Enterprise Collaboration Market: By Solution (Unified communication, File sharing & synchronization, Portals & Intranet platform, Project management & analytics, and Enterprise social network), By Services (Professional Services and Managed Services), By Deployment Type (Cloud and On-premises), By Organization Size (SMEs and Large enterprise), By Vertical (IT and Telecommunication, BFSI, Public Sector, Energy and Utilities, Manufacturing, Healthcare, Retail and Consumer Goods, Travel and Hospitality, Transportation and Logistics, and others), and Geography  

Enterprise Collaboration Market size was valued at USD 38.76 Billion in 2022 and expected to reach USD 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.

Enterprise Collaboration Market Key Devolpments:

• In July 2019, Cisco collaborated with Adelboden Tourist Center where Cisco will offer the Cisco Webex Collaboration, Cisco Meraki Wireless, and Security solutions, for the new MountainLAB in Adelboden.