Enterprise Social Networks and Online Communities Market is anticipated to reach US$ 12.5 Bn at a CAGR of 12.6% by 2032 | According to PMR
Market Study on Enterprise Social Networks and Online Communities: Market Benefitting from High Social Media Usage by Enterprises
New York, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The worldwide Enterprise Social Networks and Online Communities Market is anticipated to rise at a CAGR of 13.9%, growing from its present value of US$ 7.3 Bn to US$ 27.6 Bn by 2032.
The United States currently accounts for 23.2% share of the global market. Moreover, the large enterprises segment holds 70.8% share of the global market. The market is primarily driven by the increasing adoption of social media platforms by enterprises for business purposes. Other factors such as the growing demand for cloud-based services and the rising number of mobile users are also contributing to the growth of this market.
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“Rising Use of Social Network Platforms among Enterprises”
Numerous social network platforms, including Google+, are being used more and more frequently in various kinds of enterprises. Such platforms are frequently used by many firms and professionals for communication, document/file sharing, and information exchange.
In addition to participating in marketing and promotional activities, professionals network with other organisations outside the company to find various job-related possibilities and openings.
In order to increase sales and raise brand awareness online, businesses also spend a lot of money advertising the release of new products, product details, and other incentives. Through these platforms and portals, businesses are also interacting with their business partners in real time.
During the projected period, these factors are anticipated to boost market growth for enterprise social networks and online communities.
Key Companies-
Google, Inc.
Lithium Technologies Inc.
TIBCO Software Inc.
SAP SE
Salesforce
VMware
Cisco Systems
IBM Corporation
Vanilla Forums
Zimbra
Axero Solutions
Igloo Software
Zoho Corporation
Aurea Software Inc.
SocialText Inc.
Microsoft Corporation
Others.
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Enterprise Social Networks and Online Communities Market Segmentation -
Enterprise Social Networks and Online Communities Market By Enterprise Type:-
Small Enterprises
Medium Enterprises
Large Enterprises
Enterprise Social Networks and Online Communities Market By Industry Type:
Healthcare
BFSI
IT & Telecom
Government
Retail & Consumer Goods
Others (BPO and Education)
Enterprise Social Networks and Online Communities Market By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
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The Enterprise Social Networks and Online Communities Market is expected to experience significant growth during the forecast period owing to increasing adoption of Enterprise Social Networks amongst organizations for collaboration and communication purposes, growing usage of Enterprise Social Networks in customer engagement activities, and rising need for secure Enterprise Social Networks solutions.
Key Questions Answered in This Report –
What is the estimated growth rate of the enterprise social networks and online communities market?
What is the current value of the global market?
What size is the enterprise social networks and online communities market expected to reach by 2032?
Which country holds the largest share in the global market?
What’s limiting the growth of the enterprise social networks and online communities market?
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