Intranet as a Service Market Latest Advancements, Developments and Future Scope 2020 to 2030

Posted by Harsh on June 13th, 2022

Intranet as a Service Industry Insight

Comprehensive enlightenment is given to the Global Intranet as a Service Market Size analysis through an extensive market report published by Market Research Future (MRFR), addressing growth to be recorded at a CAGR of 14.2% during the forecast period. At this growth rate, the market is set to reach USD 25.5 billion by 2024, attributing to the rising adoption of cloud-based intranet solutions and more emerging factors. Later in 2018, the market owned a valuation of USD 10.1 billion as per demand, production volume, and sales revenue. At present, the growing aspects of the market will be measured on the same-- demand, production volume, and sales revenue and predict the future timeframe of the market.

Top Drivers and Barriers

The Intranet as a Service market has been reporting generous growth rates with considerable CAGR for the past decade long progress. As per the study conducted, the Intranet as a Service market can expand more vigorously during the assessment period, and further also influence the global economic structure with a higher revenue share, estimates MRFR. The Intranet as a Service market also holds the potential to impact its peers as the growth rate of the market is being stimulated by escalating product demand, emergent disposable incomes, raw material affluence, innovative products, and changing consumption technologies.

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The study has been focusing on the fact that numerous companies are investing in Intranet as a Service. Enterprise intranet is a computer network that is being highly used for sharing computing services, collaboration tools, and corporate information within the enterprise. The system permits particular users to access information from outside the enterprise network. It is majorly the multinational IT companies, media & entertainment companies, and banks that have immense usage of Intranet as a Service to connect their offices worldwide. Intranet as a Service helps enterprises to advance internal communication among the employees within an office or across multiple locations. These factors altogether show that how immense potential does Intranet as a Service carry, which is taking its market to grow leaps and bounds globally. Also, looking at these factors, it could be firmly estimated that the global Intranet as a Service will have the brightest valuation over the assessment period as it has never in the previous years. 

On the other hand, more factors such as the rising adoption of cloud computing technology among enterprises for storing and accessing data on a cloud platform are also highly anticipated to motivate the growth of the market. The beneficiary acclaimed from cloud storage is that it firmly offers collaborative features and aid enterprises to enhance its operational activities. In fact, the mounting use of cloud-based communication within enterprises is also ready to increase the adoption and demand for intranet services during the review period of the growth. Enterprises are now emphasizing on cloud solutions to enhance the performance of process execution.

In spite of these beneficial factors, some hindering factors have also been studied in MRFR’s analysis, which directs towards employee resistance to adopt modern technologies across the emerging economies, lack of skill set, and rising unstructured data from individual customers as well as enterprises. These factors are somehow becoming more active and impacting the intranet as a service market’s growth sluggishly during the assessment period.

Market Segmentation: Intranet as a Service market

The global intranet as a service market is segmented by the segments of organization size, offering, and vertical.

In terms of the offering, the global intranet as a service market is segregated among solutions and services. Wherein, the service segment is more subdivided into professional services and managed services. Among these, the professional services segment is again categorized into deployment and implementation services, consulting services, and other support services.

In terms of the solution, the global intranet as a service market is segregated into the social intranet, mobile intranet, and employee recognition, internal communication, collaboration & content management, project management, and document management.

In terms of organization size, the market gets segmented into small, medium-sized, and large enterprises.

In terms of vertical, the global intranet as a service market gets categorized into BFSI, government and defense, IT and telecom, media and entertainment, travel and hospitality, manufacturing, education, and others.

Regional Framework

Geographically, the global intranet as a service market is further studied among the key regions of North America, Europe,  the Middle East, and Africa, Asia-Pacific, and South America.

The market in North America occupied the largest share in the year 2018 and is now likely to lead the global intranet as a service market during the assessment period. The prominent share of the Intranet as a Service market happens to owe to availability of technical expertise and rising adoption of cloud-based services, mainly in the IT and financial sectors.

The market in the Asia-Pacific region is also probable to be the fastest growing in the intranet as a service market during the evaluation period. The market growth can be ascribed to the intensifying adoption of cloud-based Intranet solutions by SMEs.

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Top Market Contenders 

The top players operating in the global intranet as a service market are listed as Elastic Cloud Solutions (Elastic Intranet) (Poland), The Attollo Group Ltd (UK), Akumina, Inc.(US), Beetroot AG (Switzerland), Perficient, Inc. (USHUBFLY (US), Skyvera (US), ), Powell Software (France),  Happeo (Finland), WithumSmith+Brown (One Window Workplace) (US), DevFacto Technologies Inc (Canada), Wizdom (UK), LIVETILES LIMITED (US), Involv (Belgium) among others.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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