Global Enterprise Content Collaboration Market – Industry Trends and Forecast to 2029

Enterprise Content Collaboration Market Analysis and Size

The market's promising growth prospects can be attributed to the evolution of the modern workplace and the growing need to incorporate effective team collaboration methods across organisations. COVID- 19 restrictions and lockdowns forced businesses around the world to implement the remote working model, increasing demand for enterprise content collaboration for virtual communication.

Data Bridge Market Research analyses that the enterprise content collaboration market was valued at USD 9.66 billion in 2021 and is expected to reach the value of USD 36.81 billion by 2029, at a CAGR of 18.20% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Enterprise Content Collaboration Market Scope and Segmentation

Market Definition

Enterprise content collaboration is a mechanism that aims to maintain massive amounts of content while ensuring the material's security. It enables users to create new files and records, making it easier to identify which handle resources. The functionality provided by the information sharing network includes methods, resources, and unique methods for organising, archiving, and maintaining data associated with an entity.

Global Enterprise Content Collaboration Market Dynamics

Drivers

• Enterprise content collaboration assists in achieving business productivity standards

The ability of enterprise content collaboration to grow business productivity standards has increased demand for it, acting as a major driving factor in its significant market growth. Implementing enterprise content collaboration tools assists organizations in optimizing their profits by reducing workflow pressure and promoting improved collaboration among teams to manage data more effectively. Enterprise content collaboration tools provide up-to-date as well as easy access to content, documents, and data, allowing organizational teams to leverage information more effectively during routine tasks and reduce the effects of delayed work processes. Furthermore, such content collaboration tools aid in the creation of more effective tracking of events, logs, and many others, resulting in a higher rate of transparency and accountability among employees, thereby increasing organizational productivity. Enterprise content collaboration aids in business expansion and market growth by increasing the productivity standards of business processes by reducing reliance on manual processes.

• Incorporation of advanced technologies and rapid digitalization

Rising technological advancement has been a major driving factor in the significant growth of the enterprise content collaboration market. With the increasing digitalization and demand for advanced technologies such as artificial intelligence, cloud computing, and many others, various organizations have shifted heavily toward the adoption of advanced content collaboration tools to boost market growth. Organizations have been able to automate existing work processes and reduce employee workloads by combining AI with enterprise content collaboration tools. Furthermore, advanced enterprise content collaboration software assists in more efficiently providing features such as suggested connections, suggested posts, as well as predictive texts or images across collaboration hubs, improving employees' knowledge of the market's updated content.

Opportunity

Adoption of the content model within organizations, as well as the increasing volume of unstructured data and the increasing need for affordable information management solutions, will create lucrative opportunities that will lead to the growth of the enterprise content collaboration market during the forecast period.

Restraints

Time-consuming and lengthy processes, as well as increasing levels of difficulty in sharing external documents, are likely to impede the growth of the enterprise content collaboration market during the forecasted period. The increasing use of file sharing within organizations and a secure perimeter will be the market's most significant and immediate challenge.

This enterprise content collaboration market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the enterprise content collaboration market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Enterprise Content Collaboration Market

The recent COVID-19 outbreak is expected to increase the use of collaboration tools. As a result of the lockdown, many organisations are encouraging the use of collaboration tools, as employees tend to work from home during the crisis. Microsoft Teams, a team collaboration software from Microsoft, has seen a 40% increase in demand as businesses adjust to remote work. Microsoft introduced new Teams features aimed primarily at improving remote meetings, which are increasingly becoming the norm rather than the exception prior to the pandemic. Furthermore, from March 11 to March 18, 2020, the platform added 12 million new users to its service on a daily basis. Due to the increased use of remote work policies and reliance on the desktop virtualization environment, the growing emphasis on digitalization for improving remote access and strengthening the enterprise mobility framework will drive market growth post-COVID-19.

Recent Development

• In February 2020, Egnyte announced the launch of its next generation content services platform to provide an efficient approach to content governance, compliance, privacy, and workflow automation for growing digital businesses. This newly developed platform makes use of technologies such as AI and machine learning to provide organisations with unprecedented visibility and control over their content assets. Furthermore, this solution facilitates collaboration with colleagues and business partners through content-rich workflows, as well as faster access to large files from remote locations, fueling profit and growth for enterprises.
• In June 2020, AX Semantics announced a new line of HIPAA-compliant content generation software for the pharmaceutical industry. This software will assist pharmaceutical companies in the creation of regulatory clinical reports.

Global Enterprise Content Collaboration Market Scope

The enterprise content collaboration market is segmented on the basis of component, solution, deployment, user type, and industry vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component  

• Software
• Services
• Professional services
• Managed services

Solution

• Web Content Management
• Mobile Content Management
• Documentation Management
• Records Management
• Content Workflow Management
• Others

Deployment

• Cloud
• On premise

User type

• Small and medium enterprises (SMEs)
• Large enterprises

Industry

• Banking Financial Services and Insurance (BFSI)
• Manufacturing,
• Healthcare
• Education
• Energy
• IT and Telecommunication
• Manufacturing  
• Retail and Consumer Goods
• Others

Enterprise Content Collaboration Market Regional Analysis/Insights

The enterprise content collaboration market is analysed and market size insights and trends are provided by country, component, solution, deployment, user type, and industry vertical as referenced above.

The countries covered in the enterprise content collaboration market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

In the global enterprise content collaboration market, North America held the largest market share. Large-scale investments in the implementation of enterprise content collaboration solutions as a result of the increase in e-commerce applications, as well as the need for better control and visibility mechanisms, are factors boosting market growth.

Asia-Pacific, on the other hand, is expected to grow at the fastest CAGR during the forecast period due to the growing need to implement security and accessibility controls, as well as improved decision making. Partnerships, new product launches, and acquisitions are the primary strategies used by industry leaders to diversify their global footprints.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Enterprise Content Collaboration Market Share Analysis

The enterprise content collaboration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to enterprise content collaboration market.

Some of the major players operating in the enterprise content collaboration market are:

• Ribbon Communications Operating Company, Inc. (U.S.)
• AudioCodes Ltd. (Israel)
• ADTRAN (U.S.)
• Avaya Inc. (U.S.)
• Cisco Systems, Inc. (U.S.)
• GENBAND, Inc. (U.S.)
• Ingate Systems AB (Sweden)
• Oracle (U.S.)
• Patton Electronics Co. (U.S.)
• Anixter Inc. (U.S.)
• Huawei Technologies Co., Ltd (China)
• Nokia (Finland)
• Advantech Co., Ltd (Taiwan)
• Sangoma Technologies (Canada)
• NETXUSA, INC (U.S.)
• InnoMedia (U.S.)

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