Top Trends Transforming the Enterprise Social Networks Market Landscape in 2025: Advancements In Enterprise Social Networking Enhancing Collaboration And Productivity

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What Will the Enterprise Social Networks Industry Market Size Be by 2025?
In the past few years, the enterprise social networks market has experienced swift growth. It is projected that its size will expand from $13.45 billion in 2024 to $15.75 billion in 2025, with a compound annual growth rate (CAGR) of 17.1%. The growth witnessed in the historical era is attributed to factors such as growing employee engagement, rising demand from SMEs, the emergence of remote work, the increasing integration into existing platforms, and the expansion of the e-commerce sector.

What's the Long-Term Growth Forecast for the Enterprise Social Networks Market Size Through 2029?
The market size for enterprise social networks is anticipated to experience swift expansion in the forthcoming years, climbing to $29.33 billion in 2029 with a CAGR of 16.8%. Several factors are attributed to this predicted growth in that specific timeframe, including the rising significance of data analytics, concentration on knowledge management, support for adaptable work settings, the need for personalizable solutions, and a transition towards a more employee-centered culture. Leading trends during this forecasted phase involve the utilisation of AI and machine learning, improved security measures, the implementation of gamification methods, application of blockchain technology, and the integration of social learning platforms.

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What Are the Key Growth Drivers Fueling the Enterprise Social Networks Market Expansion?
The escalation in the number of individuals working remotely is anticipated to drive expansion in the enterprise social networks market. Remote work is a setup whereby employees execute their roles outside the conventional office setting. This trend is gaining momentum due to the ability to increase flexibility, decrease operational costs, and enhance employees' work-life balance. Enterprise social networks are used in remote working to enable efficient communication, collaboration, and information exchange among dispersed team members. For example, the World Economic Forum, an NGO based in Switzerland, predicted in January 2024 that the total global remote digital jobs will likely increase by about 25% by 2030. This signifies a jump from 73 million in 2024, to an estimated 92 million. Consequently, the surge in remote work trends is fueling the expansion of the enterprise social networks market.

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What Are the Key Trends Driving Enterprise Social Networks Market Growth?
Key players in the enterprise social networks market are concentrating on the creation of groundbreaking solutions such as artificial intelligence (AI)-enabled networking platforms. These innovative platforms aim to boost collaboration, streamline communication, and elevate overall productivity within companies. AI-assisted networking platforms in enterprise social networks utilize AI to improve connectivity by evaluating data to pair employees with appropriate contacts, opportunities, and data. They simplify the collaboration and knowledge sharing process by automating and customizing networking actions. To illustrate, in May 2023, The Goldman Sachs Group Inc., a reputable investment banking firm in the US, introduced Louisa, an AI-powered social media platform designed for corporate environments. It autonomously creates user profiles from company databases and leverages AI to proactively link employees who could mutually benefit from networking based on potential business deals and common interests.

How Is the Enterprise Social Networks Market Segmented?
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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Which Companies Are Leading the Charge in Enterprise Social Networks Market Innovation?
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.

Which Regions Are Leading the Global Enterprise Social Networks Market in Revenue?
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.

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