated to be 651.7 kilo tons by 2024, growing at a CAGR of 5.3% from 2016 to 2024.
• Bovine hide-based products are projected to foresee volume growth at 4.9% CAGR from 2016 to 2024. Easy water absorption and significant protein content are expected to promote the usage of the aforementioned raw material over the projected period.
• Elevated levels of peptides in gelatin are supposed to support the incorporation of the product in personal care products, particularly hair care creams, and cosmetic lotions. Rising demand for organic personal care products in Germany, UK, and the U.S. in light of increasing awareness regarding the advantages associated with natural ingredients is expected to promote the use of gelatin over the next eight years.
• North America accounted for 24.4% of the global volume market share in 2015. The presence of well-established meat manufacturers including Tyson Foods, JBF and Cargill in the U.S. on account of easy access to equipment and consumables is expected to have a favorable impact on the industry.
• Increasing demand for frozen foods in emerging markets of Turkey, Brazil, and Saudi Arabia in light of new product launches by food & beverage manufacturers is expected to open new industry avenues over the projected period.
• Key industry participants include PB Gelatin, Nikita AG, Rousselot, Capsugel Inc. and Sterling. New product development and the establishment of strategic partnerships with buyers are expected to remain critical success factors over the next eight years.

Grand View Research has segmented the global gelatin market by raw material, function, application and region:

Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Pig Skin
• Bovine Hides
• Cattle Bones
• Others

Function Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Stabilizer
• Thickener
• Gelling Agent
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Food & Beverage
  • Confectionery
  • Dairy Products
  • Meat & Poultry Products
  • Desserts
  • Beverage
  • Others
• Nutraceuticals
• Pharmaceuticals
• Photography
• Personal Care
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• North America
  • US.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• MEA
  • Saudi Arabia

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-gelatin-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Solar Tracker Market Is Graceful To Scope 26.77 GW By 2025: Grand View Research Inc.

San Francisco, 24 Apr 2019 – “Solar Tracker Market Trend Analysis By Technology (Solar Photovoltaic (PV), Concentrated Solar Power (CSP), Concentrated Photovoltaic (CPV)), By Product (Single Axis, Dual Axis), By Application (Utility, Non-utility), And Segment Forecasts, 2018 - 2025” The global Solar Tracker Market is expected to reach 26.77 GW installed capacity by 2025, according to a new report by Grand View Research, Inc. Rising demand for renewable energy in developing countries is expected to drive demand for the solar tracker. The product exhibits the ability to generate electricity in the same amount of space needed for fixed-tilt systems which make them an ideal product for optimum land usage. Solar trackers have the ability to increase the direct exposure by around 20% - 30% as they improve the precision in sunlight tracking. The major restraining factor is the high costs involved in the installation of solar trackers.

Prevalence of supporting regulations in North America is expected to be a key factor responsible for the high growth. Reduction in feed-in tariff rate has hampered market growth, however, the incentive schemes under the Italian legislative regime, highest global subsidies for RES (Renewable Energy Sources) is expected to drive market demand.

Access Full Insights And Data: www.grandviewresearch.com/industry-analysis/solar-tracker-industry

Further key findings from the report suggest

• Solar PV is the largest segment in the market growing at CAGR of over 18% in terms of capacity from 2016 to 2024 on account of simplicity in design and cost-effectiveness of the technology
• The demand for dual axis trackers is expected to grow rapidly at a CAGR of 18.7% from 2016 to 2024. The demand is driven by their ability follow the sun both horizontally and vertically.
• The demand from utility application is expected to grow at a significant CAGR reaching over 23.84 GW in 2025. These trackers are majorly used in wide areas, and therefore, it is more favorable to install them for large scale projects.
• The European capacity was 1.85 GW in 2015 and is anticipated to witness significant rise on account of numerous installations in France, Spain, Italy, Greece, and Germany.
• In April 2015, SunPower Corporation announced its plans to partner with Apple to construct two solar power projects totaling 40 MW in Qiang Autonomous Prefectures and ABA Tibetan, Sichuan Province in China.

