Enterprise Collaboration Market Size, Share and Industry Growth 2020 | IBM Corporation, Microsoft Corporation, Slack technologies, Inc., VMware, Inc., Facebook, Inc., Igloo, Inc.

Enterprise collaboration software enables employees within an organization to share information and work together on projects from different geographic locations. The increase in need to simplify the communication process is expected to drive the enterprise collaboration market. Most enterprises plan for business expansion, which demands effective collaboration solutions such as document management, mobile collaboration, and social collaboration. The increase in trend of BYOD and enterprise mobility across all major regions boosts the demand for such solutions.

The key drivers of this market include increased focus of organizations on improving collaboration and communication across several stakeholders that are located at different geographies, need to unify internal and external collaboration in a single space, and widespread usage of social networking websites.

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The report segments the enterprise collaboration market on the basis of component that is further segmented into solutions and services. According to the solutions, the market is divided into enterprise social network, file sharing and synchronization, gateways and intranet platform, enterprise video, and others. Based on the services, the market is classified into professional and managed. According to the organizational size, the market is classified into small and medium businesses, and large enterprises. Based on the industry vertical, the market is categorized into banking, financial services, and insurance (BFSI), healthcare, public sector, retail, hospitality, IT & telecom, energy and utilities, and others. Geographically, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players such as IBM Corporation, Microsoft Corporation, Slack technologies, Inc., VMware, Inc., Facebook, Inc., Igloo, Inc., 8x8, Inc., Fuze Inc., Vonage Networks LLC, and Atlassian Corporation PLC are also provided in this report.

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The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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