Market Research Future (MRFR), in their recently published research report, asserts that the global market is thriving and expected to grow exponentially over the review period, reaching a substantial market valuation of USD 25.5 billion by 2024 and a healthy 14.2% CAGR in the forecast period.
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The significant market players operating in the global market as identified by MRFR are The Attollo Group Ltd (UK), Akumina, Inc.(US), Beetroot AG (Switzerland), Perficient, Inc. (the US), Powell Software (France), Skyvera (US), HUBFLY (US), Involv (Belgium), Happeo (Finland), DevFacto Technologies Inc (Canada), Elastic Cloud Solutions (Elastic Intranet) (Poland), WithumSmith+Brown (One Window Workplace) (US), Wizdom (UK), LIVETILES LIMITED (US), among others. Apart from these, there are also several other vendors that contribute to the market, including ElevatePoint, Sigma, Content and Code Ltd, Habanero, Catapult Systems, Cloud2 Ltd, and others.
Drivers and Restraints
The global market for the intranet as a service is expected to grow significantly over the review period due to several factors positively impacting the market. The constant need to increase employee engagement in Enterprises across verticals, in an effective and consistent manner is one of the elements. The adoption of a cloud-based intranet solution supports enterprises to research the latest technological platforms for employees by using innovative technology to achieve a higher level of productivity and efficiency. Moreover, enterprises depend on cloud-based workplace solutions that provide collaborative features to organize documents to store them on both cloud-based and on-premise settings. This boosts the need for cloud-based intranet solutions, which is likely to impact the growth of the intranet as a service market through the review period.
On the other hand, the lack of expertise and required skill set, employee resistance to deploy modern technologies across the developing economies, and increasing unstructured data from individual consumers as well as enterprises are some of the limiting factors expected to impact the growth of the intranet as a service market during the forecast period.
The global Intranet as a Service Market has been categorised based on the offering, vertical, organization size, and region.
Based on the offering, the global intranet as a service market has been bifurcated into solutions and services. The service segment has been bifurcated into professional services and managed services. The professional services segment has solutions into deployment and implementation services, consulting services, and other support services.
On the basis of the solution, the global intranet as a service market has been segmented into the social intranet, mobile intranet, internal communication and employee recognition, collaboration & content management, project management, and document management.
Based on the organization size, the global market for intranet as a service has been segmented into small-and-medium-sized enterprises (SMEs) and large enterprises.
On the basis of the vertical, the global intranet as a service market has been categorized into BFSI, IT and telecom, government and defense, travel and hospitality, education, media and entertainment, manufacturing, and others.
The geographical analysis of the global market has been done in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world (the Middle East, and Africa Latin America).
The intranet as a service market in North America accounted for the maximum share in 2018 and projected to lead the global intranet as a service market share over the assessment period. The market growth can be due to the presence of significant providers of Intranet as a service platform and availability of technical expertise.At the same time, Asia-Pacific is slated to be the fastest-growing in the intranet as a service market during the assessment period. The market growth can be acknowledged to the rising adoption of cloud-based Intranet solutions by SMEs.
LIST OF TABLES
Table 1 Global Intranet As A Service Market, By Region, 2019–2024
Table 2 North America: Intranet As A Service Market, By Country, 2019–2024
Table 3 Europe: Intranet As A Service Market, By Country, 2019–2024
Table 4 Asia-Pacific: Intranet As A Service Market, By Country, 2019–2024
Table 5 Middle East & Africa: Intranet As A Service Market, By Country, 2019–2024
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LIST OF FIGURES
FIGURE 1 Global Intranet As A Service Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of The Global Intranet As A Service Market
FIGURE 4 Value Chain Of The Global Intranet As A Service Market
FIGURE 5 Share Of The Global Intranet As A Service Market, By Country, 2018 (In %)
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