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Social Intranet Software Market Segmentation by Type (Cloud, and On-Premise); by Application (BFSI, Retail & E-Commerce, Telecom, Healthcare, Media & Entertainment, and Others); and by End-User (Commercial, and Non-Commercial) – Global Demand Analysis & Opportunity Outlook 2031

Buy Now Report ID: 3850 | Published Date: Feb 06, 2023

Global Social Intranet Software Market Regional Synopsis

On the basis of geographical analysis, the global social intranet software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing service sector, and increasing employment rate in developing countries, such as, India, China, Japan, and Singapore. Moreover, high investment by multi-national companies in the APAC region, backed by the cheap labor, is bound to create growth opportunities for the market. 

The market in the North America region is anticipated to gain the largest market share throughout the forecast period, owing to increasing adoption of advanced technologies, along with rising remote working conditions. Moreover, increasing expenditure in the IT sector, which is further anticipated to boost the regional market growth. The government IT expenditure in the U.S. crossed USD 86 billion in 2019, which is projected to reach around USD 92 billion by the end of 2021.

Social Intranet Software Market Share Image

The global social intranet software market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook


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Social Intranet Software Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth

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.


Market Segmentation

Market-Growth-Drivers

Our in-depth analysis of the global social intranet software market includes the following segments:

By Type

  • Cloud
  • On-Premise

By Application

  • BFSI
  • Retail & E-commerce
  • Telecom
  • Healthcare
  • Media & Entertainment
  • Others

By End-User

  • Commercial
  • Non-Commercial

Growth Drivers

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

Challenges

  • Lack of Awareness about the Software
  • High Maintenance Cost


Population Using Internet Graph
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Top Featured Companies Dominating the Market

top-features-companies
    • Jive Software, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • TFW Labs, Inc.
    • Colibo A/S
    • HyperOffice
    • eXo Platform SAS
    • Creative Social Intranet
    • Speakap B.V.
    • Informa PLC
    • SharePoint Inc.
    • Collab Hub LLC

In-the-news

In The News

  • September 28, 2021: eXo Platform SAS, the digital workplace provider, announced the launch of its latest release eXo Platform 6.2 for general use.

  • March 08, 2019: Speakap to provide targeted & transparent employee communications platform in Europe, for retail, hospitality, automotive and construction sectors


preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Abhishek Verma, Hetal Singh


Key Questions Answered in the Report

1) What are the major factors driving the growth of the social intranet software market?

Ans: The growing need for safe communication platform in offices is estimated to boost the market growth.

2) What would be the CAGR of social intranet software market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~20% over the forecast period, i.e., 2022 – 2031.

3) What are the challenges affecting the social intranet software market growth?

Ans: High maintenance and lack of awareness regarding social intranet are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of social intranet software market in future?

Ans: The market in the North America region is estimated to provide most business opportunities over the forecast period, owing to the increasing demand for social connectivity in workplace.

5) Who are the major players dominating the social intranet software market?

Ans: 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.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the social intranet software market?

Ans: The market is segmented by type, application, end-user, and by region.

8) Which segment captures the largest market size in application segment in the social intranet software market?

Ans: The telecom segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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