Market Research Report
Europe Cloud Collaboration Market Forecast 2019-2028
|Europe Cloud Collaboration Market Forecast 2019-2028|
Published: April 27, 2020
Content info: 110 Pages
Delivery time: 2-3 business days
The Europe cloud collaboration market is estimated to project growth at a CAGR of 13.96% during the forecast period, 2019-2028. The cloud storage and collaboration tools are increasingly adopted by businesses using the cloud for emails, and by those who use automation and streamlining solutions like ERP. Also, the majority of companies are engaged in cloud-based technologies. Such factors are projected to propel market growth.
The Europe cloud collaboration market growth analysis encompasses the market evaluation of Russia, Italy, France, Belgium, Poland, the United Kingdom, Germany, and the rest of Europe. The German market is considered to be immature in comparison to other European markets. The global business is complemented by cloud-related technologies, and the German enterprises are anticipated to adopt cloud for the execution of digital business strategies. This has led to many market players in the region to come up with innovative cloud collaboration solutions. In Italy, a diversified export ecosystem and strong industrial sector, has aided in its stable growth. As of now, the COVID-19 impact has resulted in increased preferences for cloud services. Many market players like Microsoft reported a substantial increase in the monthly users in places like Italy, where shelter-in-place and social distancing measures have been established. In Russia, the cloud services are leading from the front, and have gained the interest of small and medium-sized businesses. The Russian banks are actively introducing the services into their business processes, along with active investments. Such factors are set to influence the growth of the market.
Some of the eminent companies in the market are Hyperoffice, Salesforce.Com Inc, Atlassian Corporation Plc, Adobe Systems Incorporated, Intralinks Holdings Inc, etc.
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