The Asia Pacific Enterprise Collaboration Market size is estimated at USD 12.85 billion in 2024, and is expected to reach USD 26.54 billion by 2029, growing at a CAGR of 15.60% during the forecast period (2024-2029).
The growth is attributed to the enterprise collaboration solutions' provision of maximum productivity, business agility, and flexibility.
The Asia-Pacific Enterprise Collaboration Market is highly competitive due to multiple vendors operating in the domestic and international markets. The market appears to be fragmented. The significant players adopt mergers, acquisitions, and expansions to expand their geographic reach and stay competitive. Some major players in the market are Microsoft Corporation, Amazon Web Services, and Salesforce.Com Inc., among others. Some of the recent developments in the market are:
In August 2022, Tech Data announced the Cloudera Data Platform (CDP) launch at its Asia-Pacific center of excellence. The increased cooperation between the worldwide distributor and cloud vendor aligned with Tech Data's continuous goal of promoting hybrid cloud motion in the area and intends to help partners' and customers' plans to improve their hybrid data capabilities.
In March 2022, Informatica announced that The Intelligent Data Management Cloud (IDMC) for Retail was developed to address unique difficulties related to data fragmentation, data complexity, and a lack of linked experiences in a multi-cloud, hybrid context. It had novel cloud-first, cloud-native capabilities.
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