Over the projected period 2019 to 2028, the global Cloud Collaboration Market, to reach USD 78.28 billion by 2028, is expected to increase at a healthy rate of more than 12%.
Cloud Collaboration Market Overview
Cloud Collaboration enables organisations to use resources more effectively and efficiently, resulting in a higher return on investment for existing stakeholders. Many low- and middle-income organisations have begun to reap the benefits of AI's capabilities, resulting in more opportunities for small entrepreneurs to start new businesses. AI is being hailed as the next great technical advancement, following in the footsteps of the industrial revolution, the computer age, and the introduction of smartphone technology. Furthermore, the introduction of image, face, and voice recognition technology is expected to accelerate Market growth in the twenty-first century.
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Cloud Collaboration Market Key Players
Some of the key manufacturers involved in the Market are Google Inc. (Alphabet Inc.), Microsoft Corporation, Cisco Systems Inc., HighQ Solutions Limited, Box Inc., IBM Corporation, Oracle Corporation, Citrix Systems Inc., Jive Software Inc., Salesforce.com Inc., Mitel Networks Corp, Intralinks Holdings Inc. Frequent cross industry partnerships are leading to Market consolidation.
This report defines, describe, and forecast the overall Market segmented on the basis of components, technologies, end-use industries, and regions. It analyses the Markets with the respect to individual growth trends, prospects, and contributions to the Cloud Collaboration Market, opportunities in the Markets through various stakeholders by identifying the high-growth segments of the Market. It also analyses the various strategic development, merger and acquisition, product launches, and main research and development in Cloud Collaboration Market.
Cloud Collaboration Market Segmentation
Solution Type Segment, 2019-2025, (in USD million)
- Unified Communication and Collaboration
- Enterprise Social Collaboration
- Project and Team Management
- Document Management System
- Support Services
Deployment Segment, 2019-2025, (in USD million)
- Public Cloud
- Private Cloud
- Hybrid Cloud
End-Use Industry Segment, 2019-2025, (in USD million)
- Telecommunication and ITES
- Media and Entertainment
- Education
- Healthcare and Life Sciences
- BFSI
- Government and Public Sectors
- Others
By Regions:
- North America
- S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Rest of the World
The demand for Internet-of-Things (IoT) technology and services are growing globally, especially around applications within the healthcare, energy, transport, public sector, and manufacturing industries. Many countries have led to the emergence of IoT/smart city projects.
Cloud Collaboration Market Regional Analysis
According to the International Trade Administration, Ireland’s U$ 50 billion digital economy accounts for 13% of GDP. Around 1,000 digital firms operate in Ireland, including major U.S. MNEs like Apple, AWS, Cisco, Facebook, Google, HPE, IBM, Intel, and Microsoft. Despite the impact presented by the COVID-19 pandemic, the US$ 5 billion ICT Market has maintained demand as digital technologies and solutions recreate a tremendous role globally.
The Asia Pacific Cloud Collaboration Market is anticipated to be the fastest-growing Market, owing to the rapid improvement in Data Storage capacity, high computing power, great output and processing which leads to a good contribution to the growth of Cloud Collaboration Market in the end-user organization such as automotive and healthcare.
The U.S. accounted for the major share in the global landscape in technology innovation. As per the World Economic Forum’s 2018 Global Competitive Index, the country’s competitive advantage is owing to its business vitality, substantial institutional pillars, financing agencies, and vibrant innovation ecosystem.
Table of content:
- Market Snapshot
- Key Trends
- Estimation Methodology
- Research Assumption
- Objective of the Study
- Market Definition Scope
- Market Drivers
- Market Opportunities
- Porter’s 5 Force Model
- PEST Analysis
- Risk Assessment: COVID-19 Impact
- Competitive Intelligence
- Research Process
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