MarketsandMarkets forecasts the global Enterprise Collaboration Market size to grow from USD 47.2 billion in 2021 to USD 85.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period. Enterprise collaboration tools that utilize cloud services store all files and important information in a centralized location. Cloud services enable syncing all the changes made in real-time to enhance collaboration in organizations. Hence, organizations are spending more toward the adoption of cloud services.
The key and emerging market players in the enterprise collaboration market include IBM (US), Microsoft (US), Cisco (US), Adobe (US), Google (US), Citrix (US), Slack (US), Facebook (US), Salesforce (US), Atlassian (Australia), Igloo (Canada), Jive (US), VMware (US), SAP (Germany), Mitel (Canada), RingCentral (US), TIBCO Software (US), Zoho (US), Jalios (France), Jamespot (France), Box (US), Bynder (Netherlands), Axero (US), BlueKiwi (France), Whaller (France), Dropbox (US), Kaltura (US), Asana (US), Clickup (US), and Chanty (US). These players have adopted various strategies to grow in the global enterprise collaboration market.
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IBM is one of the leading providers of enterprise collaboration solutions and services. The company provides their workplace collaboration services, which improve business communication and complexities associated with collaboration services offered overcloud. Using Microsoft-based solutions and SaaS-based delivery options, IBM offers a cost-effective and secured workplace collaboration system to enhance the productivity and innovation of employees. In April 2019, IBM launched its new automation functionality for Aspera on the cloud for early access customers. These new automation capabilities served as a powerful solution for managing cloud-based workflows.
Google is another leading enterprise collaboration solutions provider. The company offers its Google Workspace which is a suite of applications to enhance productivity and collaboration for organizations. The Google Workspace plan provides solutions that help with real-time collaboration and machine intelligence to help enterprise customers work smarter. In May 2021, Google partnered with SpaceX to deliver secure global connectivity using SpaceX’s Starlink to provide high-speed connection across Google Cloud’ infrastructure. This would provide businesses with seamless and secure access to the cloud.
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Enterprise Collaboration Market by Component (Solutions (Enterprise Video, Project Management and Analytics, Unified Messaging, Business Process Management), Services), Deployment Type, Organization Size, End-User, and Region - Global Forecast to 2026
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According to a research report "Enterprise Collaboration Market by Component (Solutions (Enterprise Video, Enterprise Social Network, Project Management and Analytics, Unified Messaging), Services), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the global enterprise collaboration market size is projected to grow from USD 31.0 billion in 2019 to USD 48.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.2% during the forecast period.
The adoption rate of enterprise collaboration is expected to grow, owing to increasing use of social networking websites and increasing usage of mobile devices for enterprise collaboration.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=130299553Browse 59 market data Tables and 45 Figures spread through 159 Pages and in-depth TOC on "Enterprise Collaboration Market - Global Forecast to 2024" Project management and analytics segment to grow at the highest CAGR during the forecast periodA project management and analytics solution defines, executes, and manages business processes using a software.
The project management solutions enable organizations to govern the progress of numerous activities associated with a business procedure.
Moreover, a significant adoption of video conferencing among end users of telecommunication companies is expected to fuel the adoption of enterprise collaboration solutions in upcoming years.Enquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=130299553Asia Pacific to account for the highest CAGR duringthe forecast periodAsia Pacific (APAC) is expected to become a high potential market for enterprise collaboration, owing to the growing need for robust collaboration and enhanced decision-making across organizations.
The presence of regional solution providers is high in this region, and they offer multiple offerings with attractive pricing packages.
Major contributors to the APAC enterprise collaboration market are China, Japan, Australia and New Zealand (ANZ), Singapore, and the rest of APAC.In the enterprise collaboration market, key and emerging market players include IBM (US), Microsoft (US), VMware (US), Atlassian (Australia), Cisco Systems (US), Google (US), Adobe Systems (US), Facebook (US), Igloo Software (Canada), Jive Software (US), Mitel Networks (Canada), Salesforce (US), and SAP (Germany), Slack Technologies (US), Tibco Software (US), Bynder (Netherlands), Axero Solutions (US), Kaltura (US), Zoho Corporation (US), Highfive (US), Synacor (US), Limeade (US), HighQ Solutions (UK), Jostle (Canada), and Fuze (US).Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=130299553About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Global Enterprise Collaboration Market, By Component (Solutions, Services), By Type (Asynchronous, Synchronous), By Organization Size (Large Enterprises, SMEs), By Deployment (Cloud, On-Premise), By Vertical (BFSI, IT & Telecommunications, Retail, Healthcare, Travel & Hospitality, Transportation & Logistics, Government, Energy & Utilities, Education, Others) - Industry Forecast till 2024Market HighlightsAdoption of enterprise collaboration tools has been getting a boost in the recent years with key players such as Slack Technologies, Microsoft Corporation, and Facebook Inc. releasing featured upgrades enabling their collaboration software to work efficiently for enterprise users.
In May 2019, Microsoft Corporation also made interface changes to its Teams collaboration tool, permitting administrators to let quickly add or remove team members, and change user settings and make changes across the whiteboard.
Growth and development of various enterprise platforms and tools such as Blink mobile app, Jira software, Smartsheet platform among others is expected to drive the market across the globe.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8018Key PlayersMRFR recognizes the key players in the global enterprise collaboration market as – VMware, Inc. (Dell Technologies), Adobe Inc., Cisco Systems, Inc., Atlassian Corporation Plc, Facebook, Inc., Microsoft Corporation, Igloo Software, Jive Software, Mitel Networks Corporation, Salesforce.com, Inc., SAP SE, Slack Technologies, TIBCO Software Inc., Google LLC, and IBM Corporation.The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio.
There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.Key SegmentsAccording to Market Research Future, the enterprise collaboration market has been segmented on the basis of component, type, organization size, deployment, vertical, and region.By component, the market has been segmented into, solutions and services.By type, the market has been segmented into asynchronous and synchronousBy organization size, the market has been segmented into Large enterprises and SMEs.By deployment, the market has been segmented into cloud and on-premiseBy vertical, the market has been segmented into BFSI, IT & telecommunications, retail, healthcare, travel & hospitality, transportation & logistics, government, energy & utilities, education, and others.Regional AnalysisThe global market for enterprise collaboration is estimated to grow at a significant rate during the forecast period from 2018 to 2024.
The geographical analysis of enterprise collaboration market has been done for North America (the US, Canada, Mexico), Europe (the UK, Germany, France, Spain, Italy, the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).Among these, the North America region dominates the market due to the presence of key market players such as IBM Corporation, Microsoft Corporation, Oracle Corporation, and others offering cloud-based enterprise collaboration solutions and services which is accelerating the market growth in this region.
North America region is expected to experience a surge in embracing cloud-based enterprise solutions across various sectors mainly BFSI, IT & telecom and healthcare.
OverviewThe enterprise collaboration software market is projected to grow at a CAGR of 15.23% during the forecast period.
As per the enterprise collaboration software market research report, the global market for enterprise collaboration is projected to grow swiftly by US$ 69.93 Billion by 2024.
The global market for enterprise collaboration software market is also covered based on type segment which is further split into asynchronous and synchronous.
Additionally, the market on the basis of component, is segmented into solutions and services.Major elements such as security concerns could obstruct the enterprise collaboration software market growth.
The enterprise collaboration market research report provides an extensive understanding of the enterprise collaboration market based on the information and forecasts till 2024.Complete Report Details @ https://www.marketresearchfuture.com/reports/enterprise-collaboration-market-8018 Regional OverviewNorth America, Europe, Asia Pacific and the rest of the world regional market for enterprise collaboration are predominantly covered in the global enterprise collaboration market research report.
Furthermore, the global enterprise collaboration market report offers an all-inclusive analysis of the market collected from the enterprise collaboration market’s primary and secondary sources covering both decision makers and thought leaders.
