Intranet as a Service Market Size, Share, Growth, and Industry Analysis, By Type (Mobile Intranet Service, Social Intranet Service and Other), By Application (IT and Telecommunications, Government, Media and Entertainment, BFSI, Travel and Other), Regional Insights, and Forecast 2024 To 2031

Updated On: 22 April 2024

Intranet as a Service Market Report Overview

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The global intranet as a service market size was USD 11510 million in 2022 and is expected to reach USD 25794.84 million by 2031, exhibiting a CAGR of 8.1% during the forecast period.

A cloud-based option called Intranet as a Service (IaaS) gives businesses access to an already-built intranet infrastructure. It provides a number of tools and capabilities to help with internal communication, teamwork, and information sharing. In the past, businesses built and maintained their own intranet infrastructure, which took a significant amount of money, time, and technical know-how. On the other hand, Intranet as a Service streamlines the procedure by providing a hosted, pre-configured solution. Companies can sign up for the service and use the cloud to access the intranet platform. Organizations can save time and resources by utilizing an intranet as a service that offers a ready-to-use intranet solution. Instead of handling the underlying infrastructure, they may concentrate on using the features and tools that the service offers. Furthermore, because the service is hosted in the cloud, it can be scaled and customized to meet the organization's evolving demands.

Employees can access and work safely together on files thanks to central document storage and sharing. Features like news feeds, forums, and instant chat to improve internal communication and encourage teamwork. a searchable personnel database that includes names, titles, contact information, and organizational details. There are specific locations where teams or projects can communicate, share papers, and monitor progress. The opportunity to include the company's identity, logos, and colors into the intranet platform. Support for mobile device access to the intranet, ensuring that workers can stay connected while on the move.

COVID-19 Impact: Increased Remote Work to Boost Market Growth

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

To maintain company continuity, the epidemic compelled several organizations to establish remote work practices. The need for reliable intranet solutions increased as more employees began working from home. IaaS platforms have become crucial for facilitating employee remote collaboration, communication, and information sharing. Organizations depended significantly on the virtual collaboration tools supplied by IaaS platforms because they had few or no physical office locations. For teams to collaborate successfully, tools like video conferencing, chat, document sharing, and project management become essential. Initiatives for digital transformation across industries were accelerated by COVID-19. Businesses were aware of the necessity to update their internal collaboration and communication technologies. IaaS solutions provided this change with a ready-made, scalable infrastructure.

LATEST TRENDS

"Mobile-Friendly and Responsive Design to Enhance Market Growth"

The market for IaaS is still being impacted by the move to cloud computing. Because of its scalability, flexibility, and ease of maintenance, cloud-based intranet systems are being used by businesses more frequently. IaaS platforms that operate in the cloud provide advantages including lower infrastructure costs, easier updates, and more accessibility. IaaS platforms are emphasising responsive interfaces and mobile-friendly designs in response to the increased use of mobile devices for work. Employees can now use their smartphones or tablets to access the intranet, enabling seamless mobile collaboration and information sharing. IaaS platforms are merging with well-liked productivity tools like collaboration tools for documents, project management software, and customer relationship management (CRM) systems. By combining many applications into a single intranet portal, this integration boosts productivity, streamlines workflows, and improves user experience overall.

Intranet as a Service Market Segmentation

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• By Type

Based on type market is classified as mobile intranet service, social intranet service and other.

• By Application

Based on application market is classified as IT and telecommunications, government, media and entertainment, BFSI, travel and other.

DRIVING FACTORS

"Remote Work and Distributed Workforces to Augment Market Growth"

The demand for IaaS solutions has been greatly fuelled by the increase of remote work and the spread of distributed workforces. Organisations need a centralised platform for easy communication, collaboration, and information sharing because workers operate from a variety of places. IaaS solutions offer the infrastructure and technologies required to allow remote work and facilitate productive teamwork. To improve their internal processes, productivity, and employee experiences, many organisations are embracing digital transformation. IaaS platforms play a crucial role in these projects because they provide cutting-edge, cloud-based alternatives to antiquated and disjointed intranet systems. Organisations may create a more connected, collaborative, and agile working environment by implementing IaaS.

"Enhanced Collaboration and Communication to Propel Market Growth"

IaaS systems encourage better internal collaboration and communication. They offer technologies that enable easy information exchange and real-time collaboration, including instant messaging, discussion forums, document sharing, and project management applications. IaaS popularity is significantly fuelled by the demand for efficient collaboration. The organisation and consolidation of corporate knowledge and information is greatly aided by intranet technologies. Platforms that offer IaaS make it simpler for staff members to access and retrieve information by providing centralised repositories for papers, policies, procedures, and other resources. The capacity to manage information centrally is crucial for boosting productivity and efficiency in businesses.

RESTRAINING FACTORS

"Legacy Systems and Infrastructure to Impede Market Expansion"

Migrating to an IaaS solution may be difficult for organisations that have made significant investments in and depend on traditional intranet systems. It takes careful planning, data transfer, and system integration to move from on-premises infrastructure that is currently in place to an IaaS platform that is located in the cloud. It can be difficult and expensive to replace outdated systems, which might be a barrier. It can occasionally be difficult and time-consuming to integrate an IaaS platform with pre-existing systems, such as customer relationship management (CRM) software, ERP software, or other business applications. The adoption of IaaS may be hampered by a lack of seamless integration because businesses may choose to continue with their current systems in order to prevent disruptions.

Intranet as a Service Market Regional Insights

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"North America to Dominate the Market Due to Large Number of Enterprises"

The region in particular has been a significant intranet as a service market share for IaaS solutions in North America. The area has a developed IT infrastructure, many businesses, and a high rate of adoption of cloud-based solutions. The IaaS industry in this region has expanded as a result of the existence of significant technological enterprises and an innovation-friendly culture. The need for safe and scalable intranet solutions has been further highlighted by the region's strong emphasis on data privacy and compliance, led by laws like the GDPR. The region's enormous population, growing IT infrastructure, and increasing number of businesses have given IaaS providers a sizable market opportunity. The need for IaaS solutions has also increased as a result of the trend towards remote work and the requirement for effective communication tools.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Akumina (U.S.)
• The Attollo Group Ltd (U.K.)
• Perficient (U.S.)
• Beetroot AG (Switzerland)
• Powell Software (France)
• HUBFLY (U.S.)
• Skyvera (U.S.)
• Happeo (Finland)
• Elastic Cloud Solutions (Elastic Intranet) (Poland)
• DevFacto Technologies Inc (Canada)

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the ssegmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Aanalysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.