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The UC 2.0 System Integration Market is projected to grow by USD 20.68 billion from 2024-2028, driven by benefits boosting revenue, AI-powered market evolution highlighted- Technavio report

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NEW YORK, Sept. 2, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global UC 2.0 system integration market size is estimated to grow by USD 20.68 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.52% during the forecast period. Benefits of UC 2.0 system integration is driving market growth, with a trend towards increased adoption of byod policies. However, data privacy and security concerns poses a challenge. Key market players include ALE International, Avaya LLC, Cisco Systems Inc., ECOSMOB TECHNOLOGIES PVT. LTD., GAVS Technologies NA Inc., Gurusons Communications Pvt. Ltd., International Business Machines Corp., Jampottech, Matrix Comsec, Microsoft Corp., Mitel Networks Corp., NAKA, NEC Corp., Proven IT, Ribbon Communications Inc., Telefonaktiebolaget LM Ericsson, TrueConf LLC, VISIONOSS Ltd., Wroffy, and Zoom Video Communications Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

Segment Covered

Component (Service, Hardware, and Software), Solution (Data communication solutions, Voice communication solutions, Video communication solutions, Collaboration solutions, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

ALE International, Avaya LLC, Cisco Systems Inc., ECOSMOB TECHNOLOGIES PVT. LTD., GAVS Technologies NA Inc., Gurusons Communications Pvt. Ltd., International Business Machines Corp., Jampottech, Matrix Comsec, Microsoft Corp., Mitel Networks Corp., NAKA, NEC Corp., Proven IT, Ribbon Communications Inc., Telefonaktiebolaget LM Ericsson, TrueConf LLC, VISIONOSS Ltd., Wroffy, and Zoom Video Communications Inc.

Key Market Trends Fueling Growth

The UC 2.0 system integration market is growing steadily as businesses seek to enhance their communication and collaboration capabilities. Integration of UC 2.0 systems allows organizations to unify various communication channels, including voice, video conferencing, and messaging, into one platform. This streamlines workflows, improves productivity, and fosters better teamwork. Major players in the market include Microsoft, Cisco, and Avaya, offering innovative solutions to meet diverse business needs. 

In today’s digital age, Unified Communication (UC) 2.0 systems are trending in IT and telecom, revolutionizing communication for businesses. Real-time communication tools like voice, video, and messaging on platforms enable productivity, no matter the device or location. Communication channels have evolved, with cloud-based solutions becoming increasingly popular due to the COVID-19 pandemic and the rise of remote working and virtual teams. Large enterprises are integrating communication systems for cost reduction, scalability, and efficiency. UC 2.0 systems include on-premises infrastructure and cloud-based solutions, with local servers and remote servers catering to different business needs. Telephony, conferencing, email and messaging, collaboration applications, contact centers, and CEBP are essential UC 2.0 features. The healthcare industry (iHealthcare) and retail sectors are major adopters, leveraging AI and IoT for digitalization. UC 2.0 systems offer cost savings, real-time communication, and collaboration, making them essential for businesses in the digital age. The on-premises market and cloud-based market continue to coexist, with hardware, communication services, and internet connectivity playing crucial roles.

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Market Challenges

The UC 2.0 System Integration market refers to the business of combining various communication and collaboration systems to function as a cohesive unit. This integration streamlines workflows, enhances productivity, and improves overall business efficiency. Companies are increasingly investing in UC 2.0 solutions to facilitate seamless communication and collaboration among teams, both internally and externally. This integration also enables the use of advanced features such as video conferencing, instant messaging, and call routing, making business interactions more convenient and effective.The UC 2.0 System Integration Market is experiencing significant growth due to the increasing demand for integrated communication systems in various industries. The COVID-19 pandemic has accelerated this trend, with more businesses adopting digitalization and remote work solutions. IT and telecom companies are at the forefront of this shift, providing solutions for healthcare (iHealthcare), retail, and other sectors. Artificial intelligence (AI) and Internet of Things (IoT) are key technologies driving the market. Large enterprises are turning to cloud-based unified communication systems for cost reduction, scalability, and efficiency. On-premise infrastructure still holds a significant market share, but cloud-based solutions are gaining popularity due to their flexibility and ease of use. The market is segmented by industry chain, technology, and deployment model. Communication services, including telephony, conferencing, email and messaging, collaboration applications, contact centers, and CEBP, are in high demand. Hardware, local servers, remote servers, internet connectivity, and communication services are all essential components of UC 2.0 systems. The industry chain includes hardware manufacturers, software vendors, system integrators, and communication service providers. The market faces challenges such as interoperability issues, security concerns, and the need for standardization. Despite these challenges, the future looks bright for the UC 2.0 System Integration Market.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This uc 2.0 system integration market report extensively covers market segmentation by

Component1.1 Service1.2 Hardware1.3 SoftwareSolution2.1 Data communication solutions2.2 Voice communication solutions2.3 Video communication solutions2.4 Collaboration solutions2.5 OthersGeography3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Service- The UC 2.0 system integration market is growing as businesses seek to enhance communication and collaboration through unified communications solutions. Integrators play a crucial role in implementing these systems, connecting various platforms such as voice, video conferencing, and messaging. This integration streamlines processes, improving productivity and efficiency for organizations. Integrators ensure seamless interoperability between different applications and devices, enabling a more connected and productive workforce.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data ( – ) – Download a Sample Report

Research Analysis

The UC 2.0 System Integration Market encompasses a range of communication tools and platforms that enable productivity and real-time communication among teams and organizations. These solutions integrate various communication channels, including voice, video, messaging, and email, across devices and locations. Cloud-based solutions and telephony systems are popular choices, offering cost reduction, scalability, and efficiency for large enterprises. Unified communication platforms provide a single interface for managing all communication needs, while collaboration applications and contact centers streamline teamwork and customer engagement. CEBP (Communication-Enabled Business Processes) and on-premises infrastructure are also part of the market, offering customization and control for organizations. Overall, the UC 2.0 System Integration Market aims to enhance communication and collaboration, driving business success in the digital age.

Market Research Overview

In the digital age, UC 2.0 system integration market has gained significant traction, driven by the need for communication tools and platforms that enhance productivity and facilitate real-time communication. The market caters to various sectors including IT and telecom, healthcare, retail, and more, with solutions ranging from communication channels like voice, video, and messaging, to devices and locations. Cloud-based solutions are increasingly popular due to their scalability, cost reduction, and accessibility from anywhere, anytime. The market is segmented into On-Premise and Cloud-Based, with the latter experiencing rapid growth. Integrated communication systems have become essential for remote working and virtual teams, especially in the wake of the COVID-19 pandemic. Technology advancements such as artificial intelligence, Internet of Things, and digitalization are also transforming the market. Key segments include communication services, telephony, conferencing, email and messaging, collaboration applications, contact centers, and CEBP. The industry chain involves hardware, local servers, remote servers, internet connectivity, and communication tools. Large enterprises benefit from the efficiency and cost savings offered by these systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentServiceHardwareSoftwareSolutionData Communication SolutionsVoice Communication SolutionsVideo Communication SolutionsCollaboration SolutionsOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

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