Online Meeting Software Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

 Global Online Meeting Software Market Research Report: by Component (Software, Services), by Deployment (Cloud-based, On-Premise), by Organization Size (Large Enterprise, SMEs), by End-User (BFSI, IT & Telecom, Government, Healthcare, Manufacturing and others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

Market Highlights

The Global Online Meeting Software Market is expected to register a CAGR of 11.1% during the forecast period of 2020–2027. There are various factors contributing to the growth of the global online meeting software such as the increasing digitalization and urbanization which is increasing the adoption of online meeting software among the enterprises to reduce the distance between the clients globally.

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Regional Analysis

The global online meeting software market is estimated to grow at a significant rate in the future. The geographical analysis of online meeting software market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America dominates the global online meeting software market, by region, due to the early adoption of the web conferencing services and online meeting. Additionally, there are various companies present in the region who offers various online meeting software and services which is driving the growth of the market. Additionally, high internet speed and developed infrastructure which increases the demand for the online meeting software market in the region. The US accounts the largest market share in the region due to presence of various industries and end-users in the region who are using these software and services such as BFSI, IT & telecom, government agencies, and others.  Whereas, Canada is expected to be the fastest-growing country in the region during the forecast period.

Europe accounts the second-largest market share in the online meeting software market due to presence of various industries such as automotive, BFSI, IT & telecom, and others which is driving the market. Additionally, the presence of various countries such as the UK, Germany, France, Italy, and others in the region are the major contributors in the global online meeting market. Additionally, the increasing ownership of smartphones has also accelerated the market growth in the region as the users can attend the web conference with smartphones irrespective of their location.

Asia-Pacific is expected to be the fastest-growing region during the forecast period due to increasing advancement in terms of technology, urbanization, and digitalization. The present companies and upcoming startups are adopting online meeting software to increase their client conversion. Additionally, the SMEs and large enterprise are also using this software to reduce their spend on travel and increase the productivity and efficiency of the work without spending much on traveling. China is expected to be the dominating country in the region whereas India is accounted to be the fastest-growing country during the forecast period.

Rest of the world is segmented as South America and Middle East & Africa is expected to be growing with a significant CAGR during the forecast period due to development of infrastructure and investments made by various industries in the region. Additionally, the subsidiaries and startups are using smartphones for online meeting to conduct training and conferencing.

Key Players

MRFR recognizes the key players in the global online meeting software market Nextiva (US),RingCentral, Inc. (US), Jive Communications (US), Vonage (US), Dialpad, Inc. (US), 8x8, Inc. (US), Ooma, Inc. (US), FluentStream Technologies, LLC (US), Zoho Corporation Pvt. Ltd. (India), Zoom Video Communications, Inc. (US), LogMeIn, Inc (US), Cisco Systems (US), Amazon Web Services, Inc. (US), IBM Corporation (US), Microsoft Corporation (US)  among others.

The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.

Key Segments

The global online meeting software market has been segmented based on component, deployment, organization size, end user, and region.

By component, the market has been segmented into software and services.

By deployment, the market has been segmented into cloud-based and on-premise

By organization size, the market has been segmented into large enterprises and SMEs.

By end user, the market has been segmented into BFSI, IT & telecom, government, healthcare, manufacturing, and others

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Procurement as a Service Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2027

 Global Procurement as a Service Market Research Report: By Component (Strategic Sourcing, Spend Management, Category Management, Process Management, Transaction Management), By Organization Size (Large Enterprises, SMEs) and By Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Retail, Manufacturing, Others) – Forecast to 2027

MARKET SYNOPSIS

The Global Procurement Service Market is valued at USD 4.93 billion in 2020 and is rising at a CAGR of 8.9% with a forecast of USD 9 Billion by 2027.

All enterprises utilize procurement services and have traditionally managed them in-house. The changing economic landscape with its emphasis on e-procurement, supply chain management, and efficient p2p systems has made it more cost-effective to outsource these services to businesses dedicated to providing procurement solutions.

As this industry grows, it becomes more cost-effective for all businesses to avail procurement services and that is a big factor in this market’s growth.

An excellent supporting infrastructure is provided by various IT companies who have expanded their profile to offer procurement services with the largest enterprises setting up their own procurement service units.

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MARKET USP

An increasing number of enterprises outsourcing all their procurement services related requirements to third-party vendors leading to rapid market growth.

SEGMENTATION

By Component

• Strategic Sourcing: The largest market by segment. Strategic sourcing overlooks the collation of information pertinent to an organization to maximize its profitability. It is utilized by all the industries across sectors.
• Spend Management: This is the fastest-growing segment. Spend management is critical for BFSIs, utilities, and healthcare, among others. Spend management analyzes the entire spending profile of an organization to make it more streamlined and cost-efficient.
• Category Management: Category management is what has allowed Wal-Mart and Amazon to dominate the retail sector. Category management benefits businesses of all sizes and with its sphere of application encompassing virtually all industries, this segment is slated to grow.
• Process Management: With an overarching aim to align and attune an organization’s entire machinery to the goals of the organization, process management is an excellent way for an enterprise to shape up and eliminate all wasteful procedures and ventures. Essential for enterprises which offer many services and products.
• Transaction Management: IT, travel, hospitality, and banking place emphasis on transaction management.

By Organization Size

• Large Enterprises: A very large segment, large enterprises often become cumbersome and utilizing procurement services, they can streamline themselves to better their profitability.
• SMEs: Often critical to their survival, procurement services are an excellent way for SMEs to build up profitability and streamline their strategic capabilities.

By Vertical

• BFSI: The BFSI sector is very large but also has intense competition. This segment benefits greatly from the use of procurement as a service due to it ensuring better supplier performance and consequent risk mitigation.
• Government & Defense: Procurement is a vital component in defense due to the critical nature of logistics in the armed forces. Governments benefit from procurement as it helps reduce redundancy in its spending while streamlining its processes and key areas where most governments lose money.
• IT & Telecom: Market intelligence and managing market activities are vital areas to address within the huge and competitive IT and telecom sector. Both these services can be aptly performed by procurement services.
• Healthcare: Spend management and category management are procurement services that greatly benefit the healthcare industry. With most of the enterprises vested in healthcare being digitalized, it is logical for them to now avail of specialized procurement services to further their interests.
• Retail: The impact of using procurement as a service within the retail industry is apparent. Amazon and Wal-Mart have a leading market share due to it. Category management can benefit all retail enterprises of any size, a fact that is causing the growth of this segment within the market.
• Manufacturing: The larger segment by market share, manufacturing has arguably the greatest benefit to derive from procurement as a service. From strategic sourcing to spend management and process management, manufacturing benefits from them all.
• Energy & Utilities: Energy and utilities need to keep a critical eye on spend management. For this purpose, they utilize procurement as a service.
• Travel & Hospitality: Transactions are essential to the travel and hospitality industry with negative publicity, bad reviews, and sloppy payment services being anathema to the industry. Procurement as a service can help address these issues and add value to the industry.
• Others: This covers virtually all other industry verticals with procurement as a service offering each enterprise a unique solution for their unique problems.

Key Players

• Accenture Plc
• Infosys Ltd
• GEP
• Genpact LLC
• Proxima Procurement Ltd
• RFCODE
• WNS Global
• Capgemini SE
• IBM Corporation
• WIPRO Limited
• HCL Technologies Ltd
• Tata Consultancy Services Limited
• Xchanging Solutions Ltd
• CA Technologies

 

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Perimeter Protection Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

 Global Perimeter Protection Market Research Report: By Component (System (Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Others), Services(Professional Services, Managed Services)), By End User (Government & Defense, Commercial, Industrial, Residential, others) and By Region – Forecast to 2027

Market Forecast

The Global Perimeter Protection Market is expected to cross USD 276.46 Billion by 2027 at an impressive CAGR of 13.46%.

