The Latin America, Middle East and Africa Enterprise Collaboration Market would witness market growth of 14.9% CAGR during the forecast period (2022-2028).
External enterprise collaboration and internal enterprise collaboration are the two types of enterprise collaboration. Internal enterprise collaboration occurs within the organization's workspace and aids in facilitating the communication between all the employees. It is one of the key factors that increase organizational efficiency as the prime factor for enterprise collaboration. It ensures seamless communication, allowing staff to maintain engagement and stay informed. External enterprise cooperation, on the other hand, occurs mostly through different social media networks among consumers, employees, and brands. It can also happen between companies who need to interact in order to develop products or services jointly.
There is also a broad range of corporate enterprise collaboration tools. Communication software, for example, functions by transmitting data between systems. Collaborating with coworkers becomes convenient due to solutions like video conferencing, cloud phone systems, and document sharing that make information sharing more efficient. By merging their platforms, advanced solutions also provide integrations with other apps. Moreover, project management systems supply the resources required to complete a project. This solution manages budgets, timing, calendars, and contact sharing to ensure companies meet deadlines and keep expenditures under control. Dashboards frequently illustrate progress toward a certain objective, and most software solutions allow users to assign specific tasks to people and teams.
The propelling growth of the regional oil and gas industry is accelerating the demand for enterprise collaboration solutions across the regional energy and utility industry. The United Arab Emirates (UAE) is expected to acquire the seventh-largest oil and gas reserves all over the world. The UAE generates 3 million barrels of liquids and petroleum per day on average and has 100 billion barrels of oil reserves. Around 30% of the entire GDP of the country is based directly on oil and gas production, which accounts for nearly 13% of the overall exports of the country. The oil profits and royalties of the oil industry provide a broad majority of the UAE government's revenue.
The United Arab Emirates is attempting to develop modern oil and gas production. The UAE stated in 2020 that it had acquired over 80 trillion cubic feet of gas reserves at Jebel Ali. The government aims to be self-sufficient by 2030. In order to achieve this aim, the oil extracting facilities across the country are estimated to significantly employ enterprise collaboration tools in order to offer uninterrupted communication amid the operations.
The Brazil market dominated the LAMEA Enterprise Collaboration Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.0 billion by 2028. The Argentina market is anticipated to grow at a CAGR of 15.5% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 14.6% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Enterprise Video, Unified Messaging & Enterprise Social Network, Business Process Management, File Sharing & Synchronization, Project Management & Analytics, and Others. Based on End-User, the market is segmented into BFSI, Public Sector, Energy & Utilities, Manufacturing, Telecom & IT, Retail & Consumer Goods, Healthcare & Life Sciences, Travel & Hospitality, and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Enterprise Collaboration Market is Predict to reach $107.1 Billion by 2028, at a CAGR of 15.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Google LLC, SAP SE, Cisco Systems, Inc., Adobe, Inc., Facebook, Salesforce.com, Inc., Citrix Systems, Inc., and RingCentral, Inc.
By Component
By End User
By Deployment Type
By Organization Size
By Country
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