According to MRFR analysis, the global intranet as a service market was valued at USD 10.1 billion in 2018; it is expected to reach USD 25.5 Billion, registering a CAGR of 14.2% during the forecast period. The market growth can be attributed to the surge in highly efficient employee engagement solutions, increasing demand for digital workplace solutions, and adoption of cloud-based Intranet solutions.
However, increasing unorganized enterprise data coupled with lack of technical expertise, and dependence on legacy systems for internal communication are some of the factors that are likely to hinder the growth of the global intranet as a service market during the forecast period.
The key players in the global intranet as a service market are Beetroot AG (Switzerland), Powell Software (France), The Attollo Group Ltd (UK), WithumSmith+Brown (One Window Workplace) (US), LIVETILES LIMITED (US), HUBFLY (US), Wizdom (UK), Involv (Belgium), Skyvera (US), Akumina, Inc.(US), Perficient, Inc. (US), Happeo (Finland), Elastic Cloud Solutions (Elastic Intranet) (Poland), and DevFacto Technologies Inc (Canada).
By region, the global intranet as a service market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America accounted for the largest market in 2018 owing to the availability of SharePoint platform by the enterprise and high technical expertise in the US and Canada and early adoption of AI-based Intranet solution. Asia-Pacific is expected to be the fastest-growing market for Intranet as a Service over the next few years. The market growth can be attributed to the rapid adoption of social and mobile intranet solution among SMEs.
The global Intranet as a Service Market has been segmented based on offering, organization size, vertical, and region.
By offering, the global intranet as a service market has been divided into solution and service. The solution segment accounted for the larger market share in 2018 owing to adoption of cloud-based intranet solutions. However, the service segment is anticipated to have higher CAGR during the forecast period. The solution segment has been further segmented into project management, collaboration & content management, document management, internal communication and employee recognition, mobile intranet, and social intranet.
Additionally, the service segment has been categorized as professional services and managed services. The professional services accounted for a larger market share in 2018, and it is expected to dominate the market during the forecast period. This is due to the growing need for customized SharePoint intranet solutions and services. However, the managed services segment is likely to exhibit higher CAGR during 2019–2024. The market growth is attributed to the low-cost services offered by third-party vendors that propel the demand for managed services during the forecast period.
Based on organization size, the global intranet as a service market has been categorized as small and medium-sized enterprises (SMEs) and large enterprises. The large enterprise segment accounted for the larger market size in 2018 owing to high-end IT personnel on maintaining cloud-based solutions. However, SMEs segment is expected to account for the higher CAGR during the forecast period.
Based on vertical, the market is categorized into IT and telecom, BFSI, government and defense, travel and hospitality, media and entertainment, education, manufacturing, and others. The IT and telecom segment accounted for the largest market share in 2018 owing to adoption of mobile intranet solution. However, the government and defense segment is projected to exhibit the highest CAGR during the assessment period.
LIST OF TABLES
Table 1 Global Intranet As A Service Market, By Region, 2019–2024
Table 2 North America: Intranet As A Service Market, By Country, 2019–2024
Table 3 Europe: Intranet As A Service Market, By Country, 2019–2024
Table 4 Asia-Pacific: Intranet As A Service Market, By Country, 2019–2024
Table 5 Middle East & Africa: Intranet As A Service Market, By Country, 2019–2024
LIST OF FIGURES
FIGURE 1 Global Intranet As A Service Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of The Global Intranet As A Service Market
FIGURE 4 Value Chain Of The Global Intranet As A Service Market
FIGURE 5 Share Of The Global Intranet As A Service Market, By Country, 2018 (In %)
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