Growing enterprise social network and online community usage is likely to fuel growth in the worldwide enterprise social networks and online communities market during the forecast period. The creation of a conducive environment for enterprise social networks is likely to drive the growth of the worldwide enterprise social networks and online communities market during the forecast period. The growing popularity of the BYOD culture may bring significant economic prospects. The rapid rise of social learning platforms can bring significant growth potential. Throughout the forecast period, the worldwide corporate social networks and online communities market is likely to be hampered by a lack of secure connections. Over the forecast period, the worldwide corporate social networks and online communities market is likely to be hampered by high implementation costs. Throughout the projected period, the growing necessity for corporate technology integration is likely to stymie the expansion of the worldwide enterprise social networks and online communities market.
According to Coherent Market Insights, The global Enterprise Social Networks And Online Communities Market is estimated to be valued at US$ 5,539.0 million in 2021 and is expected to exhibit a CAGR of 16.5 % over the forecast period (2021-2028).
Key Companies in the Enterprise Social Networks And Online Communities Industry:
Microsoft Corporation
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Microsoft Corporation was founded in 1975 and is headquartered in Redmond, Washington. In October 2021, U.S based Microsoft Corporation acquired Two Hat, a leading content moderation solution provider company. This acquisition helps to provide online safety and digital wellness solution for online communities.
Social text Inc.
Social text is a Bedford Funding portfolio company, was the first company to deliver social software to businesses. The company was founded in 2002, headquartered in California, U.S.
IBM Corporation
IBM Capital Corporation offers Artificial Intelligence (AI) trading system that allows trading without hassle. It provides smart digital asset solutions to major companies, governments, and private investors in multiple countries. IBM Capital Corporation was founded in 2016 and is based in the United States of America.
