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New Report Forecasts Significant Growth in the Enterprise Collaboration Market

March 24, 2014

A new report forecasts that the enterprise collaboration market will grow from $47.30 billion in 2014 to $70.61 billion in 2019. The report has attempted to define and segment the enterprise collaboration market into sub-segments, followed by a detailed analysis and forecast of revenues.

According to the report, North America and Europe may become the biggest markets in terms of revenue contribution while Asia-Pacific (APAC) may experience increased market traction for the same forecast period. To study the market trends, geographically the market has been divided into North America, Europe, Asia Pacific, Middle East, Africa and Latin America.

The report entitled, “Enterprise Collaboration Market [solutions (telephony, unified messaging, conferencing, collaboration platforms, enterprise social), services, deployment, user types (SME, enterprises)] - global advancements, worldwide forecasts and analysis (2014 - 2019),” highlights the factors that influence the market, and also outlines the opportunities it provides and the recent adoption trends.

The growth of the enterprise collaboration market is attributed to communications standards, boost in communication data flow, Internet connectivity, and so on. Both solution providers and services providers stand to gain from enterprise collaboration as the new collaboration technologies are expected to enhance employee efficiency at reduced costs.

However, control over data is a major hurdle for enterprise service providers owing to the shared and limited control on the flow of data and the shared network infrastructure reveals the report.

Analysts have segmented the enterprise collaboration market into telephony, unified messaging, conferencing, collaboration platforms and applications, and enterprise social networks on the basis of services. Based on deployments the market has been divided into professional, support and consulting services segments.

Enterprise collaboration has been implemented in various industries including banking, financial services, insurance, business services, IT, telecom, manufacturing, retail, wholesale, healthcare, and in government agencies. 

Edited by Cassandra Tucker

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