Cisco Systems Inc., Microsoft Corporation, IBM Corporation, Google Inc., Salesforce.com are Avaya Inc. are active vendors in the cloud collaboration market
(PRWEB) January 27, 2015
The market research report “Cloud Collaboration Market – Worldwide Forecast and Analysis (2014-2019)” defines and segments the global market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints along with insights on trends, opportunities and challenges.
Browse 68 market data tables and 52 figures spread through 136 pages and in-depth TOC on “Cloud Collaboration Market”
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MarketsandMarkets has broadly segmented the Cloud Collaboration Market into the following sub-segments:
1. Solution: Enterprise content management/ document management system, project management, enterprise social collaboration, unified communication and others.
2. Service: Professional service, support and maintenance service.
3. Verticals: BFSI, consumer goods, retail, healthcare & life sciences, government, telecommunication, Information Technology (IT), manufacturing, travel & hospitality, outsourcing, business services and others.
4. Regions: North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), Middle East and Africa (MEA).
MarketsandMarkets believes that the data security concerns associated with consumers regarding their critical data storage, giving rise to network and application performance issues, which are the major constraints in the Cloud Collaboration Market. These challenges carry significant potential of hampering the adoption rate of cloud collaboration solutions by numerous SMBs across a wide range of verticals.
The Cloud Collaboration Market is estimated to grow from $10.5 billion in 2014 to $21.4 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 15.3% from 2014 to 2019. In regional segmentation, North America is expected to be the biggest market in terms of revenue contribution while Middle East and Africa (MEA), Latin America (LA) and Asia-Pacific (APAC) are expected to emerge rapidly in this market with high CAGRs.
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