The report "Cloud Collaboration Market by Solution & Service (UCC, Document Management System, Project and Team Management, Enterprise Social Collaboration & Training, Consulting and Integration and Support and Maintenance), by Region - Global Forecast to 2021", is estimated to grow from USD 23.39 Billion in 2016 to USD 42.57 Billion by 2021, at an estimated CAGR of 12.7% from 2016 to 2021. The key forces driving the cloud collaboration market are emerging trend of mobility & BYOD and cost-efficient & secure cloud-based solutions. Enterprises are adopting BYOD and enterprise mobility for various reasons such as increased efficiency, reduced IT expenses, and real-time responses. Cloud collaboration solutions and services facilitate employees to share, edit, and work together. With the increase in the adoption rate of cloud-based solutions among SMEs, cloud collaboration market is expected to gain traction.
Browse 64 market data tables with 55 figures spread through 138 pages and in-depth TOC on "Cloud Collaboration Market - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
Unified communication & collaboration solution to play a key role in the cloud collaboration market
Unified communication & collaboration solution is expected to have the largest market share in the cloud collaboration solution market during the forecast period. The unified communication & collaboration solution plays a key role in the cloud communication market as it enables groups of users to interact, coordinate tasks, and share information in real-time and non-real-time models that include email, fax, SMS, instant messaging, and others.
Banking, Financial services, and Insurance vertical contributes maximum market share
Among verticals, the BFSI vertical is expected to contribute largest market share in the cloud collaboration market. The financial sector is undergoing huge transformation and it is of prime importance to become more agile, innovative, collaborative, and customer centric. The cloud collaboration solution allows the investment banks, private equity, venture capital, asset managers, and insurance firms to securely exchange business information with the partners, clients, and customers.
North America is expected to contribute the largest market share, Latin America to grow the fastest
North America is expected to hold the largest market share and dominate the cloud collaboration market from 2016 to 2021 due to the presence of a large number of cloud collaboration vendors. Latin America is in the initial growth phase and is the fastest-growing region for the global cloud collaboration market. The key reasons for the high growth rate in this region are the explosion of new technologies combined with increasing business needs and increase in the number of organizations adopting cloud collaboration solutions and services.
The major vendors providing cloud collaboration solutions and services are IBM Corporation (Armonk, New York, U.S.); Microsoft Corporation (Redmond, Washington, U.S.); Cisco Systems (San Jose, California, U.S.); Google Inc. (Mountain View, California, U.S.); Oracle Corporation (Redwood City, California, U.S.); Salesforce.com (San Francisco, California, U.S.); Jive Software (Palo Alto, California, U.S.); IntraLinks Holdings, Inc. (New York, U.S.); Mitel Networks (Ottawa, Canada); and Box (Redwood City, California, U.S.).
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: sal[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE