The Global Cloud Collaboration Market is valued at USD 23.31 billion in 2016 and is expected to reach a value of USD 49.06 billion by the end of 2022, growing at a projected CAGR of 13.2% during the forecast period of 2017 – 2022. Cloud collaboration is an enterprise collaboration which enables more users to access and work together with the documents along with other data types which are uploaded and stored in a cloud that can be accessed even from outside of the organization firewall.
The agile nature of cloud collaboration boosts the unprecedented changes in IT, content and applications. Cloud Collaboration enables meetings with remote participants and virtual teams, incorporates video into meetings, enable remote workers to access the collaboration applications, create flexible office space etc. It lets create internal communities and team workspaces, collaborate with external organizations, locate and access remote experts in real time and enables usage of any own device (Bring Your Own Device or BYOD).
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The Cloud Collaboration market is driven by various factors such as transformation in work culture which enables usage of own device (BYOD), reduction in costs and increased productivity and service deliveries without high capital expenditure. As well as the ability to collaborate across time zones, functional and organizational boarders and reduced burden on resource-constrained IT helps the increasing agile business execution. The growth in Cloud Collaboration market is hindered by the factors such as data security concerns such as the uncontrolled storage by users in external file sharing systems which is a serious threat to the intellectual property of the organization, utmost dependency on the internet services.
With the improved performances of businesses, flexible deployment and consumption of collaboration services, partnership with experienced service providers and rise in SMEs choosing cloud based solutions, the collaboration market is expected to have handful of growth opportunities. However the organization face challenge in choosing the appropriate collaboration tool which serve the business requirements. The challenge within the organization is to make team leads and employees use the new collaboration tools instead of using traditional tools like email.
The research study on Cloud Collaboration market can be segmented based on the following criteria: solution, service, deployment type, end user industry vertical and geography. On the basis of the Cloud Collaboration solutions the market is segmented into Unified communication and Collaboration (presence information, instant messaging, IP telephony, audio, video & web conferencing and others), Enterprise social collaboration, Project and Team management and Document Management System. Enterprise and Social collaboration is expected to grow with highest rate and Unified communication and collaboration is expected to hold the major share of the market in the forecast period. Based on the end user industry vertical the market is segmented into Telecommunication and ITES, Media and Entertainment, Retail and Consumer goods, Banking Financial systems & Insurance, Education Healthcare and Life Sciences and others. Banking, Financial Services and Insurance sector is dominating the current market and entertainment and media sector is expected to grow with highest rate in the forecast period.
The geographical coverage of the Automated Material Handling Systems market has been segmented based on the geographical region as North America, Latin America, Asia-Pacific region, Middle East & Africa and Europe. The key market players include Microsoft Corporation, Google Inc., Cisco Systems Inc., Oracle Corporation, Box Inc., Citrix Systems Inc., Broadsoft Inc., Highq Solutions Limited and others.
Key deliverables of the study
Market definition of cloud collaboration in the global market along with market drivers and restraints.
Market segmentation and the corresponding market share analysis.
Global and region specific competitive market analysis of cloud collaboration.
Analysis on the key factors which influence the market scenarios along with the growth opportunities.
Identifying the market leaders and analyzing their strategic moves and their market share.
Covers the market landscape with the geographical foot print, key growth strategies and competitive market share analysis.
This report provide in-depth analysis for the Porter\’s five forces of the market. All these five major factors in the market have been quantified using the internal key parameters governing each of them.
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Table of Contents
1.1 Study Deliverables
1.2 Market Definition
1.3 Study Assumptions
2. Research Methodology
3. Executive Summary
4. Market Dynamics & Trends
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increased agile support for changing business requirements
4.2.2 Increased mobility & Changing working trends such as BYOD
4.2.3 Possibility of collaboration across time zones, functional and organizational boarders
4.3 Market Restraints
4.3.1 Data security concerns
4.3.2 Utmost dependency on internet services
4.4 Industry value chain analysis
4.5 Industry attractiveness – Porter’s Five Force Model
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat from new entrants
4.5.4 Threat from substitute Product types
4.5.5 Competition rivalary within the industry
5. Technology Overview
5.1 Technology Snapshot
5.2 Recent Developments
6. Cloud Collaboration – Market segmentation by Solution
6.1 Unified communication and Collaboration
6.1.1 Presence Information
6.1.2 Instant messaging
6.1.3 IP telephony and VOIP
6.1.4 Audio, Video & Web Conferencing
6.2 Enterprise social collaboration
6.3 Project and Team management
6.4 Document Management System
7. Cloud Collaboration – Market segmentation by Service
7.1 Cloud support and maintenance
7.2 On-premises deployment
7.3 Training and Consulting
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