Cloud Collaboration Market Is Expected to Reach $21.3 Billion by 2019 – New Report by MarketsandMarkets

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This report on Cloud Collaboration Market majorly focuses on the basic segmentation, growth drivers and revenue forecasts for the market on global scale. http://www.marketsandmarkets.com/Market-Reports/cloud-collaboration-market-204230770.html

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MarketsandMarkets

Major Key players in the Cloud Collaboration Market are Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Google Inc., Salesforce.com, Avaya Inc. and many more.

The report segments the “Cloud Collaboration Market” to define its growth trends, revenue forecasts and business prospects for the key players. It also provides an in-depth analysis of the growth drivers, restraints, opportunities and challenges for this market on a global scale.

Browse “Cloud Collaboration Market” information through detailed ToC, Data Tables and Figures, spread across over 120 Report pages.

Early buyers will avail 10% customization on this report.

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In this report, MarketsandMarkets broadly segments the cloud collaboration market on the basis of the types of solutions. These solutions include enterprise content management, document management system, project management, enterprise social collaboration, unified communication, and others. The report also segments the services available in this market into professional, support and maintenance services. Basic business verticals analyzed in the report include BFSI, consumer goods and retail, healthcare and life sciences, government, telecommunication and Information Technology (IT), manufacturing, travel and hospitality, outsourcing and business services and such other verticals. The report also analyzes the major geographic regions of the market including North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), and Middle East and Africa (MEA).

MarketsandMarkets believes that the concerns associated with customer data security are the strongest restraining factors for the cloud collaboration market. Issues with critical data storage on the cloud and technological and network related problems are expected to restrain the growth of this market in the immediate future. According to the report, these challenges carry significant potential of hampering the adoption rate of cloud collaboration solutions among numerous SMBs across a wide range of verticals.

The report expects the global cloud collaboration market to grow at a projected CAGR of 15.3% from 2014 to 2019. At this estimated growth rate, it expects the market to grow from $10.5 billion in 2014 to $21.3 billion in 2019. North America is expected to be the biggest geographic segment in terms of revenue contribution. Emerging markets like Middle East and Africa (MEA), Latin America (LA) and Asia-Pacific (APAC), on the other hand, are expected to emerge rapidly and with high CAGRs.

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MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1,700 global fortune enterprises with more than 1,200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 full-time analysts and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model (GEM)." The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, and identify sources of incremental revenues for both the company and its competitors.

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