DALLAS, January 20, 2015 /PRNewswire/ --
According to a new market research report, "Cloud Collaboration Market by Solution (Enterprise Content Management/ Document Management System, Unified Communication, Project Management, Enterprise Social Collaboration) - Worldwide Forecast and Analysis (2014-2019)", published by MarketsandMarkets, The Cloud Collaboration Market is estimated to grow from $10.5 Billion in 2014 to $21.4 Billion in 2019, at a Compound Annual Growth Rate (CAGR) of 15.3% from 2014 to 2019.
Browse 68 market Data Tables and 52 Figures spread through 136Pages and in-depth TOC on "Cloud Collaboration Market"
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MarketsandMarkets has broadly segmented the Cloud Collaboration Market by solution: enterprise content management/ document management system, project management, enterprise social collaboration, unified communication, and others; by service: professional service, and support and maintenance service; by verticals: BFSI, consumer goods and retail, healthcare & life sciences, government, telecommunication and Information Technology (IT), manufacturing, travel & hospitality, outsourcing and business services and others; by regions: North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), and Middle East and Africa (MEA).
MarketsandMarkets believes that the data security concerns associated with consumers regarding their critical data storage in the cloud and technological constraints giving rise to network and application performance issues are the major constraints in the Cloud Collaboration Market. These challenges carry significant potential of hampering the adoption rate of cloud collaboration solutions by numerous SMBs across a wide range of verticals.
The Cloud Collaboration Market is estimated to grow from $10.5 billion in 2014 to $21.4 billion in 2019, at a Compound Annual Growth Rate (CAGR) of 15.3% from 2014 to 2019. In regional segmentation, North America is expected to be the biggest market in terms of revenue contribution while Middle East and Africa (MEA), Latin America (LA) and Asia-Pacific (APAC) are expected to emerge rapidly in this market with high CAGRs.
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