Social Intranet Software Market Share

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.