[136 Pages Report] MarketsandMarkets forecasts the Enterprise Social Software market to grow from $4.77 billion in 2014 to $8.14 billion in 2019.

Enterprise Social Software (ESS) refers to a social networking layer on top of traditional collaborative tools, which enables content sharing, along with additional features such as document sharing, wikis, micro-blogging, shared spaces and communities, amongst other business applications. These solutions provide enterprises with several advantages including increased transparency, better communication of business ideas and information, flexibility, and performance along with simplified operations.

The rising need for enterprise internetworking among employees, partners, distributors, suppliers, and others in the business value chain has given way to growing employment of the enterprise social software market products across desktops, laptops, and mobile personal devices. While enterprises across the globe are looking forward to incubate Enterprise Social Software into their current work scenarios, ESS providers look forward to gain a better competitive advantage in the emerging market by creating new technological features that facilitate the quicker adoption of these.

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 market. 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 ESS tools with the existing collaborative organizational tools and applications will further enhance the growth of enterprises, while ensuring their compliance and regulatory policies.

The market research report categorizes the global Enterprise Social Software market on the basis of ESS deployments, organizational size, verticals, and regions. It also forecasts volumes, revenues, and analyzes trends in each of the submarkets.

On the basis of deployment:

On demand (SaaS)

On-premise

On the basis of organizational size:

Small businesses (0-99)

Medium businesses (100-999)

Enterprises (1000-9999)

Large enterprises (1000 +)

On the basis of verticals:

Academia and government

Banking, financial services, and insurance (BFSI)

Healthcare and life sciences

Retail

High tech, telecommunications, and others

On the basis of Regions:

North America (NA)

Europe (EU)

Middle-East Africa (MEA)

Asia-Pacific (APAC)

Latin America (LA)

Enterprise social software market solutions and systems are fast gaining pace in the current enterprise ecosystem. These solutions are positioned as flexible and user-friendly tools which are focused on enhancing the business value of enterprises across all regions. Enterprise social systems and solutions bring various benefits beyond sheer connectivity and social networking.

Enterprise social solutions amalgamate traditional collaboration suites with a much needed social layer pervasive across most geographical regions and vertical segments. The solution provides a social platform for evolving businesses, while also ensuring flexibility, in terms of reach, deployment, and administration. While the �enterprise social� concept began with an emphasis on �social sharing� amongst employees within an enterprise, the solution offerings have already widened beyond within-enterprise to within-the-ecosystem, thereby enabling social connectedness with channel partners, distributors, and customers.

Even though the benchmarking of enterprise social solutions remains an ambiguity amongst organizations, enterprises are slowly coming to terms with the hidden benefits of these solutions. Global adoption trends and a prominent pervasiveness across most verticals are clear indications of a positive growth in the enterprise social software market, as early adopters are already evangelizing the various advantages of this social suite.

MarketsandMarkets expects an increasing uptake of these solutions across enterprises, while investments in social software gain prominence across borders. Enterprise solutions are not just expected to move beyond the initial skepticism, but also being considered as a �wonder solution� for improving brand value through smoother communications and seamless connectivity across all departments.

MarketsandMarkets forecasts the Enterprise Social Software market to grow from $4.77 billion in 2014 to $8.14 billion in 2019. This represents a compound annual growth rate (CAGR) of 11.3% from 2014 to 2019. The table given below highlights the overall market opportunity, in terms of absolute dollar value and year-on-year (Y-o-Y) growth.

ESS Market Size, 2014 � 2019 ($Billion), Market Growth, 2015 - 2018 (Y-O-Y %)

Source: MarketsandMarkets Analysis