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The intranet software market is projected to grow by USD 15.42 billion with a CAGR of 14.12% during the forecast period 2021 to 2026.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by deployment (on-premise and cloud-based), application (BFSI, telecom, retail and e-commerce, and others), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The market report also offers information on several market vendors, including Akumina Inc., Aurea Inc, Collab Hub, Contentformula, Creative Social Intranet, DevFacto FZ LLC, Easysite, eXo Platform SAS, HyperOffice, Involv, Microsoft Corp., Powell Software, Speakap Inc, The Attollo Group Ltd, Wetransfer Inc., and Withum Smith+Brown among others.
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The rising adoption of cloud computing services is notably driving the market growth, although factors such as data privacy and security risk in cloud-based services may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the intranet software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Intranet Software Market Driver
The rising adoption of cloud computing services is one of the key drivers supporting the market's growth. Cloud solutions enable the deployment of applications without the need for provisioning hosting capabilities. This helps save the costs incurred on buying, upgrading, and managing the underlying hardware and software. Also, cloud providers offer additional capabilities, such as storage, central processing unit (CPU), memory, and communication lines, much faster and possibly at a lower cost. This provides flexibility in scaling up or down. Thus, organizations can eliminate the need to build IT infrastructure as well as the overall costs involved. Hence, the increasing adoption of cloud computing by SMEs will drive the growth of the market during the forecast period.
Key Intranet Software Market Trend
Increased adoption of the bring-your-own-device (BYOD) policy is one of the key market trends contributing to market growth. Enterprise mobility has gained ground in the corporate world in response to employee preferences to use their own smartphones, tablets, and portable computers at work. The BYOD approach demands specific management and IT service delivery frameworks to guarantee electronically secure and productive work environments. The major focus of companies is to provide the right mobile devices to their employees. Thus, the implementation of the BYOD policy is an emerging trend among various enterprises globally.
Key Intranet Software Market Challenge
Data privacy and security risk in cloud-based services is one of the factors impeding market growth. Cloud-powered technologies provide the service provider with access to all the end-users business data. However, as a public service, security is a challenge for cloud service providers. The ease of procuring and accessing cloud services also gives users the ability to scan, identify, and exploit any loopholes and vulnerabilities in a system. In a multi-tenant cloud architecture, where multiple users are hosted on the same server, a hacker might try to break into the data of other users hosted and stored on the same server. Such factors are expected to hamper the adoption of cloud-based intranet software in the market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global intranet software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the intranet software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for the market in North America. Market growth in this region will be slower than the growth of the market in APAC and Europe.
The integration of cloud-based services will facilitate the market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 had a devastating effect on the North American economy and SMEs. However, the pandemic also made companies realize the need for cloud-based solutions, as retail companies, enterprises, and consumers in North America are shifting toward using cloud-based solutions. Such factors are expected to increase the demand for intranet software, which, in turn, will drive the growth of the regional market in focus during the forecast period.
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The market share growth in the on-premise segment will be significant during the forecast period. Companies in the BFSI, telecom, retailers and e-commerce sectors deal with critical data. They prefer on-premises intranet software due to certain regulations binding them by law. For example, the BFSI sector is at high risk of terrorism and cyber threats, which require high-end security services, and many BFSI companies, such as commercial banks, insurance companies, non-banking financial companies, and cooperatives, are using on-premises intranet software. Such factors will propel the growth of the on-premises segment of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
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Intranet Software Market Scope |
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Report Coverage |
Details |
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Page number |
131 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.12% |
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Market growth 2022-2026 |
$15.42 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
13.98 |
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Regional analysis |
North America, Europe, APAC, the Middle East and Africa, and South America |
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Performing market contribution |
North America at 36% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Akumina Inc., Aurea Inc, Collab Hub, Contentformula, Creative Social Intranet, DevFacto FZ LLC, Easysite, eXo Platform SAS, HyperOffice, Involv, Microsoft Corp., Powell Software, Speakap Inc, The Attollo Group Ltd, Wetransfer Inc., and Withum Smith+Brown |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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