Frost & Sullivan: Recession Driving European Cloud-based UC Services Market
LONDON, Feb. 23 -- The economic downturn has had a significant impact on the enterprise communications market in Europe. Companies have limited capital available for investment but are, at the same time, considering unified communications (UC) deployment as they look for ways to cut costs and increase productivity. Recession has generated strong interest in alternative delivery methods.
New analysis from Frost & Sullivan, European Cloud-based Unified Communications Services Market, finds that the market earned revenues of euro 46.9 million in 2009 and estimates this to reach euro 1.6 billion in 2014, growing at a compound annual growth rate (CAGR) of 79.3 per cent.
"Down economy favouring OPEX-based solutions coupled with market's need for flexibility and focus on core competencies, all boost cloud-based UC services adoption," notes Frost & Sullivan Research Analyst Dorota Oviedo. "Both small businesses and large enterprises are interested in communications delivered as a service."
Click the following link to read the full release: Recession Drives Cloud-based Unified Communications Services Market in Europe, States Frost & Sullivan