Global Enterprise Collaboration Market Forecasts to 2023: Industry Analysis, Trend, Market Size

Businesses across the world are experiencing global competition, increased specialization of expertise and a fast pace of decision-making where enterprise collaboration plays a vital concept that connects right people with the right expertise at the right time to execute the right business decision.

Infinium Global Research predicts the Global Enterprise Collaboration market to grow from USD 26.43 Billion in 2016 to USD 49.88 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.54%. The year 2016 has been considered as the base year, while the forecast period is upto 2021.

Today, businesses across the world are experiencing global competition, increased specialization of expertise and a fast pace of decision-making where enterprise collaboration plays a vital concept that connects right people with the right expertise at the right time to execute the right business decision. In today’s knowledge-based economy, enterprise collaboration is the success factor. Furthermore, it comes up with the right collaboration strategy, optimal implementation plan and estimating the credible ROI by improving the employee productivity, driving innovations and sustainable competitive positioning. A number of global trends such as social networking websites, usage of mobile devices and enabling technologies are driving the Enterprise Collaboration Market across the globe.

The enterprise collaboration solution and services are robust enough to highlight inevitable trends that impose and discuss intelligent technologies across a wide range of industries.The cloud deployment segment is expected to grow at the highest CAGR during the forecast period as it offers flexibility and real-time access to data in a cost effective way regardless of the location. Moreover, enterprise social network solution segment is expected to grow with the highest compounded annual growth rate (CAGR) during the forecast period to execute the social workflow capabilities.

The enterprise collaboration solutions has been deployed across various verticals, such as BFSI, government, education, media, healthcare, energy, retail, IT and telecom, travel and hospitality, transportation and logistics, and other. However, the competitive landscape of retail vertical is deploying Enterprise collaboration solution for inventory management and hence projecting the highest CAGR during the forecast period. On the other side, IT and Telecom vertical is estimated to hold the largest market size, as IT and Telecom companies have the need to digitalize to increase their business capability.



Segments Covered:

The report segments the enterprise collaboration market by solutions, services, deployment type and verticals. The solutions segment includes enterprise social network, enterprise video, file sharing & synchronization, portals & intranet platform and unified messaging. The services segment includes professional services and managed services. The deployment type segment includes cloud and on-premise. The verticals segment includes banking, financial services & insurance, education, energy & utilities, government, healthcare & life sciences, retail, telecommunication & it, transportation & logistics, travel & hospitality and others.

Companies Profiled:

 	
Atlassian – NASDAQ:TEAM
 	
Facebook – NASDAQ:FB
 	
IBM Corporation – NYSE:IBM
 	
IGLOO Software
 	
Jive Software – NASDAQ:JIVE
 	
Microsoft Corporation – NASDAQ:MSFT
 	
Ninian Solutions
 	
com – NYSE:CRM
 	
Slack Technologies
 	
VMware – NYSE:VMW.

Geographic Coverage and Analysis:

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America. North America leads the global enterprise collaboration market followed by Europe and Asia-Pacific.The enterprise collaboration market in Asia-Pacific is projected to reflect highest CAGR over the forecast period. this is attributed to incresing attractiveness of cloud deployment, increasing investment in IT infrastructure development projects and growing internet penetration across the region.