Market Research Reports Previews Enterprise Social Networking/Software Market will

Enterprise Social Networking/Software Market will buzz around $6.18 Billion by 2018

The report "Enterprise Social Networking/Software Market - Global Advancements, Demand Analysis &
Worldwide Market Forecasts (2013 – 2018)" defines and segments the global enterprise social software
market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies drivers
and restraints for this market with insights on trends, opportunities, and challenges.
Browse 81 market data tables and 39 figures spread through 231 pages and in-depth TOC on “Enterprise
Social Software Market - Global Advancements, Demand Analysis & Worldwide Market Forecasts (2013 –
2018)”.
http://www.marketsandmarkets.com/Market-Reports/enterprise-social-software-market-568.html

MarketsandMarkets has segmented the global ESS market by type of deployment models:
On-premise and On-demand, By type of service consumers: Small Office Home Office
(SOHO), Small and Medium Businesses (SMB), Enterprises; By type of verticals: Banking
and Finance Service Insurance (BFSI), Academia and Government, Healthcare and Life
Sciences, Retail, High Tech and Telecommunications and other sectors; By geographies:
North America (NA), Asia Pacific incl. Japan (APAC), Europe (EU), Middle East & Africa
(MEA) and Latin America (LA). The report also provides insights on the demand analysis of
specific enterprise social features and evaluates the usage percentage of enterprise social
solutions, across all departments such as IT, R&D, Marketing, Sales, HR, and Operations.
Major forces driving this market are the rising need to stay connected, seamless social
integration channels and the popularity of sharing ideas on a real time basis. Rising need for
enterprise internetworking amongst employees, partners, distributors, suppliers and others in
the business value chain has given way to growing deployment of ESS on-premise as well as
on the cloud. While enterprises across the globe are looking forward to incubate ESS into
their current work scenarios, ESS providers look forward to gain better competitive
advantage in this emerging market, thereby creating new technological features that facilitate
quicker adoption of the same.
MarketsandMarkets believes that the need for increasing enterprise productivity, along with
cost control measures is playing a pivotal role in shaping the future of enterprise social
software. Even though the adoption of these tools is relatively slow due to closed mindsets of
the top management ; these solutions are expected to grow steadily and have a pervasive
existence across all major verticals, owing to the growing demand of ‘social connectedness’,
on a real-time basis. These solutions are well positioned to bring businesses closer, despite
time zone barriers and organizational structures. MarketsandMarkets further expects that the
integration of enterprise social software tools with the existing collaborative organizational
tools and applications will further enhance the growth of enterprises, while ensuring their
compliance and regulatory policies.
The global ESS market is estimated to grow from $ 721.3 million in 2012 to $6.18 billion in
2018. This represents a compound annual growth rate (CAGR) of 44.9% from 2013 to 2018.
In the current scenario, High Tech & Telecommunication vertical continues to be largest
adopter for ESS solutions. In terms of geographies, North America is expected to be the