Read Our Blog: www.grandviewresearch.com/blog/solar-tracker-market-size-share-analysis

Grand View Research has segmented the global solar tracker market on the basis of technology, product, application and region:

Technology Outlook (Capacity, Megawatts,2014 - 2025)

• Solar Photovoltaic (PV)
• Concentrated Solar Power (CSP)
• Concentrated Photovoltaic (CPV)

Product Outlook (Capacity, Megawatts; Revenue, USD Million, 2014 - 2025)

• Single axis
• Dual axis

Application Outlook (Capacity, Megawatts, 2014 - 2025)

• Utility
• Non-utility

Regional Outlook (Capacity, Megawatts, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Spain
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• MEA

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-solar-tracker-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Flavors & Fragrances Market Is Poised To Reach $28.64 Billion By 2025

San Francisco, 23 Apr 2019 -  “Flavors and Fragrances Market Size, Share & Trends Analysis Report By Product (Natural, Aroma), By Application (Flavors, Fragrances), By Region, And Segment Forecasts, 2019 - 2025” - The global flavors and fragrances market size is anticipated to reach USD 28.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.7% during the forecast period. Flavors and fragrances deliver long-lasting sensory impressions, when applied through medical products, beverage, food, and other substances. These products enrich the overall aesthetic value and appeal of consumer goods.

Flavors and fragrances are generally manufactured using essential oils and volatile chemicals to enhance existing flavors or to provide a precise flavor. The products are primarily categorized into natural and synthetic. Rising demand for natural and fresh products has added to exponential growth of the market.

Increasing demand for ready-to-eat and convenience foods, health and wellness foods coupled with technological advancements are predicted to trigger the flavors and fragrances market growth. Increasing consumer disposable income along with rapid industrialization in developing countries such as India and China is estimated to fuel the food flavors market.

Owing to the massive demand for natural products, forests have been chopped down to develop minute quantity of oil. Numerous arable lands have also been transformed into monoculture farming lands to nurture a single crop or plant gain a particular oil. This, in turn, has led to restricted availability of raw materials for natural products.

Flavor and fragrance producers operate by collaborating with artists, filmmakers, writers, musicians, and scientists to knock into artistic minds to reveal perfumes to new as well as constantly developing creative approaches and territories. Manufacturers also build creative teams which comprise fragrance perfumers, flavorists, and evaluators.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/flavors-fragrances-market

Further key findings from the report suggest:

• Aroma chemicals is projected to hold the largest share of flavors and fragrances market with more than 70.0% in terms of revenue by 2025
• Increasing cost of R&D for fragrance compounds is expected to support the demand for aroma chemicals over the forecasts period
• Essential oils are anticipated to grow as the fastest as well as largest emerging natural product segment
• Demand for orange essential oil was valued at USD 1.64 billion in 2018
• Fragrances application segment is predicted to lead the market and is projected to register a CAGR of 5.0% from 2019 to 2025
• Asia Pacific is expected to register the fastest CAGR on account of availability of raw materials and increasing demand

Grand View Research has segmented the global flavors and fragrances market on the basis of product, application and region:

Flavors and Fragrances Product Outlook (Revenue, USD Million, 2014 - 2025)

• Natural
  • Essential Oils
    • Orange
      • Limonene
      • Myrcene
      • Others
    • Corn Mint
      • Menthol
      • Menthone
      • Others
    • Eucalyptus
      • Eucalyptol
      • Limonene
      • Others
    • Pepper Mint
      • Menthol
      • Menthone
      • Others
    • Lemon
      • Pinene
      • Limonene
      • Camphene
    • Oleoresins
      • Paprika
        • Piperine
        • Others
      • Black Pepper
        • Piperine
        • Others
      • Turmeric
        • Curcumin
        • Others
      • Ginger
      • Gingerol
      • Others
    • Others
  • Aroma Chemicals
    • Esters
      • Ethyl acetate
      • Benzyl acetate
      • Ethyl benzoate
      • Methyl decanoate
      • Others
    • Alcohol
      • Lauryl alcohol
      • Menthol
      • Others
    • Aldehyde
      • Benzaldehyde
      • Vanillin
      • Others
    • Phenol
      • Ethylvanillin
      • Others
    • Others

Flavors and Fragrances Application Outlook (Revenue, USD Million, 2014 - 2025)

• Flavors
  • Confectionary
  • Convenience Foods
  • Bakery Food
  • Dairy Food
  • Beverages
  • Others
• Fragrances
  • Fine fragrances
  • Cosmetics and Toiletries
  • Soaps & Detergents
  • Others

Flavors and Fragrances Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Middle East & Africa
  • Saudi Arabia
• Central and South America
  • Brazil

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-flavors-fragrances-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Internal Combustion Engine Market Is Projected To Reach 229,439 Thousand Units By 2025

San Francisco, 23 Apr 2019 - The global internal combustion engine (ICE) market demand is expected to reach 229,439 thousand units by 2025 at a 4.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising need for fuel efficiency has resulted in engine downsizing and turbocharging, which is expected to escalate market growth over the coming years. Development of several advanced combustion modes such as homogeneous charge compression ignition (HCCI) is expected to catalyze the growth of the internal combustion engines market. The automotive ICE segment is expected to witness significant growth owing to high vehicle demand over the forecast period. Surging demand for high efficiency engines with low carbon emission is also expected to fuel segment growth.

