Enterprise Collaboration Market: By Solution, By Services, By Deployment Type, By Organization Size, By Vertical, and Geography
Enterprise Collaboration Market size was valued at US$ 38.76 Billion in 2022 and expected to reach US$ 71.76 Billion by 2029, at a CAGR of 9.2% 2023-2029. Companies have intensified their emphasis on internal communication over the past few years to improve their productivity with quicker contact between teams and employees. The increase in collaborative use of mobile devices and the rapid growth of social networking websites, coupled with the BYOD trend, are the major factors driving the growth of the market for enterprise collaboration. In addition, with the transition in the technology environment, small and medium-sized companies are increasingly embracing enterprise collaboration technologies, such as cloud-based applications. Security problems in data collaboration and the high cost of implementation, however, are key factors hampering market development. The steady expansion in the amount of data generated is expected to fuel additives the cloud-based deployment of workloads. Various end-user industries are dealing with huge amounts of data, and data centres are better suited for organisations that need to run a variety of apps and sophisticated workloads related to business collaboration. It also supports high productivity by providing access to real-time data through all application tools. The steady expansion in the amount of data generated is expected to fuel the cloud-based deployment of workloads.
Study Period
2024-2030Base Year
2023CAGR
9.2%Largest Market
North AmericaFastest Growing Market
Asia pacific
The increasing use of mobile devices to run various social networking sites is boosting the growth of the business collaboration industry. It is found that very few people use computers to access social networking sites, while most people use Smartphone to access these websites. In 2019, for example, more than 70% of U.S. users accessed their smart phones in order to respond to emails or run social networking sites. In addition, due to its easy accessibility, emerging economies, such as China and India, are also experiencing a similar trend due to rising Smartphone use. These mobile and social first-tools enable employees to work with each other from remote locations at any given point of time in enterprise collaboration. These benefits are driving the growth of the market for enterprise collaboration.
The area of North America dominated the demand for business cooperation in 2019, where the United States is the market leader. The area is the first to embrace cloud technology and has advanced infrastructure capabilities that contribute to the largest business revenue generator. Collaborative technologies have begun to be used by organizations such as the US Joint Forces Command and the U.S. Department of Defense, as well as many local and state agencies, to create internal and external information repositories. In addition, as an early adopter of business collaboration technologies, such as applications for video and audio conferencing, application networking tools and web services, the area has remained. This has fuelled the growth of the enterprise collaboration market in North America.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
9.2% |
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By Solution |
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By Services |
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By Deployment Type |
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By Organization size |
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The enterprise collaboration market size was valued at US$ 38.76 billion in 2022
The enterprise collaboration market key players are: IBM Microsoft VMware Cisco Systems Google Adobe System Facebook Igloo Software Jive Software Slack Technologies
The enterprise collaboration market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.
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