Saturday, 27 November 2021 05:01 GMT

Enterprise Collaboration Market Insights by Emerging Trends, Growth and Forecast till 2021


(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 25, 2021, 02:29 /Comserve / -- The enterprise collaboration market size is estimated to grow from USD 26.68 billion in 2016 to USD 49.51 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 13.2%.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

“The growing need for improved enterprise efficiency is expected to drive the enterprise collaboration market”
The enterprise collaboration market size is estimated to grow from USD 26.68 billion in 2016 to USD 49.51 billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 13.2%. The enterprise collaboration market is driven by factors, such as widespread usage of social networking websites and increasing usage of mobile devices for collaboration. However, high implementation cost constraints and difficulty in countering eDiscovery and legal risks limit the growth of the enterprise collaboration market.

“Enterprise social network solution segment is expected to grow at the highest CAGR during the forecast period”
The organizations are rapidly growing their branches and offices across the world due to increasing globalization. Thus, the workforce is getting dispersed and distributed across the various office locations. It is becoming imperative for organizations to provide their employees with a centrally connected enterprise in order to improve their productivity, as well as to facilitate the sharing of ideas among teams. Thus, the Enterprise Social Network (ESN) solution segment is expected to grow at the highest CAGR during the forecast period. ESNs enable users, both internal and external to an organization, to leverage on social workflow capabilities. The growth in ESNs would also be due to its consolidated offering of communities, activity feeds, discussion forums, blogs, and many other components.

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“Integration and implementation services segment is expected to contribute to the largest market share during the forecast period”
The integration and implementation services segment provides end-to-end support to organizations, which is the main reason for its higher adoption. The integration and implementation services type is gaining traction in the enterprise collaboration market as it helps organizations in identifying the project scope; designing the plan layout; optimizing data quality & delivery through testing, building, and deploying customizable designs suiting the organizational business needs; and assisting trained professionals in enabling the smooth installation of enterprise collaboration solutions.

“Asia-Pacific is expected to have the highest growth rate during the forecast period”
Asia-Pacific (APAC) includes emerging economies, such as China, Australia, Singapore, and India, which are rapidly deploying enterprise collaboration solutions. APAC is expected to grow at the highest CAGR during the forecast period. This is mainly due to the increasing number of cloud service providers, investments in infrastructure, smartphone users, and many emerging industries in the region. The North American region is expected to be the largest revenue-generating region for enterprise collaboration solution and service providers in 2016. This is due to the high focus on innovation and technology adoption, especially in the developed economies of North America.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Enterprise Collaboration Market Insights by Emerging Trends, Growth and Forecast till 2021

In-depth interviews were conducted with the CEOs, marketing directors, other innovation & technology directors, and executives from various key organizations operating in the enterprise collaboration market place.
 By company type: Tier 1: 34%, Tier 2: 40%, and Tier 3: 26%
 By designation: C-Level: 72%, Director Level: 18%, and Others: 10%
 By region: North America: 57%, Europe: 17%, APAC: 19%, and RoW: 7%

Research Coverage:
The report includes in-depth competitive analysis of these key players in the enterprise collaboration market with their company profiles; Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis; recent developments; and key market strategies. The research report segments the enterprise collaboration market by component (solutions and services), deployment type, user type, industry vertical, and region.

Reasons to Buy the Report
The enterprise collaboration market has been segmented by component (solutions and services), deployment type, user type, industry, and region. The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the enterprise collaboration market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the end-users and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 18

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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