Global Enterprise Collaboration Market Report 2022

New York, Sept. 12, 2022 (GLOBE NEWSWIRE) — announces the release of the “Enterprise Collaboration Global Market Report 2022” –

The global enterprise collaboration market is expected to grow from $41.66 billion in 2021 to $46.91 billion in 2022 at a compound annual growth rate (CAGR) of 12.60%. The market is expected to reach $73.52 billion in 2026 with a CAGR of 11.89%.

The enterprise collaboration market consists of sales of enterprise collaboration by entities (organizations, sole proprietorships, and partnerships) that refer to internal and external information system tools that collect, share, and store information between users. This includes using a collaboration stage, communication instruments, corporate intranet, file sharing tools, cloud storage, video conferencing and whiteboards to interact and communicate across and beyond the work environment.

The main types of enterprise collaboration include internal and external enterprise collaboration solutions. Internal enterprise collaboration refers to the digital workspace to share knowledge and expertise internally across the organization.

They are deployed in small and medium enterprises on premises or through a cloud platform. Enterprise collaboration solutions and services are used in the information technology (IT) and telecommunications, government, energy and utilities, banking, financial services and insurance ( BFSI), manufacturing, retail and consumer goods, healthcare, travel and hospitality.

North America was the largest region in the enterprise collaboration market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.

Regions covered in the Enterprise Collaboration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.

The Enterprise Collaboration Market research report is part of a series of new reports that provide statistics on the Enterprise Collaboration market, including the global market size of the Collaboration industry Company, Regional Shares, Competitors Holding Enterprise Collaboration Market Share, Detailed Enterprise Collaboration Market Segments, Market Trends and Opportunities. , and all the other data you might need to thrive in the business collaboration industry. This Enterprise Collaboration Market research report offers a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.

Increased collaboration and communication across multiple geographies is expected to propel enterprise collaboration. The success of large organizations often depends on the ability of their employees to collaborate over time and remotely.

Greater collaboration drives productivity, improves innovation and shortens cycle time. Many IT tools facilitate business collaboration, such as file sharing, instant messaging, cloud storage, whiteboard, and other IT tools.

These tools often have overlapping functionality and different standards on a company’s IT organization and infrastructure.

According to a survey conducted by Gartner, a US-based management consulting firm revealed that in August 2021, the use of collaboration tools by workers increased by 44% since 2019. As a result, increased collaboration in several geographies is expected to drive the demand for enterprise collaboration tools during the forecast period.

Technological advancement is a key trend that is gaining popularity in the enterprise collaboration market.

For example, in May 2020, IBM Technologies, a US-based technology company, introduced IBM Watson AIOps, which uses artificial intelligence to reliably run enterprise applications and streamlines detection, diagnosis and response to IT inconsistencies in real time. Chief information officers (CIOs) can use IBM Watson AIOps to automate various aspects of IT development, infrastructure, and operations.

In November 2020, Adobe Inc, an American software solutions provider, acquired Workfront for $1.5 billion. With this acquisition, Adobe Experience Cloud and Workfront have focused on developing tools to improve the efficiency, collaboration and effectiveness of marketing teams, which are currently constrained due to decentralized and polluted work management solutions. Workfront is a US-based software company that creates web-based work management and project management software that includes enterprise work management, issue tracking, document management, time tracking and portfolio management.

The countries covered in the Enterprise Collaboration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea South, the United Kingdom and the United States.
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