Rapidly growing IT industry coupled with the trend of bringing your own device (BYOD) is expected to provide new opportunities for growth of Cloud Collaboration

Rapidly growing IT industry coupled with the trend of bringing your own device (BYOD) is expected to provide new opportunities for growth of Cloud Collaboration

Introduction to Cloud Collaboration Industry: 

Cloud collaboration is the process of sharing and co-authoring the computer-based work through cloud technology. It is a type of enterprise collaboration in which the number of employees allowed to work together on documents or any other work. This data is stored and used through a cloud-based collaboration platform where the employee can share and edit the data. A few years back, there were some challenges due to which employees were reluctant to collaborate with this technology such as safety issues and lack of knowledge. Also, there was a practice of using e-mail as their primary electronic collaboration tool, which results that many providers created cloud collaboration tools which include email alerts and the ability to access the document at any time. 

Market Dynamics for Cloud Collaboration industry: 

The expansion of the organizations across the globe, need to increase productivity is the primary driving factor of the cloud collaboration market. In addition, efforts taking for solutions that can offer services that will reduce the overall infrastructure cost such as automation is expected to drive the market at a fast pace in the coming years. However, such as security, unauthorized use may hamper the growth of the cloud collaboration market. Rapidly growing IT industry coupled with the trend of bringing your own device (BYOD) is expected to provide new opportunities for growth of Cloud Collaboration. The bring your own device is the new concept in the consumerization of IT, where employees bring their own computing devices such as smartphones, laptops, and tablets to the office for use.

Recent Developments:

Recently in March 2019, Bluescape, the leading collaboration workspace solution, introduces new product features and API integrations with Adobe Creative Cloud tools, including a free trial program of Bluescape. In addition, Microsoft also announced on March 13 that its chat and collaboration application, Microsoft Teams, is now available for high-security and Department of Defense environments.


Global Cloud Collaboration Market: Segment Overview

The global cloud collaboration market is estimated to register CAGR around 12.5% between 2019 and 2026. The study of cloud collaboration segments the market in component, deployment model, vertical, organization size and regional segment. Based upon the component, cloud collaboration market is classified as solution and services. On the basis of Cloud Collaboration deployment model, Cloud Collaboration market has been segmented as Private Cloud, Public Cloud, and Hybrid Cloud. Based upon verticals, the market of Cloud Collaboration is classified as Healthcare and Life Sciences, Government and Public Sector, Media and Entertainment, Banking, Financial Services, and Insurance, Retail and Consumer Goods, Transportation and Distribution and Others. Large Companies and Small and Mid-sized Companies are organization size segment of the cloud collaboration market. The regions covered in this report are North America, Europe, Asia-Pacific and Rest of the World. North America dominates the market with highest market share due to the existence of a large number of cloud collaboration vendors.

IBM Corporation, Microsoft Corporation, Cisco Systems, Google Inc., Salesforce.com, Jive Software, IntraLinks Holdings, Inc., Mitel Networks among others are some leading companies involved in the cloud collaboration market.

Trending Posts

Global Silver Nanoparticles Market

The global silver nanoparticles market was valued at $2.08 billion in 2020, and is projected to reach $4.1 billion by 2027, growing at a CAGR of ~17%

LNG Bunkering – Here is something you must know!
LNG Bunkering – Here is something you must know!

In the current scenario of growing pollution, companies are trying to adapt more and more sustainable approach that not only gives eco-friendly result

The Basic Pension Comes - Federal Cabinet Decides On the Pension Supplement
The Basic Pension Comes - Federal Cabinet Decides On the Pension Supplement

Financial security in old age is an issue that is causing stomach pains for more and more people in Germany. Low-wage earners fear the elderly. The ba

The Future of Artificial Intelligence
The Future of Artificial Intelligence

In recent years, the field of artificial intelligence (AI) has witnessed unprecedented growth and transformative advancements. As AI technologies

Sailing into the future with Autonomous Ships
Sailing into the future with Autonomous Ships

Autonomous Vehicles (AVs) are the uproar of this era. After airways, thanks to the companies like Tesla, that people are now getting used to see drive

Rising Demand For Uninterrupted Power Supply Is Expected To Drive The Power Rental Market
Rising Demand For Uninterrupted Power Supply Is Expected To Drive The Power Rental Market

