DUBLIN, March 21, 2019 /PRNewswire/ -- The "Cloud Collaboration Market - Growth, Trends, and Forecasts (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The Cloud Collaboration market was valued at USD 26.11 billion in 2018 and is expected to register a CAGR of 13.43%, over the forecast period (2019-2024).Employees across organizations use cloud-based collaboration platform to share and work together on projects 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.With increasing automation trends along with the changing mobility, it has become increasingly important for industries to look for solutions that can offer services thereby reducing the overall infrastructure costs.Moreover, businesses adopting mobile services and implementing new policies to increase the employee interaction and ease of use, has become important to provide accessibility to data across multiple end-point devices.These services allow the client and employees to access files and data who are working on offsite locations, which makes operations much more accessible. It also lets users with BYOD (Bring your own device) to take full advantage of accessing the data over the cloud.Scope of the ReportCloud collaboration is a type of enterprise collaboration that allows 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.Key Market TrendsDemand for Enterprise Social Collaboration is on the RiseIn recent years, enterprise social collaboration(ESC) solutions have been able to connect people around the world effectively. Social applications have been limited by technology and might work fine for one department but not for another. With the advent of the cloud, the integration of social collaboration solutions is easier than ever.The demand for enterprise social collaboration is on the rise and with good reason. With the millennials becoming an increasingly larger part of the workforce, CIOs will be forced to face enterprise social collaboration (ESC) in the future. Intelligent CIOs-who are ahead of the trend have already embraced it, leading to staggerng results.
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SOURCE Research and Markets
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