The North America Enterprise Collaboration Market would witness market growth of 11.5% CAGR during the forecast period (2022-2028).
Cooperative intelligence across all business areas, particularly information on marketing, costing, and product design, can significantly help a company in gaining a competitive advantage by infusing complementary strengths, capabilities, and best practices into its offering. Enhanced collaboration allows complementary organizations to submit combined tenders and operate in areas that are often outside of their individual grasp, whether due to geography, scale, or expertise. Additionally, a business would have the foundation for developing novel goods, processes, or services with quicker access to more effectively understood resources. Collaborative research is naturally encouraged and developed more quickly and efficiently. One of the most significant benefits of being capable of linking and sharing information quickly despite distance barriers is the reduction in travel and general operational costs. Productivity rises as the network of accessible resources and expertise expand, and product development along with marketing expenses have increased tendencies to fall.
North America comprises a substantial manufacturing sector. According to the Economic Policy Institute, in 2013, the manufacturing industry of the United States employed 12 million people, which is approximately 8.8% of the entire workforce in the United States. Moreover, according to the Federal Reserve Bank of St. Louis, the United States comprises the third largest manufacturing sector in the world. In 2017, the US manufacturing industry employed 12.75 million people. Also, the overall real output of the nation’s manufacturing industry was 2 trillion USD in the year 2018. In addition, this industry is also constantly growing. Due to this, the employment of enterprise collaboration systems is being rapidly increased across the country. Further, the travel and hospitality sector of the region is one of the most robust travel and hospitality sectors all over the world.
The US market dominated the North America Enterprise Collaboration Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $26.4 billion by 2028. The Canada market is poised to grow at a CAGR of 14.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.1% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Enterprise Video, Unified Messaging & Enterprise Social Network, Business Process Management, File Sharing & Synchronization, Project Management & Analytics, and Others. Based on End-User, the market is segmented into BFSI, Public Sector, Energy & Utilities, Manufacturing, Telecom & IT, Retail & Consumer Goods, Healthcare & Life Sciences, Travel & Hospitality, and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Enterprise Collaboration Market is Estimated to reach $107.1 Billion by 2028, at a CAGR of 15.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Google LLC, SAP SE, Cisco Systems, Inc., Adobe, Inc., Facebook, Salesforce.com, Inc., Citrix Systems, Inc., and RingCentral, Inc.
By Component
By End User
By Deployment Type
By Organization Size
By Country
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