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Demand for Better Access to Business Information across Enterprises to Drive Global Cloud Collaboration Market

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Published on : Oct 27, 2016

ALBANY, NY, Oct 27, 2016: It presents a comprehensive analysis of the various factors influencing the market’s trajectory between 2016 and 2020. The regions exhibiting lucrative opportunities have been identified, besides which the report also provides a holistic analysis of the downsides that enterprises need to focus on to achieve sustainable growth. To study the prevailing vendor landscape in the market the report has profiled a few of the leading companies operating therein. Their policies to gain competitive advantage have been studied in detail as well. 

According to the report, the global cloud collaboration market is expected to report a CAGR of 11% between 2016 and 2020. The technology enables enterprises in improving the quality and efficiency of their services, while reducing costs incurred in the long run. Cloud collaboration has been designed to make business information more flexible, thereby facilitating access to information and enhancing the productivity. Additionally, cloud collaboration helps minimizing the organizations most complex information exchange and data integration issues. 

Cloud collaboration offers cost effective communication system facilitating information sharing and communication. It allows the real time exchange of information. It also helps enterprises in connecting with new customers, connect with employees in faster and more efficient ways than traditional communication infrastructure, and resolve operational conflicts. Besides this, with the adoption of bring your own device (BYOD) policies and the increasing use of tablets and smartphones, the global cloud collaboration market is expected to witness impressive growth in the forthcoming years. 

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Regionally, the market is expected to witness strong growth in APAC. The region is likely to exhibit the fastest CAGR of 16% during the forecast period. The rising globalization of small and medium sized enterprises across emerging economies such as India, China, and Japan will aid the expansion of the cloud collaboration market in APAC. Furthermore, the growing mobile workforce and the emergence of various foreign organizations are expected to fuel demand for the cloud collaboration technology in the region. Enterprises in APAC as well have been adopting BYOD policies, which augur well for the cloud collaboration market in the region. 

By development type, the report segments the global cloud collaboration market into hybrid cloud, private cloud, and public cloud. Of these, the public cloud segment dominated the global market in 2015. 

To study the vendor landscape of the global cloud collaboration market, the report profiles some of the leading companies operating therein. Cisco, Microsoft, Salesforce.com, Google, Mitel, and IBM are identified as the key vendors operating the market. Besides this, the report also profiles companies such as Aastra Technologies, 8x8, Damovo, Genesys Telecommunications Laboratories, Broadsoft, Hewlett-Packard, Configure, Interactive Intelligence, Corex, Logitech International, Huawei Technologies, ITALTEL, Toshiba, and others. 

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