Extensive integration of enterprise collaboration devices has been getting fueled over the recent years with key players such as Microsoft Corporation, Facebook Inc., and Slack Technologies, releasing featured upgrades aiding their collaboration software to work proficiently for the ones who consume the enterprises services. Throughout 2018, Facebook Inc. declared an upgradation in its Workplace collaboration equipment user interface which allows the workers to access services like SharePoint within the Workplace interface. During May 2019, Microsoft Corporation also introduced interface alterations to its Teams collaboration equipment, facilitating administrators to let quickly remove or add team members, modify the user settings, and incorporate changes throughout the whiteboard. The organization further added technical support for Teams Whiteboard on Surface Hub conferencing arrangement. The wide range of expanding enterprise platforms and devices such as Jira software, Blink mobile app, Smartsheet platform, among others, is projected to propel the market throughout the world. The global enterprise collaboration market is likely to grow at 15.2% over the forecast period.
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Market Research Future’s report states that the enterprise collaboration market is segmented based on type, organization size, component, vertical, region, and deployment. Based on component, the market is segmented into services and solutions. Based on type, the market is segmented into synchronous and asynchronous. Based on organization size, the market is segmented into SMEs and Large enterprises. Based on deployment, the market is segmented into on premise and cloud. Based on vertical, the market is segmented into IT & telecommunications, BFSI, healthcare, retail, transportation & logistics, education, travel & hospitality, energy & utilities, government, and others.
The players prevailing in the enterprise collaboration market keep investing and innovating in research and development to offer an economical product portfolio. The mergers and acquisitions taking place over the years can be considered as a strategy the business entities incorporate to reinforce their reach to the users. Market Research Future recognizes the prominent players operating within the global enterprise collaboration market which include names like Adobe Inc., VMware, Inc. (Dell Technologies), Atlassian Corporation Plc, Cisco Systems, Inc., Microsoft Corporation, Facebook, Inc., Jive Software, Igloo Software, Salesforce.com, Inc., Mitel Networks Corporation, Slack Technologies, SAP SE, Google LLC, IBM Corporation, and TIBCO Software Inc.
North America leads the Enterprise Collaboration Market owing to the prevalence of key players such as Oracle Corporation, Microsoft Corporation, IBM Corporation, and others extending cloud-based enterprise collaboration services and solutions which is propelling the market growth in this market. Economies such as Canada, Mexico, and the US, are projected to experience surge in the adoption of enterprise collaboration devices to restructure critical business processes and accelerate workforce collaboration and employee engagement. North America market is likely to witness an increasing adoption of cloud-based enterprise solutions throughout various sectors mainly IT & telecom, healthcare, and BFSI. Additionally, the market is experiencing swift growth in the number of SMEs providing enterprise collaboration software services aiding the market development in this region. Europe represented the second-largest market share owing to surging adoption of secured enterprise collaboration devices for efficient management of content within organizations throughout different locations. Growing adoption of enterprise collaboration software in economies such as Germany, the UK, Spain, France, the Netherlands, Austria, Italy, Sweden, Portugal, and other European economies propel the market growth. Increasing penetration of social networking platforms and collaboration tools among the European industries including IT & telecom, BFSI, healthcare, retail, education, and government is also estimated to fuel the market growth. Besides, investments made by eminent market players to extend enterprise solutions to SMEs as well as prominent European organizations to develop their prevalence throughout various regions largely contributes to the enterprise collaboration market growth in Europe. APAC market accounted for the third-largest share in global enterprise collaboration; it is likely to develop at a high rate throughout the forecast period owing to large scale adoption of enterprise collaboration services in the financial sector and the IT & telecom verticals.
LIST OF TABLES
Table1 Global Enterprise Collaboration Market: By, Country, 2019–2024
Table2 North America: Enterprise Collaboration Market By, Country, 2019–2024
Table3 Europe: Enterprise Collaboration Market: By, Country, 2019–2024
Table4 Asia-Pacific: Enterprise Collaboration Market: By, Country, 2019–2024
Table5 Middle East & Africa: Enterprise Collaboration Market: By, Country, 2019–2024
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LIST OF FIGURES
FIGURE 1 Global Enterprise Collaboration Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Enterprise Collaboration Market
FIGURE 4 Value Chain Of Global Enterprise Collaboration Market
FIGURE 5 Share Of The Enterprise Collaboration Market In 2019 By, Country (In %)
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