Rising Remote Work Drives Expansion Of Enterprise Social Networks Market: An Emerging Driver Transforming The Enterprise Social Networks Market Landscape

The Enterprise Social Networks Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Enterprise Social Networks Market?
The enterprise social networks market size has grown rapidly in recent years. It will grow from $13.45 billion in 2024 to $15.75 billion in 2025 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to increasing employee engagement, rising demand from SMEs, increasing remote work, increasing integration with existing tools, and e-commerce expansion.

The enterprise social networks market is expected to experience rapid growth, reaching $29.33 billion by 2029, with a CAGR of 16.8%. Growth factors include the increasing importance of data analytics, a focus on knowledge management, support for agile work environments, demand for customizable solutions, and a shift toward employee-centric cultures. Key trends include AI and machine learning integration, enhanced security features, the adoption of gamification techniques, blockchain technology integration, and the rise of social learning platforms.

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What Are the Different Enterprise Social Networks Market Segments?
The enterprise social networks market covered in this report is segmented -

1) By Type: Cloud Or Web Based Enterprise Social Network Platform, On Premises Enterprise Social Network Platform
2) By Enterprise Size: Small And Medium Sized Enterprises (SMEs), Large Enterprises
3) By Industry: Education, Travel And Hospitality, Media And Entertainment, Healthcare, Information Technology (IT) And Telecom, Retail, Government And Non-Profit, Other Industries

Subsegments:
1) By Cloud Or Web-Based Enterprise Social Network Platform: Software-As-A-Service (Saas) Platforms, Collaboration Tools With Social Networking Features, Enterprise Social Media Platforms, Cloud-Based Knowledge Sharing And Community Platforms, Social Intranet Solutions Hosted On The Cloud
2) By On-Premises Enterprise Social Network Platform: On-Premises Collaboration And Communication Tools, On-Premises Knowledge Management Platforms, Private Social Networks For Organizations, Customizable On-premises Social Platforms For Employee Engagement, Enterprise Social Intranet Systems Installed Locally

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What Are the Primary Drivers Shaping the Enterprise Social Networks Market?
The rise in remote working is expected to fuel the growth of the enterprise social networks market. Remote working, where employees perform their job tasks outside of a traditional office environment, has become more common as it offers flexibility, reduced overhead costs, and a better work-life balance. Remote working utilizes enterprise social networks to enable seamless communication, collaboration, and knowledge sharing among distributed teams. For example, in January 2024, the World Economic Forum projected that the number of remote digital jobs globally would grow by 25% by 2030, reaching approximately 92 million, up from 73 million in 2024. As such, the increasing prevalence of remote work is contributing to the growth of the enterprise social networks market.

Which Companies Are Leading in the Enterprise Social Networks Market?
Major companies operating in the enterprise social networks market are Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., SAP SE, Salesforce Inc., Zoho Corporation Pvt. Ltd., Aurea Software Inc., Alma Suite Inc., Jive Software Inc., Beekeeper Inc., Whaller Inc., Workplace Inc., LumApps Inc., Jalios SA, Happeo Inc., Igloo Software Inc., Vanilla Forums Inc., Jostle Corporation, Socialtext Inc., Talkspirit Inc., Jamespot Inc., Boonex Ltd., Axero Solutions Inc., Zyncro Tech S.L.

What Trends Are Expected to Dominate the Enterprise Social Networks Market in the Next 5 Years?
Leading firms in the enterprise social networks market are concentrating on creating ground-breaking solutions like artificial intelligence (AI)-centric networking platforms, to magnify cooperation, streamline communication, and amplify overall performance within corporations. Such AI-centred platforms utilize AI to reinforce connectivity by scrutinising data to pair staff with pertinent contacts, opportunities, and data. These platforms encourage more effective teamwork and sharing of knowledge by automating and personalizing networking processes. As an example, in May 2023, The Goldman Sachs Group Inc., an American investment banking corporation, unveiled Louisa, an AI-centric social network platform customized for corporate milieu. It independently formulates user profiles from firm databases and harnesses artificial intelligence to proactively pair employees who could potentially benefit from making connections based on possible deals and shared interests.

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What Are the Top Revenue-Generating Geographies in the Enterprise Social Networks Market?
Asia-Pacific was the largest region in the enterprise social networks market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the enterprise social networks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Enterprise Social Networks Market?
2. What is the CAGR expected in the Enterprise Social Networks Market?
3. What Are the Key Innovations Transforming the Enterprise Social Networks Industry?
4. Which Region Is Leading the Enterprise Social Networks Market?

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