Social Intranet Software Market Trends

  • Report ID: 3850
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Social Intranet Software Market Trends

Growth Drivers

  • Increasing Need for Communication Platform for Workplaces
  • Growing Penetration of Cloud Technology

Challenges

  • Lack of Awareness about the Software
  • High Maintenance Cost

Social Intranet Software Market: Key Insights

Research and Development Expenditure Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Base Year

2024

Forecast Year

2025-2037

CAGR

17.9%

Base Year Market Size (2024)

USD 7.51 billion

Forecast Year Market Size (2037)

USD 63.87 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 3850
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of social intranet software is assessed at USD 8.65 billion.

Social Intranet Software Market size was over USD 7.51 billion in 2024 and is projected to reach USD 63.87 billion by 2037, witnessing around 17.9% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is likely to account for largest revenue share by 2037, due to growing service sector, and increasing employment rate in developing countries, such as, India, China, Japan, and Singapore.

The major players in the market are TFW Labs, Inc., Colibo A/S, HyperOffice, eXo Platform SAS, Creative Social Intranet, Speakap B.V., Informa PLC, SharePoint Inc., Collab Hub LLC., and others.
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