Global Enterprise Collaboration market was 31.74 million US$ in 2018 and will reach 53.83 million US$ by the end of 2023 and is Expected to Grow at a CAGR of 11.15% Between 2019-2025 By Valuates Reports

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.

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Key Trends :

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.

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Regions Analysis:
The countries covered in the report are North America, Europe, Asia Pacific, Middle East Africa, and Latin America. The countries covered are the US, Canada, Germany, the UK, France, Italy, Spain, China, India, Australia, Japan, Singapore, South Africa (RSA), Kingdom of Saudi Arabia (KSA), Brazil, and Mexico.

Benefits and Vendors
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. The emergence of technologies, such as mobility, IoT, AI, and automation, is likely to impact the market growth and embrace the workplace transformation. The companies profiled in the report are Cisco, Microsoft, Salesforce, IBM, SAP, Slack, Universe, Smartsheet, Jive Software, and Deskera.

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