Social network file sharing software#

The countries covered in the report are North America, Europe, Asia Pacific, Middle East Africa, and Latin America. BFSI, manufacturing, and telecom and IT are the major contributors to the enterprise collaboration market growth.

The network and software product companies are competing in the market, focusing on the better value proposition for the organizations in the better provision of well-connected internal teams. The industry verticals include BFSI, manufacturing, telecom and IT, government, healthcare and life sciences, consumer goods and retail, energy and utilities, and others. The organizations are deploying enterprise collaboration software because of the increasing focus to expedite business operations and strong work engagements from employees. The cloud migration of SMEs is comparatively easier than large enterprises, which is driving the growth of SaaS adoption. The large enterprises are estimated to hold the significant market share in 2018, however, SMEs are expected to grow at higher CAGR. The organization size includes large enterprises and SMEs. The Asia Pacific region holds a huge potential for the vendors and is expected to grow at the highest CAGR during the forecast period 2018–2023. The cloud deployment mode offers enterprises to opt for SaaS on a subscription basis rather than incurring costs on hardware and infrastructure. The adoption of enterprise collaboration software is the highest in North America owing to the early adoption of technologies and business productivity optimization. The Asia Pacific region is expected to realize the benefits of the connected workforce and faster business operations. The enterprise social network segment is expected to grow at the highest CAGR during the forecast period. The services include file sharing, messaging, audio and video, enterprise social network, intranet and portal, and project and calendar management. The enterprise collaboration market revenue is estimated to be $31.74 billion in 2018 and is expected to reach $53.83 billion by 2023, growing at a CAGR of 11.15% during the forecast period 2018–2023.

Market Revenue and Segmentation Analysis: Furthermore, the software helps in better record keeping of files with version updates, automating, and streamlining shared files that help in tracking the updates of various projects in an organization.

An increase in the adoption of cloud, mobility, and others has led to the digital transformation of workplace and modes of communication among employees. Over the past few years, organizations have focused on their internal communications to increase the productivity with faster interaction among employees and teams.

Social network file sharing software#