Global Cloud Collaboration Market to grow at a CAGR of 11.09% during the period 2016 - 2020; Finds New Report

Report forecast the global cloud collaboration market to grow at a CAGR of 11.09% during the period 2016-2020.

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.

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:

• Americas
• APAC
• EMEA

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.

Global Cloud Collaboration Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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.

Market driver

• Increased internet penetration and speed
• For a full, detailed list, view our report

Market challenge

• Lack of initiatives by organizations to adopt cloud collaboration solutions
• For a full, detailed list, view our report

Market trend

• Increasing adoption of emerging components of enterprise communication
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 67 pages and 26 Exhibit “Global Cloud Collaboration Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Overview of cloud collaboration process, Market segmentation by deployment type, Market segmentation by end-users, Market segmentation by solution, Geographical segmentation, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces model, Vendor landscape, Key vendor profiles, Appendix.

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