Enterprise Collaboration Market:
Growth opportunities in the Enterprise Collaboration Market look promising over the next six years. This is mainly due to the increasing awareness about several benefits, such as allowing optimal productivity and performance and escalating use of mobile devices.
Enterprise Collaboration Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
One of the prominent drivers responsible for the growth of the global enterprise collaboration market includes the transpiring drift towards the adoption of BYOD and other mobile solutions. Also, the augmenting emphasis on adaptability and network availability has raised this trend. The accelerating volume of data and data centers across different industry verticals led by the swift digitalization and deployment of cloud-based solutions has further strengthened the market size. In addition, the growing penetration of mobile devices and social networking websites for partnership, primarily during the past decade. Enterprise social collaboration (ESC) solutions have enabled individuals to connect with each other from different parts of the world. In addition, the surging consciousness related to the enormous advantages of these solutions, such as maximizing performance and productivity, reducing travel and phone costs, and offering flexibility and agility to corporations.
Furthermore, the widespread outbreak of the coronavirus pandemic has positively influenced the market growth. This is because the emergence of the virus persuaded businesses to endorse the trend of work from home, which in turn raised the demand for collaboration tools. Large organizations are increasingly encouraging the employment of these tools for employees who are working from their homes. The Microsoft Teams platform, in the week from March 11 to March 18, 2020, spotted 12 million new users in addition to its daily basis. Moreover, in the same year, Microsoft launched new Teams features designed to improve the distant meeting experience.
Organization Size Segment Drivers
Based on the organization size, large enterprises are projected to lead the market during the forecast period. This is mainly owing to the expanding utilization of these solutions to permit companies to supervise the progress of various activities related to business procedures. Moreover, it allows the team to communicate through a single platform. Additionally, the mounting number of businesses, along with the rapid digitization in several industries, has further motivated businesses to choose these solutions.
Enterprise Collaboration Market’s leading Manufacturers:
- PagerDuty Inc.
- Google LLC
- Atlassian
- Microsoft
- Igloo Software
- Adobe
- Cisco Systems, Inc.
- VMware, Inc.
- IBM Corporation
Enterprise Collaboration Market Segmentation:
Segmentation by Deployment
- Cloud
- On-Premise
Segmentation by End-Use Industry
- IT and Telecom
- Banking, Finance, and Insurance
- Retail
- Education
- Healthcare
- Manufacturing
- Others
Segmentation by Organization Size
- Small and Medium Enterprises
- Large Enterprises
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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