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Cloud Collaboration Market 2021 Analysis by Recent Developments- Microsoft Corporation, Cisco Systems Inc, Oracle Corporation, HighQ Solutions, IBM Corporation, Box Inc., Citrix Systems Inc.
The Cloud Collaboration Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The Cloud Collaboration market was valued at USD 29.62 billion in 2019 and is expected to register a CAGR of 13.43%, over the forecast period (2020-2025).
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Competitive Landscape:
Top Companies: Microsoft Corporation, Cisco Systems Inc, Oracle Corporation, HighQ Solutions, IBM Corporation, Box Inc., Citrix Systems Inc., Jive Software Inc, Mitel Networks Corp, Intralinks Holdings Inc., Salesforce.com Inc., Hyperoffice, Atlassian Corporation PLC, Adobe Systems, Zoho Corporation
Industry News and Updates:
In Feb 2018, Cisco completed its acquisition of BroadSoft, which would accelerate Cisco's cloud strategy and collaboration portfolio by adding the industry's leading cloud calling and contact center solutions to Cisco's leading calling, meetings, messaging, customer care, hardware endpoints, and services portfolio.
Key Market Trends:
Cloud collaboration in the region is mainly driven by businesses that are adopting cloud computing to increase capacity and productivity. Companies in the region are moving beyond the public cloud and stepping into a new era of hybrid IT that combines public cloud, private cloud, and traditional IT. These organizations have implemented a hybrid cloud strategy as it is helping them to improve the way they run their business and deliver services to customers.
As per the RightScales State of the Cloud Report 2018, over 80% of the North American and European companies are using a complex deployment model in the cloud, i.e., 51% of the hybrid and 21% implementing a multi-cloud strategy, with an average of five cloud providers. This has further stimulated the cloud collaboration demand. With automation trends prominent in the region, it has become increasingly important for industries to look for solutions that can offer services to reduce infrastructure costs.
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What are the market influences that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Cloud Collaboration Market Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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