UK domestic mergers and acquisitions market set to drive UCaaS growth in 2020
The UK domestic mergers and acquisitions (M&A) market was worth £2.8 billion in Q2 2019 and the inward (foreign companies purchasing UK based firms) M&A market was even higher, valued at a whopping £18.4 billion.
With deals of this magnitude taking place, a key focus for businesses will be the smooth integration of their workforces and creating effective lines of communication to blend existing teams – enabling businesses to develop a united front moving into 2020.
To facilitate these lines of communication, video conferencing will become the go-to method for meetings, and vital to keeping a fast-paced, cosmopolitan team in contact, while remaining completely hassle-free. However, in this technological age, the reality is that even if you are in the same building, this doesn’t mean you’ll be meeting in person! M&As invariably mean office moves and, in some instances, the purchase of entire buildings or multi-story offices, increasing the need for a communications platform or even purely video. As the workforce becomes increasingly dispersed, through remote working and global acquisitions, we will start to see video conferencing become the preferred method for keeping in touch and bridging the communications gap.
This article was written by Samuel Wilson, SVP of SMB & eCommerce, Managing Director of EMEA, at 8x8