Enterprise Collaboration Market By Region – Global Opportunities and Forecast, 2021-2028

Enterprise Collaboration Market

The Enterprise Collaboration Market is likely to reach USD 96 Billion in 2027, expanding at a rate of 12.8% over the forecast period. The growing usage of mobile devices for collaboration and the growing emphasis of organizations on improving the communication with several stakeholders situated at different areas will strengthen the market growth.

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Enterprise Collaboration Market Dynamics

The rapidly increasing digitalization and usage of cloud-based solutions has raised the volume of data and data centers across different end-use industries have contributed to the increase in enterprise collaboration market share. In addition, the evolving trend of bring your own devices and other solutions will strengthen the market growth. The increasing emphasis on elasticity and network availability for employees has raised the adoption of the BYOD trend. People have become aware about the various advantages of the various advantages of enterprise collaboration solutions, such as enabling optimum productivity and performance, reduces travel and phone costs and provides flexibility and agility for enterprises.

Further, the Enterprise Collaboration Market size is also driven by the outburst of the coronavirus pandemic. The evolution of coronavirus has raised the trend of work from home, thereby raising the need for collaboration tools. Leading organisations have supported the usage of collaboration tools for employees currently working from their homes. In the week from March 11 to March 18, 2020, the Microsoft Teams platform exhibited 12 million new users in addition to its daily basis. Moreover, Microsoft in the same year launched new features of Teams designed to enhance the distant meeting experience.

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