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Analysis of the Enterprise Collaboration Market: Size, Growth, Key Players, Current Trends, and Future Forecast for 2032 || IBM, Google, Cisco Systems, Microsoft, Adobe Inc., Facebook, Salesforce
Enterprise Collaboration Market
Enterprise Collaboration Market Size, Growth Rate, And Forecast
The global enterprise collaboration market size grew from $47.74 billion in 2022 to $54.88 billion in 2023 at a compound annual growth rate (CAGR) of 15.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The enterprise collaboration market size is expected to grow to $92.41 billion in 2027 at a CAGR of 13.9%.
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Enterprise Collaboration Market Drivers
The increased collaboration and communication across multiple geographies is expected to propel enterprise collaboration. Large organizations' success is frequently dependent on their employees' ability to collaborate across time and distance. Greater collaboration boosts productivity, improves innovation, and shortens the cycle time. Numerous IT tools facilitate enterprise collaboration, such as file sharing, instant messaging, cloud storage, whiteboard, and other IT tools. These tools frequently have overlapping functionality and differing standards on a company's IT organization and infrastructure. For instance, during COVID-19, there was an increase in the use of collaborative software as companies adopted the hybrid and work-from-home working styles. According to a survey conducted by Gartner, a US-based Management consulting company revealed that, In August 2021, workers' use of collaboration tools has increased by 44% since 2019. Therefore, the increased collaboration across multiple geographies is expected to boost demand for enterprise collaboration tools during the forecast period.
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Enterprise Collaboration Market Segments
• By Type: Internal, External
• By Deployment Type: Cloud-Based, On-Premise
• By Enterprise: Small and Medium Enterprises (SME), Large Enterprisres
• By Component: Solutions, Services
• By Industry: Information Technology (IT) and Telecommunication, Government, Energy and Utilities, Banking, Financial Services and Insurance (BFSI), Manufacturing, Retail and Consumer Goods, Heathcare, Travel and Hospitality
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the enterprise collaboration market.
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Enterprise Collaboration Market Key Players
Major competitors in the enterprise collaboration market are IBM, Google, Cisco Systems, Microsoft, Adobe Inc., Facebook, Salesforce, Vmware, Jive Software, Slack, Mitel, SAP, Zoho, Kaltura, Bynder.
The Business Research Company's "Global Enterprise Collaboration Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Enterprise Collaboration Market Include:
1. Executive Summary
2. Enterprise Collaboration Market Characteristics
3. Enterprise Collaboration Market Trends And Strategies
4. Enterprise Collaboration Market - Macro Economic Scenario
5. Enterprise Collaboration Market Size And Growth
………………
27. Enterprise Collaboration Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Enterprise Collaboration Market
29. Enterprise Collaboration Market Future Outlook and Potential Analysis
30. Appendix
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