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Enterprise Social Networks Market Estimated to Rise at 16.5% CAGR by 2026
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12250
In order to analyze the growth in market for enterprise social networks and online communities, the report has segmented the global market based on enterprise type, and industry type. Among all enterprises, the segment of large enterprise is projected to exhibit maximum share of the enterprise social networks and online communities, registering for US$ 1,853.6 million by the end of 2016. Also, among all verticals, healthcare industry is anticipated to value for maximum revenue share of the overall market by the end of 2026, due to the availability of detailed communication through enterprise social networking. Besides, adoption of this technology by Telecom & IT industry as well as retail & consumer goods industry is growing at considerable rate.
Several platforms of social media such as LinkedIn and Twitter which are basically used by companies and professionals have been witnessing escalating adoption in business houses and organizations. These platforms are used to interact and stay updated with upcoming opportunities and job openings, besides their engagement in marketing and promotional activities. However, one of the prime restraining factor that companies are facing is the lack of security. Collaborating business information with websites of social networking generates a chance for hackers to gain unauthorized access to that critical information via these social websites. Amalgamation of ERP or CRM along with enterprise social networking permits vendors, clients, and several other users to access information and so companies don’t prefer for enterprise social networking.
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Some global leaders in the market of enterprise social networks and online communities include IBM Corporation, VMWare, Google, Zyncro tech, Microsoft Corporation, Cisco Systems, Salesforce.com, TIBCO Software and Socialtext Incorporated, among others building new ways for improving their technology so that they can retain their market competitiveness. A regional overview of the global market for enterprise social networks and online communities mentioned in the report has classified the growth of the market into North America, APAC, Europe, Latin America and the MEA. Among these, North America market is predicted to be the maximum revenue generator for global market for enterprise social networks and online communities by the end 2026, and is estimated to value for 20.4% of revenue share in 2026. Also, APAC region is projected to be the second largest market player for enterprise social networks and online communities and is anticipated to account for revenue growth of US$ 3,714.1 million by the end of 2026.
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