Intranet as a Service Market Scenario
As per the research by Market Research Future Reports (MRFR), the global Intranet as a service market share is estimated to be valued at USD 45.07 billion, growing at a CAGR of 12.40% during the review period 2024- 2032. The increasing demand for high employee efficiency is the most significant factor resulting in the global intranet as a service market. Moreover, there has been a rise in demand for digital workplace solutions in the market, which will result in magnifying the market reach. Besides, the increased flexibility in operations and the growing number of SMEs across the globe is another factor that additionally propels the market size.
In addition, the reduced cost of maintenance is a substantial factor leading to market growth. However, the hesitation in the adoption of such advanced technology is estimated to be a significant factor resulting in the impediment of the market during the forecast period.
Moreover, the outbreak of coronavirus has resulted in a halt in daily business operations. The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Also, a precise study of factors augmenting and impeding the market in the post-COVID-19 period has been evaluated. We will provide a COVID-19 impact analysis with the report.
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Market Segmentation
The worldwide intranet as a service market can be segregated based on vertical, organization size, offerings, and region.
Based on vertical, the worldwide intranet as a service market can be segmented into IT telecom, BFSI, government defense, travel hospitality, media entertainment, education, manufacturing, and others.
Based on organization size, the worldwide intranet as a service market can be segmented into small medium enterprises and large enterprise segments.
Based on offerings, the global intranet as a service market can be segmented into solutions and services. The solution segment can further be segmented into the social intranet, mobile intranet, internal communications employee recognition, collaboration content management, project management, and document management. The service segment is categorized into professional services and managed services.
On the basis of region, the worldwide intranet as a service market can be segmented into North America, Europe, Asia-Pacific, the Middle East Africa, and South America.
Regional Analysis
The geographical study of North America, Europe, Asia-Pacific, the Middle East Africa, and South America has been carried out. As per the evaluation by MRFR, the global market is estimated to be dominated by North America. The market is likely to reign in terms of market share. The most significant reason responsible for market growth is the presence of notable players in the region. Among all nations, the US, Mexico, and Canada are anticipated to make the most significant contribution in propelling the market. Out of these, the US is likely to make the maximum contribution, followed by Canada and Mexico. Moreover, the region has been witnessing a rise in demand for cloud-based software solutions.
As per the analysis, the European region acquires the second position in the market. Europe has been classified into Germany, UK, Italy, Spain, and France. Among these, the UK is likely to seize the largest portion of the market. On the other hand, the rest of Europe is estimated to record the highest CAGR during the forecast period.
Key Players
The key players in the global market are The Attollo Group Ltd. (UK), Akumina, Inc. (US), Perficient, Inc. (the US), Powell Software (France), Beetroot AG (Switzerland), HUBFLY (US), Happeo (Finland), Aurea, Inc. (the US), Elastic Solutions (Poland), Withum Smith+Brown, PC. (US), DevFacto (Canada), LIVE TILES LIMITED (US), Involv (France), ElevatePoint (US), Wizdom (Denmark), and a few others.
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