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:
1.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.
2. 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.
3. 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.
4. Zyncro tech
The company is Operator of a corporate social intranet. The company is a social network provider for businesses focused on internal collaboration and knowledge management. The company was founded in 2008, headquartered in Barcelona.
5. Cisco Systems
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. Cisco Systems, Inc. has strategic alliances with other companies. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.
6.TIBCO Software
TIBCO unlocks the potential of real-time data for business to make faster, smarter decisions. The company was founded in 1997, headquartered in California, U.S.
7.VMWare, Inc.
VMware, Inc. provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the United States and internationally. VMware, Inc. has a strategic alliance with Amazon Web Services to build and deliver an integrated hybrid solution. The company was incorporated in 1998 and is headquartered in Palo Alto, California.
8. Jive Software
Jive is the largest and fastest growing independent vendor in the Social Business Software market. Jive allows companies to engage employees, customers, and the social web. Just as social technologies have changed their personal lives, Social Business is changing how enterprises get work done. The company was founded in 2001, with its Headquarters in Palo Alto, CA and offices in Portland, OR; Boulder, CO; Brentford, United Kingdom; and Frankfurt, Germany. The flagship product is Jive Engage. Previous products by Jive include Clearspace, Jive Forums, and the now open source Openfire & Spark. Jive is backed by Sequoia Capital and KPCB.
9. Salesforce.com
Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.
*Definition- Business social networks and online communities are a type of networking in which people engage with one another over a protected platform.
