Market Scenario 

As per the research by Market Research Future Reports (MRFR), the global intranet as a service market is estimated to value USD 40.74 billion, growing at a CAGR of 13.82% during the review period. The increasing demand for high employee efficiency is the most significant factor resulting in the global intranet as a service market 2020. Moreover, there has been a rise in demand for digital workplace solutions in the market, which will result in magnifying the market reach. Besides, the increased flexibility in operations and the growing number of SMEs across the globe is another factor which additionally propels the market size. In addition, the reduced cost of maintenance is a substantial factor leading to market growth. However, the hesitation in the adoption of such advanced technology is estimated to be a significant factor resulting in the impediment of the market during the forecast period. 

Moreover, the outbreak of coronavirus has resulted in a halt in daily business operations. The research performed by MRFR tracks the aftermath of the COVID-19 pandemic. Also, a precise study of factors augmenting and impeding the market in the post-COVID-19 period has been evaluated. We will provide COVID-19 impact analysis with the report.  

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Key Players: -

• Attollo Group Ltd. (UK)
• Akumina
• Perficient
• Powell Software (France)
• Beetroot AG (Switzerland)
• HUBFLY (US)
• Happeo (Finland)
• Aurea
• Elastic Solutions (Poland)
• Withum Smith+Brown
• DevFacto (Canada)
• Livetiles Limited (US)
• Involv (France)
• Wizdom (Denmark)

Market Segmentation 

The worldwide intranet as a service market can be segregated because of vertical, organization size, offerings, and region.

Based on vertical, the worldwide intranet as a service market can be segmented into IT telecom, BFSI, government defence, travel hospitality, media entertainment, education, manufacturing, and others.

Based on organization size, the worldwide intranet as a service market can be segmented into small medium enterprises, and large enterprise segments.

Based on offerings, the global intranet as a service market can be segmented into solutions and services. The solution segment can further be segmented into the social intranet, mobile intranet, internal communications employee recognition, collaboration content management, project management, and document management. The service segment is categorized into professional services and managed services.

Based on region, the worldwide intranet as a service market can be segmented into North America, Europe, Asia-Pacific, the Middle East Africa, and South America.

Regional Analysis 

The geographical study of North America, Europe, Asia-Pacific, the Middle East Africa, and South America has been carried out. As per the evaluation by MRFR, the global market is estimated to be dominated by North America. The market is likely to reign in terms of market share. The most significant reason responsible for market growth is the presence of notable players in the region. Among all nations, the US, Mexico, and Canada are anticipated to make the most significant contribution in propelling the market. Out of these, the US is likely to make the maximum contribution, followed by Canada and Mexico. Moreover, the region has been witnessing a rise in demand for cloud-based software solutions. 

As per the analysis, the European region acquires the second position in the market. Europe has been classified into Germany, UK, Italy, Spain, and France. Among these, the UK is likely to seize the largest portion of the market. On the other hand, the rest of Europe is estimated to record the highest CAGR during the forecast period. 

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Recent Developments

Jan. 12, 2021 – Microsoft launched a new SharePoint success site template for SharePoint online intranet users, adding another tool to better steer site creators. The template creates a communication site that serves as a portal to educate new site creators in organizations.

Oct. 23, 2020 – Iran Government announced its plans to expand its tool kit for internal suppression. Iranian officials expressed that they are increasingly willing to disrupt domestic telecommunications to counter or preempt protests.

Aug. 11, 2020 – Akumina, Inc. (US), a leading global Employee Experience Platform (EXP) software provider, and Boston Properties, Inc., a publicly-traded real estate investment trust, announced their partnership to power their digital workplace strategy. Boston Properties is the largest publicly held developer that helps the organization better engage and communicate with its more than 1,200 employees and service providers. The partnership would allow Boston Properties to quickly build a modern intranet that is accessible and intuitive.

May 19, 2020 – Happeo (Finland), an intranet, enterprise social network, and collaboration platform, announced raising $12 million in venture capital to create a more social intranet to accelerate the development and marketing of its employee communications platform.

May 27, 2020 – Bridgeline Digital, Inc. (the US), a provider in cloud-based digital experience software, announced entering into an agreement with one of the top pharmacy chains in the US for a multi-year contract renewal of their site subscription agreement.

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