According to the latest market report published by Persistence Market Research titled “Enterprise Social Networking and Online Communities Market: Global Industry Analysis and Forecast 2016-2026”, the global enterprise social networking and online communities market online communities is expected to grow from US$2,636.1 million in 2016 to US$12,189.0 million by 2026, registering a CAGR of 16.5% in revenue over the forecast period (2016- 2026). In this report, the global Enterprise Social Networking and Online Communities market is tracked in terms of value and calibrated to derive the market revenue estimates.
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The increasing adoption of enterprise social networking technologies for collaboration with enterprise technologies to enhance social collaboration is a major factor driving the growth of the global enterprise social networking and online communities market. The demand for social media technologies among businesses for broadcasting activities, blogging, profiles, expert advice and other secure communications is strong in this market and is expected to increase during the forecast period. Additionally, demand from industries such as healthcare for real-time communication is expected to enhance growth, which is expected to be reflected in revenue forecasts.
However, lack of technology awareness and high cost of integration with enterprise technologies are major challenges that market players are expected to face in the global enterprise social networking and online communities market during the forecast period.
The report has profiled some of the important players prevailing in the world like – Microsoft, IBM, Cisco, VMWare, Salesforce.com, Google, Jive and TIBCO and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future prospects of Enterprise Social Networks and Communities in line.
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To understand and assess the demand and opportunities in this market, the report is categorically divided into three major sections, namely, Market Analysis – by company type, by industry and by region.
The section – market analysis by business type comprehensively analyzes the market on the basis of business type and presents an in-depth analysis of the market in terms of value for 2016-2026. In 2015, the large enterprise segment dominated the global enterprise social networking and online community market, followed by the medium enterprise segment. Additionally, the small business segment is expected to grow at the fastest CAGR of 21.7% during the forecast period in the global enterprise social networking and online communities market in terms of revenue, followed by the large business segment.
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The section – market analysis by industry, analyzes the global enterprise social networking and online communities market on the basis of industry verticals and data is provided in terms of value for 2016-2026. The healthcare information and telecommunications technology industry is expected to grow at the highest CAGR of 17.0% in terms of value during the forecast period. In terms of market share, the healthcare industry accounted for a major percentage of the overall market’s revenue share in 2015 and the healthcare industry is expected to dominate the global enterprise social networking and online communities market over the forecast years, followed by the computer and telecommunications industry.
The section – market analysis by region, includes in-depth country-level analysis of all regions of the world, i.e. North America, Latin America, Asia-Pacific (excluding Japan), Japan, Eastern Europe, Western Europe and the Middle East and Africa by type company, industry and country; and provides market data in terms of value for 2016-2026.
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In 2015, the North America region market led the overall enterprise social networking and online communities market, followed by the Asia-Pacific region market. The enterprise social networking and online communities market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, followed by North America and Europe regions respectively.
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