The new report broadly segments the Enterprise Collaboration market on the basis of solutions: telephony, unified messaging, conferencing, collaboration platforms and applications, and enterprise social networks; by services: professional and support services, and consulting Services; by deployments: On-premise and On-demand; by end-users: large enterprises and small and medium enterprises; by verticals: banking, financial services and insurance (BFSI), business services, IT and telecom, manufacturing, retail and wholesale, healthcare, government, and others; by regions such as North America (NA), Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).
The major driving factors for Enterprise Collaboration market are rapidly evolving communications standards; increase in amount of data flowing for communication, hyperconnectivity to the internet, etc. Enterprise Collaboration service providers are facing challenges in terms of IT control over data being shared, limited control on flow of data, security to network infrastructure and security of the data being shared.
In recent times, enterprise collaboration has gained more attraction. Due to complex communication and rapid pace of business operations; enterprises are facing strong need for efficient and cost-effective enterprise collaboration solutions. Various efficient collaboration technologies are emerging which help in enhancing the efficiency of employee and reducing the operational cost. Due to expansion of various organizations, enterprise collaboration market presents potential opportunity for both, solution providers and services providers.
The new report forecasts the Enterprise Collaboration market to grow from $47.30 billion in 2014 to $70.61 billion in 2019. In terms of geographies, North America and Europe is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) and Europe are expected to experience increased market traction, during the forecast period.