What's the market peak of the Cloud Collaboration market?

The success of cloud collaboration lies in its cost-effectiveness and imminent compatibility with all web browsers. Cloud collaboration market size by solution comprises unified communication and collaboration, document management systems, project team management, and Enterprise social collaboration. Market size by service belongs to training, consultation and integration, and support and maintenance. By deployment, the Cloud collaboration market comprises private model, public model, and hybrid cloud. Cloud Collaboration Market by organization size comprises large enterprises and SME (small and medium enterprises).

By vertical, the market extends to BFSI, consumer goods and retail, education, government, and public sector, healthcare, and life sciences, manufacturing and media entertainment, telecommunications and ITES, and others. By region, the market has significant contributions led by North America, Europe, Asia Pacific, MEA, and Latin America. Public Cloud exhibited maximum market traction in offering an underlying pool of connected resources to various users.

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Data security concerns due to extrinsic file-sharing on the server having diverse entry and exit points, coupled with unpredictability in Internet service offering by providers act as restraints to the cloud collaborating market. The Cloud Collaboration market is fragmented and there lies intense market rivalry among competitors to gain market dominance due to prevailing demand for enterprise communications among large and small enterprises (SME). M&A will form the cornerstone of this business.

A news article dated Nov 2016 has to say that the market imperative for success in an enterprise computing model is a progressive collaboration between business and Information Technology. Shadow IT is a palpable distraction to the integration of cloud computing resources and other barriers instrumental in the cloud integration approach were doubtful ROI, disquiet between infrastructures, disproportionate cost, and high-security risk.