Intranet as a Service Market

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Roboto Condensed"; mso-ascii-font-family:"Roboto Condensed"; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:"Roboto Condensed"; mso-hansi-theme-font:minor-latin; mso-ansi-language:EN-US; mso-fareast-language:EN-US;} The global intranet-as-a-service market was valued at USD 139 million in 2018 and is estimated to reach a market value of USD 6.10 billion by the end of 2025 growing with a CAGR of 70.3% from 2019 to 2025. The market is driven by factors such as the growing adoption of intranet solutions and services by the enterprises for employee engagement and increasing demand for digital workspaces in enterprises. With the growth in a number of enterprises in the developing regions such as Asia-Pacific, South America, and the Middle East and Africa, the demand for intranet as a service is significantly increasing in these regions.

By offering, the solutions segment accounted for the larger market share of 78.2% in 2017, with a market value of USD 66.7 million; it is expected to register a CAGR of 69.2% during the forecast period. The services segment was valued at USD 18.6 million; it is projected to register a higher CAGR of 73.9%. The solution segment is then further sub-segmented into the mobile intranet, document management, internal communication and employee recognition, project management, and social intranet. Among these, the mobile intranet segment accounted for the largest market share of 41.7% in 2017, with a market value of USD 27.8 million; it is expected to register a CAGR of 66.4% during the forecast period. The document management segment was the second-largest market in 2017, valued at USD 14.1 million; it is projected to exhibit a CAGR of 69.4%. However, the social intranet segment is expected to register the highest CAGR of 77.6%.

On the basis of services, the professional services segment accounted for the larger market share of 70.9% in 2017, with a market value of USD 13.2 million; it is expected to register a higher CAGR of 74.5% during the forecast period. The managed services segment was valued at USD 5.4 million; it is projected to exhibit a CAGR of 72.5%.

By organization size, the market is classified into SMEs and large enterprises. SMEs accounted for a larger market share of 57.0% in 2017, with a market value of USD 48.6 million; it is expected to register a higher CAGR of 70.9% during the forecast period. The large enterprise segment was valued at USD 36.7 million; it is projected to exhibit a CAGR of 69.4%.

On the basis of verticals, the market is categorized into IT and telecom, Travel and hospitality, manufacturing, education, Government and Defense, BFSI, and media and entertainment. The IT and telecom segment accounted for the larger market share of 30.9% in 2017, with a market value of USD 26.3 million; it is expected to register a CAGR of 69.7% during the forecast period. The others segment was valued at USD 15.2 million; it is projected to exhibit a CAGR of 71.5%. However, the education segment is expected to register a higher CAGR of 74.6%.

By region, the intranet-as-a-service market is led by North America. North America accounted for the largest market share of 36.11% in 2017, with a market value of USD 30.8 million; the market is expected to register a CAGR of 63.8% during the forecast period. Europe was the second-largest market in 2017, valued at USD 25.8 million; the market is projected to exhibit a CAGR of 72.1% during the forecast period.