New York, NY, Jan. 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Enterprise 2.0 Technologies Market By Platform (Wikis, Blogs, RSS, Mashups, Online Communities, Social Bookmarking, and Social Networking) and By Application (Information Technology (IT), Manufacturing, BFSI, Education, Healthcare, Transport, Government, Retail, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, global enterprise 2.0 technologies market was valued USD 1,017 million in 2017 and is expected to reach around USD 14,955 million by 2024, at a CAGR approximately 46.87% for the forecast period from 2018 to 2024.
Enterprise 2.0 technology can spur productivity, efficiency, and innovation by encouraging staff and other stakeholders to discuss business problems and share information in an open and collaborative setting. According to a survey, 69% of respondents claimed that their organizations have benefitted with better access to knowledge, effective marketing, innovative services, and higher revenue. The survey also found that the companies not only integrate enterprise 2.0 technology but also establish a network that involves the company, suppliers, and customers.
Browse through 53 Tables & 36 Figures spread over 210 Pages and in-depth TOC on “Global Enterprise 2.0 Technologies Market: By Technology, Applications, Share, Trends, Analysis and Forecast 2017—2024”.
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The enterprise networking software or enterprise 2.0 technologies market is likely to gain momentum in the upcoming years owing to various business sectors’ shift from on-premises to cloud-based services to improve their business processes. The enterprise 2.0 technologies provide benefits to both internal and external business processes, such as communication and marketing with customers and suppliers, knowledge and innovation management, etc. Moreover, the increasing regional diversity of workplace demands a large number of employees to work from their homes, which is anticipated to contribute notably toward the enterprise 2.0 technologies market in the future. Additionally, enterprise social networking is expected to grow substantially over the forecast period, driven by content analytics. With the aid of analytics, various organizations are able to monitor social interactions based on products or services offered in the enterprise 2.0 technologies market. Numerous social media platforms are rapidly used in across different business sectors for sharing files, documents, information, and for communication purposes.
By platform, the market is segmented into wikis, blogs, really simple syndication (RSS), mashups, online communities, social bookmarking, social networking, and others. By application, the market includes information technology (IT), manufacturing, BFSI (Banking, Finance, and Insurance), education, healthcare, transport, government, retail, media, and others. The BFSI sector is anticipated to hold a significant market share in the upcoming years, due to increased preference for online banking.
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By region, the North American enterprise 2.0 technologies market is likely to contribute a major revenue share in this global market in the future. This can be attributed to the early adoption of cloud technology and increased acceptance of social media by a majority of the U.S.-based companies. The market is segmented into multi-product makers, such as Microsoft, IBM, and SAP, which integrate enterprise 2.0 products in their product offerings.
The Asia Pacific region is expected to grow rapidly in the global enterprise 2.0 technologies market, owing to the rising number of installations and investments in research and development of enterprise social networking software in the region. Growing IT landscape, technological advancements, and increasing population are other key factors likely to contribute toward the region’s enterprise 2.0 technologies market in the future.
Browse the full “Enterprise 2.0 Technologies Market By Platform (Wikis, Blogs, RSS, Mashups, Online Communities, Social Bookmarking, and Social Networking) and By Application (Information Technology (IT), Manufacturing, BFSI, Education, Healthcare, Transport, Government, Retail, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024” Report at https://www.zionmarketresearch.com/report/enterprise-technologies-market
Europe is projected to hold a considerable share of the global enterprise 2.0 technologies market in the future, due to the rising investments and adoption of cloud services. Growing entrepreneurship spirit is anticipated to positively influence the region’s enterprise 2.0 technologies market in the future.
In the Middle Eastern and African region, 88% of the online population utilizes social networking platforms both for business and personal uses. Social media platforms can be a medium to help startups build a brand reputation. UAE and Saudi Arabia are among the world’s leading economies in terms of social media usage and growth, which are driven by the high level of internet penetration, smartphone ownership, and digitally-savvy youth population. According to Arab News, more than 92% of Gulf companies utilize social networking sites for their online business promotion.
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In Latin America, social media is gaining tremendous popularity among various enterprises. For instance, Scup was the first Brazilian platform certified by Twitter, which serves more than 500 social brands in Brazil, including Rede Record, Bank Banco Bradesco S.A., and TAM airlines. This, in turn, is likely to fuel this regional market in the future.
The key players of the enterprise 2.0 technologies market include IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., Oracle, and SAP, among others.
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The report segments the enterprise 2.0 technologies market into:
Global Enterprise 2.0 Technologies Market: By Platform
- Wikis
- Blogs
- Really Simple Syndication (RSS)
- Mashups
- Online Communities
- Social Bookmarking
- Social Networking
- Others
Global Enterprise 2.0 Technologies Market: By Application
- Information Technology (IT)
- Manufacturing
- BFSI (Banking, Finance, and Insurance)
- Education
- Healthcare
- Transport
- Government
- Retail
- Media
- Others
Global Enterprise 2.0 Technologies Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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