Companiesandmarkets.com

Cloud office collaboration productivity applications market to hit $21.6 billion

Press Release   •   Aug 02, 2012 09:39 BST

The cloud office collaboration productivity applications market was valued at $3.9 billion in 2011 and has been forecast to hit $21.6 billion by 2018.

Global markets are set to achieve steady growth as mobile devices become the standard for client computing.

Growth within the market is set to be driven by enterprises noticing that there is a less expensive way to get productivity tools to users than through server licensing of Microsoft Office and Microsoft Exchange. Cloud delivery of systems in a shared workload environment is part of the cloud computing business model.

The cloud office collaboration productivity applications market is set to become a disruptive technology, as it allows companies to achieve cost flexibility, business scalability, market adaptability, masking complexity, context driven initiatives, and provide ecosystem connectivity.

Asia-Pacific represents the most prominent regional market for cloud office collaboration productivity applications, with annual revenue from the region averaging at a compound annual growth rate (CAGR) of approximately 32.05% between 2009 and 2018.

Thanks to robust economic development in emerging markets such as China and India, rapid industrialization, increasing shift of manufacturing and corporate activity from developed markets from developing countries, and subsequent boom in the enterprise segment in the region are the primary factors driving demand for cloud based office productivity software in the region.

For more information on the cloud office collaboration productivity applications market, see the latest research: Cloud Office Collaboration Productivity Applications Market Report

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.