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Global $26.11 Bn Cloud Collaboration Market to 2024 by Solution, Deployment Type, End-user Industry & GeographyDUBLIN, March 21, 2019 /PRNewswire/ -- The "Cloud Collaboration Market - Growth, Trends, and Forecasts (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The Cloud Collaboration market was valued at USD 26.11 billion in 2018 and is expected to register a CAGR of 13.43%, over the forecast period (2019-2024). When properly integrated, ESC solutions empower both employees and employer. It can instill the intimacy and fun of social media into work-related communications, and lead to accomplishing tasks in new and more efficient ways. Trusted partners and valued customers can also be integrated directly into the network to everyone's mutual advantage. Cloud Collaboration in North America is Driven by the Adoption of Cloud Computing Cloud collaboration in the region is mainly driven by businesses that are adopting cloud computing to increase capacity and productivity. Companies in the region are moving beyond the public cloud and stepping into a new era of hybrid IT that combines public cloud, private cloud, and traditional IT. These organizations have implemented a hybrid cloud strategy as it is helping them to improve the way they run their business and deliver services to customers. As per the RightScale's State of the Cloud Report 2018, over 80% of the North American and European companies are using a complex deployment model in the cloud, i.e., 51% of the hybrid and 21% implementing a multi-cloud strategy, with an average of five cloud providers. This has further stimulated the cloud collaboration demand. With automation trends prominent in the region, it has become increasingly important for industries to look for solutions that can offer services to reduce infrastructure costs. Also, the increased electronic device penetration has resulted in the high adoption of BYOD, which has forced companies to adopt cloud collaboration to address employee needs. Furthermore, the presence of prominent startups with an aggressive BYOD policy and freedom for employees has augmented the growth of the cloud collaboration market. Competitive Landscape The Cloud Collaboration Market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on cloud collaboration technologies to strengthen their product capabilities. In Feb 2018, Cisco completed its acquisition of BroadSoft, which would accelerate Cisco's cloud strategy and collaboration portfolio by adding the industry's leading cloud calling and contact center solutions to Cisco's leading calling, meetings, messaging, customer care, hardware endpoints, and services portfolio. Key Topics Covered: 1 INTRODUCTION 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET INSIGHTS 4.1 Market Overview 4.2 Industry Attractiveness Porters Five Force Analysis 4.3 Technology Snapshot 5 MARKET DYNAMICS 5.1 Introduction to Market Drivers and Restraints 5.2 Market Drivers 5.2.1 Increased Mobility and Changing Working Trends, Such as BYOD 5.2.2 Rising Need for Workforce Productivity and Enterprise Agility across Time Zones 5.3 Market Restraints 5.3.1 Data Security Concerns And Application Integration Complexities 6 MARKET SEGMENTATION 6.1 By Solution 6.1.1 Unified Communication and Collaboration 6.1.2 Enterprise Social Collaboration 6.1.3 Project and Team Management 6.1.4 Document Management System 6.1.5 Support Services 6.2 By Deployment Type 6.2.1 Public Cloud 6.2.2 Private Cloud 6.2.3 Hybrid Cloud 6.3 By End-user Industry 6.3.1 Telecommunication and ITES 6.3.2 Media and Entertainment 6.3.3 Education 6.3.4 Healthcare and Life Sciences 6.3.5 Banking and Financial System 6.3.6 Government and Public Sectors 6.3.7 Other End-user Industries 6.4 Geography 7 COMPETITIVE LANDSCAPE 7.1 Company Profiles 7.1.1 Microsoft Corporation 7.1.2 Cisco Systems Inc 7.1.3 Oracle Corporation 7.1.4 HighQ Solutions 7.1.5 IBM Corporation 7.1.6 Box Inc. 7.1.7 Citrix Systems Inc. 7.1.8 Jive Software Inc 7.1.9 Mitel Networks Corp 7.1.10 Intralinks Holdings Inc. 7.1.11 Salesforce.com Inc. 7.1.12 Hyperoffice 7.1.13 Atlassian Corporation PLC 7.1.14 Adobe Systems 7.1.15 Zoho Corporation 8 INVESTMENT ANALYSIS 9 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/research/87r42s/global_26_11_bn?w=5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-26-11-bn-cloud-collaboration-market-to-2024-by-solution-deployment-type-end-user-industry--geography-300816660.html SOURCE Research and Markets |