Dublin, Jan. 16, 2019 (GLOBE NEWSWIRE) -- The "Global Enterprise Collaboration Market by Software; By Deployment Mode; By Industries; By Regions Drivers, Opportunities, Restraints, Trends, and Forecast to 2023: Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023" report has been added to ResearchAndMarkets.com's offering.
The enterprise collaboration market revenue is estimated to be $31.74 billion in 2018 and is expected to reach $53.83 billion by 2023, growing at a CAGR of 11.15% during the forecast period 2018-2023.
Over the past few years, organizations have focused on their internal communications to increase the productivity with faster interaction among employees and teams. An increase in the adoption of cloud, mobility, and others has led to the digital transformation of workplace and modes of communication among employees. Furthermore, the software helps in better record keeping of files with version updates, automating, and streamlining shared files that help in tracking the updates of various projects in an organization.
Market Revenue and Segmentation Analysis:
The services include file sharing, messaging, audio and video, enterprise social network, intranet and portal, and project and calendar management. The enterprise social network segment is expected to grow at the highest CAGR during the forecast period. The Asia Pacific region is expected to realize the benefits of the connected workforce and faster business operations.
The adoption of enterprise collaboration software is the highest in North America owing to the early adoption of technologies and business productivity optimization. The cloud deployment mode offers enterprises to opt for SaaS on a subscription basis rather than incurring costs on hardware and infrastructure. The Asia Pacific region holds a huge potential for the vendors and is expected to grow at the highest CAGR during the forecast period 2018-2023.
The organization size includes large enterprises and SMEs. The large enterprises are estimated to hold the significant market share in 2018, however, SMEs are expected to grow at higher CAGR. The cloud migration of SMEs is comparatively easier than large enterprises, which is driving the growth of SaaS adoption. The organizations are deploying enterprise collaboration software because of the increasing focus to expedite business operations and strong work engagements from employees.
The industry verticals include BFSI, manufacturing, telecom and IT, government, healthcare and life sciences, consumer goods and retail, energy and utilities, and others. The network and software product companies are competing in the market, focusing on the better value proposition for the organizations in the better provision of well-connected internal teams. BFSI, manufacturing, and telecom and IT are the major contributors to the enterprise collaboration market growth.
Key Topics Covered:
1 Industry Outlook
1.1 Industry Overview
1.2 Industry Trends
1.3 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Related Markets
4 Market Outlook
4.2 Porter 5 (Five) Forces
5 Market Characteristics
5.2 Market Segmentation
5.3 Market Dynamics
184.108.40.206 Increasing use of mobile devices
220.127.116.11 Enhanced communication between teams
18.104.22.168 Better Project Management
22.214.171.124 Data security concerns in data collaboration
126.96.36.199 High cost of implementation
188.8.131.52 Application of BI and analytics in collaboration software
184.108.40.206 Growing digitalization in emerging markets
5.3.4 DRO - Impact Analysis
6 Component: Market Size & Analysis
6.2.1 File Sharing
6.2.2 Messaging, audio and video
6.2.3 Enterprise Social Network
6.2.4 Intranet and Portal
6.2.5 Project and Calendar Management
6.3.1 Implementation and Integration
6.3.2 Support and Maintenance
7 Deployment Mode: Market Size & Analysis
8 Organization Size: Market Size & Analysis
8.1 Large Enterprises
9 Vertical: Market Size & Analysis
9.1.1 Market Size and Analysis
9.4 Telecom & IT
9.6 Healthcare & Life Sciences
9.7 Consumer Goods & Retail
9.8 Energy and Utilities
10 Region: Market Size & Analysis
11 Vendor Profiles
For more information about this report visit https://www.researchandmarkets.com/research/tqm8s8/global_53_83_bn?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Enterprise Mobility Management