Segmentation

By Component: The largest market within the component segment is the perimeter protection systems market. A vast category, perimeter protection encapsulates perimeter intrusion detection systems, video surveillance systems, access control systems, alarm & notification systems, and others. Perimeter intrusion detection systems excel in detecting a breach in the perimeter and their quick response time allows for effective countermeasures to be deployed. Video surveillance systems are affordable and can easily plug the gaps within a security perimeter. They can be monitored remotely, can store image and video data for long periods, and can be deployed in all manners of environment. Access control systems are reliable, relatively cheap, and offer significant deterrence to intruders. They can be remotely operated, passcode operated, passkey operated, or operated using retinal scans as well as thumbprints. Alarms and notifications play a huge role in perimeter protection. Effective alarms ensure security personnel can be alerted to a perimeter breach or that the intruders themselves can be made aware that their activities have been noticed. The perimeter services segment is further subdivided into two categories, professional services and managed services. Professional perimeter protection services provide perimeter protection solutions as well as training for their clientele with limited interaction thereafter save for maintenance and upgradation. Managed perimeter protection services provide the actual perimeter protection service for their clients.

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By End User: By end user, the largest market is the commercial perimeter protection services market. Commercial enterprises need to safeguard sensitive information and prevent corporate espionage. Commercial enterprises also deter theft with the implementation of perimeter protection. The government and military market for perimeter protection is growing due to an increase in global terrorism, cross-border infiltration, and illegal immigration. The US-Mexico border is an example of how perimeter protection is being used to safeguard more than 3000 km. The defense of government and military installations is also a critical aspect of this market segment. Industrial plants and warehouses are usually situated in remote locations and cover vast areas, making manned protection difficult, costly, and time-consuming. The use of perimeter protection in these areas significantly reduces infiltration and lessens the manpower burden to oversee security for such large areas. Residential perimeter protection is a growing market largely due to an increase in urbanization and a subsequent increase in urban crimes. The employment of perimeter protection for residential buildings and houses also has a marked deterrent effect.

Key Players

• Honeywell International Inc.
• Schneider Electric
• Hikvision Digital Technology Co., Ltd.
• FLIR Systems
• Axis Communications AB
• Dahua Technology Co., Ltd.
• Tyco International PLC
• Bosch Security Systems
• United Technologies Corporation
• Southwest Microwave, Inc.
• Johnson Controls International PLC
• Rbtec Perimeter Security Systems
• Fiber Sensys, Inc.
• Cias Elettronica
• Senstar Corporation
• Puretech Systems, Inc.

 

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Smart Contracts Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2027

 Global Smart Contracts Market, By Blockchain Platform (Bitcoin, Sidechains, NXT, Ethereum), By Technology (Ethereum, Rootstock (RSK), Namecoin, Ripple) By End – User (Banking, Government, Management, Supply Chain, Automobile, Real Estate, Insurance, and Healthcare).

Market Overview

The global smart contracts market is predicted to touch USD 300 million at a whopping 32% CAGR between 2020- 2027 states the recent Market Research Future (MRFR) analysis. Smart contracts, simply put, are programmable contracts that allow the verifiable, immutable, and secure records of every contract and transaction. Multisig authentication ability, oracle inputs, and programmability are some of its key features. It has wide applications in healthcare, automobile, insurance, management, government, real estate, supply chain, and banking.

Various factors are propelling the global smart contracts market share. As per the current MRFR report, such factors include increasing use of smart contracts in different industries like real estate, insurance, government, banking, and supply chain, the rising popularity of blockchain technology, fall in operational cost due to use of blockchain technology, presence of excellent digital characteristics, user-friendly, offers transparent agreements between records and parties, freedom of autonomy, and sufficient backup & safety. 

On the contrary, scarcity of expertise, lack of awareness, and the recent COVID-19 impact are factors that may limit the global smart contracts market growth over the forecast period. 

Segmental Analysis

The MRFR report provides an inclusive segmental analysis of the global smart contracts market based on the blockchain platform, end users, and technology. 

By blockchain platform, the global smart contracts market is segmented into ethereum, bitcoin, NXT, and sidechains. Of these, the ethereum segment will lead the market over the forecast period for its high preference owing to its being a highly advanced coding as well as processing tool. 

By technology, the global smart contracts market is segmented into namecoin, ripple, ethereum, rootstock (RSK), and others. 

By end user, the global smart contracts market is segmented into healthcare, automobile, insurance, management, government, real estate, supply chain, and banking. 

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Detailed Regional Analysis 

Based on the region, the global smart contracts market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, Europe will lead the market over the forecast period. Rapid digitalization in European industries and several European companies integrating digital solutions for increasing their competitiveness are adding to the global smart contracts market growth in the region. In this region, market players are focusing actively on implementing strategies and on product innovation, which enables them to consolidate their market position. Most companies are investing in mergers & acquisitions too. Besides, collaborations and partnerships have also increased, which is adding to the market growth. 

This is followed by North America, which is predicted to have substantial growth over the forecast period. Increasing adoption of digitalization in Japan, the UK, the US, and China, coupled with the presence of top blockchain technology providers, is adding to the global smart contracts market growth in the region. Besides, the new entrants and the various diversified and dynamic national & global organizations form a crucial part of the competitive landscape in the market. The US has the largest share in the market for the presence of a huge IT sector. 

The global smart contracts market in the APAC region is predicted to grow at a fast pace during the forecast period, and that in the RoW is predicted to have sound growth over the forecast period. 

Competitive Analysis

Eminent players profiled in the global smart contracts market report include GoCoin Pte. Ltd (Singapore), BitPay, Inc (U.S.), Coinify ApS (Denmark), Chain, Inc. (U.S.), BlockCypher, Inc (U.S.), Bitfinex (Hong Kong), Coinbase, Inc (U.S.), Blockstream Corporation (U.S.), Monetas (Switzerland), and Monax Industries Limited (U.K.), among others. Industry players have encompassed strategies such as acquisitions, mergers, joint ventures, collaborations, partnerships, strategic alliances, contracts, extensive R&D, new product launches and new product development, and geographic expansions to stay at the forefront and also cater to consumers growing needs. 

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Email Encryption Market Sales Revenue, Worldwide Analysis, Competitive Landscape, Future Trends, Industry Size and Regional Forecast To 2027

 

Global Email Encryption Market Research Report: by Type (End-to-End Encryption, Gateway Email Encryption, Boundary Email Encryption, Hybrid Encryption and Client Plugins), by Organization Size (SMEs and Large Enterprises), by Deployment (Cloud and On-Premise), by Vertical (BFSI, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Retail and others) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

Market Highlights

The global email encryption market is expected to register a CAGR of 22% during the forecast period of 2020–2027. There are various factors contributing to the growth of the global email encryption market, such as, the increasing requirement for secured email among business organizations, industries, and individuals. Moreover, the increasing generation of data by the BFSI and government verticals, among others, requires a secure medium for the transfer of critical information. There are various benefits of email encryption; for instance, it protects private information, reduces the cost of buying private servers, and also averts spam.  

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Key Segments

By type, the market has been segmented into end-to-end encryption, gateway email encryption, boundary email encryption, hybrid encryption, and client plugins and others.

By organization size, the market has been segmented into large enterprises and SMEs.

By deployment, the market has been segmented into cloud and on-premise.

By vertical, the market has been segmented into BFSI, government & defense, IT & Telecom, healthcare, manufacturing, retail, and others.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Key Players

MRFR recognizes the key players in the global email encryption market as Micro Focus International PLC (UK), Symantec Corporation (US), Cisco Systems, Inc. (US), Trend Micro Inc. (Japan),Sophos Group PLC (UK), Proofpoint, Inc. (US), BAE Systems PLC (UK), Zix Corporation (US), Entrust Datacard Corporation (US), Mimecast Services Limited (US), Egress Software Technologies Ltd (UK), and Intermedia.net, Inc.(US).

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.

Regional Analysis

The global email encryption market is estimated to grow at a significant rate in the future. The geographical analysis of email encryption market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

North America dominates the global email encryption market, by region, due to the early adoption of the email encryption across various industries. Presence of technically skilled expertise and the presence of BFSI, manufacturing, and other industries which produce a significant amount of data and uses email services as a mode to transfer this information accounts for the high adoption rate of e-mail encryption in the region. The market in North America has been further segmented based on countries into the US, Canada, and Mexico. The US holds the largest market share in North America, followed by Canada and Mexico. The US dominates in the region due to the presence of various key vendors such as Symantec Corporation, Cisco Systems, Inc., and Proofpoint, Inc. Also, the requirement of email encryption by various business in the region is increasing.  

Europe holds the second largest market  in the global email encryption market due to the presence of various key players such as BAE Systems PLC, Sophos Group PLC, and Egress Software Technologies. Moreover, there various industries present in the region, including BFSI, automation, transportation, healthcare and pharmaceuticals, aerospace & defence, and government

The market in Asia-Pacific accounted for the third-largest share; it is expected to grow at a higher rate during the forecast period due to large scale adoption among the retailers, government, and BFSI industries. Moreover, the presence of various countries such as China, Japan, India, Australia, and Singapore also contributes to the growth of the email encryption market in the region.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Logistics Automation Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2027

 Global Logistics Automation Market Research Report: by Component (Hardware, Software and Services ), by Application (Warehouse Management, Transportation Management), by Organization Size (SMEs and Large Enterprises), By End-User (Retail and E-Commerce, Manufacturing, Oil, Gas, & Energy, Healthcare and Pharmaceuticals, Logistics & Transportation, Automation, Aerospace & Defense and others ), by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

Market Highlights

The logistics automation market is expected to register a CAGR of 11.7% during the forecast period of 2020–2027. There are various factors which are contributing to the growth of the logistics automation market, such as exponential growth in the e-commerce industry, advancements in robotics, and smart devices to control various processes.

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Key Segments

By component, the market has been segmented into hardware, software, and services

By organization size, the market has been segmented into large enterprises and SMEs.

By application, the market has been segmented into warehouse management and transportation management.

By end user, the market has been segmented into retail and e-commerce, manufacturing, oil & gas, healthcare and pharmaceuticals, automation, aerospace & defense, and others

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Key Players

MRFR recognizes the key players in the global logistics automation market as Dematic Corp. (US), Daifuku Co., Ltd (Japan), Swisslog Holding AG (Switzerland), Honeywell Intelligrated (US), Murata Machinery Limited (Japan), Knapp AG (Austria), Jungheinrich AG (Germany), SSI Schaefer LLC (UAE), Mecalux, SA (Spain), VITRONIC (Germany), Beumer Group (Germany), Toshiba Infrastructure Systems & Solutions Corporation (Japan), TGW Logistics Group GmbH (Austria), WiseTech Global (Australia), System Logistics SPA (Italy), and Falcon Autotech (UK).

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

Regional Analysis

The global logistics automation market is projected to grow at a significant rate during the forecast period from 2020 to 2027. The geographical analysis of logistics automation market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world

Among these, North America dominates the market due to the presence of key market players such as XPO Logistics, Americold Logistics, and Honeywell Intelligrated.Moreover, the increasing retail and e-commerce market in the region is contributing significantly to the growth of the logistics automation market. Additionally, the advancements in the robotics and IoT devices in the region drive the market in the region. The market in the US dominates the market in North American logistics automation market due to the increasing demand for these solutions in retail and e-commerce, manufacturing, automotive, and other industries to enhance the operation and workflow. These systems are used as the decrease the cost caused by error through mechanical work making it through automation.

Europe accounts for the second largest market  in global logistics automation due to the presence of various key players such as Jungheinrich AG, Knapp AG, and Swisslog. Moreover, there various industries present in the region, including automation, transportation, healthcare and pharmaceuticals, and aerospace and defense that are adopting the systems on a rapid pace including medium enterprises. However, the high cost of the technology is expected to hamper market growth.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Enterprise Collaboration Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2027

 Global Enterprise Collaboration Market, By Component (Solutions, Services), By Type (Asynchronous, Synchronous), By Organization Size (Large Enterprises, SMEs), By Deployment (Cloud, On-Premise), By Vertical (BFSI, IT & Telecommunications, Retail, Healthcare, Travel & Hospitality, Transportation & Logistics, Government, Energy & Utilities, Education, Others) - Industry Forecast till 2027

Market Highlights

Adoption of enterprise collaboration tools has been getting a boost in the recent years with key players such as Slack Technologies, Microsoft Corporation, and Facebook Inc. releasing featured upgrades enabling their collaboration software to work efficiently for enterprise users. In 2018, Facebook Inc. announced an upgrade in its Workplace collaboration tool user interface which allows employees to access other services like SharePoint within the Workplace UI. In May 2019, Microsoft Corporation also made interface changes to its Teams collaboration tool, permitting administrators to let quickly add or remove team members, and change user settings and make changes across the whiteboard. The company also added technical support for Teams Whiteboard on Surface Hub conferencing system. Growth and development of various enterprise platforms and tools such as Blink mobile app, Jira software, Smartsheet platform among others is expected to drive the market across the globe.

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Key Players

MRFR recognizes the key players in the global enterprise collaboration market as – VMware, Inc. (Dell Technologies), Adobe Inc., Cisco Systems, Inc., Atlassian Corporation Plc, Facebook, Inc., Microsoft Corporation, Igloo Software, Jive Software, Mitel Networks Corporation, Salesforce.com, Inc., SAP SE, Slack Technologies, TIBCO Software Inc., Google LLC, and IBM Corporation.

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

Key Segments

According to Market Research Future, the enterprise collaboration market has been segmented on the basis of component, type, organization size, deployment, vertical, and region.

By component, the market has been segmented into, solutions and services.

By type, the market has been segmented into asynchronous and synchronous

By organization size, the market has been segmented into Large enterprises and SMEs.

By deployment, the market has been segmented into cloud and on-premise

By vertical, the market has been segmented into BFSI, IT & telecommunications, retail, healthcare, travel & hospitality, transportation & logistics, government, energy & utilities, education, and others.

Regional Analysis

The global market for enterprise collaboration is estimated to grow at a significant rate during the forecast period from 2020 to 2027. The geographical analysis of enterprise collaboration market has been done for North America (the US, Canada, Mexico), Europe (the UK, Germany, France, Spain, Italy, the rest of Europe), Asia-Pacific (China, Japan, India, Singapore, Australia, the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).

Among these, the North America region dominates the market due to the presence of key market players such as IBM Corporation, Microsoft Corporation, Oracle Corporation, and others offering cloud-based enterprise collaboration solutions and services which is accelerating the market growth in this region. Countries such as the US, Canada, and Mexico are expected to witness growth in the adoption of enterprise collaboration tools to streamline critical business processes and promote employee engagement and workforce collaboration. North America region is expected to experience a surge in embracing cloud-based enterprise solutions across various sectors mainly BFSI, IT & telecom and healthcare. Further, the region is witnessing rapid growth in the number of SMEs offering enterprise collaboration software contributing to the market growth in this region.  

Europe accounted for the second-largest market share due to rising adoption of secured enterprise collaboration tools for effective management of content within enterprises across various locations. Increasing adoption of enterprise collaboration software in countries such as the UK, Germany, France, Spain, Italy, the Netherlands, Portugal, Sweden, Austria, and other European countries drives the market growth. Rising penetration of social networking tools and collaboration platforms among the European industry verticals such as the BFSI, IT & telecom, retail, healthcare, government, and education is also expected to promote the market growth. Moreover, investments made by key market players to offer enterprise solutions to SMEs as well as large European enterprises to expand their presence across countries also contributes to the growth of the enterprise collaboration market in Europe.

Asia-Pacific region accounted for the third-largest market share; it is expected to grow at a high rate during the forecast period due to large scale adoption of enterprise collaboration solutions in the financial service and the IT & telecom sector. Furthermore, significant investments by enterprises in China, Japan, Australia, India, Singapore, and Malaysia for adopting effective collaboration solutions for internal as well as external cross border communications and enterprise collaborations fosters the market growth in this region. The market growth is also driven by rising demand in the Asia-Pacific retail and e-commerce industry for robust collaboration and enhanced decision-making. Other countries such as the Phillippines, South Korea, Indonesia, Thailand, Sri Lanka, Myanmar, and Vietnam present a number of growth opportunities for the key market players in the coming years.

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