Todays world is totally reliant on electric power. There are many things which are not manageable without electricity. Power rental is a concept where

Factcheck on UV Disinfection for COVID-19
Factcheck on UV Disinfection for COVID-19

Many regulatory authorities and bodies believe that UV disinfection technologies can play a role in a multiple barrier approach to reducing the transm

Vaccination: Vaccination Against Measles is Now Mandatory in Germany
Vaccination: Vaccination Against Measles is Now Mandatory in Germany

The subject of compulsory vaccination has always heated peoples minds and caused emotionally charged discussions. The latest law in this area - the ob

The Global Ventilator Market Grows at a CAGR of 7.75 %
The Global Ventilator Market Grows at a CAGR of 7.75 %

The Global Ventilator Market, which was at $688 million in the year 2016, is about to double by the year 2025, and reach a value of $1,347 million. Th

Quantum Computing and Financial Modeling
Quantum Computing and Financial Modeling

Explore the potential impact of quantum computing on financial modeling, risk assessment, and investment strategies, and how venture capital is playin

Recent Posts

The Global Broken Cell Pine Pollen Powder Market : Growth, Trends, and Future Prospects
Exploring the Booming Broken Cell Pine Pollen Powder Market: Growth, Trends, and Future Outlook

The Broken Cell Pine Pollen Powder Market has emerged as a robust segment in the global nutraceutical and natural wellness industry. With its reputation for being a nutrient powerhouse, this natural supplement is gaining traction across dietary, cosm

AI in clinical Trials Market
Revolutionizing Clinical Trials: The Role of AI in Market Growth and Future Trends

The healthcare industry is at the brink of a transformative era, driven by the increasing integration of Artificial Intelligence (AI).

AI in Genomics: Transforming Healthcare with Precision and Innovation
Global AI In Genomics Market: Transforming Healthcare with Precision and Innovation

The integration of Artificial Intelligence (AI) into genomics is reshaping the landscape of healthcare, enabling advancements in precision medicine, drug discovery, and genetic research. As per a recent report by Flair Insights, the global AI.

The Global Broccoli Extract Market: Growth, Trends, and Future Prospects
The Global Broccoli Extract Market: Growth Trends and Opportunities (2023-2032)

The broccoli extract market is poised for substantial growth from 2023 to 2032, driven by increasing demand for natural supplements, functional foods, and cosmetic applications. Here's a detailed exploration of its trajectory, applications, and marke

Growth and Future Trends of the Global In-Line UV-Vis Spectroscopy Market
Growth and Future Trends of the Global In-Line UV-Vis Spectroscopy Market

In-line UV-Vis spectroscopy is a powerful analytical tool widely adopted in various industries for real-time monitoring of chemical and biological processes. This market is experiencing robust growth due to its applications in pharmaceutical.

Understanding the Growth Dynamics of the Premium Luggage Market
Understanding the Growth Dynamics of the Premium Luggage Market

The market for premium luggage has grown massively over the years. This is attributed to several factors, including a change in consumer preference, increase in disposable incomes, and an overall rise in international travel.

Global Potassium Sorbate Market: Growth and Forecast
Global Potassium Sorbate Market: Growth and Forecast

The Global Potassium Sorbate Market has gained significant traction due to the rising demand for preservatives across various industries, especially in food and beverages. Potassium sorbate, a salt of sorbic acid.

Global Venturi Masks Market Growth and Forecast
Global Venturi Masks Market Growth and Forecast

Venturi masks, also known as air-entrainment masks, play a crucial role in delivering a precise oxygen concentration to patients, particularly those suffering from chronic respiratory conditions such as COPD (Chronic Obstructive Pulmonary Disease).

Global Venous Thromboembolism (VTE) Therapeutics Market: Overview, Growth, and Forecast
Global Venous Thromboembolism (VTE) Therapeutics Market: Overview, Growth, and Forecast

Venous thromboembolism (VTE) is a critical medical condition including deep vein thrombosis and pulmonary embolism. In fact, it is one of the preventable causes of death in the hospital environment. It has experienced a substantial upsurge.

Global Vein Illumination Device Market: Growth and Forecast
Global Vein Illumination Device Market: Growth and Forecast

The global vein illumination device market is experiencing significant growth, Due to a growing demand for minimally invasive procedures and an increase in chronic diseases, not to mention development in medical technology.