Published Date : Aug 29, 2016
ALBANY, NY, Aug 29, 2016 - MarketResearchReports.biz has added a new report, titled “Global Cloud Collaboration Market 2016-2020,” to its offering. This study presents a comprehensive assessment of the market and provides insights into the prime trends and opportunities in the global cloud collaboration market. Various leading databases, journals, and press releases have been consulted for compiling this study. Key market dynamics such as the drivers and restraints in the market have also been presented. Furthermore, the macroeconomic indicators and the market attractiveness have been presented through this report.
The first section of the report presents information about the market landscape. This section examines the current size of the market and predicts the growth rate for the forecast period. The global cloud collaboration market is predicted to rise at a whopping 11.09% CAGR between 2016 and 2020. Cloud collaboration aids organizations in improving their service efficiency while lowering their overall cost. It enhances productivity and lowers the issues related to information exchange. It also helps enterprises in resolving any kind of operation-related conflicts and connects them with new customers.
In the following part of the study, the report presents the segmentation of the global cloud collaboration market. In terms of deployment type, the report segments the market into hybrid cloud, public cloud, and private cloud. Of these, the public cloud segment led the market in 2015 and constituted a share of approximately 68% in the global market. This is owing to the fact that public cloud-based storage infrastructures present an on-demand scalability to enterprises.
By solution, the report categorizes the market into enterprise communication and unified communication and collaboration. Amongst these, the segment of unified communication and collaboration held a significant share of approximately 53% in the market in 2015. The reason for the dominance of this segment is that unified communication and collaboration solutions enhance collaboration amongst clients, suppliers, and employees.
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By geography, the report segments the global cloud collaboration market into Asia Pacific (APAC), Europe, the Middle East, and Africa, and the Americas. Amongst these, the APAC cloud collaboration market is predicted to emerge as the significantly developing market in the forecast horizon and will exhibit a CAGR of over 16.0% from 2016 to 2020. The investments of foreign SMEs in nations such as Japan, India, and China and the increasing mobile workforce will stimulate the growth of the market in this region.
In the next section of the study, the main dynamics influencing the development of the cloud collaboration market have been detailed. The growing adoption of bring your own device (BYOD) policies and the increasing utilization of tablets and smartphones will provide impetus to the growth of this market. On the other hand, the increasing negligence of a number of organizations in adopting cloud collaboration solutions may impede the development of this market in forthcoming years.
As stated in the study, the leading players in the market are Cisco Systems, Google, IBM, Microsoft, Mitel, Salesforce, Aastra Technologies, Broadsoft, Configure, and Corex, among others.
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