Enterprise Collaboration Market will Reach Nearly USD 83.76 Billion, Expanding at a CAGR of 11.1% during the Forecast Period of 2026
The Enterprise Collaboration Market is expected to reach USD 83.76 Billion by 2026, according to a new report by Reports and Data. Enterprise collaboration allows employees in an organization to share information along with work on projects from various geographic locations involving a combination of networking capabilities, software technologies, and collaborative methods. Techniques may include video conferencing, groupware, and document-sharing abilities. Several industry collaboration software tools have characteristics similar to those offered on successful social media sites.
Due the presence of advanced economies, like the United States (US) and Canada, North America is estimated to hold the largest share of 29.3% in 2018. North America is the most developed region in the market, as almost all large enterprises are located in this region. The region’s powerful financial position also allows it to invest heavily in advanced testing tools and technologies. Organizations in the region are driving beyond the public cloud and moving into a new period of hybrid IT, which combines private cloud, public cloud, and traditional IT. These organizations have executed a hybrid cloud strategy as it assists in developing the way they run their collaboration market.
To develop internal and external information repositories, organizations, such as the US Department of Defense and US Joint Forces Command, as well as several local and state agencies, have begun to use the collaborative technologies.
The Key players in the Enterprise Collaboration Market include Microsoft Corporation, IBM Corporation, Slack technologies, Inc., VMware, Inc., Facebook, Inc., Igloo, Inc., 8×8, Inc., Fuze Inc., Vonage Networks LLC, Atlassian Corporation PLC, Adobe Systems, Cisco Systems, Google, Jive Software, Mitel Networks, Salesforce.Com, SAP, and Tibco Software.
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The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Enterprise Collaboration Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Enterprise Collaboration Market.
Further key findings from the report suggest
- The Enterprise Collaboration Market is estimated to reach USD 83.76 Billion by 2026, at a CAGR of 11.1% during the forecast period.
- The on premise deployment segment accounts for a larger share of 65.2% of the market in 2018.
- The Manufacturing, Retail and Consumer Goods end user is anticipated to grow at the highest rate of 12.3% during the forecast period.
- The services segment is anticipated to grow at a higher rate of 11.4% during the forecast period.
- The SME’s end user segment is anticipated to grow at a higher rate of 11.5% during the forecast period.
- APAC is forecasted to be the fastest growing market with the highest rate of 11.5% during the forecast period.
- The drivers for the growth of this region are the presence of key players, favorable reimbursement policies, and rising use of technology in the countries like India, China and Japan, along with several initiatives taken by the government.
- Various players are developing strategies to mark their presence in the industry.
- Lenovo announced some of the new Think Devices, such as Think Centre, Think Book, ThinkPad, and Think Reality in May 2019. The device delivers to businesses a solutions-based approach, composed of software and hardware both.
- It is intended to help enterprise workers to use AR applications to decrease repair times, receive assistance, remove errors, streamline complicated workflows, collaborate, save money, and enhance training quality.
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For the purpose of this study, Reports and Data have segmented the market on the basis of Deployment, Offerings, Organization Size, End User and region:
Deployment Outlook (Revenue, USD Million; 2018-2026)
Offerings Outlook (Revenue, USD Million; 2018-2026)
Organization Size Outlook (Revenue, USD Million; 2018-2026)
- Small and Medium Enterprises (SME’s)
- Large Enterprises
End User Outlook (Revenue, USD Million; 2018-2026)
- Telecommunications and IT
- Manufacturing, Retail and Consumer Goods
- Travel and Hospitality
Regional Outlook (Revenue, USD Billion ; 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Advantages of Enterprise Collaboration Market Report:
- Identification and analysis of the market size and competition
- Qualitative and quantitative analysis of the market data
- Data validated by industry experts after extensive primary and secondary research
- Extensive regional analysis of the Enterprise Collaboration industry
- Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
- SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Enterprise Collaboration Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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