Enterprise Collaboration Market Size, Share, Growth Report 2032

Enterprise Collaboration Market Insights

Zion Market Research has published a report on the global Enterprise Collaboration Market, estimating its value at USD 53.77 Billion in 2023, with projections indicating that it will reach USD 135.34 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 10.8% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Enterprise Collaboration Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Enterprise collaboration allows employees within an organization to share information with each other and work simultaneously on projects from locations globally with the help of networking capabilities, software technologies and collaborative processes.

The enterprise collaboration market is likely to growth in the anticipated timeframe, owing to surging usage of mobile devices and social networking websites for collaboration. Strategies such as BYOD will greatly enhance corporate data along with application availability round the clock. Moreover, Cloud based solutions, offered by Vidyo, Blusejeans and Zoom also provides mobile screen sharing and video collaboration to the organizations at a very nominal cost as compared to the traditional infrastructure. This will also allow employees to collaborate frequently and effectively thus encouraging better collaboration and enabling higher availability. Additionally, the demand for the enterprise collaboration is anticipated to propel in the anticipated period owing to the developing technologies like APIs integration providing more enhanced business communications. Organizations and business are shifting towards API cloud platform (developer-friendly) which contains developer tools, like dashboards, sandbox and sample code. A lot of banks in Asia, Europe and Latin America have adopted F2F video banking for rich customer engagement and also to maintain customer loyalty.

Rising use of mobile devices is a key driving factor for the market, as it creates flexes time, (which means the user can make the use of time and solve the issues that can be delta quickly).Factory workers along with people working in retail floors and restaurant will now be able to access the information of colleagues.

Furthermore, managed services under component segment are anticipated to propel market growth in the long run. The services offered by third party vendors assist enterprises to manage their operational challenges and also help in increasing overall revenue, reducing cost simultaneously improves employee’s performance. The organizations are also opting for managed services as it provides skilled personnel who have industry certifications for the task, eventually saving cost of hiring an expert and also overcoming the challenges of budget constraints. For instance, as per the article published in IT Europa Media and Intelligence Limited (ITEUROPA) in 2018, managed services were opted by channel partners and SMEs in UK, the percentage rose to 95% and 83 respectively. However, accidental mishandling of data leading to data breaches can hamper market growth.

Enterprise Collaboration Market Segmentation

The enterprise collaboration market is segmented into component, organization size and end user. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By component segment analysis includes solution and services.

By organization size analysis includes SMEs and large enterprises.

By end user segment analysis includes IT and telecommunication, BFSI, public sector, energy and utilities, manufacturing, healthcare, retail and consumer goods, travel and hospitality, transportation and logistics and others.

The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Enterprise Collaboration Market: Report Scope

Global Enterprise Collaboration Market Key Players

• VMware
• Microsoft
• Cisco Systems
• IBM
• Google
• Facebook
• SAP
• Zoho Corporation
• Bynder

The report segments enterprise collaboration market as follows:

Global Enterprise Collaboration Market: Component Segment Analysis

• Solution
  • File Sharing and Synchronization
  • Unified Communication
  • Enterprise Social Network
  • Project Management and Analytics
  • Portals and Intranet Platform
• Services
  • Professional Services
  • Managed Services

Global Enterprise Collaboration Market: Organization Size? Analysis

• SMEs
• Large Enterprises

Global Enterprise Collaboration Market: End User Segment Analysis

• IT and Telecommunication
• BFSI
• Public Sector
• Energy and Utilities
• Manufacturing
• Healthcare
• Retail and Consumer Goods
• Travel and Hospitality
• Transportation and Logistics
• Others

Global Enterprise Collaboration Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa