Global Enterprise Collaboration Market
As per the report published by the GMI Research, the Enterprise Collaboration Market will encounter a robust growth over the forecast period. The enterprise collaboration will enhance the workplace environment by enabling communication and simplify tasks.
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Enterprise Collaboration Market Dynamics
The evolving tendency of bring your own device and other agile solutions is the foremost reason responsible for the growth of the global enterprise collaboration market size. Rapid digitalisation and the increasing usage of cloud-based solutions has raised the data volume in several industry verticals, thereby fuelling the market growth. Further, the surging emphasis on flexibility and network availability for employees has raised the inclination towards BYOD trend.
The accelerating penetration of social networking websites and mobile devices for amalgamation, primarily in past few years is fuelling the market growth. Further, the augmenting consciousness among individuals towards several advantages offered by enterprise collaboration solutions, like reducing travel and phone expenses, enabling maximum yield, and offering dexterity and flexibility to employees. Besides this, the Enterprise Collaboration Market size is also driven by the widespread outbreak of the coronavirus crisis. The evolution of COVID-19 has persuaded the trend of work from home, which in turn, has raised the demand for teamwork tools. Also, as per the Enterprise Collaboration Market forecast, large enterprises are encouraging the usage of collaboration instruments for employees working from home. For example, the Microsoft Teams platform from March 11 to March 18, 2020, perceived nearly 12 million new users.
Organisation Size Segment Drivers
The large enterprises segment is projected to seize the largest share across the entire market during the forecast period. This is because of the growing deployment of several enterprise collaboration solutions to permit companies supervise the progress of several activities concerned with the business procedures. Moreover, it allows the team to communicate through a single platform. Additionally, the soaring business, with the increasing digitization across several industries has persuaded the large enterprises to choose enterprise collaboration solutions for easy administration.
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