Enterprise Collaboration Market Is Booming Worldwide | Adobe Systems, Atlassian , Cisco Systems, Facebook , Google , IBM , Igloo Software, Jive Software, Microsoft , Mitel Networks and Others

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The Enterprise Collaboration Market is projected to grow from US$ 34.57 Billion in 2018 to US$ 59.86 Billion by 2023, at a CAGR of 11.6% from 2018 to 2023. Factors such as widespread use of social networking websites and increasing usage of mobile devices for collaboration are expected to fuel the growth of the enterprise collaboration market across the globe.

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Based on component, the solutions segment is expected to lead the enterprise collaboration market in 2018. Effective usage of enterprise collaboration solutions can result in increased knowledge sharing among employees, as well as, enhanced productivity in organizations.

“Among verticals, the IT & telecommunication segment is expected to lead the enterprise collaboration market in 2018.”
The IT & telecommunication vertical segment is expected to lead the enterprise collaboration market in 2018. Significant adoption of video conferencing by end-customers of IT &telecommunication companies is expected to fuel the adoption of collaboration solutions in the coming years.

“The Asia Pacific enterprise collaboration market is projected to grow at the highest CAGR during the forecast period.”
The Enterprise Collaboration Market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Enterprise collaboration solutions are being adopted in the Asia Pacific region at a significant rate. The growth of the Asia Pacific enterprise collaboration market is primarily driven by the growing need for robust collaboration and enhanced decision-making in organizations. Moreover, small & medium enterprises across various countries such as Australia, Malaysia, Japan, and Singapore are investing in information technology to compete, secure, and capture digital opportunities from the market.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1:43%, Tier 2:14%, and Tier 3:43%
• By Designation: C-level:14%, D-level: 29%, and Others: 57%
• By Region: North America:22%, Europe: 11%,Asia Pacific: 56%, and Rest of the World: 11%

Study Objectives:

• To analyze the degree of competition in the market by identifying various parameters of the key players

• To define, describe, and forecast the market based on component, organization size, deployment type, vertical, and region

• To forecast the size of the market and its segments in 5 main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America

• To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market

• To analyze micromarkets with respect to individual growth trends and their contribution towards the overall market

• To profile the key players operating in the market and comprehensively analyze their core competencies

• To provide a detailed competitive landscape of the market, along with an analysis of business and corporate strategies to track and analyze competitive developments such as expansions; agreements, collaborations, and partnerships; acquisitions; and new product launches and product enhancements

#Target Audience for Enterprise Collaboration Market :
• Enterprise Collaboration Software Vendors
• Enterprise Collaboration Service Providers
• System Integrators
• Value-added Resellers
• Enterprise Collaboration System Investors
• Cloud Vendors
• Government Organizations
• Consultants/Advisory Firms

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#Top Key Players in the “Enterprise Collaboration Market” include are Adobe Systems (US), Atlassian (Australia), Cisco Systems (US), Facebook (US), Google (US), IBM (US), Igloo Software (Canada), Jive Software (US), Microsoft (US), Mitel Networks (Canada), Salesforce.com (US), SAP (Germany), Slack Technologies (US), TIBCO Software (US), VMware (US).

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