Global Enterprise Collaboration Market by Service Types, Application Types and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The enterprise collaboration market was valued at approximately USD 36.24Billion in 2019 and is expected to surpass USD 70Billion by 2026, expanding at a CAGR of 10.7% during the forecast period 2020–2026.

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Enterprise collaboration is a system of communication among corporate employees that may encompass the use of a collaboration platform, enterprise social networking tools, a corporate intranet and the public internet. Enterprise collaboration enables employees in an organization to share information with one another and work together on projects from different geographic locations through a combination of software technologies, networking capabilities and collaborative processes.

Technologies may include groupware, videoconferencing and document-sharing capabilities. Well-designed enterprise collaboration systems simplify the communication process, which has grown more complex for employees at many companies due to the expansion of remote and global work environments, the accelerated pace of business operations and the rapidly increasing amounts of data that workers have to contend with. In a collaboration system, business users can trade knowledge, store and exchange files, create and jointly modify documents, and interact with each other in real time in collaborative workspaces.

Market Trends, Drivers, Restraints, and Opportunities:

The adoption rate of enterprise collaboration solutions is expected to grow, due to growing use of social networking websites and increasing usage of mobile devices for collaboration.
Cloud-based deployment to increase the market growth. Cloud-based deployment to workload is expected to be primarily driven by the consistent growth in the data generated. Several industry verticals are dealing with a massive volume of data and data center is more suited for an organization that has to run many types of applications and complex workloads pertaining to enterprise collaboration. It enables the achievement of high productivity, with access to real-time data with all application tools.
The high initial costs and service costs has been an aspect that has been restraining the growth of the market. This factor has made many small and medium enterprises not to choose a particular solution offered by a enterprise collaboration vendor.
There is a huge potential for vendors by tapping into markets of different regions. Asia Pacific is the fastest growing economy and has the highest disposable income. These factors are predicted to attract the enterprise collaboration market vendors to invest in the enterprises established in this region.

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Competitive Landscape:

The global enterprise collaboration market has been fragmented by presence of various regional and global players. The key and emerging market players include IBM, Microsoft, VMware, Atlassian, Cisco Systems, Google, Adobe Systems, Facebook, Igloo Software, Jive Software, Mitel Networks, Salesforce, SAP, Slack Technologies and Tibco Software.

The global enterprise collaboration market has been segmented on the basis of

Services Types

Professional Services
Managed Services

Application types

Banking
IT & telecommunication
Education
Retail & consumer goods
Travel & hospitality
Transportation & logistics

Regions

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Enterprise Collaboration Market Overview
Global Enterprise Collaboration Market Analysis and Forecast by Type
Global Enterprise Collaboration Market Analysis and Forecast by Application
Global Enterprise Collaboration Market Analysis and Forecast by Sales Channel
Global Enterprise Collaboration Market Analysis and Forecast by Region
North Enterprise Collaboration Market Analysis and Forecast
Latin Enterprise Collaboration Market Analysis and Forecast
Europe Enterprise Collaboration Market Analysis and Forecast
Asia Pacific Enterprise Collaboration Market Analysis and Forecast
Middle East & Africa Enterprise Collaboration Market Analysis and Forecast
Competition Landscape

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