Market Size of Enterprise Communication Infrastructure Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 95.06 Billion |
Market Size (2029) | USD 214.26 Billion |
CAGR (2024 - 2029) | 17.65 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Enterprise Communication Infrastructure Market Analysis
The Enterprise Communication Infrastructure Market size is estimated at USD 95.06 billion in 2024, and is expected to reach USD 214.26 billion by 2029, growing at a CAGR of 17.65% during the forecast period (2024-2029).
The rising need to upgrade outdated IT communication infrastructure drives organizations to invest in the enterprise communication infrastructure market.
The primary driver behind the investments in the enterprise communication infrastructure market has been the continuous evolution and application of new and advanced communication technologies. Moreover, the growing demand for advanced collaboration tools, the rising adoption of cloud-based communication solutions, and the increasing emphasis on digital transformation are estimated to drive the market growth opportunities considerably.
Also, the growing smartphone penetration rate, owing to the rising BYOD policies worldwide, is expected to provide immense growth opportunities for the enterprise communication infrastructure market during the forecast period.
The adoption of cloud services also continues to influence enterprise spending. Cloud-based solutions are also helping organizations create a more effective unified platform for internal and external communication. The growing adoption of cloud services, especially among SMEs, promotes further market development.
In September 2023, Ericsson declared a key milestone in the company's strategy to build a global network platform business with network APIs. Ericsson and Deutsche Telekom (DT) introduced a commercial partnership to provide communication and network APIs to enterprises and developers. Creating a global platform to expose advanced 5G capabilities, including quality on demand, latency, speed, and location through easy-to-consume network APIs, is one of the significant components of Ericsson's enterprise strategy. This would enable developers and enterprises to combine network features into their applications, enhancing enterprise digitalization and building new ways for operators to monetize their overall network investments.
However, the growing data security concerns and poor IT infrastructure, especially in developing regions, are some factors that can restrain the market growth during the forecast period.
Enterprise Communication Infrastructure Industry Segmentation
Enterprise communication infrastructure includes server-based products and software providing a central platform for business communications. A key part of the enterprise communication proposition is the promise of a more consistent user experience across a wider range of communications channels and features. The critical task is to tightly integrate the server-based communications products and application functionality into a UC infrastructure.
The enterprise communication infrastructure market is segmented by deployment (on-premise and cloud), end user (IT and telecom, manufacturing, and BFSI), application (consumer experience, enterprise collaboration, and digital business), and geography. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Deployment | |
On-premise | |
Cloud |
By Application | |
Consumer Experience | |
Enterprise Collaboration | |
Digital Business | |
Other Applications |
By End User | |
IT and Telecom | |
Manufacturing | |
BFSI | |
Healthcare | |
Government | |
Retail | |
Other End Users |
Geography | |
North America | |
Europe | |
Asia | |
Australia and New Zealand | |
Latin America | |
Middle East and Africa |
Enterprise Communication Infrastructure Market Size Summary
The enterprise communication infrastructure market is poised for significant growth, driven by the need to modernize outdated IT communication systems and the continuous evolution of advanced communication technologies. The increasing demand for collaboration tools, the widespread adoption of cloud-based solutions, and a strong focus on digital transformation are key factors propelling market expansion. The rise of BYOD policies and smartphone penetration further enhances growth opportunities, as organizations seek to leverage these technologies for improved communication and collaboration. Cloud services play a crucial role in this landscape, offering flexible and scalable solutions that enable businesses to streamline operations and reduce costs. The shift from traditional on-premise systems to cloud-based communication services allows companies to scale their infrastructure efficiently, supporting the need for remote work and global connectivity.
North America is expected to lead the global enterprise communication infrastructure market, largely due to the presence of major industry players and high cloud adoption rates in the region. The competitive landscape is characterized by a high level of rivalry, with both established and emerging players striving to innovate and capture market share. Strategic partnerships and collaborations, such as those between Bandwidth Inc. and Miratech, as well as Ericsson and Google Cloud, are instrumental in enhancing service offerings and expanding market reach. The market remains fragmented, with key players like Cisco, IBM, and Microsoft driving advancements through strategic initiatives and technological innovations. Recent developments, including the introduction of new platforms and services, underscore the dynamic nature of the market and its potential for continued growth.
Enterprise Communication Infrastructure Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Deployment
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2.1.1 On-premise
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2.1.2 Cloud
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2.2 By Application
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2.2.1 Consumer Experience
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2.2.2 Enterprise Collaboration
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2.2.3 Digital Business
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2.2.4 Other Applications
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2.3 By End User
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2.3.1 IT and Telecom
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2.3.2 Manufacturing
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2.3.3 BFSI
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2.3.4 Healthcare
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2.3.5 Government
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2.3.6 Retail
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2.3.7 Other End Users
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia
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2.4.4 Australia and New Zealand
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2.4.5 Latin America
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2.4.6 Middle East and Africa
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Enterprise Communication Infrastructure Market Size FAQs
How big is the Enterprise Communication Infrastructure Market?
The Enterprise Communication Infrastructure Market size is expected to reach USD 95.06 billion in 2024 and grow at a CAGR of 17.65% to reach USD 214.26 billion by 2029.
What is the current Enterprise Communication Infrastructure Market size?
In 2024, the Enterprise Communication Infrastructure Market size is expected to reach USD 95.06 billion.