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Press Release

Enterprise Collaboration Market Worth $70.61 Billion by 2019 - Report by MarketsandMarkets

>PRWEB.COM Newswire

(PRWEB) April 01, 2014

The report "Enterprise Collaboration Market [Solutions (Telephony, Unified Messaging, Conferencing, Collaboration Platforms, Enterprise Social), Services, Deployment, User Types (SME, Enterprises)] - Global Advancements, Worldwide Forecasts & Analysis (2014 - 2019)", defines and segments the Enterprise Collaboration market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends.

Browse more than 93 market data tables with 42 figures spread through 216 pages and in-depth TOC on "Enterprise Collaboration Market."

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MarketsandMarkets broadly segments the Enterprise Collaboration market on the basis of solutions: telephony, unified messaging, conferencing, collaboration platforms and applications, and enterprise social networks; by services: professional and support services, and consulting Services; by deployments: On-premise and On-demand; by end-users: large enterprises and small and medium enterprises; by verticals: banking, financial services and insurance (BFSI), business services, IT and telecom, manufacturing, retail and wholesale, healthcare, government, and others; by regions such as North America (NA), Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).

Enterprise Collaboration solutions are used by many companies operating in different verticals to manage and improve the flow of communications, knowledge sharing and better peer interaction. By implementing Enterprise collaboration solutions, companies can increase productivity of individual, teams and departments, reduce time for decision making, real-time data sharing and also have better communications with customers and vendors.

Also, by using enterprise collaboration solutions organizations can overcome geographical barriers, employees can work from anywhere, introduce the concept of Bring Your Own Device (BYOD), have operating system sharing across departments and vendors and have a concept of zero mails in the organization. Other benefits of Enterprise Collaboration solutions include cost saving, better supply chain decision making, customer loyalty by providing them with personalized solutions.

IBM is a major player in the Enterprise Collaboration solutions market; it provides a complete set of solutions under 'Social Collaboration'. The portfolio includes products for unified communications, content management capabilities and real-time communication services.The prominent vendors in the Enterprise Collaboration space include IBM, Cisco, Google, Microsoft, Jive Software, Citrix Opentext, Novell, VMware, etc.

The Enterprise Collaboration solutions are finding major applications in the verticals, such as, Banking, Financial services and Insurance (BFSI), business services and IT and Telecom whereas, the manufacturing, retail and wholesale, healthcare and government show significant amount of growth in this market in the forecasted period.

MarketsandMarkets forecasts the Enterprise Collaboration market to grow from $47.30 billion in 2014 to $70.61 billion in 2019. In terms of geographies, North America and Europe is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) and Europe are expected to experience increased market traction, during the forecast period.

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About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

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