Press release
Rising Advanced Technologies For Instant Messaging Software Market Size & Share, Growth, Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Instant Messaging Software" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Instant Messaging (IM) can be defined as a system or means for transmitting electronic messages instantly. It is the exchange of real-time messages through an embedded software or stand-alone application. IM users need to know each other’s screen name or user name to add them to their buddy list or contact list, or to initiate an IM session. The exchange of text has been the primary function of instant messaging until recently; however, the ability to insert emojis and images into messages is presently standard. IM networks can currently offer different forms of communication through stickers, pictures, video sharing, and voice. Facebook Messenger enables users to even send money via Instant Messaging. Almost all IM solutions include some degree of federation or interoperability with social networks such as Twitter, LinkedIn, or Facebook. Users can gain access to these social networks without exiting the instant messaging interface and can post status updates and more.
IM enables real-time, secure communication & collaboration, combining presence awareness capabilities such as conferences, chat, alerts, polls, file transfers, and news to create a rich collaborative environment. IM ensures the integrity of communications through Secure Sockets Layer (SSL) connections and multiple authentication mechanisms. The integration of IM software with access manager and portal server brings added security features such as user management and services-based access policy. IM is not only changing the personal use but also its use at an enterprise level, in the way business is carried out. Instant messaging is a highly valuable social software at the enterprise level owing to the consistent rate of adoption of enterprise IM networks, as increasing number of organizations are opting for enterprise-grade functionality.
Mobile messaging has emerged as highly popular form of mobile-to-mobile communication in the last few years. The boundaries between mobile messaging and traditional desktop IM are blurring due to increased interoperability. However, a significant user base is on mobile-only IM networks such as WeChat and WhatsApp. IM accounts have been highly popular among its users since the last few years due to various factors such as growing penetration of mobile phones along with Internet, the urgency to keep connected, offering multiple modes of communication by chat apps, etc.
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An important factor driving the instant messaging software market is the strong adoption of mobile technology. Moreover, IM is generally free (Open Source Software), or inexpensive, and it is easy to use and immediate and pervasive on a wide range of different devices and platforms, which is also driving IM software market. However, the increasing threat of security and privacy are restraining the instant messaging software market. IM started to lose its value with the introduction of social media. However, IM has been regaining traction, especially in the business world, due to the recent integration in Google and Facebook products. Users are embracing the value in having tools to communicate instantly over a variety of platforms.
The global instant messaging software market can be segmented based on application, end-user, and region. In terms of application, the market can be segregated into public IM networks, enterprise IM platforms, and mobile messaging. In terms of end-user, the IM software market can be classified into enterprise and personal. The enterprises segment can be further sub-segmented into banking, financial services and insurance (BFSI), IT & telecommunication, retail, and others. Based on region, the market can be segmented into North America, Asia Pacific, Europe, Middle East &Africa (MEA), and South America.
Industry participants leading the instant messaging software market with the most significant developments include BigAnt Office Messenger, Cisco Systems, Inc., HipChat, IBM Corporation, Kakao Talk, Line, We Chat, WhatsApp, Netwin Ltd., and Rakuten Viber.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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