Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.00 Billion | USD 89.19 Billion | 20.22% | 2023 |
The global enterprise social software (ESS) market size was worth around USD 17.00 billion in 2023 and is predicted to grow to around USD 89.19 billion by 2032 with a compound annual growth rate (CAGR) of roughly 20.22% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the enterprise social software (ESS) market on a global and regional level.
Enterprise social software is software that is used in commercial or business enterprises. It is used as a communication platform. The access to the enterprise social software is limited only to the organization employees or members. The function of the social software includes various editable and authorization tools such authoring, tags, links, search options, extensions, RSS feeds. It can be also termed as the combination of collaboration tools and social networking. It delivers a social connectivity to channel partners, customers, employee and distributor. The other advantages of enterprise social software are availability of real- time knowledge sharing, knowledge encouragement, and awareness of the innovations.
The global enterprise social Software (ESS) market is broadly segmented based on deployment, enterprise size, and the end users.
On the basis of deployment the global market is diversified as On-demand (Saas) and On-premises distribution.
Based on organization size it is widely bifurcated as small businesses, medium businesses, enterprises, and large enterprises.
Based on the end user, the global market is segmented as healthcare, retail, telecommunications, banking, insurance, government and educational institutes, and many others.
The emergence of social networking, introduction of BYOD (bring your own devices) system, and demand from employees are some of the major drivers of the global enterprise's social software (ESS) market. Rising adoption of social software by entrepreneurs to reduce communication cost, to foster the workforce productivity, and bring out the innovative ideas and knowledge has also fostered the demand for the global market. Constant development in the software and growing demand from the end users segment has fueled the growth of the global enterprise social software (ESS) market. The high cost of initial setup stage and lack of tool integration and uncertain methodology are some of the factors restraining the global enterprise social (ESS) market.
Report Attributes | Report Details |
---|---|
Report Name | Enterprise Social Software (ESS) Market |
Market Size in 2023 | USD 17.00 Billion |
Market Forecast in 2032 | USD 89.19 Billion |
Growth Rate | CAGR of 20.22% |
Number of Pages | 206 |
Key Companies Covered | OpenText Corp, Broadvision, Google Inc, Salesforce, Cisco, Tibco Software, Autodesk, Jive Software, IBM, Atos, and Microsoft. Other key players comprise Lithium, Socialtext, Mzinga, and Sitrion |
Segments Covered | By deployment, By enterprise size, By the end users and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In Addition, the global enterprise social software (ESS) is broadly classified based on regions, this includes North America, Europe, Asia-Pacific, Africa, and the Middle East. Regionally, North America is projected to show a huge growth and may also dominate the global enterprise social software (ESS) market due to growing demand from small business and startups. Asia Pacific may rapidly rise in the global market owing to a high number of installation of the enterprise social software.
Some of the major players leading the global enterprise social Software (ESS) market include:
By Deployment
By Organization Size
By End User
What Reports Provides
FrequentlyAsked Questions
Enterprise Social Software (ESS) refers to a set of tools and platforms designed to facilitate communication, collaboration, and knowledge sharing within organizations.
According to study, the Enterprise Social Software (ESS) market size was worth around USD 17.00 billion in 2023 and is predicted to grow to around USD 89.19 billion by 2032.
The CAGR value of Enterprise Social Software (ESS) market is expected to be around 20.22% during 2024-2032.
North America has been leading the Enterprise Social Software (ESS) market and is anticipated to continue on the dominant position in the years to come.
The Enterprise Social Software (ESS) market is led by players like OpenText Corp, Broadvision, Google Inc, Salesforce, Cisco, Tibco Software, Autodesk, Jive Software, IBM, Atos, and Microsoft. Other key players comprise Lithium, Socialtext, Mzinga, and Sitrion.
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