Global Enterprise Collaboration Market was valued at USD 30.55 billion in 2019 which is expected to reach USD 49.88 billion by 2027 at a CAGR 8.5%.

Enterprise collaboration is a system of communication that enables employees and teams within the enterprises to share information with each other on projects, via collaboration platforms, unified communication tools, file synchronization and sharing exchanges, enterprise social networking tools, corporate intranet portals and other project management solutions. Key benefits of encompassing an enterprise collaboration strategy include:

Enhanced productivity and efficiency throughout the enterprise
Seamless coordination among project workflows and teams
Streamlining work and empowering business performances

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Market Dynamics

The global Enterprise Collaboration market is estimate to grow at a CAGR of 11.1% from 2019-2027, as enterprise are looking for communication and collaboration tools for enhanced team productivity and efficiency. The rising demand for unified communication platforms from emerging and developing economies such as Asia-Pacific and Middle East & Africa, would fuel the market growth in the coming years

The market in Asia Pacific Region is projected to exhibit the highest growth at a CAGR during the forecast period, owing to the increasing demand for unified collaboration and communication solutions in emerging economies such as China, India and others.

In the Solution segment, Enterprise Video segment is expected to dominate the Enterprise Collaboration market throughout the forecast period

Among the Industry segment, IT & Telecom, Healthcare and Retail & CPG industry segments is expected to drive the market demand for enterprise collaboration solutions.

Drivers:Growing demand for internal and external communications between teams, across the organization

The global workforce dynamics are changing drastically, with increase in demand for collaboration, co-ordination and communication within the teams. As the employees are working differently across geographies, departments and projects, they require certain tools to collaborate and communicate seamlessly, to increase productivity and higher engagement levels. This is essential for both internal as well as external enterprise collaborations, where the employees are more informed and connected internally and can engage with external customers via social media networks for enhanced customer satisfaction. Hence, the enterprises are looking for an effective collaboration strategy to streamline workflows and effective project management.

Market Key Players

Various key players are discussed in this report such as Atlassian Corporation PLC, Vonage Networks LLC,Fuze Inc., 8x8, Inc, Igloo, Inc, Facebook, Inc, VMware, Inc., Slack technologies, Inc, Microsoft Coporation, IBM Corporation.

Market Taxonomy

By Enterprise Size

Small and Medium Size Enterprises
Large Enterprise
By Components

Solutions
Enterprise Video
Gateways and Intranet Platform
File Sharing and Synchronization
Enterprise Social Network
Others
Services
Managed Services
Professional Services
By Industry Vertical

BFSI
Retail
Public Sector
Healthcare
IT & Telecommunication
Others
By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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