Global Enterprise Collaboration Market : Industry Size, Share, Analysis, Trend & Future Planning 2023
Bharat Book Bureau Provides the Trending Market Research Report on“Global Enterprise Collaboration Market, Forecast to 2023” underMedia & Technology category. The report provides information on industry overview, market size, latest developments, industry trends, Key Vendors, global presence, and their future prospects.
Widespread usage of social networking websites and increasing usage of mobile devices for collaboration are factors that are expected to drive theglobal enterprise collaboration market
The enterprise collaboration market is projected to grow from USD 34.57 billion in 2018 toUSD 59.86 billion by 2023, at aCAGR of 11.6% from 2018 to 2023. Factors such as widespread use of social networking websites and increasing usage of mobile devices for collaboration are expected to fuel the growth of the enterprise collaboration market across the globe. However, the high cost of implementation, difficulty in countering e-Discovery, and legal risks are key factors restraining the growth of the market.
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Based on component, the solutions segment is expected to lead the enterprise collaboration market in 2018
Based on component, the solutions segment is expected to lead the enterprise collaboration market in 2018. Effective usage of enterprise collaboration solutions can result in increased knowledge sharing among employees, as well as, enhanced productivity in organizations.
Among verticals, the IT & telecommunication segment is expected to lead the enterprise collaboration market in 2018
The IT & telecommunication vertical segment is expected to lead the enterprise collaboration market in 2018. Significant adoption of video conferencing by end-customers of IT & telecommunication companies is expected to fuel the adoption of collaboration solutions in the coming years.
The Asia Pacific enterprise collaboration market is projected to grow at the highest CAGR during the forecast period
The enterprise collaboration market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Enterprise collaboration solutions are being adopted in the Asia Pacific region at a significant rate. The growth of the Asia Pacific enterprise collaboration market is primarily driven by the growing need for robust collaboration and enhanced decision-making in organizations. Moreover, small & medium enterprises across various countries such as Australia, Malaysia, Japan, and Singapore are investing in information technology to compete, secure, and capture digital opportunities from the market. These countries are focusing on using enterprise collaboration solutions to cater to various industries such as e-commerce in the region.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the enterprise collaboration market.
- By Company Type: Tier 1: 43%, Tier 2: 14%, and Tier 3: 43%
- By Designation: C-level: 14%, D-level: 29%, and Others: 57%
- By Region: North America: 22%, Europe: 11%, Asia Pacific: 56%, and Rest of the World: 11%
Key vendors profiled in this report on the enterprise collaboration market are:
1. Adobe Systems (US)
2. Atlassian (Australia)
3. Cisco Systems (US)
4. Facebook (US)
5. Google (US)
6. IBM (US)
7. Igloo Software (Canada)
8. Jive Software (US)
9. Microsoft (US)
10. Mitel Networks (Canada)
11. Salesforce.com (US)
12. SAP (Germany)
13. Slack Technologies (US)
14. TIBCO Software (US)
15. VMware (US)
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