USD 53.19 billion
Enterprise Collaboration Market Size, Share, Growth Analysis, By Solution Type(Messaging and Chat, Video Conferencing, Project Management, Document Sharing and Collaboration), By Organization Size(Small and Medium-sized Enterprises (SMEs), Large Enterprise), By End-user Industry(IT and Telecom, BFSI (Banking, Financial Services, and Insurance)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25S2039 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
98
|Figures:
76
Enterprise Collaboration Market Insights
Global Enterprise Collaboration Market size was valued at USD 53.19 billion in 2022 and is poised to grow from USD 59.95 billion in 2023 to USD 156.01 billion by 2031, at a CAGR of 12.70% during the forecast period (2024-2031).
In recent years, the worldwide Enterprise Collaboration marketplace is witnessing sizable increase driven by means of the increasing want for green communication and collaboration gear inside companies. The market is propelled by the growing adoption of virtual places of work, far off work trends, and the mixing of superior technology together with artificial intelligence and gadget mastering. Enterprise Collaboration answers embody more than a few gear, together with messaging apps, video conferencing, challenge management, and file sharing structures, contributing to streamlined workflows and progressed productiveness.
Key factors influencing the market encompass the call for for actual-time communication, the emphasis on employee engagement, and the non-stop evolution of collaborative technologies to satisfy the evolving needs of current businesses. As groups continue to prioritize seamless collaboration in a virtual surroundings, the Enterprise Collaboration market is predicted to enjoy sustained growth. It's endorsed to refer to the modern-day industry reviews for the maximum up to date insights and trends on this dynamic market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Messaging and Chat
Fastest Growth
Video Conferencing
Growth Rate
12.70% CAGR
Global Enterprise Collaboration Market ($ Bn)
Country Share for North America Region (%)
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Enterprise Collaboration Market Segmental Analysis
The global Enterprise Collaboration market is segmented into four major segments i.e. by Solution Type, Organization Size, End-user Industry, and region. Based on Type, it is divided into Messaging and Chat, Video Conferencing, Project Management, Document Sharing and Collaboration, Enterprise Social Networking, Unified Communications and Voice. Based on Organization Size, it is bifurcated as Small and Medium-sized Enterprises (SMEs), Large Enterprise. Based on End-user it is segregated into, IT and Telecom, BFSI (Banking, Financial Services, and Insurance), Healthcare, Retail, Manufacturing, Education, Others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Analysis by Type
Messaging and chat solutions are essential for real-time communique, allowing brief and green exchange of statistics within groups. The global shift towards remote paintings has intensified the reliance on messaging and chat systems, making them a cornerstone of digital collaboration.
Video conferencing has turn out to be essential for digital meetings, webinars, and remote collaboration, pushed via the need for face-to-face interactions in a digital environment. The emphasis on global connectivity and the developing significance of visible verbal exchange make contributions to the accelerated adoption of video conferencing solutions.
Analysis by End User
The IT and Telecom industry inherently calls for sturdy collaboration gear due to the character of its work, which entails mission-primarily based obligations, remote groups, and non-stop conversation necessities. Being at the leading edge of technology adoption, the IT and Telecom zone is much more likely to embrace superior Enterprise Collaboration answers, contributing to its dominance.
The healthcare industry is present process great virtual transformation, and Enterprise Collaboration equipment play a vital position in streamlining conversation among healthcare professionals, directors, and support body of workers. The upward thrust of telemedicine and the need for far flung collaboration within healthcare settings drive the adoption of collaboration solutions, making it one of the fastest-developing sectors.
Global Network Function Virtualization Market By Type
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Enterprise Collaboration Market Regional Insights
North America, mainly america, has been a technological hub, with a excessive degree of generation adoption across industries. This contributes to the dominance of the Enterprise Collaboration marketplace. The vicinity has been an early adopter of digital workplace solutions, consisting of Enterprise Collaboration equipment, driven through a dynamic enterprise landscape and the superiority of faraway work traits.
