Global Social Collaboration Software Market Key Players, Product and Production Information analysis and forecast

Global Social Collaboration Software Market – Introduction

A social collaboration software or platform is specifically designed to help individuals or groups interact and share information to accomplish common goals. Nowadays, enterprises are focusing on using social collaboration platforms to communicate one-to-one, or one-to-many.
Social collaboration software or platform is a single platform that provides virtual or collaborative work environment for entire organization, department.
Social collaboration software or platform enable enterprises to enhance their work effectiveness & efficiency, allowing employees to easily collaborate & communicate with everyone. Cloud meetings and collaboration services provide a constant connected experience with a comprehensive suite of collaborative services for enterprises.

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Why it's OK for social collaboration to encourage shadow IT | CIO

Impact of Coronavirus (COVID-19) on the Social Collaboration Software Market

Lockdowns across major regions (Europe, Asia, and North America) due to an increase in the spread of Coronavirus (COVID-19), has a positive impact on the social collaboration software market. Increasing demand to enforce social distancing due to the highly contagious nature of Coronavirus (COVID-19) has encouraged enterprises to deploy work-from-home (WFH). Therefore, enterprises are focusing on video conferences or live meetings to ensure efficient business processes, which is positively impacting the adoption of social collaboration software worldwide.

Growing Trend of BYOD and increasing Enterprise Mobility Driving the Global Social Collaboration Software Market

Growing BYOD and enterprise mobility are the developing trends that allow users to connect from any remote location worldwide. These emerging trends along with the availability of smart devices such as smartphones, tablets, and laptops, enable employees to give live presentations, conduct live meetings, and provide training from any remote location by using a device. This allows users to maintain connections with their clients and employees, and also respond rapidly as they have quick access to the devices. Therefore, organizations are significantly focusing on adopting enterprise mobility and BYOD for several reasons such as reduced IT expenses, increased efficiency, and real-time responses. Consequently, organizations can collaborate efficiently and quickly, with the easy accessibility of cloud collaboration solutions through conferencing, telephony, as well as social collaboration software. This has also empowered enterprises to exercise better control and make quick decisions by connecting with partners and suppliers at any time as per necessity. It is expected that by 2020, more than half of North American and European enterprises will implement BYOD to decrease the investment on buying new tablets or laptops.
Therefore, increased mobility and growing trend of BYOD across enterprises worldwide is driving the social collaboration software market.

Low Awareness and Low Adoption of Cloud-based Software across Developing Nations to Hamper the Market

Low awareness regarding advantages of cloud hosting services, specifically across developing nations as compared to developed economies such as the U.S., U.K., Japan, and Canada is expected to hinder the global social collaboration software market during the forecast period.

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North America to Account for Major Share of the Global Social Collaboration Software Market

In terms of region, the global social collaboration software market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
North America is anticipated to account for major share of the global social collaboration software market during the forecast period due to huge adoption of cloud deployment practices, indicating potential growth of the market in the region. Europe is expected to be the second largest market for social collaboration software from 2020 to 2030.
Asia Pacific is projected to be a rapidly growing market for social collaboration software during the forecast period due to increasing requirement for digitization & visual data exchange, specifically in India, Japan, and China.

Key Players Operating in the Global Social Collaboration Software Market Include:

Bitrix, Inc.
monday.com
Wrike, Inc.
Zoho Corporation Pvt. Ltd.
Xoxoday
Ryver, Inc.
HyperOffice
Others

Global Social Collaboration Software Market: Research Scope

Global Social Collaboration Software Market, by Component

Software
- Video Conferencing
- Contact Centers
- Messaging
- Others
Services

Global Social Collaboration Software Market, by Software Deployment

Cloud
- Private
- Public
- Hybrid
On-premise

Global Social Collaboration Software Market, by Enterprise Size

Small and Medium Enterprises (SMEs)
Large Enterprises

Global Social Collaboration Software Market, by End-user

Banking Financial Services & Insurance
Retail
Healthcare
Government
IT and Telecom
Media & Entertainment
Other ( Transportation, Manufacturing)

Global Social Collaboration Software Market, by Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
- Russia
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- Singapore
- Rest of Asia Pacific
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
South America
- Brazil
- Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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