R & D Cloud Collaboration Market Growth with Worldwide Industry Analy R & D Cloud Collaboration Market Growth with World | Page 4

Report
Description
Report Description
features. However, the advanced packages are much more document-centric in their
approach. For instance the new sophisticated collaboration tools allow users to "tag"
specific areas of a document for comments which are delivered real time to the viewers.

Although, the cloud collaboration market is growing swiftly, it has been observed that the
adoption of cloud collaboration solutions has reached a stage where it is more
dependent on the reluctance of workers to collaborate as compared to the ability of
current technology.
Market Dynamics:

Major factors driving the growth of global R&D cloud collaboration market include
emerging trend of mobility & BYOD (Bring Your Own Device), and the demand for secure
& efficient solutions to enhance the employee’s productivity. Additionally, the market
growth is also propelled by the trend to employ a single software tool to solve all the
collaboration needs within the enterprises, instead of relying on multiple tools. With the
rising adoption of cloud-based solutions among enterprises, cloud collaboration market is
expected to witness potential growth opportunities during the forecast period.
However the factors such as reluctance of in sharing their knowledge, challenges in
maintaining the information security, and maintaining auditable trails across
organizations, are restraining the growth of the market.
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