Global Enterprise Social Networking (ESN) Market Growth (Status and Outlook) 2023-2029

Global Enterprise Social Networking (ESN) Market Growth (Status and Outlook) 2023-2029

Enterprise social networking focuses on the use of online social networks or social relations among people who share business interests and/or activities. Enterprise social networking is often a facility of enterprise social software (regarded as a primary component of Enterprise 2.0), which is essentially social software used in "enterprise" (business/commercial) contexts. It encompasses modifications to corporate intranets (referred to as social intranets) and other classic software platforms used by large companies to organize their communication, collaboration and other aspects of their intranets. Enterprise social networking is also generally thought to include the use of a standard external social networking service to generate visibility for an enterprise.

LPI (LP Information)' newest research report, the “Enterprise Social Networking (ESN) Industry Forecast” looks at past sales and reviews total world Enterprise Social Networking (ESN) sales in 2022, providing a comprehensive analysis by region and market sector of projected Enterprise Social Networking (ESN) sales for 2023 through 2029. With Enterprise Social Networking (ESN) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Enterprise Social Networking (ESN) industry.

This Insight Report provides a comprehensive analysis of the global Enterprise Social Networking (ESN) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Enterprise Social Networking (ESN) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Enterprise Social Networking (ESN) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Enterprise Social Networking (ESN) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Enterprise Social Networking (ESN).

The global Enterprise Social Networking (ESN) market size is projected to grow from US$ 2722.3 million in 2022 to US$ 8227.3 million in 2029; it is expected to grow at a CAGR of 17.1% from 2023 to 2029.

Since the cost of implementing enterprise social networks is high, such type of system can come across a financial burden to small and medium enterprises. In order to implement such type of platforms in organizations, expansion of IT infrastructure and training of employees is required. In addition, such type of platforms need other business technologies to integrate. This can enable the organizations to use the facilities of these platforms for business purposes, and to improve their communication with their customers. Small and medium sized companies may not be interested to invest in such type of social networking platforms, as the cost of such platforms is high. The high subscription cost of these platforms is expected to have a negative impact on the growth of the enterprise social networks and online communities market during the period of assessment.

This report presents a comprehensive overview, market shares, and growth opportunities of Enterprise Social Networking (ESN) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Internal Corporate Social Networking
Public Social Networks

Segmentation by application
BFSI
Government
Manufacturing
IT
Telecom
Retail
Healthcare
Education
Media

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Google, Inc.
Lithium Technologies Inc.
TIBCO Software Inc.
SAP SE
Salesforce
VMware
Cisco Systems
IBM Corporation
Vanilla Forums
Zimbra
Axero Solutions
Igloo Software
Zoho Corporation
Aurea Software Inc.
SocialText Inc.
Microsoft Corporation

Please note: The report will take approximately 2 business days to prepare and deliver.