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6.4.1 North America (United States, Canada) 7.13 Zoho Corporation Pvt Ltd
6.4.2 Europe (UK, Germany, France, Spain) 7.14 Jive Software Inc.
6.4.3 Asia-Pacific (China, Japan, India, South Korea) 7.15 Axero Solutions LLC
8. INVESTMENT ANALYSIS
6.4.5 Middle East & Africa
7.6 SAP SE
◼ The base currency considered was the US Dollar (USD). Conversion of other ■ The enterprise collaboration market is currently seeing a surge in
currencies to USD was considered on the basis of the average exchange
rate for the respective review-period years. The exchange rate conversion innovation, which has led to several new approaches that have real
for forecast period was determined according to the base year’s conversion potential to become digital workplace breakthroughs.
rates.
■ The demand for cloud-deployed enterprise collaboration solutions is
◼ The base year was identified, based on the availability of
annual reports and secondary information. The base year considered for increasing in organizations, due to its scalability functions. Virtual reality,
this study is 2021. data collaboration, visual collaboration tools, and artificial intelligence bots
◼ The review period considered for this study is from 2016 are changing the way that enterprises conduct business.
to 2020. The CAGR is for the forecast period, 2022-2027.
◼ Market size estimations for the forecast years were in real terms. Inflation is
not part of the pricing and the average selling price (ASP) was kept constant
throughout the forecast period for each country.
BFSI
Coordination Tools Asia-Pacific
Retail and Consumer Goods
Latin America
Education
Middle East & Africa
Transportation and Logistics
Healthcare
xx xx
xx
DETAIL ANALYSIS AVAILABLE WITH THE REPORT
xx
xx
xx
xx
xx
MARKET OVERVIEW
◼ With the changing landscape of businesses and the hiring processes of the employees, the CLOUD WORKLOADS AS A PERCENTAGE OF TOTAL DATA
workforce environment has witnessed a paradigm shift. As more companies are hiring remote CENTER WORKLOADS (%)
employees, freelance employees, and part-time employees, in addition to full-time employees, In %, Global, 2011-2021*
in order to help with an ever-expanding workload. 83% 86% 89% 91% 93% 94%
75%
◼ Moreover, the consumers prefer an omni-channel interaction in which user engagement can be 64%
53%
done in real-time and non-real-time, across voice, video, and messaging, from anywhere, on 39%
virtually any device. 30%
◼ Enterprises are utilizing advanced tools, such as virtual reality, robotic process automation, and
artificial intelligence bots, to augment internal productivity and promote better communication
among the employees. According to Goldman Sachs, the enterprise and public sector segment
of the virtual reality and augmented reality market is expected to account for around USD 16.1
billion by 2025. Virtual reality companies, such as RealSense and DORA, offer immersive SOURCE: Cisco Systems, *Forecast
experiences for the boardroom. SHARE OF WORKLOADS IN CLOUD AMONG ORGANIZATIONS
◼ The companies are also focusing on cognitive collaboration, which is the application of artificial In %, Global, 2021
intelligence to business knowledge and workflows by bringing cognitive learning and
information sharing to all areas of interactions. Natural Language Processing, Predictive Apr-20 Next 12-18 Months
41%
Analysis and intelligent routing are some of the examples of cognitive-powered customer
interaction technologies. 26% 27% 29% 27%
17% 17% 16%
◼ The cloud-based deployment of workloads is anticipated to be primarily driven by the
consistent growth in the data being generated. Various end-user industries are dealing with a
massive volume of data being generated, and the data centers are more suited for an
organization that has to run many types of applications and complex workloads pertaining to Up to 25% 26-50% 51-75% 75%
enterprise collaboration. It also enables the achievement of high productivity, with access to SOURCE: Fortinet; Cybersecurity Insiders
real-time data with all application tools.
MARKET OVERVIEW
■ Organizations benefit from enterprise collaboration technologies because they enable seamless
communication amongst employees. This increases staff operational efficiency and productivity,
assisting firms in meeting their business objectives. Data synchronization and collaboration solutions are
provided by enterprise collaboration platforms, which include capabilities such as monitoring official
emails, calendars, and contacts. Furthermore, video conferencing allows employees to communicate and
exchange ideas in a more engaging manner.
■ Cisco is currently working on introducing new video conferencing features with AI integration as a part
of its cognitive collaboration strategy.
■ Lately, the education sector has been extensively using enterprise-oriented solutions, especially
collaboration solutions, to create a better education services and enable greater control for the
administrators. In post-pandemic times, the web-based school management system has shown to be the
most useful. It has already been implemented into the facilities of several institutes. Communication
brilliance, improved education quality, and accessibility are only a few of its top features.
■ Massive volumes of data are produced every minute as major firms continue to turn themselves into
data-driven enterprises. By 2025, Seagate UK expects that there will be 175 zettabytes of data. The
World Economic Forum claims The quantity of data generated each day in the world will exceed 463
exabytes by 2025. Currently, the problem lies in analyzing this data and finding useful patterns and
conclusions, without utilizing the expertise of a dedicated team of data scientists.
■ This overwhelming amount of data is being created by consumers when they communicate through
social media channels or make purchases online. Enterprises are accumulating an ever-expanding
amount of consumer data, and the old data collaboration tools are not suitable for analyzing the
unstructured data generating from social media or mobile devices.
■ As a result, data collaboration has become imperative as it allows companies to combine multiple
sources of data to help teams deduce meaningful results. According to a study by Harvard business
review, 46% of the organizations are trying to blend between five and fourteen sources of data for
analysis.
9 SAMPLE – GLOBAL ENTERPRISE COLLABORATION MARKET
MARKET INSIGHTS
MARKET OVERVIEW
■ With the increase in the utilization of Office 365 in the enterprise collaboration market, Microsoft is
expected to be a significant market player. According to Science Focus, Google, Microsoft, Amazon, and
Facebook collectively hold over 1,200 petabytes of data.
■ Facebook, which takes a slightly different approach to collaboration with its workplace enterprise social
network, also continues to evolve. Currently, Workplace is being used by 30,000 companies which
include Walmart, the retail giant.
■ The rapidly increasing adoption of the BYOD trend and other mobility solutions is expected to drive the
adoption of enterprise collaboration solutions even further. Bring Your Own Device (BYOD) has also
emerged as a significant trend in this new era of flexibility and network accessibility for employees
working around the globe for various organizations, making the workplace more productive.
■ According to Cisco, the enterprises with a BYOD policy in place saves USD 350 on average per year, per
employee. Moreover, these reactive programs can also boost these savings to as much as USD 1,300
per year, per employee. For small to medium businesses, these cost savings can add up fast and can
enable these SMB’s to better protect their bottom line while improving employee productivity.
■ Morgan Stanley and Microsoft teamed in June 2021 to assist Microsoft speed its digital transformation.
Morgan Stanley will be given Microsoft Azure, which will help with data security and the firm's cloud
transformation.
■ In May 2021, Google announced a collaboration with SpaceX to provide secure global connectivity via
Starlink, which will deliver high-speed connectivity across Google Cloud's infrastructure. As a result,
businesses would enjoy seamless and safe access to the cloud.
■ The ease of adoption of cloud-based technologies has further boosted the adoption of video
conferencing among businesses, which is driving the adoption of cloud services for various business
needs. Although many enterprise-level unified communications vendors, like Cisco, have offerings in this
space, stand-alone and freemium persistent workspace applications are also still being implemented
among businesses.
MARKET OVERVIEW
■ CASE STUDY DEPICTING BENEFITS OF COLLABORATION SOLUTIONS
MARKET OVERVIEW
ASSESSMENT OF COVID-19
IMPACT ON THE INDUSTRY
14
XX.X%
SEGMENTATION - BY
DEPLOYMENT TYPE
On-Premise
On-premise
CAGR
Deployment Type 2020 2021 2022 2023 2024 2025 2026 2027
(%)
On-premise XX XX XX XX XX XX XX XX XX.X
SAMPLE FIGURE
Total XX XX XX XX XX XX XX XX XX.X
On-premise Cloud based
CLOUD BASED
■ The cloud-based collaboration solutions offer high agility to companies and enable easy data
ENTERPRISE COLLABORATION MARKET
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 Revenue in USD billion, Cloud based, 2020-2027
growing need for agile support.
■ Moreover, with increasing meetings and client interactions, companies such as Cisco are offering
conferencing hardware, software, and SaaS offerings in order to provide the best end-to-end user
experience.
■ According to Spiceworks Inc., the top cause driving organizations to boost budgets in 2022 is a
higher priority on IT projects (49%), which could signal multi-year modernization efforts expedited
by remote work, and a continuous shifting to cloud-based services have eroded outdated
technology. Moreover, COVID-19 is a catalyst for business transformation and 76% of businesses
plan on long-term IT changes.
SAMPLE FIGURE
■ The increasing demand for the application of Internet of Things (IoT) across various end-user
sectors among the emerging economies is also fuelling the operational feasibility, thereby providing
relevant and secure cloud solutions. As most of the enterprises across regions are investing in
these technology services, such investments are propelling the demand for the growth of the cloud
collaboration market.
■ The ICT sector is specifically gaining from cloud-based offerings. The exponentially growing
amount of data in the ICT sector is motivating companies to adopt cloud services and secure
storage platforms. 2020 2021 2022 2023 2024 2025 2026 2027
■ According to LogicMonitor's Cloud 2025 report, nearly three-quarters of respondents (74%)
anticipate that 95% of all workloads will be on the cloud within the next five years. By 2022, 37%
of respondents in the APAC area expect 95% of workloads to be in the cloud, compared to 35% in Source: Mordor Intelligence Analysis
the US/Canada and 30% in the United Kingdom.
CLOUD BASED
Europe 2027
Asia-Pacific
Asia-Pacific SAMPLE FIGURE
Latin America
Latin America
Middle East & Africa
Middle East & Africa
SEGMENTATION BY GEOGRAPHY
CAGR
Geography 2020 2021 2022 2023 2024 2025 2026 2027
(%)
SAMPLE FIGURE
Europe XX XX XX XX XX XX XX XX XX.X
Asia-Pacific XX XX XX XX XX XX XX XX XX.X
ASIA-PACIFIC
■ The Asia-Pacific region is expected to witness significant growth rate over the forecast period.
ENTERPRISE COLLABORATION MARKET
The rapid increase in cloud computing in this region is expected to act as a significant driver for
Revenue in USD billion, Asia-Pacific, 2020-2027
cloud-based enterprise collaboration solutions.
■ Additionally, the region is expected to witness growth, owing to the investments of small and
medium organizations. SMEs are investing to increase the adoption of cloud-based and
technologically advanced solutions. Countries, such as China and India provide significant
growth opportunities in the region.
■ Strong government backing and substantial private sector investment are behind the growth of
the region’s cloud-based technology. The South Korean government employed cloud computing
technologies to enhance its e-government services, banking on the country's super-fast internet
connectivity, and stable LTE availability. This is expected to contribute to the market’s growth
positively over the forecast period.
SAMPLE FIGURE
ASIA-PACIFIC
■ Mitel LLC
■ SAP SE
■ Polycom Inc.
■ Salesforce.Com Inc.
■ IBM Corporation
Source: Cisco Systems Inc. annual report for the year ended July 2021 (Published in October 2021)
◼ For the fiscal year that ended in July 2021, total revenue has been increased by 1% ◼ The product revenue of the company is reported through Infrastructure Platforms,
compared with the fiscal year 2020. Applications, Security, and Other Products. The overall product revenues remained flat
in FY 2021 from FY 2020, and service revenue increased by 4%.
