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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Global Enterprise Collaboration Market by Deployment Type, Application, Services, End-user Industry and Region - Forecast to 2023 - ResearchAndMarkets.com

March 14, 2019

DUBLIN--(BUSINESS WIRE)--Mar 14, 2019--The “Global Enterprise Collaboration Market - Segmented, by Deployment Type, Application , Services (Managed Service, Professional Service), End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The Enterprise Collaboration market was valued at USD 31.25 billion in 2017 and is expected to register a CAGR of over 10.62% during the forecast period (2018-2023).

Over the past few years, enterprises have increased focus on internal communications to increase their productivity with faster interaction among teams and employees. The rise in usage of mobile devices for collaboration and rapid growth of social networking websites, coupled with BYOD trend are the significant factors driving the growth of enterprise collaboration market.

Further, with the change in the technology landscape, the enterprise collaboration tools, like cloud-based software are rapidly being adopted by small- and medium-sized enterprises. However, security concerns in data collaboration and the high cost of implementation are key factors hampering the growth of the market.

Emerging Technologies to Fuel the Enterprise Collaboration Market Growth

Business communications are getting more intelligent and contextual, owing to emerging technologies, such as APIs (Application Programming Interface) and AI. Unified communication and collaboration (UCC) tools are adapting to these new emerging trends. As more companies have started to emphasize streamlining their workflows, many IT departments are expected to embed communication API into the existing applications.

According to a report from Vidyo, a video conferencing provider, 25% of companies have used APIs to embed Unified communication features. This trend is anticipated to continue, as half of the companies plan to deploy APIs this year and another 78% are planning to integrate APIs for embedded video in future. The emergence of AI in the collaboration industry is expected to enhance the communication experience in the enterprises.

Virtual assistant and Bots use AI for enriching the meeting experience. The smart virtual personal assistants (Bots) are a disruption waiting to happen in the enterprise communication space with a lot of opportunities and business benefits. Besides, enterprises are expected to move from telephony to instant video calls when connecting customers with the agents. These emerging technologies are expected to augment the enterprise collaboration market over the forecast period.

North America is Expected to Have the Highest Market Share

North America region dominated the enterprise collaboration market in 2017 where the United States is leading the market. The region is the earliest adopters of cloud technologies and has an advanced infrastructure capability leading to the largest revenue generator for the market.

Organizations, such as the US Joint Forces Command and US Department of Defense, as well as many local and state agencies, have started to use the collaborative technologies to build internal and external knowledge repositories. Moreover, the region has remained as an earlier adopter of enterprise collaboration tools, such as video and audio conferencing software, application sharing tools and web services. This has boosted the growth of North America enterprise collaboration market

Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Enterprise Collaboration Market Insights

4.1. Enterprise Collaboration Market Overview

4.2. Industry Attractiveness - Porter’s Five Forces Model

4.3. Industry Value Chain Analysis

4.4. Technology Roadmap

5. Enterprise Collaboration Market Dynamics

5.1. Enterprise Collaboration Market Drivers

5.1.1. Increase in Usage of Mobile Devices for Collaboration

5.1.2. Emerging Technologies

5.1.3. Rapid Rise of Social Networking Websites and BYOD

5.2. Enterprise Collaboration Market Restraints

5.2.1. Security Concerns in Data Collaboration

5.2.2. High Cost of Implementation

6. Global Enterprise Collaboration Market Segmentation

6.1. By Deployment Type

6.1.1. On-premise

6.1.2. Cloud-based

6.2. By Application

6.2.1. Communication Tools

6.2.2. Conferencing Tools

6.2.3. Coordination tools

6.3. By Services

6.3.1. Managed Services

6.3.2. Professional Services

6.4. By End-user Industry

6.4.1. Telecommunications & IT

6.4.2. Travel & Hospitality

6.4.3. Public Sector

6.4.4. BFSI

6.4.5. Retail & Consumer Goods

6.4.6. Education

6.4.7. Transportation and Logistics

6.4.8. Healthcare

6.4.9. Other Industries

6.5. By Region

6.5.1. North America Enterprise Collaboration Market Size (2018-2023)

6.5.2. Europe Enterprise Collaboration Market Size (2018-2023)

6.5.3. Asia-Pacific Enterprise Collaboration Market Size (2018-2023)

6.5.4. Latin America Enterprise Collaboration Market Size (2018-2023)

6.5.5. Middle East & Africa

7. Competitive Intelligence - Company Profiles

7.1. Microsoft Corporation

7.2. Huawei Technologies Co. Ltd.

7.3. VMware Inc.

7.4. Adobe Systems Inc.

7.5. Mitel LLC

7.6. Atlassian Corporation PLC

7.7. SAP SE

7.8. Slack Technologies Inc.

7.9. TIBCO Software Inc.

7.10. Polycom Inc.

7.11. Salesforce.com Inc.

7.12. IBM Corporation

7.13. Cisco System Inc.

7.14. Zoho Corporation Pvt. Ltd.

7.15. Jive Software

7.16. Axero Solutions LLC

7.17. Igloo Software

7.18. Global Logic

List Not Exhaustive

8. Investment Analysis

9. Future of Enterprise Collaboration Market

For more information about this report visit https://www.researchandmarkets.com/research/pksv4t/global_enterprise?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005352/en/

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