The Enterprise Collaboration Market is supposed to simplify communication, enhance business productivity, and improve operational efficiency.
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Due to the technology landscape which is changing, enterprise collaboration and the cloud based software are adopted by the organizations. Organizations are expanding their geographical reach, resulting in the formation of new teams working from different locations and in different time zones.
Enterprise social networks are gaining traction in the Enterprise Collaboration Market. The enterprise collaboration system is used across different industries like banking, financial services, insurance, public sector,.
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Scope & Regional Forecast of the Enterprise Collaboration Market
The Enterprise Collaboration Market is expected to grow due to the increasing demand for integrated and comprehensive enterprise collaboration services. The use of SIP Trunking and the uptake of WebRTC across KPO and BPOs will broaden the scope for enterprise collaboration tools.
North America dominates the Enterprise Collaboration Market due the presence of lucrative opportunities. The region has well designed collaboration tools like application sharing tools, video and audio conferencing software, and web services.
Higher growth in Asia Pacific is due to increasing number of small and medium enterprises in countries like India, China, and Japan. The expansion of the IT industry in Asia Pacific will propel the demand for enterprise collaboration platform.
Video conferencing, messaging, contact center, collaboration tools, and telephony are the main segments in the Enterprise Collaboration Market. Video conferencing held the dominant share in 2016.
Rise in the demand for enterprise collaboration software is likely to shift the focus from video conferencing in the coming years. Widespread usage of social networking websites, increased usage of mobile devices, and the need for improved enterprise efficiencies will drive the growth of the enterprise tools.
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Segmentations & Key Players Involved in the Enterprise Collaboration Market
The Enterprise Collaboration Market can be broken down into various segmentations on the basis of –
- Region- North America, Europe, and Asia Pacific.
Some of the key players involved in the Enterprise Collaboration Market are as follows:
- Company A
- Company B
- Company C
- Company D
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