◼ Product revenue in the Americas segment decreased by 2%. The product revenue
◼ In FY 2021, Infrastructure platforms revenue was flat compared to fiscal 2020, with
decrease is driven by declines in the enterprise and commercial markets, partially growth in routing and wireless, offset by declines in switching and data center.
offset by growth in the public sector and service provider markets. Product revenue Switching revenue declined in both campus switching and data center switching,
decreased by 1% in the United States, 18% in Mexico, and 9% in Brazil, partially although we had strong revenue growth in our Catalyst 9000 Series, Meraki switching
offset by a product revenue increase of 4% in Canada. offerings, and Nexus 9000 Series.
◼ Total revenue reflected growth in EMEA and APJC. Americas was flat. Product ◼ Applications product category decreased by 1%, or USD 64 million, with a decline in
Unified Communications and Cisco TelePresence partially offset by double-digit
revenue for the emerging countries of BRICM, in the aggregate, experienced a 6%
growth in IoT software offerings and growth in Webex.
product revenue decline, with decreases in each of these countries except for India.
◼ Revenue in the Security product category increased 7%, or USD 224 million. Revenue
from our cloud security portfolio reflected solid double-digit growth and continued
momentum with the duo and Umbrella offerings.
PRODUCTS STRATEGIES
STRENGTHS WEAKNESSES
◼ The company is actively innovating in the enterprise ◼ The company is significantly dependent on its suppliers and
collaboration space. For instance, in the beginning of 2019, the
contract manufacturers for certain networking components.
company announced its new "cognitive collaboration" strategy
that explores Webex tools for video meetings to contact center Due to its outsourced manufacturing strategy, Cisco currently
interactions. has limited control on the delivery schedules and has suffered
◼ Also, the massive client base acquired over the years, helps the component shortages due to manufacturing process issues
company to ensure a study flow of revenues and create a huge many times.
base of demand for its new products.
S W
OPPORTUNITIES O T THREATS
◼ The changing nature of business and increasingly decentralized ◼ The company operates in a highly competitive market which
workforce provides a huge opportunity for the company to requires regular technology innovations. Moreover, the market
produce cognitive-based collaboration tools. is becoming volatile as the customers now need curated or
tailored collaboration service which is being catered by the
◼ Shifting trend from on-premise to cloud is helping the company counterparts. This may act as a major threat to the company’s
to deploy cloud-based solutions. growth.
OCT 2021
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Finalize report contents and establish a Report delivery with high quality market insights, competitive landscape, etc.,
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This phase involves a thorough synthesis of existing publications across the ◼ At Mordor, we pool in industry experts across the value chain, to gather first-hand
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insights.
sources include, but are not limited to:
◼ We are also equipped to conduct market surveys to gather qualitative insights and
◼ Company-published whitepapers and blogs the opinion of individuals related to the industry.
◼ Primary research is used both to validate the data points obtained from secondary
◼ End-user Industry websites for blogs, magazines, and other publications
research and to fill the data gaps after secondary research. Data gathered during
the primary research phase are useful to arrive at critical insights, both qualitative
◼ Conference and events proceedings
and quantitative; these insights can be used to ascertain the following:
◼ Investor presentations, technical brochures, annual reports, press releases, ◼ Critical market dynamics (drivers, restraints, future, and regulations) and their
transcripts of key personnel interviews, and other strategic publications by impact
several competitors in the market ◼ Market distribution across various industries utilizing enterprise collaboration
solutions.
◼ Product information including technical specifications, approvals, patents, ◼ Market entry for new companies and insights on competitive landscape
etc.
MODES OF PRIMARY RESEARCH
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After the data is curated, analysts populate the report. From data and
REPORT forecasts, insights are drawn to visualize the entire ecosystem in a single
WRITING report.