Global Cloud Collaboration Market 2016-2020
About Cloud Collaboration
Enterprises are integrating communication tools such as text messaging, video conferencing, voice messaging, and mobility features to enhance their communication technology and exchange of information for better collaboration. Cloud collaboration helps share and co-author digital files through cloud computing. The implementation of a collaborative solution helped businesses in better communications and boosted productivity.
Technavio’s analysts forecast the global cloud collaboration market to grow at a CAGR of 11.09% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud collaboration market for 2016-2020. To calculate the market size, the report covers the present scenario and prospects of the global cloud collaboration market for the period 2016-2020. It also details the major drivers of the market and outlines the challenges faced by vendors and the market at large, as well as the key emerging trends in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cloud Collaboration Market 2016-2020
Technavio recognizes the following companies as the key players in the global cloud collaboration market: Cisco Systems, Google, IBM, Microsoft, Mitel, and Salesforce.
Other Prominent Vendors in the market are: 8x8, Aastra Technologies, Broadsoft, Configure, Corex, CSC, Damovo, Dell, Genesys Telecommunications Laboratories, Hewlett-Packard, Huawei Technologies, Interactive Intelligence, ITALTEL, Juniper Networks, Logitech International, Mindtree, Orange, Polycom, RingCentral, ShoreTel, and Toshiba.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be virtualizing the workspaces. Organizations' have increased their focus on virtualizing IT workspaces. Workforce requires flexible and dynamic digital workspaces that offer a personal experience and flexibility in mobility. The employees need various communication models such as calling, messaging, video conferencing, and transaction and information systems along with collaboration and interactive systems. So, firms are slowly replacing traditional desktop and cabin models and embracing virtual workspaces that provide flexibility while controlling costs and maintaining security. Cloud collaboration modernize the IT virtual infrastructure so that the user can experience the borderless flow of information with seamless communication technology.”
According to the report, one of the key drivers for market growth will be increased internet penetration and speed. Governments worldwide are promoting the use of the internet. In 2015, the global population was 7.21 billion, out of which around 3.01 billion, or 42% of the world population, were active internet users. Among the active users, 94% access the internet through their mobile phones for business and personal purposes. APAC has more internet users than other regions because of China and India, which are highly populated countries.
Further, the report states that data security and privacy will be a challenge for the market. The popularity of cloud collaboration lies in its cost-effectiveness and compatibility within any web browsers. Earlier, companies avoided using video conferencing due to its high price-point. However, the same feature has made businesses worried about the internet security. They fear hackers might gain access to the video client in the conference and gain access to private networks.
Cisco Systems, Google, IBM, Microsoft, Mitel, Salesforce, 8x8, Aastra Technologies, Broadsoft, Configure, Corex, CSC, Damovo, Dell, Genesys Telecommunications Laboratories, Hewlett-Packard, Huawei Technologies, Interactive Intelligence, ITALTEL, Juniper Networks, Logitech International, Mindtree, Orange, Polycom, RingCentral, ShoreTel, Toshiba.