Social Intranet Software Market size was over USD 6.37 billion in 2023 and is anticipated to reach USD 54.18 billion by 2036, witnessing around 17.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of social intranet software is estimated at USD 7.28 billion. Social intranet is an internal communication platform, which is prominently used in workplace for collaboration and files sharing. The growth of the market can be attributed to the increasing demand for social intranet software in offices to maintain good communication, and avoid data breach or hacking by external sources. Along with this, this software has features to support remote workforce, which is further estimated to boost the market growth. Moreover, increasing penetration of cloud-computing technology, and IoT, combined with rising social connectivity are projected to encourage the market growth. For instance, it was observed that cloud computing generated a revenue of more than USD 290 billion in 2020. In addition to this, the increasing cases of data theft, hacking, and privacy breaches in commercial spaces, are estimated to fuel the market growth.
Furthermore, the increasing penetration of internet, and the rising demand for efficient communication platform for employees to enhance productivity, are also anticipated to surge the adoption of social intranet software. According to the data by the World Bank, in 2019, 56.727% of the total global population has access to internet.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
17.9% |
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Base Year Market Size (2023) |
USD 6.37 billion |
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Forecast Year Market Size (2036) |
USD 54.18 billion |
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Regional Scope |
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The market is bifurcated by end-user into commercial, and non-commercial, out of which, the commercial segment is anticipated to hold the largest share in the global social intranet software market over the forecast period on account of high demand for intranet platform in offices for safe and smooth communication. Based on application, the market is segmented into BFSI, retail & e-commerce, telecom, healthcare, media & entertainment, and others. Out of these, the telecom segment is estimated to gain significant growth during the forecast period owing to the rising adoption of advanced technologies and software in the telecom sector, along with the higher acceptance of cloud computing technology.
Our in-depth analysis of the global social intranet software market includes the following segments:
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By Type |
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By Application |
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End user |
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On the basis of geographical analysis, the global social intranet software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is expected to dominate majority revenue share by 2036, due to growing service sector, and increasing employment rate in developing countries, such as, India, China, Japan, and Singapore. Moreover, high investment by multi-national companies in the APAC region, backed by the cheap labor, is bound to create growth opportunities for the market.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period, owing to increasing adoption of advanced technologies, along with rising remote working conditions. Moreover, increasing expenditure in the IT sector, which is further anticipated to boost the regional market growth. The government IT expenditure in the U.S. crossed USD 86 billion in 2019, which is projected to reach around USD 92 billion by the end of 2021.
September 28, 2021: eXo Platform SAS, the digital workplace provider, announced the launch of its latest release eXo Platform 6.2 for general use.
March 08, 2019: Speakap to provide targeted & transparent employee communications platform in Europe, for retail, hospitality, automotive and construction sectors
Author Credits: Abhishek Verma
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