Global Enterprise Collaboration Market, By Component (Solution, Services), Deployment Mode (Cloud, On-Premise), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Application (Communication Tools, Coordination Tools, Conferencing Tools), End User (IT and Telecommunication, Banking, Financial Services, and Insurance, Public Sector, Energy and Utilities, Manufacturing, Healthcare, Retail and Consumer Goods, Travel and Hospitality, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Enterprise collaboration market size is valued at USD 69.10 billion by 2028 is expected to grow at a compound annual growth rate of 9.48% in the forecast period of 2021 to 2028. Data Bridge Market Research report on enterprise collaboration provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Enterprise collaboration is the sets of solutions which help employees within the business to work together and share information on projects from a variety of geographical locations. Advances may include videoconferencing, groupware and record sharing capacities.
The rise in the use of networking websites is expected to influence the growth of enterprise collaboration market over the forecast period of 2021 to 2028. Also the increase in the use of mobile devices for collaboration and rise in the adoption of enterprise collaboration solutions across enterprises to improve employee productivity are also anticipated to flourish the growth of the enterprise collaboration market. Furthermore, the rapid innovations and technological advancements and rise in the use of networking websites and use of mobile devices for collaboration as are also likely to positively impact the growth of the market. Moreover, the high spending on R&D and high growth in requirement to streamline the communication process are also expected create a huge demand for enterprise collaboration as well as lifting the growth of the enterprise collaboration market.
However, the high cost of implementation and complexity in countering discovery and legal risks are expected to act as the major limitations for the growth of enterprise collaboration in the above mentioned forecasted period, whereas the rise in security concerns and complexities in aligning team collaboration software with business goals can challenge the enterprise collaboration market growth in the forecast period of 2021 to 2028.
Likewise, the high demand for AI across the globe and increase in the incorporation of enterprise collaboration solutions with cloud and mobile technologies for optimizing business processes are expected to create various new opportunities that will lead to the growth of the enterprise collaboration market in the above mentioned forecasted period.
This enterprise collaboration market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on enterprise collaboration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Enterprise Collaboration Market Scope and Market Size
Enterprise collaboration market is segmented on the basis of component, deployment mode, organization size, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Enterprise collaboration market is segmented on the basis of component into solution and services. Solution has further been segmented into unified communication, file sharing and synchronization, portals and intranet platform, project management and analytics and enterprise social network. Services have further been segmented into professional services and managed services. Professional services have further been sub-segmented into IT consulting and development, integration and implementation and support and maintenance.
- Based on deployment mode, the enterprise collaboration market is segmented into cloud and on-premises.
- The organization size segment of the enterprise collaboration market is segmented into large enterprises and small and medium-sized enterprises.
- On the basis of application, the enterprise collaboration market is segmented into communication tools, coordination tools and conferencing tools.
- Based on end user, the enterprise collaboration market is segmented into IT and telecommunication, banking, financial services, and insurance, public sector, energy and utilities, manufacturing, healthcare, retail and consumer goods, travel and hospitality and others. Others have further been segmented into aerospace and defense, automotive, chemicals and education.
Enterprise Collaboration Market Country Level Analysis
Enterprise collaboration market is analyzed and market size, volume information is provided by country, component, deployment mode, organization size, application and end user as referenced above.
The countries covered in the enterprise collaboration market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the enterprise collaboration market due to the high adoption of cloud-based enterprise collaboration solutions and services amongst large enterprises and SMEs across multiple verticals, particularly in the U.S. and Canada. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to the increase in the disposable income.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Enterprise Collaboration Market Share Analysis
Enterprise collaboration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to enterprise collaboration market.
The major players covered in the enterprise collaboration market report are Microsoft, Huawei Technologies Co. Ltd., VMware, Inc., Adobe, Mitel Networks Corp, Atlassian, SAP SE, TIBCO Software Inc, Cisco Systems, Inc., IBM, Google, Salesforce, Plantronics, Inc., Jive Software, Axero Solutions, LLC, Igloo Software., Bynder, GlobalLogic, Synacor, Inc., and Kaltura, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.