Enterprise Social Networks Market Size(Volume & Value), Growth and Development Trends 2017-2025

Marketresearchreports.biz has announced the addition of a new research study on the "Enterprise Social Networks Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025" to its report database.

The main objective of this report is to define, describe, and forecast the global “Enterprise Social Networks” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Use of social media by any organization internally and externally to connect individuals who share similar business interests and activities is known as enterprise social network (ESN). The social media tools help employees to share knowledge with their co-workers. This formal or informal communication between the employees helps in creating a healthy working environment. Owing to this communication, employees are able to share their opinions, views and thoughts with their co-workers and management. ESN is an effective problem solving technique which involves the participation of all the parties required through media. ESN is an internal workplace which helps in creating connections between various departments, this is extremely beneficial in larger corporations. To protect the corporate image and brand, most large corporations have implemented social media policies to make sure that employees communicate properly with each other across all the social networking channels. Effective knowledge management is the ultimate goal behind the implementation of ESN. It is not a prevailing model yet; however, ESN is anticipated to gain popularity in the coming years.

Organizations are implementing ESN due to its ability to enhance the communication and collaboration between the employees through media. Employees are able to voice their concerns through these platforms. Departmental boundaries are broken and hierarchies are flattened with the help of ESN. Moreover, it helps to spur innovation within the company as employees are sharing new ideas and thoughts between them and getting suggestions on how to make them better. ESN helps organizations to achieve business transparency, which is important to maintain the loyalty of employees. Employees are aware of the things going on within the organization and they are involved in the discussions happening around them. More than anything ESN gives a platform for employees other than the formal communication platforms such as the company e-mail. ESN is gaining popularity, however, companies are indecisive over how to apply this technology to business processes and operations. Companies are concerned that use of social media could result in reduced productivity. Major concern is that employees could use these tools extensively leaving behind their primary responsibilities.

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Major organizations are evaluating the benefits of implementing ESN. However, concerns regarding the usefulness of ESN for small size enterprises with very few employees remains a challenge for ESN market. In addition to this, acceptance by employees remains the most important aspect for implementation of the ESN. Top management cannot just implement ESN and wait for the results. If the employees are not encouraged by the use of ESN then it may not prove beneficial to any organization.

ESN tools are used by many companies across the industry verticals including IT and telecom, retail, Banking, Financial services and Insurance (BFSI), professional services, and healthcare. During the recent years, IT and telecom has seen significant adoption for ESN tools. Further, other sectors such as retail and professional services are expected to see significant adoption of ESN tools during the coming years. Some of the major players in the global ESN market are Microsoft Corporation, salesforce.com, Inc., TIBCO Software Inc., MangoApps Inc., JIVE SOFTWARE, Inc., Kaltura Inc., VMWare, Inc., Zyncro Tech S.L., Socialtext, Inc., and IBM Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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