Cloud Collaboration Market, By Solution (Unified Communication and Collaboration, Enterprise Social Collaboration, Project and Team Management, Document Management System, and Support Services), By Deployment Type (Public Cloud, Private Cloud, and Hybrid Cloud), By End-User Industry (Telecommunication and ITES, Media and Entertainment, Education, Healthcare and Life Sciences, Banking and Financial System, Government and Public Sectors, and Other End-User Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Cloud collaboration is a type of enterprise collaboration that allow employees to work together on documents and other data types, which are stored off-premises and outside of the company firewall. Employees use a cloud-based collaboration platform to share, edit, and work together on projects. Cloud collaboration enables two or more people to work on a project at once. Cloud collaboration enables to achieve high productivity with access to real-time data. Cloud collaboration offers high agility to companies and enables easy data sharing among remote and virtual users. With changing business requirements, companies are now looking for services, which offer easy access and increased productivity, thereby supporting the growing need for agile support. The Cloud Collaboration Market accounted for US$ 32.18 billion in 2020 and is estimated to be US$ 113.07 billion by 2030 and is anticipated to register a CAGR of 13.5%.

Rising adoption of cloud computing

Cloud collaboration is mainly driven by businesses that are adopting cloud computing to increase capacity and productivity. One of the key drivers to increase the demand of cloud collaboration is increased internet penetration and speed. The effectiveness depends upon its cost control and compatibility with any web browser. Transformation in work culture allowing the use of BYOD (Bring your own device) is one of the key drivers for global market. Furthermore, the presence of prominent startups with an aggressive BYOD policy and freedom for employees has augmented the growth of the cloud collaboration market.  The expansion of overseas projects is also among the factors driving the growth of global market.  Cloud collaboration solutions and services facilitate employees to share, edit, and work together. With the increase in the adoption rate of cloud-based solutions among SMEs, cloud collaboration market is expected to gain traction.

However, lack of skilled professionals and usage of traditional methods are the major root cause that hampers the growth of the market.

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The global cloud collaboration market is segmented based on solution, deployment type, end-user industries, and region.

Based on solution, the global cloud collaboration market is segmented into the unified communication and collaboration, enterprise social collaboration, project and team management, document management system, and support services. Based on the deployment type, the target market is segmented into public cloud, private cloud, and hybrid cloud. Based on end-user industry, the target market is bifurcated into telecommunication and ITES, media and entertainment, education, healthcare and life sciences, banking and financial system, government and public sectors, and other end-user industries.

Regional Insights:

The global cloud collaboration market accounted for US$ 32.18 billion in 2020 and is estimated to be US$ 113.07 billion by 2030 and is anticipated to register a CAGR of 13.5%. On region the global cloud collaboration market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global cloud collaboration market due to the presence of a large number of cloud collaboration vendors. Asia Pacific cloud collaboration market is projected to register a high CAGR over the forecast period due to increasing number of smartphone users in emerging economies.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global cloud collaboration market report based on solution, deployment type, end user industry and region.

Global Cloud Collaboration Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global cloud collaboration market includes IBM Corporation, Microsoft Corporation, Cisco System, Google Inc., Oracle Corporation, Salesforce.com, Jive Software, Intralinks Holdings, Inc., Mitel Networks, and Box.

Microsoft Corp.:

Microsoft 365 unlocks the modern ways of working. No matter if you’re working from home or if there’s an emergency while you’re away, you can have the peace of mind that you’ve got the tools to help you adapt from wherever you are. Whether you’re using a laptop or your mobile device, you can easily attend meetings online, share Office files, co-author in real time, and be productive from anywhere.

• IBM Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Microsoft Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Cisco System
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
•  Google Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Oracle Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Salesforce.com
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Jive Software
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• IntraLinks Holdings, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Mitel Networks
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Box
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies