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Global Enterprise Communication and Collaboration Market Outlook to 2024

October 2020 | 38 pages | ID: GBEC6ED7E50DEN
GlobalData

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Global Enterprise Communication and Collaboration Market Outlook to 2024

SUMMARY

GlobalData’s Global Enterprise Communication and Collaboration Market Outlook to 2024 analyses the current trends, drivers and challenges impacting the enterprise communication & collaboration market. The report also presents GlobalData' view of the revenue opportunities in the enterprise communication & collaboration market through to 2024, highlighting the market size and growth by region, product type, vertical and size band. The report outlines the evolution of enterprise communication & collaboration and identifies and assesses the best performing vendors in the market.

This Global Outlook Report provides a comprehensive assessment of the Enterprise Communication & Collaboration market. It helps the reader to understand the enterprise communication & collaboration market landscape, the recent trends, drivers, and challenges/inhibitors shaping the enterprise communication & collaboration market.

SCOPE

The report provides an in-depth analysis of the following -
  • The primary finding from GlobalData's view of revenue opportunities in the enterprise communication & collaboration market through to 2024, highlighting the market size and growth by product/service, by region, by vertical and by size band.
  • The latest trends impacting the enterprise communication & collaboration market.
  • The market drivers that will facilitate the growth of enterprise communication & collaboration market.
  • The market challenges/inhibitors that may hinder the pervasive adoption of enterprise communication & collaboration.
  • The overview of top ICT vendors in the enterprise communication & collaboration market.
REASONS TO BUY
  • The report is exhaustive and up-to-date providing market opportunity forecasts in the enterprise communication & collaboration market from 2019 to 2024, spanning three technology segments (hardware, software and services), six regions, 14 verticals, and two size bands.
  • The report provides an assessment of enterprise communication & collaboration vendors.
  • The report also discusses the opportunities and recommendations for vendors.
Executive Summary
Section 1: The Global
Enterprise Communication & Collaboration Market
Overview
Market opportunity forecast product category analysis
Market opportunity forecast regional analysis
Market opportunity forecast vertical analysis
Market opportunity forecast size band analysis
Section 2: Trends
Section 3: Drivers
Section 4: Challenges & Inhibitors
Section 5: Vendor Landscape
Section 6: Opportunities & Recommendations

COMPANIES MENTIONED

Microsoft
IBM
Cisco
Vivint Solar
Atos
Damovo
AVANT Communications
Panasonic
Avaya
RingCentral
Onepath
Movius
MobileIron

8X8

Vonage
Highfive
Deutsche Telekom
Mitel
SoundHound
Google Cloud
WorkJam
Comcast
Lifesize
Verizon Communications
Peerio Technologies
Voicea
Blueface
Serenova
BlueJeans Network
ServiceMax
Zinc
BCM One
Arena One
OpenText
Xmedius
AVC Technologies
Ribbon Communications
Salesforce
Zoho
Black Knight
NUSO
AT&T

Communication and Collaboration Software Market in China registers 15.2% growth in 2020 amidst COVID-19

While the overall enterprise ICT market value in China declined in 2020 due to the COVID-19 crisis, the communications and collaboration software market bucked the trend and registered year-on-year growth of 15.2%, reveals GlobalData, a leading data and analytics company. 

With the COVID-19 pandemic compelling enterprises to embrace new ways of communication and collaboration, and accelerate their shift towards remote working to ensure business continuity, the adoption of communication and collaboration software has increased across enterprises in the country. 

Nidhi Gupta, Technology Analyst at GlobalData, says: “Enterprise social networking and collaboration platforms that allow employees to collaborate remotely through features like instant messaging, audio and video conferencing, virtual workspaces and screen/application sharing are particularly gaining traction and will see their market value grow at the fastest CAGR of 17% over the forecast period.”  

On the other hand, the market size for communication platforms, including cloud-based communication software, will grow by 3.2% CAGR over the forecast period.

Ms Gupta concludes: “Banking, financial services and insurance (BFSI) will be the single largest end-use vertical for communications and collaboration software in China during 2019-2024. The COVID-19 pandemic and the consequent surge in mobile and online banking transactions forced BFSI enterprises to adopt communications and collaboration tools that ease the shift to remote working. This is expected to play an instrumental role in driving the adoption of communication and collaboration software in China’s BFSI sector in 2020 and beyond.” 

GlobalData’s Global Enterprise Communication and Collaboration Market Outlook to 2024 analyses the current trends, drivers and challenges impacting the enterprise communication & collaboration market. The report also presents GlobalData' view of the revenue opportunities in the enterprise communication & collaboration market through to 2024, highlighting the market size and growth by region, product type, vertical and size band. The report outlines the evolution of enterprise communication & collaboration and identifies and assesses the best performing vendors in the market.



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