The Asia-Pacific region, especially nations like China, India, and Southeast Asian international locations, is experiencing rapid economic boom. This boom drives the adoption of superior technologies, along with Enterprise Collaboration answers. Many international locations in the Asia-Pacific location are actively pursuing digital transformation initiatives, which consist of the mixing of collaboration tools for stronger conversation and productivity.
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Global Enterprise Collaboration Market By Region
- Largest
- Fastest
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Enterprise Collaboration Market Dynamics
Drivers
Increasing Shift Towards Remote And Hybrid Work Models
- The paradigm shift in the direction of remote and hybrid paintings fashions, accentuating the need for superior collaboration gear to ensure green digital interactions. Additionally, the continuous evolution of virtual technologies, such as Artificial intelligence and cloud computing, contributes to the expansion of sophisticated collaboration structures, enhancing productiveness and workflow integration.
Restraints
High Diverse Collaboration Tools May Struggle To Integrate Cohesively
- One of the main market restraints is the numerous collaboration tools may war to combine cohesively, hindering the status quo of a unified communique surroundings. Concerns associated with facts safety and privateness pose any other restraint, specifically as businesses grapple with compliance troubles in various areas.
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Enterprise Collaboration Market Competitive Landscape
The competitive surroundings of the Enterprise Collaboration marketplace is dynamic and is characterised via a various array of players vying for marketplace share on this rapidly evolving quarter. Key individuals consist of predominant era organizations, software program carriers, and communique solution vendors. Prominent players regularly offer complete suites of collaboration tools, encompassing messaging, video conferencing, report sharing, and mission management functionalities.
Top Player’s Company Profiles
- Google LLC
- Slack Technologies LLC
- IBM Corporation
- Atlassian Corporation Plc
- VMware Inc.
- Citrix Systems, Inc.
- Salesforce.com, Inc.
- Facebook, Inc. (Meta Platforms)
- SAP SE
- Zoom Video Communications, Inc.
- Dropbox, Inc.
- Box, Inc.
- Microsoft Teams
- Webex (Cisco)
- Zendesk, Inc.
- Asana, Inc.
- Igloo Software Corporation
Recent Developments
- September 2023: Planon announced a strategic partnership with SAP that will offer corporations a unified solution to manipulate real property and facilities. The partnership aims at helping agencies and industrial real estate bodies to streamline the management of their property portfolios, which will lead to better construction standard performances that are also more environmentally friendly.
- October 2023: Reliance Industries Ltd (RIL) and Walt Disney Co are poised to make a great partnership in the field of India’s media and leisure.
Enterprise Collaboration Key Market Trends
- Rising Consumer Awareness and increased use of clean label products: The rising inclination toward the hybrid collaboration models that span remote working setups and in-person art spaces. Groups are turning their attention to flexibility, and collaboration equipment which allow easy switching from digital to physical workspaces have become popular.
Enterprise Collaboration Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Enterprise Collaboration market evaluation well-knownshows a dynamic marketplace with some of standout trends and difficulties. The marketplace is pushed with the aid of the escalating call for for far off work solutions, fueled by global group of workers trends. However, interoperability challenges and facts protection worries act as significant restraints. Key product kinds encompass messaging, video conferencing, and undertaking management equipment. North America dominates the market due to technological leadership, at the same time as the Asia-Pacific place stories fast increase with accelerated virtual transformation projects. Noteworthy trends embody the mixing of artificial intelligence, the surge in hybrid collaboration fashions, and the developing importance of asynchronous communique equipment, reflecting the industry's adaptability to dynamic workplace paradigms.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 53.19 billion |
| Market size value in 2031 | USD 156.01 billion |
| Growth Rate | 12.70% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Enterprise Collaboration Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Enterprise Collaboration Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Enterprise Collaboration Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Enterprise Collaboration Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Enterprise Collaboration Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Enterprise Collaboration Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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