Availability of alternative-fuel options such as propane auto gas and compressed natural gas as well as and electric vehicles is anticipated to challenge industry growth. However, a complete replacement by these substitutes may take a long time owing to the reliability and efficiency offered by IC engine technology.

To request a sample copy or view summary of this report, click the link below: 
www.grandviewresearch.com/industry-analysis/internal-combustion-engine-market

Further key findings from the study suggest:

• The petroleum segment captured the largest share by fuel type in 2017 and is expected to register a CAGR of close to 5.0% from 2018 to 2025. This growth is ascribed to increasing demand for gasoline powered vehicles as well increasing production of shale gas
• By end use, the automotive engines segment is projected to witness healthy growth over the forecast years, primarily on account of surge in demand for commercial as well as passenger vehicles
• Rising demand for submarines and ships for military applications is expected to drive the marine engines segment from 2018 to 2025
• The Asia Pacific internal combustion engines market accounted for over 40.0% of the overall market volume in 2017, fueled by high demand across the automotive segment
• Key players in this market include Volkswagen AG, General Motors, Rolls-Royce, Caterpillar Inc., Cummins, Toyota Industries Corporation, and Volvo. The industry faces several challenges owing to frequent update in government rules and regulations, making value chain analysis significant.

Grand View Research has segmented the global internal combustion engine (ICE) market on the basis of fuel, end use, and region:

Internal Combustion Engine Fuel Type Outlook (Volume, Thousand Units, 2014 - 2025)

• Petroleum
  • Diesel
  • Gasoline
  • Others
• Natural Gas
  • CNG
  • LNG
  • Others

Internal Combustion Engine End-use Outlook (Volume, Thousand Units, 2014 - 2025)

• Automotive
  • 50-200 HP
  • 200-300 HP
  • <300 HP
• Marine
  • 258-1000 HP
  • 400-1400 HP
  • 730-1800 HP
• Aircraft

Internal Combustion Engine Regional Outlook (Volume, Thousand Units, 2014 - 2025)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/internal-combustion-engine-market-analysis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Metal Cutting Machine Market Is Poised To Reach $9.79 Billion By 2025

San Francisco, 23 Apr 2019 - “Metal Cutting Machine (MCM) Market Analysis, By Product (Laser, Waterjet, Plasma, Flame), By Application (Automotive, Aerospace & Defense, Construction, Marine, Electronics), And Segment Forecasts, 2018 - 2025” - The global metal cutting machine market is expected to reach USD 9.79 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand from automotive industry has been a key factor driving market growth, globally. In addition, robust growth in various application industries such as electronics, defense, marine, construction and aerospace is also fueling the demand.

Automotive segment held the largest market share in 2016 owing to a wide-scale usage of the product in wide range of exterior and interior components of automotive such as passenger cars, SUV’s, and HUV’s. The robust growth in automotive industry across the world is further driving the segment growth. MCMs are witnessing an increasing demand, which is anticipated to spur at a faster pace on account of the rising need for advanced automatic machines to increase production efficiency and avoid operator’s hazardous issues.

Laser machine accounted as the largest product segment in 2016 and is anticipated to grow significantly over the upcoming years. Laser machines are extensively used for industrial manufacturing applications to produce high-quality surface finish objects. It is widely used in the shipbuilding and aerospace manufacturing process.

In marine industry, these machines are extensively used by the industry players for ship repair and fabrication of equipment. It consists of patrol boats, aircraft carriers, tankers, luxury liners, tugs, barges, large seagoing vessels for containers, and other cargo ships. Cutting machines are used to cut parts for hatches, skin of the vessel, block parts, stiffener plates, drains, the skeleton, and pipes.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/metal-cutting-machine-market

Further key findings from the report suggest:

• The global metal cutting machine demand was USD 5.99 billion in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025. Automotive emerged as the largest application segment in 2016 and is expected to grow at a predicted CAGR of 6.5% between 2017 and 2025.
• Global demand for flame cutting machine was USD 333.7 million in 2016 and is anticipated to witness staggered growth over the next eight years. The U.S. market in defense & aerospace segment was USD 511.1 million in 2016 and is projected to grow at rate of 4.2% from 2017 to 2025
• The market in Asia Pacific is projected to experience substantial growth over the next eight years owing to robust growth in various application industries, especially in the automotive and defense & aerospace market. In terms of revenue, the APAC market is expected to grow at a CAGR of 6.7% between 2017 and 2025
• Key players including Lincoln Electric Holdings, Inc., TRUMPF GmbH + Co. KG, Nissan Tanaka Corporation, Bystronic Laser AG, and Koike Aronson, Inc., dominated the global market.

