The global cloud collaboration market is predicted to grow from $53.39 billion in 2020 to $87.57 billion by 2025, garnering a CAGR of 12.7% during the outlook period from 2020 to 2025.
Collaboration in the cloud provides a secure environment for colleagues to share and work on a single document simultaneously. This service works using cloud computing and extends its services to other managed cloud services, such as a communication channel. Collaboration in the cloud enables access to large files and enables real-time updates, improving organizations as a whole.
Collaboration solutions in the cloud also offer great agility to businesses while allowing easy sharing of data between remote and virtual users. Companies are now looking for services that offer easy access and increased productivity with changing business demands, meeting the growing need for agile support.
With increasing automation trends, coupled with changing mobility, it has become increasingly important for organizations to seek solutions capable of delivering services, thereby reducing overall infrastructure costs. Additionally, companies adopting mobile services are implementing new policies to increase employee engagement and ease of use, which has become essential for providing data access across multiple devices.
The coronavirus outbreak has forced several organizations to review their IT strategies as a top priority. Several organizations also highlighted the importance of having the right cloud-based collaboration tool that will allow employees to work remotely to limit the impact on productivity.
Cloud solutions have provided vital connectivity to businesses and populations. Supportive efforts to ensure that employees can access critical business information while enabling secure, real-time collaboration between colleagues is a primary reason for the increased adoption of these solutions.
Recent Developments:
Market Growth and Trends:
Unified communication and collaboration solutions to drive market growth
Global Cloud Collaboration Market Drivers and Restraints:
Drivers
Restraints
Global Cloud Collaboration Market Segmentation
The global cloud collaboration market is segmented and sub-segmented into the following categories:
The solutions segment is further classified into unified communication and collaboration, document management system, project and team management, and corporate social collaboration. Services include training, consulting and onboarding, as well as support and maintenance.
Regional Analysis:
By geography, the cloud collaboration market is studied in four regions including North America, Europe, Asia-Pacific and LAMEA. Of these, North America accounts for the lion’s share in the international market due to the presence of leading companies, which is followed by the areas like Europe, Asia Pacific and others. Nevertheless, the Asia Pacific with the nations like Japan, Singapore, Australia, China, India and others, is likely to offer numerous growth opportunities for the cloud collaboration market to expand in the coming years.
Competitive Scenario:
Players are heavily focused on developing encryption tools to secure the collaboration platform in the cloud. In December 2019, JetBrains released the Space collaboration tool for DevOps teams. The DevOps collaboration tool can integrate communication, team and project management, all under a single environment. The software enables the automation of any workflow, from onboarding any new employee to setting up request merge rules in DevOps integration and continuous delivery channels. It also offers a calendar of meetings, projects, tasks, confirmations, code reviews, and internal blog feed.
Key market players:
This report also provides comprehensive profiles and analysis of major market players, such as Microsoft Corporation, IBM Corporation, Cisco System Inc., Google Inc., Oracle Corporation, Salesforce.com Inc., Intralinks Holdings Inc., and Mitel Network Corporation.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Cloud Collaboration Market, By Component
6.1.1 Solutions
6.1.2 Services
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Cloud Collaboration Market, By Deployment Model
6.2.1 Public
6.2.2 Private
6.2.3 Hybrid
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Cloud Collaboration Market, By Organization Size
6.3.1 SMEs
6.3.2 Large Enterprises
6.3.3 Market Size Estimations & Forecasts (2021-2026)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Cloud Collaboration Market, By Vertical Industry
6.4.1 BFSI
6.4.2 Consumer Goods and Retail
6.4.3 Education
6.4.4 Public Sector
6.4.5 Health and Life Sciences
6.4.6 Manufacturing
6.4.7 Media and Entertainment
6.4.8 IT and Telecommunications
6.4.9 Market Size Estimations & Forecasts (2021-2026)
6.4.10 Y-o-Y Growth Rate Analysis
6.4.11 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Component
7.2.3 By Deployment Model
7.2.4 By Organization Size
7.2.5 By Vertical Industry
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Component
7.3.3 By Deployment Model
7.3.4 By Organization Size
7.3.5 By Vertical Industry
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Component
7.4.3 By Deployment Model
7.4.4 By Organization Size
7.4.5 By Vertical Industry
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Component
7.5.3 By Deployment Model
7.5.4 By Organization Size
7.5.5 By Vertical Industry
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Component
7.6.3 By Deployment Model
7.6.4 By Organization Size
7.6.5 By Vertical Industry
8. Key Player Analysis
8.1 Microsoft Corporation
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 IBM Corporation
8.3 Cisco System Inc
8.4 Google Inc
8.5 Oracle Corporation
8.6 Salesforce.com Inc
8.7 Intralinks Holdings Inc
8.8 Mitel Network Corporation
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
