(PRWEB) August 26, 2014
The report “Enterprise Social Software (ESS) Market (On Premise, On Demand, Social Collaboration, Enterprise Social Networks) - Global Advancements, Demand Analysis & Worldwide Market Forecasts (2014 - 2019)”, provides a comprehensive market analysis and forecasts of the overall market. It segments the global industry based on the deployment models, organization size, business verticals, and regions.
The report covers all the major sub segments of the ESS market and provides the quantitative (market size and market growth) and qualitative (trends, analysis, and insights) study for these segments. This comprehensive analysis provides important inputs such as drivers, restraints, and opportunities in this market. It also profiles the major players in this market, maps the competitive landscape, and provides the overall perspective on the ESS market in the various verticals and regions.
Browse more than 39 market data tables with 7 figures spread through 141 slides and in-depth TOC on "Enterprise Social Software (ESS) Market”
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MarketsandMarkets has segmented the ESS market into various segments. By deployment, it is divided into on-demand and on-premise. By organizational size, they have segmented the market into small businesses, medium businesses, enterprises, and large enterprises. Business verticals covered by the report include academia and government, BFSI, healthcare and life sciences, retail, high tech, telecommunications, and others. Regional segmentation of the industry includes analysis of various parts of the world including North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA).
MarketsandMarkets forecasts the ESS market to grow from $4.77 billion in 2014 to $8.14 billion in 2019. This represents a compound annual growth rate (CAGR) of 11.3% during the timeframe of this study.
According to the experts, ESS lets companies to set up groups or private communities with clients or employees to access enterprise network with BYOD and easily share screens with multiple coworkers anytime and from anywhere. These solutions allow businesses to offer unique value to the employees and clients. Customization of software according to tasks for seamless integration with an organization’s current appliances, open-source architecture enabling customization at users end, and other such technologies add more momentum to the adoption of enterprise social across organizations. They claim that these developments along with the business value that they would deliver will make enterprise social software a community norm rather than a compelling business option.
As the need for constant connectedness and mobility prevails, ESS promises to break through the existing geographical borders, thereby connecting people beyond their current job locations. The BYOD ecosystem is well-positioned to exploit opportunities in the enterprise social software market, by adding ‘social’ features to their current offerings. Organizations such as Double-dutch and Magnet systems have already identified opportunities in this market and have developed mobile apps which enable individuals to avail functionalities of BYOD for a wider social reach anytime and from anywhere.
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