Grand View Research has segmented the global metal cutting machine market on the basis of product, application, and region:

Metal Cutting Machine Product Outlook (Revenue, USD Million, 2014 - 2025)

• Laser Cutting Machine
• Waterjet Cutting Machine
• Plasma Cutting Machine
• Flame Cutting Machine

Metal Cutting Machine Application Outlook (Revenue, USD Million, 2014 - 2025)

• Automobile
• Defense & Aerospace
• Construction
• Marine
• Electrical & Electronics
• Others

Metal Cutting Machine Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
• Middle East & Africa 

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-metal-cutting-machine-mcm-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Unified Communications Market Is Predicted To Outshine $143.49 Billion By 2024

San Francisco, 23 Apr 2019 – “Unified Communications Market Size, Share & Trends Analysis Report By Product (On-premise, Cloud-based/Hosted), By Application (Enterprises, Education, Government, Healthcare), And Segment Forecasts, 2018 – 2024” The global unified communications market size is expected to reach USD 143.49 billion by 2024, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 16.8% during the forecast period. Expansion of organizations in international markets and growing need for real-time and efficient communication systems is expected to augment industry growth over the next few years.

Global institutional and government initiatives supporting the introduction of unified communication deployment across various industry sectors is expected to positively impact market growth. Technological advancements and surging adoption of cloud computing technologies are expected to drive demand for hosted UC solutions. Cloud-based systems are easier to maintain and provide fast and seamless communication capabilities at minimal capital expenditure. Characterized by an OPEX model and featuring quick implementation, flexibility, and automated upgrades, it is also particularly well suited for small and medium enterprises (SMEs).

Increased deployment of Artificial Intelligence (AI) assistants such as Cortana, Siri, and Alexa to predict consumer behavior and guide customer service to solve a problem is also projected to benefit the market. Such virtual assistants are expected to witness greater deployment of bots as an authentic alternative to human interaction for customer service. Additionally, merging of traditional telecom and IT functions along with emergence of convergence has enabled several businesses to become familiar with UC and Voice over Internet Protocol (VoIP) concepts.

Furthermore, enterprises are planning to converge their unified communication applications around a single vendor, with most choosing Microsoft Corporation and Cisco Systems, Inc. For instance, Comcast Business has offered integration between its cloud phone service, business voice edge, and Microsoft Office 365, making it possible for Office 365 to receive or initiate calls from Outlook. This integration has allowed users to make phone calls while responding to an email.

Moreover, emergence of Web Real-Time Communication (WebRTC) technology has enabled users to join web conferences or make calls without needing to download any plug-ins or additional software. WebRTC intends to offer economical real-time communication options with less of human resource investment. WebRTC surpasses web conferencing and VoIP by offering click-to-call capabilities as witnessed on Amazon’s Mayday button, which enables visitors to make free video or voice calls directly to a business through the Internet browser.

To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/unified-communication-market

Further key findings from the report suggest:

• On-premise UC solutions dominated the industry with a share of over 55.0% in 2016. Growth can be attributed to ease of customization and control they offer
• The enterprise application dominated the industry in 2016 accounting for a share of over 50.0%. Increased adoption of UC across various industry verticals contributes to segment growth
• The Asia Pacific region captured a share of more than 24.0% in 2016. Increasing modernization and industrialization in the region, with significant contribution from China and India, has led to a surge in adoption of UC solutions
• Key players in the industry include Cisco Systems Inc.; Microsoft Corporation; IBM Corporation; Verizon Communications Inc.; and Polycom Inc.

Grand View Research has segmented the global unified communications market on the basis of product, application, and region:

Unified Communications Product Outlook (Revenue, USD Billion, 2012 - 2024)

• On-premise
• Cloud-Based/Hosted

Unified Communications Application Outlook (Revenue, USD Billion, 2012 - 2024)

• Enterprises
• Education
• Government
• Healthcare
• Others

Unified Communications Regional Outlook (Revenue, USD Billion, 2012 - 2024)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• South America
  • Brazil
• Middle East and Africa (MEA)

Browse Press Release of this Report: www.grandviewresearch.com/industry-analysis/unified-communication-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com