Business

Global unified communications market hits $11.5bn

IANS

As businesses increased their spending on secure, scalable communications and collaboration solutions and apps to support work-from-home (WFH) employees, the global unified communications and collaboration (UC&C) revenue grew 25.1 per cent (year over year) to reach $11.5 billion in the second quarter this year, according to a new IDC report.

Microsoft’s global revenue reached $4 billion, up 19.5 per cent over the first quarter and representing 35.2 per cent of the total global UC&C market in the second quarter.

With 11.1 per cent market share, Cisco’s worldwide revenue was $1.3 billion, up 11.7 per cent quarter over quarter.