Jun 01, 2020 (AmericaNewsHour) -- Market Analysis:The global cloud collaboration market was valued at USD 22.90 billion in 2016 and is projected to reach USD 61.31 billion by 2025, growing at a CAGR of 13.1% from 2017 to 2025.
Market Definition:Cloud collaboration is a way of sharing and co-authoring computer files through the use of cloud computing. Cloud collaboration technologies allow users to upload, comment and collaborate on documents where they can then be accessed by others. Cloud collaboration helps to improve organizations, increases the number of participants, improves access to large files, and real-time updates.
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1. Market Drivers
1.1 Increased workforce productivity and savings
1.2 Growing trends of Bring Your Own Device (BYOD)
2. Market Restraints
2.1 High dependency on internet
2.2 Concerns for data security
The global cloud collaboration market is segmented on the basis of component, deployment model, verticals, organization size, and region.
1. Global Cloud Collaboration Market, by Component:
1.1.1 Document Management System
1.1.2 Project and Team Management
1.1.3 Enterprise Social Collaboration
1.1.4 Unified Communication and Collaboration
1.2.1 Consulting, Training, and Integration
1.2.2 Support and Maintenance
2. Global Cloud Collaboration Market, by Deployment Model:
2.1 Private Cloud
2.2 Public Cloud
2.3 Hybrid Cloud
3. Global Cloud Collaboration Market, by Vertical:
3.1 Healthcare and Life Sciences
3.2 Government and Public Sector
3.3 Media and Entertainment
3.4 Banking, Financial Services, and Insurance
3.5 Retail and Consumer Goods
3.6 Transportation and Distribution
4. Global Cloud Collaboration Market, by Organization Size:
4.1 Large Companies
4.2 Small and Mid-sized Companies
5. Global Cloud Collaboration Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Rest of the World
The major players in the market are as follows:
2. Google Inc.
3. Salesforce.Com, Inc.
4. Oracle Corporation
5. Box, Inc.
6. Cisco Systems, Inc.
7. Intralinks Holdings, Inc.
8. Microsoft Corporation
9. Mitel Networks Corporation
10. Jive Software, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:Research study on the Global Cloud Collaboration Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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