Market Snapshot:
Enterprise social networking is the use of social media by a company to interact with others who have similar enterprises or interests, both outside and internally. Governments of various economies are creating and adopting smart and inclusive rules to manage sector penetration and facilitate technology connectivity to all regions of the world as a result of recent major disruptions in the global ICT industry. In the anticipated time, cloud computing will aid in the growth of the global market.
Highlights from Enterprise Social Networking Applications Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 17.1% |
The key Players profiled in the report are Google, Inc. (United States), Lithium Technologies Inc.(United States), TIBCO Software Inc.(United States), SAP SE (Germany), Salesforce (United States), VMware (United States), Cisco Systems (United States), IBM Corporation (United States), Zoho Corporation (United States) and Microsoft Corporation (United States). Additionally, other players that are part of this comprehensive study are Vanilla Forums (United States), Axero Solutions (United States), Igloo Software (United States), Aurea Software Inc.(United States) and SocialText Inc.(United States).
Geographic Breakdown and Segment Analysis
The Global Enterprise Social Networking Applications market presents a comprehensive analysis of the Enterprise Social Networking Applications market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Enterprise Social Networking Applications industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Enterprise Social Networking Applications market, the Europe has emerged as a crucial market for several Enterprise Social Networking Applications brands.
Analyst at AMA have segmented the market study of Global Enterprise Social Networking Applications market by Type, Application and Region.
Influencing Trend:
Growing Popularity due to Employees Popular Demand and Mobile as the New Internet Accessibility Engine
Market Growth Drivers:
Enterprise Social Adds Value to Businesses and High Demand due to Accommodating Features
Challenges:
Profusion of tools and Lack of Integration
Restraints:
The Growing Concern Related to Skeptical Approach and Issues Related to Initial Setup Costs
Opportunities:
Growing Inclination towards Multi-Vertical Focus and High Adoption due to Bring Your Own Device (BYOD) Ecosystem
Market Developments Activities:
In September 2021, TIBCO Software Inc., a global leader in enterprise data, empowers its customers to connect, unify, and confidently predict business outcomes, solving the world's most complex data-driven challenges. Today, TIBCO announced significant updates to its Connect portfolio and evolution of TIBCO Cloud™, packed with enhanced features that provide digital leaders a unified, self-service, modern digital platform to run and adapt how the business operates.
In March 2023, Google’s looking to provide more transparency on the ads being run across its apps, launched of a new Ads Transparency Center, which has provided insight into the details of each organization and campaign.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations.
Key Target Audience
Enterprise Social Networking Applications Provider, Government Regulatory Bodies, Government Research Organisation, Private Research Organisation and Others